- Views: 9
- Report Article
- Articles
- Marketing & Advertising
- Press Releases
Sterilization Equipment and Disinfectant Market is Projected to be Worth US$ 6,500 Mn by 2026
Posted: Jan 18, 2019
Global Sterilization Equipment and Disinfectant Market – Snapshot
Sterilization equipment and disinfectants are essential procedures for infection control in healthcare facilities such as hospitals, clinics, and laboratories. In terms of revenue, the global sterilization equipment and disinfectant market was valued at above US$ 4,400 Mn in 2017 and is anticipated to reach US$ 6,500 Mn in 2026, expanding at a CAGR of 4.5% from 2018 to 2026. Increase in hospital-acquired infections has compelled medical professionals to take stringent regulatory actions in order to cure these infections with the usage of various sterilization equipment and disinfectants. This factor is anticipated to propel the sterilization equipment and disinfectants market during the forecast period.
Obtain Report Details @
https://www.transparencymarketresearch.com/sterilization-equipment-market.html
Globalization leads to the outbreak of several diseases, and some of them are lead to surgery. According to the annual plastic surgery procedural statistics, there were almost 15.9 million surgical and minimally-invasive cosmetic procedures performed in the U.S, in 2015, a 2% increase over 2014. This increasing number of surgeries is creating a demand for more sterilization of equipment in order to prevent any microbial infection. A large number of global manufacturers are putting constant efforts to develop and manufacture novel equipment so that the customer can carry out the sterilization process more effectively and smoothly. Demand for low temperature sterilization for moist and heat-sensitive equipment is rising. Key players are focusing on the development of new sterilization equipment and disinfectants with better efficacy. For instance, Becton, Dickinson and Company launched the Genesis, a low temperature rigid sterilization container system, which provides long-lasting protection and sterility maintenance for surgical instrumentation. These key developments are likely to augment the global sterilization equipment and disinfectant market in the near future. However, high price of sterilization equipment and increasing demand for disposable devices are likely to restrain the global sterilization equipment and disinfectant market during the forecast period.
Request for Sample Copy of Report @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=389
Shifting trends toward utilization of disposable medical devices to hamper market
Increasing preference for usage of disposable medical devices, such as prefilled syringes, gloves, face masks, needles, and catheters, hinders the global sterilization equipment market. Usage of disposable devices reduces the probability of acquiring HAIs. The global market for sterilization equipment is expected to contract during the forecast period, as disposable medical devices do not require sterilization.
Heat sterilization equipment to lose market share
The report offers detailed segmentation of the global sterilization equipment and disinfectant market based on method, disinfectant, and end-user. Based on method, the heat sterilization equipment segment is projected to dominate the global market, due to the presence of major players in the segment. However, the segment is expected to lose market share during the forecast period, as it does not properly work on heat and moist sensitive equipment. The low temperature sterilization segment is anticipated to gain market share. Its share is anticipated to rise from 32.0% in 2017 to almost 33% by the end of 2026 due to advantages of its sterilization process through disinfectant gases, such as ethylene oxide, which is suitable for both heat and moist sensitivity equipment to sterilize.
Request Report Brochure @
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=389
Hospital and Diagnostic Center: Top end-user in sterilization equipment and disinfectant market
In term of end-user, the hospitals and diagnostic centers segment accounted for more than 50% share of the global sterilization equipment and disinfectant market, in terms of value, in 2017. The segment is anticipated to expand at a rapid pace in the near future. The market share held by the segment is likely to rise to reach more than 52% by the end of 2026. Rise in number of surgeries and increase in HAI are likely to propel the segment during the forecast period.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Contact Us
Transparency Market Research
State Tower,
90 State Street, Suite 700
Albany, NY 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com
My name is Pragya Tripathi and I work with the Digital Marketing and Editorial team of Transparency Market Research, a market intelligence firms based in India & Usa.