Global Sterilization Equipment Market is Poised to Reach USD 6,142.7 Million by 2020

Date: 2015-08-16

“The global sterilization equipment market is poised to reach USD 6,142.7 million by 2020 from USD 4,258.4 million in 2015, at a CAGR of 7.6%. The sterilization equipment market is segmented by type; consumables and accessories market, by type; contract sterilization services market, by site of sterilization; end user; and region. Consumables and accessories is an attractive segment of the sterilization equipment market. This segment is projected to grow at the highest CAGR from 2015 to 2020, owing to the repetitive usage of consumables and accessories during sterilization cycles.

Factors such as rising incidences of hospital-acquired infections, increasing number of hospitals and hospital sterilization procedures in Asia, increasing number of surgical procedures, rising aging population, growing number of pharmaceutical companies in Asia, and growth of the food & beverage industry worldwide are contributing to the growth of the sterilization equipment market. However, factors such as regulatory compliance issues and saturated developed markets are restraining the growth of this market during the forecast period. 

 Apart from comprehensive regional and product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years. In addition, the company profiles comprise basic views on the key players in the sterilization equipment market and product portfolios, developments, and strategies adopted by market players to maintain and increase their market shares in the near future. The above-mentioned market research data, current market size, and forecast of future trends will help key players and new entrants to make the necessary decisions regarding product offerings, regional focus, change in strategic approach, R&D investments for innovations in products and technologies, and levels of output in order to remain successful.


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