Tag Archives: Steam Autoclave Market

Rising Focus and Pouring Funds on Healthcare Infrastructure Development to Make Emerging Economies Key Markets for Steam Autoclave Systems

According to a new market research report published by Transparency Market Research “Steam Autoclave Market (Product – Traditional and Tabletop; Indicator – Chemical, Biological, and Mechanical; Technology – Gravity Displacement, Pre-vacuum, and Steam Flush; End-user – Hospitals, Health Care Organization, and Academics) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2024”, the global steam autoclave market was valued at US$ 1.6 Bn in 2015 and is estimated to reach US$ 2.6 Bn in 2024 at a CAGR of 5.7% from 2016 to 2024.

This 99 page report gives readers a comprehensive overview of the steam autoclave market. Browse through 26 data tables and 27 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/steam-autoclave-market.html

Sterilization is a process that kills or eliminates harmful agents such as virus, bacteria, and fungi from an equipment, food, medication, and biological medium. Four types of sterilization processes are used in a health care facility: heat sterilization, low temperature sterilization, radiation sterilization, and filter sterilization. Autoclaving is a vital component for infection-control in the medical devices. The steam autoclave market is witnessing massive growth due to increase in number of surgeries in hospitals and clinics globally. According to the Centers for Disease Control and Prevention, approximately 46.5 million surgical procedures and 5 million gastrointestinal endoscopies are performed in the U.S. each year. This indicates that sterilization is essential for ensuring that surgical and medical instruments used in surgeries do not transmit infectious pathogens to patients. The global steam autoclave market was valued at US$ 1,570.4 Mn in 2015 and is projected to reach US$ 2,572.8 Mn by 2024, expanding at a CAGR of 5.7% from 2016 to 2024.

Geographically the steam autoclave market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America was the largest market for steam autoclaves in terms of revenue in 2015 owing to rising prevalence of various infectious diseases (cholera, influenza, and syphilis) and increasing demand for non-disposable surgical instruments such as endoscopy devices, distractors, and forceps. Rapidly increasing number of hospital-acquired infections in the region also boosts demand for steam autoclaves. For instance, the New York State Department of Health, Albany, revealed that hospital-onset Clostridium difficile infections (CDI) rate was 8.3 infections per 1,000 patients admitted in New York state hospitals in 2012. The Federal Government of the U.S. creates awareness about hospital-acquired infections among people and provides stringent instructions on tackling these infections. Europe accounted for the second largest share of the global market in 2015 owing to initiatives by various health care organizations such as increasing awareness and uptake of sterilization equipment in this region. For instance, the European Society of Clinical Microbiology and Infectious Disease (ESCMID) creates awareness about the prevention and treatment measures associated with infectious diseases and disorders among the people in Europe.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving steam autoclave market during 2016 – 2024: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3997

Countries in Asia Pacific such as China and India are the emerging markets for steam autoclaves due to high prevalence of infectious diseases and disorders such chikungunya, dengue, and Japanese encephalitis. Prevalence of these diseases is increasing rapidly due to unexpected population growth/urbanization and unusual farming practices. Poor sanitization measures and lack of awareness about disease prophylaxis among the people increases the rate of hospitalization, and thereby utilization of steam autoclaves. For instance, in July 2012, the World Health Organization (WHO) published that nearly 334,000 children in India died due to diarrhea. In addition, presence of large geriatric population propels the steam autoclave market in this region, as they are more prone to infections. The steam autoclave market in Latin America is driven by favorable government initiatives, rising health care infrastructure, and increasing disposable income of people.

Major players operating in the global steam autoclave market include 3M Health Care, STERIS plc, Getinge Group, and Johnson & Johnson.

 

Advertisements

Steam Autoclave Market: Industry Players Shifting Focus towards Developing Economies

According to a new market research report published by Transparency Market Research “Steam Autoclave Market (Product – Traditional and Tabletop; Indicator – Chemical, Biological, and Mechanical; Technology – Gravity Displacement, Pre-vacuum, and Steam Flush; End-user – Hospitals, Health Care Organization, and Academics) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2024”, the global steam autoclave market was valued at US$ 1.6 Bn in 2015 and is estimated to reach US$ 2.6 Bn in 2024 at a CAGR of 5.7% from 2016 to 2024.

Read Full Press Release: http://www.transparencymarketresearch.com/pressrelease/steam-autoclave-market.htm

Sterilization is a process that kills or eliminates harmful agents such as virus, bacteria, and fungi from an equipment, food, medication, and biological medium. Four types of sterilization processes are used in a health care facility: heat sterilization, low temperature sterilization, radiation sterilization, and filter sterilization. Autoclaving is a vital component for infection-control in the medical devices. The steam autoclave market is witnessing massive growth due to increase in number of surgeries in hospitals and clinics globally. According to the Centers for Disease Control and Prevention, approximately 46.5 million surgical procedures and 5 million gastrointestinal endoscopies are performed in the U.S. each year. This indicates that sterilization is essential for ensuring that surgical and medical instruments used in surgeries do not transmit infectious pathogens to patients. The global steam autoclave market was valued at US$ 1,570.4 Mn in 2015 and is projected to reach US$ 2,572.8 Mn by 2024, expanding at a CAGR of 5.7% from 2016 to 2024.

Geographically the steam autoclave market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America was the largest market for steam autoclaves in terms of revenue in 2015 owing to rising prevalence of various infectious diseases (cholera, influenza, and syphilis) and increasing demand for non-disposable surgical instruments such as endoscopy devices, distractors, and forceps. Rapidly increasing number of hospital-acquired infections in the region also boosts demand for steam autoclaves. For instance, the New York State Department of Health, Albany, revealed that hospital-onset Clostridium difficile infections (CDI) rate was 8.3 infections per 1,000 patients admitted in New York state hospitals in 2012. The Federal Government of the U.S. creates awareness about hospital-acquired infections among people and provides stringent instructions on tackling these infections. Europe accounted for the second largest share of the global market in 2015 owing to initiatives by various health care organizations such as increasing awareness and uptake of sterilization equipment in this region. For instance, the European Society of Clinical Microbiology and Infectious Disease (ESCMID) creates awareness about the prevention and treatment measures associated with infectious diseases and disorders among the people in Europe.

Download exclusive Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3997

Countries in Asia Pacific such as China and India are the emerging markets for steam autoclaves due to high prevalence of infectious diseases and disorders such chikungunya, dengue, and Japanese encephalitis. Prevalence of these diseases is increasing rapidly due to unexpected population growth/urbanization and unusual farming practices. Poor sanitization measures and lack of awareness about disease prophylaxis among the people increases the rate of hospitalization, and thereby utilization of steam autoclaves. For instance, in July 2012, the World Health Organization (WHO) published that nearly 334,000 children in India died due to diarrhea. In addition, presence of large geriatric population propels the steam autoclave market in this region, as they are more prone to infections. The steam autoclave market in Latin America is driven by favorable government initiatives, rising health care infrastructure, and increasing disposable income of people.

Major players operating in the global steam autoclave market include 3M Health Care, STERIS plc, Getinge Group, and Johnson & Johnson.

 

Steam Autoclave Market Outlook and Forecast up to 2024

The global steam autoclaves market is marked by intense competitive rivalry and high entry barriers for new vendors, typical of markets featuring high consolidation, reports a recent study by Transparency Market Research (TMR). The oligopolistic market witnesses the dominance of companies such as STERIS, Getinge Group, and Johnson & Johnson, which collectively held close to two-third of the overall market in 2015.

The presence of a very small number of product manufacturers, preference of buyers for long-term contracts with steam autoclave devices manufacturers, and broad product portfolios have further reinforced the standing of leading vendors in the market. Product innovations, production of economic products, and strategies aimed at expansion in emerging regional markets could aid small vendors in the market carve out new growth channels in the near future. Other notable vendors operating amid intense competition in the global steam autoclave market are 3M Health Care, Belimed Group, CISA Group, Matachana Group, CISA Group, and SAKURA SI CO., LTD.

Read Full Press Release: http://www.transparencymarketresearch.com/pressrelease/steam-autoclave-market.htm

Rising Number of Surgeries and Hospital-acquired Infections Stimulate Adoption of Steam Autoclaves in Healthcare Settings

The vast increase in the number of surgical procedures undertaken across the globe every year has played a major role in the increased consumption of steam autoclaves globally in the past few years. The Centers for Disease Control and Prevention states that in U.S. alone, nearly 46.5 mn surgeries and around 5 mn endoscopies are performed every year. In other regions as well, such as the developing parts of Asia Pacific, which are marked by large population bases and flourishing medical tourism industries, a massive rise in the number of surgical procedures has been seen in the past few years.

Compounding the need for effective sterilization mechanisms in healthcare settings in addition to abovementioned factor is the concern regarding rising prevalence of nosocomial infections across the globe. These factors, in addition to the rising focus on patient safety, will allow the global steam autoclave market gain traction in the next few years.

Technological Advancements to Fuel Market’s Growth

The market has witnessed the introduction of several technologically advanced and increasingly effective products such as E-beam and gamma irradiation, which are further boosting the market’s growth prospects. High product compatibility and low cost of these new products are expected to help the global steam autoclave market gain significant momentum over the forecasting horizon.

Download exclusive Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3997

However, the increased usage of disposable devices across healthcare settings, which are not meant to be reused and require little or no sanitization over their usable life, could emerge as a major restraint for the overall growth of the market. Moreover, the imposition of excise duty taxes on the manufacturers of medical devices is also expected to hamper the overall profitability of steam autoclaves for vendors, thus resulting in increased product prices. This factor could also have a negative impact on the market’s growth prospects, especially in cost-sensitive developing regions.

In terms of popularity of product varieties available in the market, including traditional steam autoclaves and tabletop steam autoclaves, the market is again highly consolidated. The segment of traditional autoclaves accounted for a share of over 91% in the market in 2015. The segment is also expected to expand at the highest CAGR of 5.8% over the period between 2016 and 2024. North America was the leading regional market in 2015, with nearly 40% share in the market in terms of revenue in 2015.

On a whole, the global autoclave market was worth US$1.57 bn in 2015. Expected to rise at a healthy 5.7% CAGR from 2016 to 2024, the market is projected to touch US$2.57 bn by 2024.

This review is based on a latest market intelligence report published by Transparency Market Research, titled “Steam Autoclave Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”

 

Rising Prevalence of Nosocomial Infections and Increased Number of Surgeries to Drive Adoption of Steam Autoclave Systems Globally

The vast rise in the number of surgical procedures undertaken globally, the huge surge in a variety of infections affecting humans, and the alarming rise in the occurrence of hospital-acquired infections has increased the focus on the critical need of effective sanitization practices and devices in healthcare environments. Steam autoclaves, which play a key role in the sterilization of surgical devices and healthcare waste in healthcare environments, are thus witnessing a significant rise in global demand.

In the intensely competitive and consolidated global market for steam autoclaves, emerging economies such as Latin America and Asia Pacific are emerging as the future growth destinations for companies struggling to gain sustainable returns. The market has demonstrated high growth opportunities for advanced product varieties based on novel technologies such as gamma irradiation and E-beam (electron beam) irradiation.

Read Full Press Release: http://www.transparencymarketresearch.com/pressrelease/steam-autoclave-market.htm

According to a recent market research report by Transparency Market Research, the opportunity in the global steam autoclave market was pegged at US$1.57 bn in 2015. Rising at a promising CAGR of 5.7% over the period between 2016 and 2024, the market is expected to reach US$2.57 bn by 2024.

Q. What role are developed economies playing in the development of the global steam autoclave market?

A. Developed economies across North America and Europe presently hold commanding positions in the market for steam autoclaves and play a key role in its overall development in terms of new product launches and technological advancements. North America alone accounted for a massive 40% of the global steam autoclave market in 2015, chief reason being the vast number of surgeries taking place in the region every year. Reports suggest that in the U.S. alone, nearly 45 mn surgeries take place annually on an average.

This significantly raises the concern and potential of prevalence of hospital-acquired infections, calling the intense need for effective sanitation practices across healthcare infrastructures in North America and Europe. Apart from this, the strict observance of many stringent rules with the aim of enhancing patient safety in healthcare premises is expected to influence the adoption of steam autoclaves in these regions at an encouraging pace in the next few years.

Download exclusive Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3997

Q. Are developed economies also expected to remain at the forefront of market’s future development?

A. Despite the dominance of North America and Europe, the steam autoclave market is expected to gain the most lucrative returns from emerging economies in regions such as Asia Pacific and Latin America in the next few years. The market for steam autoclave in Asia Pacific, especially, is expected to lead to vast growth opportunities for the global steam autoclave market owing to the increased focus on development of healthcare infrastructure across countries such as India, China, and South Korea. The market in Asia Pacific is also expected to outpace the markets across North America and Europe in terms of growth rate over the period between 2016 and 2024, exhibiting a nearly 8% CAGR.

Owing to this factor, many leading companies in the global steam autoclave market are venturing into the Asia Pacific market through mergers, acquisitions, and consolidation strategies with vendors native to the region or through establishment of operations and manufacturing facilities. Introduction of economic products could help vendors tap the vast untapped opportunities in the region with ease.

 

Rising Prevalence of Nosocomial Infections and Increased Number of Surgeries to Drive Adoption of Steam Autoclave Systems Globally, states TMR

Transparency Market Research suggests that the global steam autoclave market will expand at a healthy 5.7% CAGR over the period between 2016 and 2024. The market, which had a valuation of US$1.57 bn in 2015, is expected to rise to US$2.57 bn by 2024.

Steam Autoclave Market: Snapshot

The global steam autoclave market is extremely consolidated and intensely competitive. The presence of a very small number of companies commanding a vast share in the global market has rendered the market difficult to penetrate for new companies. Despite this fact, the market presents promising growth opportunities for companies introducing technologically advanced products, a trend evident from the high consumption of products based on E-beam and gamma irradiation technologies in the past few years.

Read Full Press Release: http://www.transparencymarketresearch.com/pressrelease/steam-autoclave-market.htm

The vast rise in the global demand for steam autoclaves in the past few years can be attributed to the increased prevalence of a number of infectious diseases, a huge surge in surgical procedures, and an alarming rise in the numbers of hospital-acquired infections. Rising demand for improving healthcare services across developing regional markets such as Asia Pacific, owing majorly to rising healthcare expenditures and an expanding base of geriatric population.

Developed Economies to Remain Dominant

North America emerged as the clear leader in the global steam autoclave market in 2015, accounting for a nearly 40% share in the market’s overall revenue. Estimates suggest that in U.S. alone in the region, nearly 5 million endoscopies and about 46.5 million surgeries are undertaken every year. The severity of hospital-acquired infections in the country can be estimated from the fact that nearly 8.3 patients out of every 1,000 patients admitted in New York state hospitals in 2012 acquired hospital-onset Clostridium difficile infections (CDI). The numbers are rising at an alarming pace.

These factors have collectively influenced the increased adoption of effective sanitization practices and devices in healthcare settings in North America. Strict rules aimed at enhanced safety of patients at healthcare facilities is also a major factor influencing the increased adoption of steam autoclaves in Europe, the second-largest steam autoclave regional market in 2015.

Download exclusive Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3997

Emerging Economies to Present Most Promising Growth Opportunities

The high prevalence of infectious diseases, a vast and alarmingly rising population base of geriatric people in Asia Pacific are expected to help the steam autoclave develop on a promising scale in the region in the next few years. The rising demand for high-quality healthcare services from the increasingly affluent consumer base will stimulate the improvement of healthcare infrastructure in countries such as India, China, and parts of Latin America, further driving the market.

The market for steam autoclave in Asia Pacific is expected to expand at the fastest CAGR of 7.9% CAGR from 2016 to 2024 among other key regional markets. The market in Latin America is expected to exhibit the second-largest CAGR of 6.9% over the same period.

Sales of Traditional Steam Autoclaves Continue to Rise

Of the two key varieties of steam autoclave systems available in the market – traditional steam autoclaves and tabletop steam autoclaves, the segment of traditional steam autoclave is presently leading the global market. The segment accounted for a share of over 91.7% in the global market in 2015 and is projected to expand at the highest CAGR over the forecasting horizon, maintaining its dominance in the near future as well.

Request For Discount On This Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=3997

The prominence of these product types can be attributed to their extensive usage in almost all major application areas such as pharmaceutical laboratories and medical devices. Additionally, traditional steam autoclaves are also considered highly efficient for sterilizing a large number of medical devices at the same time, making them more practical in large medical setups.

The top three companies, which accounted for a share of over 70% in the global steam autoclave market in 2015, are STERIS, Getinge Group, and Johnson & Johnson. Other prominent vendors in the market include 3M Health Care, Matachana Group, Belimed Group, CISA Group, CISA Group, and SAKURA SI CO., LTD.