Healthcare Industry Sterilization Technologies Market Insights, 2019 | Page 2
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growth. Government regulations that require medical instruments to be made infection free after every use are also conducive to industry growth.
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Hexa Research, Inc. observes that the filter sterilization market segment, which includes
equipment and consumables, is likely to grow at a CAGR of 9.4% from 2013 to 2019. The
liquid filtration market segment is anticipated to grow at a CAGR of 11.1% and heat
sterilization technologies at a CAGR of 3.5% in the same period. The liquid filtration
segment fetched revenues close to $1.12 billion in 2010 which rose to arou nd $1.4 billion
in 2011. Sales of heat sterilization technologies stood at $1.09 billion in 2011.
North America dominated the global sterilization technologies market in 2015 while
Europe was in second position. North America is expected to retain its indu stry leadership
in the coming years. China, India and Japan are expected to be the key growth drivers in
the Asia Pacific region. Proliferation in the number of hospitals and sterilization processes,
and growth of the pharmaceutical sector are some of the factors that will augment
demand for sterilization technologies in these countries.
Key market participants of the global sterilization technologies industry include Roche,
Pfizer, Belimed AG, bioMerieux and Becton Dickinson, among others.
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