Global Market for Sterilization Technologies to Reach $9.5 billion by 2020
Monday 19 Jan 2015
Industry Experts has today unveiled the new market research report on Sterilization Technologies to their market research collection. As per the study titled 'Sterilization Technologies A Global Market Overview', global sterilization market is expected to touch US$5.3 billion 2015 and projected to touch US$9.5 billion in 2020, growing by a CAGR of 12% between 2014 and 2020.
Growing and aging global population has led to more and more surgeries being performed today than ever before. Therefore, maintaining patient safety assumes extreme criticality in the field of surgery and rules and regulations have to be in place for every aspect of the process for ensuring that errors are averted at all costs. As a consequence, disinfection and sterilization of surgical instruments becomes one area of crucial significance for upholding patient safety. This factor has a direct correlation with an increase in demand for sterilization equipment. Given the fact that every hospital and healthcare facility gives paramount importance to patient safety, sterilization techniques are most widely utilized for medical device applications.
This report reviews, analyses and projects the Sterilization technologies market for global and the regional markets including the United States, Europe, Asia-Pacific and Rest of World. Global market for sterilization technologies is projected to touch $9.5 billion by 2020 growing at a decent rate compounded annually at 12% for the period 2014-2020. The United States leads the global market with a share of 29% closely followed by Europe with 27%, during 2014-2020, converting to US$1.4 billion and 1.3 billion respectively in 2014.
Worldwide market for sterilization technologies explored in this study includes Chemical Sterilization, Heat Sterilization, Filtration Sterilization and Radiation Sterilization. The report also analyzes the market by application comprising Medical Devices, Pharmaceuticals, Life Sciences and Others. The global market for the above mentioned technologies and applications is analyzed in terms of USD. Filtration estimated the leading technology for sterilization in 2014 with US$2.7 billion and expected to touch US$3.1 billion 2015 while Medical Devices is the largest application area with market worth US$3 billion in 2014.
This 155 pages global market report includes 41 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of market numbers. This report profiles 16 key global players and 20 major players across the United States – 11; Europe – 4; Asia-Pacific – 2; and Rest of World - 3. The research also provides the listing of the companies that are engaged in technology development, equipment manufacturing and contract sterilization services. The global list of companies covers addresses, contact numbers and the website addresses of 107 companies.
Hyderabad, India based Industry Experts 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