Sterilization Monitoring Market to Grow at 7.5% CAGR and Reaching to US$ 631 Million Revenue to 2022
New report on sterilization monitoring market dominated by biological monitoring, chemical monitoring, and mechanical monitoring. Biological monitoring segment expected to account for largest share of market.
The global sterilization monitoring market is projected to reach USD 631.0 Million by 2022, at a CAGR of 7.5% in forecast period (2017–2022). sterilization monitoring market report covers across four major geographies, namely, North America, Europe, Asia-Pacific, & Rest of the World (RoW).
High growth of sterilization monitoring market regional segment can be attributed to growth in per capita income, increasing number of hospitals, growth in geriatric population, increase in number of surgical procedures, & growth in pharmaceutical and medical devices industry.
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Factors like rising incidence of hospital-acquired infections, increasing number of surgical procedures coupled with the rising geriatric population & chronic disease incidence, technological advancements in sterilization monitoring products, & rising focus on food sterilization are major factors driving growth of this market.
Factors like efficacy of biological indicators to monitor sterilization processes by killing microorganisms directly as compared to other sterilization monitoring techniques and increasing preference for BIs by various healthcare organizations to monitor sterilization processes are expected to drive growth of this technology.
Sterilization Monitoring Market, By End User
3 Pharmaceutical, Biotechnology, and Medical Device Companies
4 Research and Academic Institutes
5 Food & Beverage Industry
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Major players in sterilization monitoring market include 3M Company (U.S.), Getinge Group (Sweden), Cantel Medical Corp. (U.S.), STERIS plc (U.S.), Cardinal Health, Inc. (U.S.), Mesa Laboratories, Inc. (U.S.), Propper Manufacturing Co. Inc. (U.S.), PMS Healthcare Technologies (Turkey), Hu-Friedy Mfg. Co., LLC (U.S.), and gke-GmbH (Germany).
1 Rising Incidence of Hospital-Acquired Infections
2 Increasing Number of Surgical Procedures
3 Technological Advancements in Sterilization Monitoring Products
4 Rising Focus on Food Sterilization
Geographically, sterilization monitoring market segmented into North America, Europe, Asia-Pacific, and RoW. Among the four geographic regions, North America estimated to command largest share of sterilization monitoring market in 2017, followed by Europe & Asia-Pacific. Emerging markets, including India & China, have become attractive destinations for companies engaged in development & marketing of sterilization monitoring products.
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North America expected to account for largest share of global market in 2017, followed by Europe & Asia-Pacific. The food service packaging market has been segmented into three types, namely, flexible, paper & paperboard, and rigid. Flexible segment led demand for packaging in food service packaging in 2016 and is projected to grow at highest CAGR from 2017to 2022.
Reasons to Purchase this Report
- Market Penetration: Comprehensive information on product portfolios offered by the major players in the sterilization monitoring market. The report analyzes the sterilization monitoring market based on technology, product, method of sterilization, process, end user, and region
- Product Development/Innovation: Detailed insights on the upcoming technologies, research and development activities, and product launches in the sterilization monitoring market
- Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various sterilization monitoring across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the sterilization monitoring market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of leading players in the sterilization monitoring market
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