Sterilization Technologies Market Scope
The growing demand for sterilization in many industries such as the food as well as the healthcare sector will help to boost global sterilization technology market in the anticipated period. Infection control is an important component of health care settings including hospitals, clinics, and laboratories. Sterilization technology used to remove or destroy infectious agents including bacteria, fungi, and viruses from surfaces of equipment, pharmaceuticals, medications, food ingredients, and biological culture medium.
The market study is being classified by Type (Chemical & Gas Sterilization [Ethylene Oxide, Formaldehyde, Others], Filtration Sterilization [Liquid, Air & Gas], Ionizing Radiation Sterilization [Gamma Radiation, Electron Beam Radiation, Others] and Thermal Sterilization [Autoclaving, Distillation, Pasteurization, Retorting, Others]) and major geographies with country level break-up.
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Sterilization Technologies market throughout the predicted period.
Advanced Sterilization Products Services Inc. (United States), Atec Pharmatechnik GmbH (Germany), Belimed AG (United States), Getinge Group (Sweden), Nordion Inc. (Canada), Noxilizer, Inc. (United States), Sterile Technologies Inc. (United States), Steris Plc (United States), The 3M Company (United States), TSO3 Inc. (Canada) and Cantel Medical Corp. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Koch Membrane Systems, Inc. (United States) and Meissner Filtration Products, Inc. (United States).
AdvanceMarketAnalytics has segmented the market of Global Sterilization Technologies market by Type, Application and Region.
On the basis of geography, the market of Sterilization Technologies has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by End User, the sub-segment i.e. Pharmaceuticals will boost the Sterilization Technologies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 2nd May 2019, 3M has acquired Acelity Inc. and its KCI subsidiaries worldwide from a consortium comprised of funds advised by Apax Partners. This acquisition helps 3M to expand its presence in advanced and surgical wound care. Acelity is a leading global medical technology company focused on advanced wound care and specialty surgical applications marketed under the KCI brand. The deal is established for 6.7 billion dollars.
1st March 2019, Nordion (Canada) Inc., a Sotera Health Company has announced the acquisition of technology patents associated to the creation of Cobalt-60 in Light Water Reactors (LWRs) from GE-Hitachi Nuclear Energy Americas LLC (GEH). Nordion plays an important role in protection global health by providing Cobalt-60 to sterilize single-use medical devices, to decrease pathogens in food and other products, and to treat certain cancers.
- High Demand for Contract Sterilization Service
- Development in New Revenue Channel Such As Medical and Cosmetic Industries
- Expansion of Processed Food & Beverage Market
- Upsurge in Number of Hospital-Acquired Infections
- Growth in Geriatric Population
- Technological Advancements Such As E-Beam Radiation and Gamma Sterilization
- Rapid Advancements in the Medical Device Industry
- High Installation and Utility Costs Associated With Sterilization Technologies
- Stringent Regulations Related With Harmful Gases
- Introduction of Disposable Devices, Such As Bandages, Syringes, Sutures, and Gowns
Key Target AudienceSterilization Technology Providers, Government Regulatory Bodies, Private Research Organization, Government research Organization and Others
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