The global sterilization technologies market was valued at $5,445 million in 2015, and is expected to grow at a CAGR of 5.8% from 2016 to 2022 to reach $8,578 million by 2022. Sterilization technologies are procedures designed to eliminate or kill all viable microbial life forms, including bacteria, fungi, viruses, and spore forms, from equipment, medications, pharmaceuticals, food, and biological culture medium. These technologies effectively sterilize a wide range of products developed from different materials with varying configurations, densities, and orientations. Sterilization is achieved by exposing the products and devices to physical or chemical agents, called sterilants, for a particular time period, including ionizing radiation, elevated temperatures, gases, and liquids. The success of a sterilization process is dependent on the choice of procedure adopted.
The sterilization technologies market growth is driven by the increase in demand for sterilization technologies across various industries, growth in hospital-acquired infections (HAI), and rise in number of surgeries and geriatric population. Asia-Pacific is expected to register substantial growth, owing to rise in demand for cleaner & safer products in emerging economies such as China and India. Increase in awareness about diseases and growth in population in these economies supplement the market growth. High cost of sterilization equipment and stringent regulations about use of harmful gases, such as ethylene oxide, restrict the market growth; however, technological advancements are expected to provide opportunities for growth and development of sterilization technologies.
The report segments the sterilization technologies market on the basis of type, end user, and geography. Based on type, it is divided into chemical & gas, filtration, ionizing radiation, and thermal sterilization. According to end user, it is classified into pharmaceuticals, medical devices, food & beverage, agriculture, cosmetic, and others, which include industrial processing, R&D, and restoration & salvage. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
In September 2013, Advanced Sterilization Products Division Ethicon U.S., LLC. launched STERRAD 100NX System with the new DUO cycle for sterilization of flexible endoscopes. This system delivers efficiency and sterility assurance.
Major players operating in this market are as follows:
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET TRENDS
By End User
(Companies mentioned above are not profiled in the report and can be profiled upon client request.)
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