Global sterilization equipment market expected to reach approximately USD 11,671.8 million by 2024, growing at a CAGR of around 6.9% between 2018 and 2024. Sterilization is a process of sanitization. The process includes chemical or mechanical cleansing of material by using chemicals, heat, and radiations.
Sterilization Equipment Market
The report covers forecasts and analysis for the sterilization equipment market on a global and regional level. The study provides historic data for 2015, 2016, and 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). The study includes drivers and restraints for the sterilization equipment market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the sterilization equipment market on a global level.
In order to give the users of this report a comprehensive view of the sterilization equipment market, we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein the instrument type and end-user segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides a company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.
The study provides a decisive view of the sterilization equipment market by segmenting the market based on instrument type, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024.
Based on instrument type, the global sterilization equipment market is segmented into four types: heat sterilization equipment, chemical sterilization, filtration sterilization and ionizing radiation sterilization. Based on end-users, the global sterilization equipment market is segmented into five types: pharmaceutical companies, hospitals & clinics, educational institutes, the food & beverage industry, and others.
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa with its further bifurcation into major countries including the U.S. Germany, France, UK, China, Japan, India, and Brazil. This segmentation includes demand for sterilization equipment based on individual segments and applications in all regions and countries.
The report covers a detailed competitive outlook including the market share, reimbursement policy, and company profiles of the key participants operating in the global sterilization equipment market including Steris, Getinge Group, 3M, Sortera Health, and Advanced Sterilization Products.
This report segments the global sterilization equipment market as follows: