San Jose, California (PRWEB) July 01, 2013
Follow us on LinkedIn – Increased emphasis placed on maintaining hygiene and cleanliness across medical and non-medical industries is helping drive growth of sterilization equipment and supplies. In the coming years, upgrades and replacements will continue to offer attractive opportunities for growth as hospitals begin responding to the need for maintaining sophisticated systems and equipment for disinfection. Sterilization equipment represents one of the most critical devices in a medical facility. The role of sterilization in healthcare is gaining prominence as a result of the increasing number of minimally invasive procedures. Also, in the coming years, a larger base of insured patients will translate into higher surgical procedures, thereby spurring sales of sterilization equipment and supplies. Stringent regulatory initiatives taken up by governments across the world to equip hospitals with essential sterilization standards is another major factor propelling hospital administrators to integrate infection control products, including sterilization equipment.
In addition to medical devices, sterilization is also a key element in the manufacturing industry. In the food industry, sterilization plays a vital role in all aspects of production, ranging from processing of foods (food irradiation and pascalization) to sterilization of prepackaged foods. With radiation sterilization obtaining FDA approval for processing different types of foods, such as poultry, vegetables, pork, and fresh fruits, the potential for gamma sterilization is expected to increase in the near future. Other industries that hold important growth potential for sterilization equipment include electronic components, brewing, sewage treatment, drinking water analysis, and clinical waste disposal.
The market is witnessing increasing popularity of alternative methods to steam sterilization, which has been used as the most economical and efficient sterilization technique for several decades. These include low-temperature and radiation sterilization. Low-temperature sterilization technique is one of most popularly used sterilization technique for medical devices. Quicker turnaround time and easy access to wrapped, sterile devices and instruments are the major benefits of this process. In radiation sterilization, gamma and electron beam (E-Beam) sterilization are the two popularly used techniques. Besides offering quick throughput and high intrinsic process safety, radiation sterilization helps in treating even dense packaging materials.
As stated by the new market research report on Sterilization Equipment and Supplies, the United States and Europe together account for a major share of the global market. Over the last few years these two major regional markets have shown signs of maturity with lower growth rates. Developing countries in Asia-Pacific and Latin America are currently positioned to act as major driving forces in the global market. Growth in these countries is led by aging population, growing awareness, improving consumer disposable income and per capita income and increasing number of surgeries. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 8.9% over the analysis period.
Major players covered in the report include Steris International, Getinge, 3M Company, Advanced Sterilization Products, Belimed AG, Cantel Medical Corp, Cardinal Health Inc., Nordion Inc., SteriGenics International Inc., Synergy Health, TSO3 Inc., and Tuttnauer Company, among others.
The research report titled "Sterilization Equipment and Supplies: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of the market, current trends, growth drivers, issues, major market players, mergers and acquisitions, and other strategic industry activities. Market estimates and projections are provided in US$ for all major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America), and the Middle East & Africa. Product markets analyzed include Filtration Sterilization, Heat Sterilization, Chemical Sterilization, and Radiation Sterilization.
For more details about this comprehensive research report, please visit: http://www.strategyr.com/Sterilization_Equipment_and_Supplies_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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