Tuesday, 25 February 2014

Global Sterilization Equipment Market is expected to worth $4.2 Billion by 2017

Sterilization refers to the process of killing or removing all forms of microbial transmissible agents like fungi, bacteria, viruses, spore forms, etc. present on a surface, in a fluid, or on any medical apparatus. The process of sterilization is achieved by applying heat, radiation, chemicals, high pressure, or combinations thereof. Sterilization process finds various applications in food industry, medicine and surgery. Until recently, the most advanced sterilization methods were found only in hospitals. Nowadays there is a growing demand for more sophisticated sterilization technologies in veterinary, dental and private clinics, tattoo parlors and beauty salons.


                                     Source: http://www.prestige-dental-care.com.my/

According to a new market research report by MarketsandMarkets, the global sterilization market is valued at $3.1 billion in 2012 and is estimated to reach $4.2 billion by 2017 at a CAGR of 6.1%. The report analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia, and Rest of the World. The report provides the detailed analysis and forecast of the global sterilization market from 2012 to 2017. According to the report the major players in this market are Getinge (Sweden), Steris (U.S.), Sterigenics (U.S.), Sakura (Japan), 3M (U.S.), Cantel Medical (U.S.), and Advanced Sterilization Product (U.S.).

Sterilization is one the most effective component of infection-control procedures. The sterilization market has dynamically improved from moist sterilization (steam) to the progressive ethylene oxide (EtO), gamma radiation and low temperature gas plasma sterilization, and now to recent technologies like NO2-based sterilization. The main factors for the growth in sterilization market are increasing demand for healthcare services and change in healthcare reimbursement policies. U.S. and Europe are the major markets for sterilization. But, the Asian market is also expected to display favorable growth in the coming 5 years, primarily due to rise in awareness, growth of aging population, increase in number of surgeries, and growth in per capita income.


                                              Source: http://www.moravek.co.uk/

The report focuses on various sterilization technologies like heat, chemical, radiation and filtration. It also studies the sterilization services market, including healthcare solutions, hospital sterilization services, and applied sterilization technologies. With the introduction of technically enhanced instruments in the market like endoscopes and analyzers, there has been an increased need for advanced sterilizers that are compatible with the same. This has brought about a drastic shift from steam sterilizers to low temperature sterilizers with its wide range of technologies such as ethylene oxide (EtO), vaporized hydrogen peroxide (VHP), hydrogen peroxide gas plasma, and ozone gas based sterilization.

The report can be referred here:
http://www.marketsandmarkets.com/Market-Reports/sterilization-equipment-services-market-642.html