Sterilization Technologies Market Examined in Topical Research Report by Industry Experts Available at MarketPublishers.com05 Feb 2015 • by Natalie Aster
LONDON – A rising number of medical institutions are turning to reprocessing of medical devices in order to reduce their expenses. As a result, the demand for sterilization equipment and techniques is also on the rise. Introduction of technological advancements in medical instruments contributed to the growth of the demand. Low temperature sterilizers are expected to dethrone steam sterilizers in the nearest future. At present, a wide range of sterilization technologies, including those based on vaporized hydrogen peroxide, ethylene oxide, ozone gas and hydrogen peroxide gas plasma, is available.
Filtration was the leading sterilization technology in 2014 with a value of USD 2.7 billion. Besides, it is expected to reach USD 3.1 billion by 2016. The medical devices represent the largest application area of sterilization techniques with a market value of USD 3 billion in 2014.
The world market for sterilization technologies is predicted to amount to USD 9.5 billion by 2020, showing a CAGR of 12%.
The US was dominating the market for sterilization technologies in 2014, holding 29% market share. The USA is a market leader, with Europe lagging behind. Its market share was over 28.9% (USD 1.4 billion) in 2014, while Europe held a share of 27% (USD 1.3 billion). The USA is expected to maintain this position in the years to come.
Topical market research report “Sterilization Technologies - A Global Market Overview” developed by Industry Experts provides key insights into the world market for sterilization technologies.
This comprehensive study discloses details on the market performance by geography. It also highlights sterilization applications and main sterilization technologies, including chemical, filtration and radiation technologies. Furthermore, the report comprises traces the latest market trends and delves deep into the competitive landscape, besides detailed profiles of major market participants. A market development forecast through 2020 can found in the research study as well.
Sterilization Technologies - A Global Market Overview
Published: January, 2015
Price: US$ 3,060.00
More topical reports by the publisher can be found at Industry Experts page.