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Sterilization Technology Market 2018 Projected To Grow Radiantly in Healthcare Industry with Market Scenario and Leading Players by 2023

Sterilization Technology Market 2018 Projected To Grow Radiantly in Healthcare Industry with Market Scenario and Leading Players by 2023

 

 
This report provides in-depth qualitative and overall analysis of the” Sterilization Technology Market” on a global and regional level from 2018 to 2023. The study also provides a comprehensive review of restraints, Market Dynamics, drivers and opportunities along with their impact on the overall market. The report segments the Industry and Key developments and strategies for key players.

Global Sterilization Technology Market - Overview

The sterilization processes traditionally been used for medical products which include steam, ethylene oxide, ionizing radiation, low-temperature steam and formaldehyde, and dry heat.

Medical device material is essential for an efficient radiation sterilization process. Radiation sterilization segment is a well-established technology. Sterilization is a special process and thus process validation is essential for its success. Unlike other methods of sterilization, this technology allows sterilization of the final packaged product. Thus, there is no need of an aseptic room for packaging sterilized products.

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Chemical process segment includes sub-segments based on the chemical agent used for sterilization namely hydrogen peroxide, ozone, chlorine dioxide and others. Physiochemical process include sterilization using plasma and steam.

The demand for sterilization technology is increasing worldwide. Moreover, increasing prevalence of chronic disease will increase the demand for surgical procedures thus favouring the growth of sterilization technology market. Patient safety is a major goal to be achieved by all healthcare providers. Hence, medical devices and equipment should be rendered safe by healthcare providers to avoid hospital acquired infections due to any diagnostic, therapeutic or surgical procedures carried out in the hospital. Furthermore, increasing awareness regarding access to safe and quality healthcare drives the market for sterilization technology as they are the most utilized equipment’s in all the specialty, multi-specialty and super-specialty hospital.

On the other hand, higher cost of sterilization equipment & devices may hamper the market growth during the forecast period. Moreover maintenance cost and replacement part of sterilization equipment may restraint the market growth for instance, thermal sterilizers continuously require steam, electricity, and water for operation, which directly in increases cost. Furthermore, stringent regulations may also hinder the market growth. For instance, regulations associated with gas sterilization i.e formaldehyde is one of the active agents used in gas sterilization and they are toxic, flammable, explosive, and carcinogenic in nature, and have the potential to cause severe health and environmental problems.

Top Players:

Advanced Sterilization Products Services Inc. (U.S.), Atec Pharmatechnik GmbH (Germany), Sterile Technologies Inc. (U.S.), Steris Plc (U.S.), 3M Company (U.S.).

Other players in this market are: Barry-Wehmiller Co. (U.S.), Beta Star Life Science Equipment Inc. (U.S.), Donaldson Co. Inc. (U.S.), Eaton Filtration LLC (U.S.), Fedegari Autoclavi SpA (Italy), Feldmeier Equipment Co. (U.S.).

Segmentation:

Global Sterilization Technology market is segmented on the basis of type of sterilization which includes Gamma Radiation, Electron Beam Radiation, Filtration, Ionizing Radiation, Thermal Sterilization and others types of sterilization, on the basis of processes used for sterilization the market is segmented into chemical, physicochemical, synergistic, physical and other processes. Chemical process includes sub-segments based on the chemical agent used for sterilization namely hydrogen peroxide, ozone, chlorine dioxide and others. Physiochemical process include sterilization using plasma and steam. Synergistic process incudes psoralens & UVA and low temperature steam & formaldehyde. Physical process include microwave and pulsed light system. End users of sterilization technologies include hospitals, pharmaceuticals, medical devices, cosmetics and other users.

Regional Analysis:

Globally, Sterilization Technology Market consists of four regions North America, Europe, Asia-Pacific and Middle East and Africa. North American market consists of countries like the U.S., Canada and Mexico. There is an increasing demand for sterilization technology throughout the globe due to concerns regarding safety of patients and avoiding infection to them. Moreover growing demand for surgical procedures increase the demand of sterilization technology favouring the growth of this market. North America is expected to be the largest market for sterilization technology due to its various applications in pharmaceuticals, growing need of sterilization technology, and presence of major market players. Europe is the second largest market for sterilization technology. Demand for technological advancement in sterilization technology is increasing which includes various sterilization systems and processes employed for sterilization. Asia-Pacific is expected to show fastest growth because of increase in prevalence of communicable disease and lifestyle changes leading to a rise in the number of surgeries. However, The Middle East and Africa has the lowest market for medical robotics because of limited development in medical field.

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Global Sterilization Technology Market – Company Analysis:

Advanced Sterilization Products Services Inc. (U.S.), Atec Pharmatechnik GmbH (Germany), Sterile Technologies Inc. (U.S.), Steris Plc (U.S.), 3M Company (U.S.), Barry-Wehmiller Co. (U.S.), Beta Star Life Science Equipment Inc. (U.S.), Donaldson Co. Inc. (U.S.), Eaton Filtration LLC (U.S.), Fedegari Autoclavi SpA (Italy), Feldmeier Equipment Co. (U.S.) are some of the prominent players at the forefront of competition in the Global Sterilization Technology Market and are profiled in MRFR Analysis.

Advanced Sterilization Products Services Inc. manufactures STERRAD Systems, CIDEX (Products for high-level disinfection) and EVOTECH (Endoscope Cleaner and Reprocessor (ECR)). Atec Pharmatechnik GmbH specializes in sterile processing technologies such as stopper processors, cleanroom lifts and transfer equipment, CIP/SIP stations, process vessels, bagging machinery, and formulation systems.

Sterile Technologies Inc. manufactures Ethylene Oxide, Emission Control system, Monitoring system, Propylene Oxide Sterilization system, Dry Heat Sterilizers, Steam sterilization system and Vacuum pump system.

November, 2016- New Donaldson Technology advanced for food and beverage process filtration by its revolutionary technique i.e. Life Tec filtration line. Donaldson’s new process filters are offered in a broad range of configurations for many applications and technological trend in the food and beverage industry, including sterilization and the downsizing of installation for equivalent performance.

TOC of Sterilization Technology Market:

1 Report Prologue

2 Market Introduction

2.1 Introduction

2.2 Scope of Study

2.3 Research Objective

2.4 Assumptions & Limitations

2.4.1 Assumptions

2.4.2 Limitations

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

4 Market Dynamics

4.1 Drivers

4.1.1 Increased Emphasis On Patient Safety

4.1.2 Increased Awareness About Sterilization Among Surgeons

4.2 Restraints

4.2.1 Number Of Competitors

5 Market Factor Analysis

TOC CONTINUED…

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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