BioMedical Waste Solutions, LLC., hospitals in the U.S. produce over 5.9 million tons of waste,
annually. Same source stated that hospital produce 33 lbs. of medical waste per day per staffed
bed. Furthermore, governments of various countries are focusing on investing in proper disposal
of medical waste and this is also expected to support growth of the steam autoclave market.
For instance, in 2012, the U.S. government invested around US$ 2.5 billion for proper disposal
of medical waste. Moreover, in 2015, the Government of Liberia, with the support of United
Nations Development Programme, installed equipment to sterilize and manage medical waste in
the hospitals of the country. Under this initiative, the government installed autoclaves valued at
US$ 35,000 at various hospitals.
Steam Autoclave Market – Restraint
Growth of the steam autoclave market is expected to be hindered by increasing use of
disposable products by healthcare settings and high cost of large capacity autoclaves used in
pharmaceutical industries and research laboratories.
Steam Autoclave Market - Regional Analysis
Regional segmentation of steam autoclave market by Coherent Market Insights, includes North
America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is
estimated to hold the dominant position in the global steam autoclave market followed by
Europe, owing to high incidence of hospital acquired diseases. According to article published in
Elsevier journal in year 2017, although there is a decrease in central line-associated bloodstream
infections from 2008 to 2013 in the U.S. hospitals, an estimated 30,100 central line-associated
bloodstream infections still occur in ICU and acute facilities wards in the U.S. each year.
Furthermore, stringent sterilization and disinfection guidelines for medical waste disposal by
regulatory bodies will increase number of autoclave installations by waste management agencies
in turn aiding in growth of the market in these regions. Asia Pacific is expected to be the
fastest growing region in the global steam autoclaves market over the forecast period due to
increasing surgery procedures coupled with medical tourism. The lower cost of surgeries in
countries like India and China attracts patients in turn enhancing surgery procedures in these
region.
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