Bolstered by the Technological Advancements and Increasing Refurbishment Activity in Medical Devices Sector, Global Sterilization Technologies Market is Projected to Surpass $12 Billion by 2024 – Market Report (2017-2024) by Industry Experts, Inc.
Wednesday 17 Oct 2018
Industry Experts, Inc. announced the publication of an updated 2018 version of the report "Sterilization Technologies – A Global Market Overview". Analysts at Industry Experts estimate that the Medical Devices applications accounted for more than half of the global market for Sterilization technologies in 2018 and the phenomenon is expected to continue through to 2024.
Growth in demand for sterilization equipment and techniques is expected to be driven by greater emphasis on refurbishing of medical devices as a means of curbing expenses. Another factor reinforcing demand is the technological advancements made in medical instruments such as endoscopes and analyzers, which have, in turn, contributed to an increasing requirement for advanced sterilizers and techniques that are compatible with these instruments.
Cornering an estimated market share of 38.1%, equating to US$3.2 billion, in 2018, North America leads the global Sterilization Technologies market and is expected to register a 2017-2024 CAGR of 6% to reach a projected US$4.6 billion by 2024. The global market for sterilization technologies in 2018 is estimated at US$8.5 billion.
The market for Sterilization technologies analyzed in this report comprise Filtration, Heat, Radiation and Chemical. Filtration is estimated the largest technology in the global Sterilization Technologies market, demand for which is also anticipated to register the fastest 2017-2024 CAGR of 6.9% and reach a projected US$8.4 billion by 2024. Sterilization Technologies’ applications market analyzed in this study include Medical Devices, Pharmaceuticals, Life Sciences and Other Applications (includes Food, Agriculture, Cosmetics, etc.).
This report reviews, analyzes and projects the Sterilization Technologies market
for global and the regional markets including the North America, Europe, Asia-Pacific and Rest of World for the period 2015-2024 in terms of value in USD. These regional markets further analyzed for 12 independent countries across North America – the United States and Canada; Europe – Germany, the United Kingdom, France and Spain; Asia-Pacific – Japan, China, India and Australia; and Rest of World – Brazil and South Africa. The market is analyzed in each region by key country, sterilization technology and major application.
This 346 page report on sterilization technologies market includes 196 charts (includes a data table and graphical representation for each table), supported with a meaningful and easy to understand graphical presentation, of the market. The statistical tables represent the data for the global market by geographic region, technology type and major application area. This study profiles 22 key global players and 37 major players across the North America – 24; Europe – 10; Asia-Pacific – 1; and Rest of World – 2. The report also provides the listing of the companies engaged in research & development, manufacturing, supply and provision of sterilization equipment, technologies and services. The global list of companies covers addresses, contact numbers and the website addresses of 127 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused business information provider.
For more details, please visit http://industry-experts.com/verticals/healthcare-and-pharma/sterilization-technologies-a-global-market-overview