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Global Sterilization Technologies Market grow at a CAGR of 5.8% during the forecast period. Technological advancements to provide potential growth & opportunity.
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Sterilization Technologies Market by Type (Ethylene Oxide, Formaldehyde, Filtration, Gamma Radiation, Electron Beam Radiation, Thermal, and Others) and End User (Pharmaceuticals, Medical Devices, Food & Beverage, Agriculture, Cosmetic, Manufacturing and Others) - Global Opportunity Analysis and Industry Forecast, 2014-2022
Introduction: Sterilization technologies market was valued at $5,768 million in 2015, and is expected to reach $8,578 million by 2022, growing at a CAGR of 5.8% from 2016 to 2022. Sterilization technologies are processes used to eliminate all viable life forms including bacteria, prions, viruses, fungi, and spore forms from surfaces of equipment, pharmaceuticals, medications, food ingredients, and biological culture medium. The diversity of sterilization procedures and operating systems has arisen as a result of efforts taken to optimize sterilization to meet varying needs imposed by a wide range of products in different industries. Majority of products in the healthcare facilities and medical device industry are terminally sterilized. Industrial sterilization processes are affected by multiple factors that cannot be controlled absolutely such as number of initial organisms, temperature regulation in every part of equipment, and intrinsic viability of individual microorganism to resist heat.
Segment Review The sterilization technologies market is segmented on the basis of type, end user, and geography. Based on type, it is categorized into chemical & gas, filtration, ionizing radiation, and thermal sterilization. According to end user, it is divided into pharmaceuticals, medical devices, food & beverage, agriculture, cosmetic, manufacturing and others (industrial processing, R&D, and restoration & salvage). Geographically, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Global increase in economic growth rate is expected to increase the government support for sterilization technologies with an aim to prevent infections.
Key Factors: • Key leading players operating in this market include Advanced Sterilization Products Services Inc. (U.S.), AtecPharmatechnik GmbH (Germany), Belimed AG (U.S.), Getinge Group (Sweden), Nordion (Canada) Inc. (Canada), Noxilizer, Inc. (U.S.), Sterile Technologies Inc. (U.S.), Steris Plc (U.S.), The 3M Company (U.S.), and TSO3 Inc. (Canada). • Other key market players in the value chain (not profiled in the report) include Cantel Medical Corp. (U.S.), Koch Membrane Systems, Inc. (U.S.), Meissner Filtration Products, Inc. (U.S.), Pall Corp. (U.S.), Sartorius Corp. (Germany), JBT Group (U.S.), Allpax Products Inc. (U.S.), API Heat Transfer Inc. (U.S.), Avure Technologies, Inc. (U.S.), Barry-Wehmiller Co. (U.S.), Beta Star Life Science Equipment, Inc. (U.S.)
Key Benefits for Stakeholders: • This report provides a quantitative and qualitative analysis of the current trends and future estimations, through 2014-2022, which assist in identifying the prevailing market opportunities in different product and application segments. • Market trends of major countries in each region are mapped according to market revenue. • Top investment pockets are provided to highlight the opportunities in the most lucrative product segment. • Factors that drive and restrict the growth of the sterilization technologies market are provided. • An in-depth analysis of different regulations within the market is provided.
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