(EMAILWIRE.COM, January 12, 2019 ) The global sterilization monitoring market is projected to reach USD 631.0 Million by 2022, at a CAGR of 7.5% in forecast period (20172022). 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.
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Sterilization monitoring market report covers across four major geographies, namely, North America, Europe, Asia-Pacific, & Rest of the World (RoW). The high growth of this regional segment can be attributed to growth in per capita income, increasing number of hospitals, growth in geriatric population, increase in the number of surgical procedures, and growth in the pharmaceutical and medical devices industry.
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.
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.
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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.
3 Sterilization Monitoring Market: Executive Summary
4 Sterilization Monitoring Market: Premium Insights
4.1 Sterilization Monitoring: Market Overview
4.2 Geographic Analysis: Market, By Method of Sterilization (2016)
4.3 Market Size, By Technology, 2017 vs 2022 (USD Million)
4.4 Market, By Process (2017 vs 2022)
4.5 Geographical Snapshot of the Market for sterilization monitoring
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Incidence of Hospital-Acquired Infections
5.2.1.2 Increasing Number of Surgical Procedures
5.2.1.3 Technological Advancements in Sterilization Monitoring Products
5.2.1.4 Rising Focus on Food Sterilization
5.2.2 Restraints
5.2.2.1 Lack of Awareness on Sterilization Monitoring
5.2.2.2 Dearth of Skilled Professionals
5.2.3 Opportunities
5.2.3.1 Increasing Mergers & Acquisitions
5.2.3.2 High Growth Opportunities in Emerging Countries
5.2.3.2.1 Growing Number of Hospitals
5.2.3.2.2 Growing Pharmaceutical and Biotechnology Industry
5.2.4 Challenge
5.2.4.1 End User Noncompliance to Sterilization Standards
5.3 Industry Trends
5.3.1 Hospital Consolidation in Developed Regions
5.4 Regulatory Scenario
5.4.1 Regulatory Analysis
5.4.1.1 North America
5.4.1.2 Europe
5.4.1.3 Asia-Pacific
5.4.1.3.1 Japan
5.4.1.3.2 China
5.4.1.3.3 India
More Information Sterilization Monitoring Market by Technology (Biological, Chemical), Product (Self-contained Vials, Integrating, Emulating & Bowie-dick Indicators), Method (Steam, EtO), Process (Pack, Load), End User (Hospitals, Pharma Companies) – Global Forecast to 2022 report at http://www.whatech.com/market-research/medical/543293-sterilization-monitoring-market-worth-us-631-million-by-2024-detailed-in-new-research-report .
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).
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms in garnering greater market shares. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.
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