The Medical Device Sterilization Market research report released by Data Bridge Market research provides the market segmentation based on type, market size, Product launches and applications. It identifies the global adoption of the products as one of the growth factors, driven by the availability of the product. The global research report gives the brief summary of the leading players operating in the market, their product offering, key developments, investments feasibility and returns. This report which is outcome of the ultimate dedication of industry experts, has an abundance of data that can profit anybody, regardless of their business or academic interest.
The report provides an in depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecast for various market segments and all geographic regions including North America, South America, Asia and Pacific Region, Middle east and Africa and Europe. The report also features the revenue; industry size, share, production volume, and consumption in order to gain insights about the politics and tussle of gaining control of a huge chunk of the market share.
The global medical device sterilization market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the global medical device sterilization market is growing with a CAGR of 8.3% in the forecast period of 2021 to 2028 and is expected to reach USD 7,665.99 million by 2028 from USD 4,102.43 million in 2020. The rising prevalence of chronic diseases and escalation in the number of surgeries are the major drivers which propelled the demand of the market in the forecast period.
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Competitive Landscape and Medical Device Sterilization Market Share Analysis
The medical device sterilization market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width, and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to the medical device sterilization market.
With the persuasive Medical Device Sterilization Market business report, it becomes easy to save and reduce time that would be otherwise required for entry-level research which mainly includes identifying the market growth, market size, leading players and segments in the Medical Device Sterilization Market. This market report gives explanation about the strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the industry. For this report, market analysts have studied the various products in the market and offered an even-handed opinion about the factors that are likely to drive the market or restrain it. Key market dynamics of the industry is the vital part about an all-inclusive Medical Device Sterilization Market research report.
Key Pointers Covered in Global Medical Device Sterilization Market Industry Trends and Forecast to 2028
- Market Size
- Top to Bottom Market Analysis
- Recent Developments for Market Competitors
- Recent Market Value for Different Countries
Medical Device Sterilization Market Scenario
According to Data Bridge Market Research, the market for medical device sterilization in the Asia-Pacific region has the highest market share in the global medical device sterilization market. Market leaders are STERIS, 3M, Merck KGaA, and Getinge AB, which account for an estimated market share of approximately 55% to 60%. The company has gained outstanding sales through providing medical device sterilization.
- In January 2021, STERIS announced that it had completed the acquisition of Cantel Medical. Through this acquisition, STERIS complement and extend its product and service offerings, global reach, and customers. This acquisition has increased the sales and demands of the product and boosted the growth.
- In February 2021, 3M has launched the 3M Clean & Protect Certified Badge Program. It is a new comprehensive system for cleaning, monitoring, and protecting facilities. This strategy is anticipated to strengthen the company’s footprints in the market and accelerate its growth trajectory, particularly in the long term.
- In October 2020, Getinge AB announced the launch of cost-efficient sterilization with Getinge’s new steam sterilizer Solsus 66. The new sterilizer is easy to use and install and is energy efficient. This product launch has broadened the product portfolio of the company and boosted the market growth.
- Getinge AB,
- Cardinal Health,
- Biobase Biodusty (Shandong), Co., Ltd.,
- Midmark Corporation,
- Merck KGaA,
- Dentsply Sirona,
- MATACHANA GROUP,
- W & H Dentalwerk Bürmoos GmbH,
- SciCan Ltd.,
- MELAG Medizintechnik GmbH & Co. KG,
- MMM Group,
- Sterigenics U.S., LLC,
- Steelco S.p.A.,
- Belimed AG,
- Systec GmbH
among others among other domestic and global players.
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Global Medical Device Sterilization Market, By Product (Instruments, Reagents, and Services), By Technology (Thermal Sterilization, Ionizing Radiation Sterilization, Filtration Sterilization, and Gas and Chemical Sterilization), By End-User (Pharmaceutical Companies, Hospitals, Clinics, Laboratories, Academic, and Research Institutes, Medical Device Manufacturers and Others), By Distribution Channel (Direct Tenders, Retail Sales and Third-Party Distributor) By Country (The U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Netherlands, Switzerland, Turkey, Belgium and Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific, South Africa, Saudi Arabia, UAE, Egypt, Israel and Rest of the Middle East and Africa, Brazil, Argentina and Rest of South America) Industry Trends and Forecast to 2028.
Sterilization refers to the statistically complete destruction of all microorganisms, inclusive of the most resistant bacteria and spores.
Sterilization destroys all microorganisms on the surface of an article or in a fluid to stave off disease transmission related to the usage of an item. At the same time, the use of insufficiently sterilized critical items indicates a high risk of transmitting pathogens. This is likely due to the broad margin of safety associated with the sterilization processes used in healthcare facilities. The different types of sterilizers used widely in healthcare facilities include steam sterilization, flash sterilization, low-temperature sterilization technologies, ethylene oxide “gas” sterilization, hydrogen peroxide gas plasma, peracetic acid sterilization.
The global medical device sterilization market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market.
Table of Contents-Snapshot
– Executive Summary
Chapter 1 Industry Overview
Chapter 2 Industry Competition by Manufacturers
Chapter 3 Industry Production Market Share by Regions
Chapter 4 Industry Consumption by Regions
Chapter 5 Industry Production, Revenue, Price Trend by Type
Chapter 6 Industry Analysis by Applications
Chapter 7 Company Profiles and Key Figures in Industry Business
Chapter 8 Industry Manufacturing Cost Analysis
Chapter 9 Marketing Channel, Distributors and Customers
Chapter 10 Market Dynamics
Chapter 11 Industry Forecast
Chapter 12 Research Findings and Conclusion
Chapter 13 Methodology and Data Source
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Global Medical Device Sterilization Market Scope and Market Size
The global medical device sterilization market is segmented on the basis of product, technology, end-user, and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the global medical device sterilization market is segmented into instruments, reagents, and services. In 2021, the instruments segment is expected to dominate the market due to the increasing prevalence of chronic diseases.
- On the basis of technology, the global medical device sterilization market is segmented into thermal sterilization, ionizing radiation sterilization, filtration sterilization, and gas & chemical sterilization. In 2021, the thermal sterilization segment is expected to dominate the market because of the escalating number of surgeries and increasing healthcare expenditure.
- On the basis of end-users, the global medical device sterilization market is segmented into pharmaceutical companies, hospitals, clinics, laboratories, academic and research institutes, medical device manufacturers, and others. In 2021, the hospital’s segment is expected to dominate the market because of the rising demand for sterilizers in the healthcare sector.
- On the basis of distribution channels, the global medical device sterilization market is segmented into direct tenders, retail sales, and third-party distributors. In 2021, the direct sales segment is expected to dominate the market because of the rising pool of the geriatric population.
Rising Healthcare Expenditure and High Prevalence of Hospital Acquired Infections (HAI’s) in the Global Medical Device Sterilization Market is Creating New Opportunities for Players in the Global Medical Device Sterilization Market
Global medical device sterilization market also provides you with detailed market analysis for every country growth in particular industry with the medical device sterilization market sales, impact of advancement in the global medical device sterilization market and changes in regulatory scenarios with their support for the medical device sterilization market. The data is available for historic period 2010 to 2018.
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