The research report “Sterilization Technologies Market By Type of Sterilization (Ethylene Oxide, Ionizing Radiation, Filtration, Thermal Sterilization and Others), By Process (Chemical Process, Physicochemical, Synergetic Processes and Physical Processes), End User (Pharmaceutical Industry, Hospitals & Clinics, Medical Device Manufacturers and Others) and Geography- Global/Region/Country Forecast to 2027.”
Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on ” Sterilization Technologies Market By Type of Sterilization (Ethylene Oxide, Ionizing Radiation, Filtration, Thermal Sterilization and Others), By Process (Chemical Process, Physicochemical, Synergetic Processes and Physical Processes), End User (Pharmaceutical Industry, Hospitals & Clinics, Medical Device Manufacturers and Others) and Geography- Global/Region/Country Forecast to 2027″,
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Growing number of Hospital-Acquired Infection will foster the Sterilization Technologies Market growth
The Global Sterilization Technologies Market is experiencing huge growth owing to the factors such as huge expansion of processed food and beverage market, growing aged population and growing demand from cosmetic and medical industries for sterilization technologies and growing count of hospital-acquired infections. It has been projected that E-beam and gamma Sterilization will increase the huge opportunities for the market. There are a few restraints that affect the market growth such as high price of sterilization devices and equipment and restrictions associated with harmful gases.
It has been observed that the global sterilization technologies market is experiencing high growth rate due to the growing count of hospital-acquired infection. Every year, almost million of patients are suffering from healthcare-related infections according to the World Health Organization. Sterilization and disinfection play crucial role for surgical and medical instruments and even create several opportunities for medical devices, which penetrate medications and body sites and consequently enhancing the sterilization technologies market growth.
North America witnessed the huge market revenue share in the Global Sterilization Technologies Market
North America recorded huge growth rate that is approximately 40.1% in the sterilization technologies market and is projected to grow during the forecast period 2021-2027. Factors such as growing cases of chronic illnesses and increasing hospital admit cases for surgery are anticipated to drive the growth of the sterilization technologies market. Asia Pacific comes on second place in terms of growth because of increasing awareness about illnesses, several emerging industry players and improvement in healthcare infrastructure in the region.
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Competitive Assessment
Major Key players operating in Sterilization Technologies Market include Advanced Sterilization Products Services Inc. (U.S.), Atec Pharmatechnik GmbH (Germany), Belimed AG (U.S.), Getinge Group (Sweden), Nordion (Canada) Inc., Noxilizer, Inc. (U.S.), Sterile Technologies Inc. (U.S.), Steris Plc (U.S.), The 3M Company (U.S.) and TSO3 Inc. (Canada). Market players have followed the strategic collaboration and attainment to increase product portfolio and strengthen their place in the market for enhancing the company revenue. Fortive Corporation made a binding offer with Johnson’s and Johnson’s to obtain Advanced Sterilization Products Services Inc. in June 2018. 3m acquired the ownership interests of Elution Technologies LLC in September 2017, which develops test kits to identify the food allergens in both food and beverages. Manufacturers, policy makers, suppliers, service providers and marketers are the key stakeholder of the Global Sterilization Technologies Market Report.
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