Rising Incidence of Healthcare Associated Infections Fueling Expansion of Global Sterilization Techn

The global sterilization technology market will register huge expansion in the coming years, as per the estimates of P&S Intelligence, a market research company based in India. The factors driving the advancement of the market are the rising incidence of healthcare associated infections (HAIs), the increasing requirement for sterilized pharmaceutical products, the growing requirement for less invasive surgical procedures, and the surging population of geriatric people in various countries around the world.

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Healthcare associated infections or infections acquired from healthcare facilities such as ambulatory service centers, clinics, and hospitals are highly prevalent across the globe. The rising prevalence of these infections is augmenting the mortality rates and causing huge financial losses for healthcare organizations. As per the findings of the World Health Organization (WHO), nearly 10 people out of every 100 hospitalized persons are likely to be infected with at least one healthcare associated infection in the developing nations.

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Furthermore, in the developed countries, nearly 7 patients out of every 100 hospitalized persons are likely to be infected with HAIs. The occurrence rate of these diseases is much higher in the low- and middle-income countries than the high-income countries. Besides these, the increasing number of surgeries being performed all over the world are also fueling the progress of the sterilization technology market across the world. This is because of the requirement for sterilized devices and environment during surgical procedures.

Between these, the medical devices sterilization category is currently registering higher growth in the market. This is because medical devices need regular sterilization for preventing the spread of infections and mitigating the occurrence rate of healthcare associated infections. The utilization of unsterilized devices can cause infections, which may require surgical intervention that can lead to more complications. Globally, the sterilization technology market is predicted to exhibit the fastest growth in the Asia-Pacific (APAC) region in the forthcoming years.

This will be a result of the soaring geriatric population, the increasing healthcare expenditure, the expanding pharmaceutical industry, the escalating pollution levels, and the flourishing medical tourism industry in the regional countries. As per the findings of the World Bank, in South Asia, the total healthcare expenditure was 3.9% of the region’s gross domestic product (GDP) in 2000. Furthermore, this share grew to as much as 4.4% of the GDP in 2014.

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