Medical Device Sterilization Market would rocket up to USD 14.14 billion by 2029
Data Bridge Market research has a newly released expansive study titled “Global Medical Device Sterilization Market ” which guarantees you will remain better informed than your competition. This study provides a broader perspective of the marketplace with its comprehensive market insights and analysis which eases survival and success in the market.
Data Bridge Market Research analyses that the medical device sterilization market which was USD 7.2 billion in 2021, would rocket up to USD 14.14 billion by 2029, and is expected to undergo a CAGR of 8.80% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Download PDF Sample Report (Including Graphs, Charts, and List of Figures) @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-medical-device-sterilization-market&Shri
According to the CDC’s National Diabetes Statistic Report, over 100.0 million Americans had diabetes or prediabetes as of 2017. Additionally, according to data from the WHO, diabetes was directly responsible for nearly 1.6 million deaths worldwide in 2015. A major healthcare burden has been cancer. According to WHO estimates, cancer is the biggest cause of mortality worldwide, accounting for nearly 1 in 6 fatalities. Additionally, it stated that middle- and low-income countries often account for approximately 70% of cancer-related fatalities.
Escalation in the number of surgeries is expected to drive the market’s growth rate
Surgery is a fundamental parameter for managing several health conditions, such as injuries, cardiovascular diseases, infections, malignancy, obstructed labor and an indispensable component of a functioning health system. Furthermore, according to several healthcare organizations, surgery is the leading parameter during treatments. The requirement of surgical procedures varies according to the prevalence and incidence of the diseases across the globe. Henceforth, an increase in the number of surgeries demands the more medical devices and thus the need for medical device sterilization increases. As a result, it is projected that a rise in the number of surgeries is anticipated to increase the global market.
Market Development
- In 2021, STERIS announced that it had completed its acquisition with Cantel Medical. With this acquisition, STERIS will be able to complement and expand its customer base, product and service offerings, and global reach. This acquisition has augmented growth by increasing demand and sales of product.
- In 2020, STERIS’s VHP LTS-V Low-Temperature Sterilizer received another FDA approval for a Customer application. This has continued to be a regulatory acceptable, proven, and reliable method for low-temperature sterilization for fulfilling ISO 14937 requirements. This approval has aided the company in increasing its revenue, thus further boosting market growth.
- In 2021, Sartorius opened a new Customer Interaction Center in Beijing for strengthens its footprint in China. With this expansion, company would help in displaying the services and products to domestic customers. This has augmented the demand and sales of the products and aids in the company revenue generation.
Drivers
- Increase in the quantity of surgical procedures
Catheter use, poor cleanliness standards in healthcare facilities, and overuse of antibiotics are just a few examples of factors that can make people more susceptible to HAIs. Furthermore, one of the main drivers of market expansion is an increase in the quantity of surgical procedures performed in clinics. To maintain a healthy environment in the clinic, proper hygiene and sanitation must be maintained. Additionally, the spread of COVID-19 necessitates implementing preventative measures to limit the disease’s transmission. The use of sterilising equipment in clinics is anticipated to be influenced by these factors.
- Rising prevalence of HAIs
A major driver projected to fuel market growth during the forecast period is the rising prevalence of HAIs brought on by poor sanitation and preventive measures. Around 1.7 million HAI cases and 99,000 related fatalities are recorded annually in American hospitals, according to a CDC data from 2018. In 2018, the frequency of HAIs in European countries was around 7.1%, according to a report from the European Center for Disease Prevention and Control (ECDC). Additionally, it stated that around 4,131,000 patients in Europe experience HAIs annually. Such incidents are increasing the need for sterilisation machinery.
- Rise in prevalence of chronic diseases
The prevalence of chronic diseases including diabetes, cancer, and other autoimmune disorders is expected to rise, which would raise the demand for sterilising equipment. Some of the key causes of the rising prevalence of chronic diseases include antimicrobial resistance, an increase in unhealthy and sedentary lifestyles, smoking, and alcohol use.
To Gain More Insights into the Market Analysis, Browse the Summary of the Research Report@ https://www.databridgemarketresearch.com/reports/global-medical-device-sterilization-market?Shri
Some of the major players operating in the medical device sterilization market are:
- STERIS (U.S.)
- Getinge AB (Sweden)
- 3M (U.S.)
- Sotera Health (U.S.)
- Fortive (U.S.)
- Cardinal Health (U.S.)
- Metall Zug AG (Switzerland)
- Stryker (U.S.)
- Merck KGaA (Germany)
- MMM Group (Germany)
- MATACHANA GROUP (Spain)
- Tuttnauer (Netherlands)
- Andersen Sterilizers (U.S.)
- Steelco S.p.A. (Italy)
- Noxilizer, Inc. (U.S.)
- DE LAMA S.P.A. (Italy)
- Cosmed Group (U.S.)
- C.B.M. S.r.l. Medical Equipment (Italy)
- E-BEAM Services, Inc. (U.S.)
Medical Device Sterilization Market Scope
Product
- Instruments
- Reagents
- Services
Technology
- Thermal Sterilization
- Ionizing Radiation Sterilization
- Filtration Sterilization
- Gas and Chemical Sterilization
End-User
- Pharmaceutical Companies
- Hospitals
- Clinics
- Laboratories
- Academic
- Research Institutes
- Medical Device Manufacturers
- Others
Distribution Channel
- Direct Tenders
- Retail Sales
- Third-Party Distributor
Fundamental Aim of this Market Report
In the Industry, every company has goals, but this report focuses in on the most important ones, allowing you to gain insight into the competition, the future of the market, potential new products, and other useful information that can boost your sales significantly.
- Factors influencing This Market Size and growth rate.
- Major alterations to this market in the near future.
- Notable Market rivals around the world.
- Future Scope and Product Outlook
- Future-promising emerging markets.
- The Market Presents Difficult Challenges and Threats.
Key highlights of this Market report:
- Growth rate
- Remuneration prediction
- Consumption graph
- Market concentration ratio
- Secondary industry competitors
- Competitive structure
- Major restraints
- Market drivers
- Regional bifurcation
- Competitive hierarchy
- Current market tendencies
- Market concentration analysis
Browse the complete table of contents at – https://www.databridgemarketresearch.com/toc/?dbmr=global-medical-device-sterilization-market&Shri
Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
Top DBMR Healthcare Reports:
https://www.databridgemarketresearch.com/reports/global-cardasil-treatment-market?Shri
https://www.databridgemarketresearch.com/reports/global-aestheticcosmetic-lasers-market?Shri
https://www.databridgemarketresearch.com/reports/global-yeast-infection-market?Shri
About Data Bridge Market Research:
An absolute way to forecast what future holds is to comprehend the trend today!
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavours to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.
Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.
Contact Us:-
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Editor Details
-
Company:
- The Wire Times
