Sterilization Equipment and Disinfectants Market to Report Strong CAGR of 8.5% to reach US$ 9,153.9 Million by 2019

Sterilization equipment and disinfectants are essential in healthcare for procedures and providing protection and elimination of harmful bacteria, viruses and fungi. The sterilization equipment and disinfectants are used in hospitals, laboratories and clinics. Sterilizing equipment is used for sterilization of medical equipment and devices and disinfectants are used to disinfect medical devices and equipment for further use.The spread and increase in hospital acquired infections has led to medical professionals adapting stringent procedures for prevention by using sterilization equipment and disinfectants.

Latest studies indicate a rise in the demand for sterilization equipment and disinfectants. Forecasts predict an expansion of 8.5% CAGR from 2013 to 2019, leading the market to reach a projected value of US$9,153.9 million in 2019.

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There are many growth factors that drive the global sterilization equipment and disinfectants market. Increased cases of hospital acquired infections has led to medical professionals introducing stringent rules for use of medical equipment. This has led to increased use of sterilization equipment and disinfectants. Geriatric population increase, upsurge in number of surgeries, increased incidence of diseases such as cancer and tuberculosis, and increase in spending for healthcare expenses, and introduction of newer technologies are among the main market drivers for sterilization equipment and disinfectants. Market restrainers for sterilization equipment and disinfectants are: strict government regulations, safety concerns, heavy excise duties on manufacturers of medical equipment, and shift toward the use of disposable medical devices.

Heat Sterilization and Low Temperature Sterilization Leads the Sterilization Market 

The market for sterilization equipment and disinfectants can be classed into several segments and sub segments. By products, the market for sterilization equipment is composed of heat sterilization Heat sterilization market had the largest share globally and is set to expand at a robust CAGR of 8.5% till 2019. This method of sterilization is considered easy to use in comparison to other methods.

Heat sterilization is divided into autoclave and hot air oven. The autoclave segment is further subdivided by product which includes traditional autoclave and tabletop autoclave. Other segments are low temperature sterilization equipment which has been further segmented by technology segments. Radiation sterilization includes technology segments such as Gamma sterilization and E-Beam. Technological innovations in Gamma and E-Beam is expected to expand due to low costs and high product compatibility. Each of the segments are classified into sub segments related to the disinfection and sterilization processes.

U.S. Leads the Market; Asia Pacific Forecast as Fastest Growing Geographical Segment Due to Increase in Infectious Diseases 

Geographical segments within the sterilization equipment and disinfectants market include North America, Europe, Asia Pacific and Rest of the World (Row). North America led the market for sterilization equipment and disinfectants in 2012 with 40% of the total market share.  This is due to the need for non-disposable medical equipment such as distractors, forceps and endoscopy devices. Additionally increases in occurrences of hospital acquired infections in this region has led to market expansion.  Asia Pacific is a rapidly growing market according to the forecast due to the occurrences of several infectious diseases, and increased population growth.

The major players in the market for sterilization equipment and disinfectants are Getting’s Group, Synergy Health Plc., and 3M Company among others.

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