A new market intelligence report, titled “Sterilization Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” presents a detailed overview of the market. It provides a comprehensive study of the drivers, restraints, and opportunities influencing the market and their impact on its growth. It offers a holistic perspective of the market’s growth across different regions. Historical data and current market scenario have been taken into account to derive future trends expected in the market.
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Government regulations play a vital role in fuelling the growth of the global sterilization market. The rising incidence of hospital acquired diseases is compelling governments in various countries to take regulatory actions to fortify hospitals with necessary sterilization standards. Moreover, with the rising number of people undergoing surgeries, the need for sterilization is also increasing. This is because sterilization helps in reducing the chances of infection after surgical procedures. Furthermore, the increasing activities of drug synthesis and preparations are boosting the demand for sterile mediums, thereby augmenting the growth of the market. Other factors driving the market are the increasing number of hospitals and pharmaceutical companies in emerging economies, growing prevalence of chronic diseases, rising geriatric population, and growth of the global food and beverage industry.
On the other hand, the saturation of the healthcare sector in developed markets is hampering the growth of the global sterilization market. Moreover, the lack of awareness regarding the benefits of sterilization is leading to low consumer compliance, thereby restraining the growth of the market. However, the increasing focus on reprocessing medical devices is anticipated to augur well for the demand for sterilization in the near future. Furthermore, growing use of E-beam radiation sterilization is likely to work in favor of the growth of the market.
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Based on type, the global sterilization market is segmented into chemical sterilization, heat sterilization, steam sterilization, radiation sterilization, and filtration sterilization. Based on geography, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World (RoW). North America is anticipated to be the leading market in terms of revenue from 2013 to 2019, while Asia Pacific to exhibit a significant CAGR over the forecast period.
The report profiles the key players along with their contact information, business strategies, cost and revenue structure, and latest developments. Some of the key players in the global sterilization market are 3M Company, Advanced Sterilization Products, Becton Dickinson, Belimed AG, bioMerieux, Cantel Medical Corporation, Pfizer, and Roche.