patient volumes, growing number of public and private hospitals, and rising number of
medical procedures would fuel segment growth.
Browse key industry insights from the report “Sterilization Equipment Market Size,
Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy,
Spain, Russia, China, India, Japan, Australia, Brazil, Mexico, South Africa, Saudi Arabia,
Egypt, UAE, Qatar), Application Development Potential, Price Trends, Competitive
Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/sterilization-equipment-market
U.S. sterilization equipment market is slated to witness lucrative growth over the
forecast period due to growing prevalence of hospital acquired infections. As per CDC
statistics, about one out of every 25 individuals admitted in hospitals contracts at least
one infection during the course of care. Increasing number of surgical procedures is
leading to an increase in demand. Various programs are being implemented for curbing
hospital acquired diseases leading to a higher demand for these products. For instance,
U.S. Department of Health and Human Services has set up a national action plan to
prevent healthcare associated infections.
India sterilization equipment market is poised to grow at a robust rate over the forecast
timeframe owing to the presence of high burden of nosocomial infections as a result of
improper sanitation practices. Presence of large population base, increasing number of
surgical procedures and growing awareness pertaining to prevention of infections
through proper sanitation should fuel industry growth. The country is witnessing an
improvement in the healthcare infrastructure with rise in number of hospitals and
increasing healthcare expenditures. Furthermore, infection control committees are
being bestowed with greater power and authority. Impetus is being laid on disinfection
and sanitation through various bodies such as GARP.
Prominent industry players include Steris, Getinge Group, 3M, and Cantel Medical. The
industry participants resort to various strategies such as acquisition and new product
development in order to increase their industry foothold. For instance, in November
2015, Steris acquired Synergy health. The move has broadened the company’s infection
prevention product portfolio. In January 2017, Advanced Sterilization Products
(Johnson & Johnson) launched STERRAD 100 NX low temperature sterilization system.
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