Sterilization Equipment Market to grow by USD 3.70 billion from 2022 to 2026 | North America to account for 36% of market growth- Technavio

NEW YORK, Nov. 26, 2023 /PRNewswire/ — The sterilization equipment market is expected to grow by USD 3.70 billion from 2021 to 2026. In addition, the momentum of the market will progress at a CAGR of 7.93% during the forecast period, according to Technavio Research. The market is segmented by Product (low-temperature sterilizers, heat sterilizers, sterile membrane filters, and radiation sterilization devices) and Geography (North America, APAC, Europe, and the Rest of the World (ROW)). 36% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for sterilization equipment in North America. Market growth will be facilitated by the expanding healthcare sector, increasing numbers of hospital-acquired infections, and a strong presence of key players on the market.

This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read the Free PDF Sample Report

Company Profile:

3M Corp., ACMAS Technologies Pvt. Ltd., Andersen Sterilizers, C.B.M. S.r.l. Medical Equipment, Cantel Medical., Cardinal Health Inc., Continental Equipment Co, Cosmed Group, De Lama Spa, Fortive Corp., Getinge AB, Merck KGaA, MMM Group, Noxilizer Inc., Sotera Health Co., Steelco SpA, STERIS Plc, Stryker Corp., Systec GmbH, Tuttnauer, and YATHERM SCIENTIFIC

Soterahealth –  The company offers sterilization equipment for various applications. 

To gain access to more company profiles available with Technavio, buy the report!

The sterilization equipment market share growth by the low-temperature sterilizers segment will be significant during the forecast period. There is a growing need for sterilization of heat-sensitive medical devices and equipment, which is propelling the demand for low-temperature sterilizers. Additionally, the use of expensive, moisture-sensitive, and delicate medical devices that are difficult to sterilize, such as endoscopes, is driving the growth of the market segment. Low-temperature sterilization equipment is further sub-segmented into ethylene oxide (ETO) sterilizers, hydrogen peroxide sterilizers, ozone-based sterilizers, and other low-temperature sterilization equipment. 

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a PDF Sample Report

“Besides analyzing the current market scenario, our report examines historic data from 2017 to 2021”- Technavio

Sterilization Equipment Market: Market Dynamics

Strategic initiatives of market playersRising incidence of HAIsGrowth in Pharmaceutical and Biotechnology Industries

Key Driver

The strategic initiatives of market players is a key factor driving market growth. There is a high degree of competition in the world’s sterilization equipment market. To overcome competition in the market, operators of the market have adopted strategies such as mergers and acquisitions M & A, expansion projects, launches of new products, or increased production capacity.

The growing number of surgical procedures is a key trend in the sterilization equipment market. Identify key trends, drivers, and challenges in the market. Download a sample to gain access to this information.

Related Reports:

The Phacoemulsification Devices Market size is estimated to grow by USD 622.54 million at a CAGR of 5.36% between 2023 and 2028. 

The Otoscopes Market size is estimated to grow by USD 72.05 million at a CAGR of 5.03% between 2023 and 2028. 

What are the key data covered in this sterilization equipment market report?

CAGR of the market during the forecast periodDetailed information on factors that will drive the growth of the sterilization equipment market between 2021 and 2026.Precise estimation of the sterilization equipment market size and its contribution to the market in focus on the parent marketAccurate predictions about upcoming trends and changes in consumer behaviorGrowth of the sterilization equipment market in North America, Europe, Asia, and ROWA thorough analysis of the market’s competitive landscape and detailed information about companiesComprehensive analysis of factors that will challenge the growth of sterilization equipment market companies.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/sterilization-equipment-market-to-grow-by-usd-3-70-billion-from-2022-to-2026–north-america-to-account-for-36-of-market-growth–technavio-301997255.html

SOURCE Technavio