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Global Sterilization Market Worth $4.2 Billion by 2017
By: PR Newswire
Dec. 13, 2012 05:31 AM
DALLAS, December 13, 2012 /PRNewswire/ --
The report "Sterilization Market [ETO Sterilization, E-Beam, Gamma, Steam, Vapor Hydrogen Peroxide (VHP), Hydrogen Gas Plasma, Ozone] (Medical Devices, Pharmaceutical, Healthcare, Food Applications), Equipments & Contract Services - Global Forecast To 2017" analyzes and studies the major market drivers, restraints and opportunities in North America, Europe, Asia, and Rest of the World (RoW).
Browse market data tables and figures spread through pages and in-depth TOC on "Sterilization Market [ETO Sterilization, E-Beam, Gamma, Steam, Vapor Hydrogen Peroxide (VHP), Hydrogen Gas Plasma, Ozone] (Medical Devices, Pharmaceutical, Healthcare, Food Applications), Equipments & Contract Services - Global Forecast To 2017".
This report studies the global sterilization market over the forecast period of 2012 to 2017.
Sterilization is an imperative component of infection-control procedures. This market has dynamically improved from moist sterilization (steam) to the progressive ethylene oxide (EtO), gamma radiation and low temperature gas plasma sterilization, and finally to recent technologies like NO2-based sterilization.
The report focuses on various sterilization technologies like heat, chemical, radiation and filtration. The report also studies the sterilization services market, which includes healthcare solutions, hospital sterilization services, and applied sterilization technologies. The sterilization applications market includes medical devices, pharmaceuticals, life sciences, food and cosmetics. The global sterilization market is valued at $3.1 billion in 2012 and is estimated to reach $4.2 billion by 2017 at a CAGR of 6.1%.
With an increase in aging populations and demand for healthcare services, change in healthcare reimbursement policies is pushing sterilization providers to improve their operations by providing high-quality service at lower costs. These factors are expected to propel the growth of this market.
With the introduction of technically enhanced instruments in the market like endoscopes and analyzers, there has been an increased need for advanced sterilizers that are compatible with the same. This has brought about a drastic shift from steam sterilizers to low temperature sterilizers with its wide range of technologies such as ethylene oxide (ETO), vaporized hydrogen peroxide (VHP), hydrogen peroxide gas plasma, and ozone gas-based sterilization.
U.S. and Europe are the major markets for sterilization, as a majority of the market leaders are based in these regions. Yet, the Asian market is expected to display favorable growth in the coming years, primarily due to a rise in awareness, growth of aging population, increase in number of surgeries, and growth in per capita income.
The major players in this market are Getinge (Sweden), Steris (U.S.), Sterigenics (U.S.), Sakura (Japan), 3M (U.S.), Cantel Medical (U.S.), and Advanced Sterilization Product (U.S.).
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
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