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Sterilization Equipment Market size crossed USD 6 billion in 2018 and is projected to achieve over 7% CAGR up to 2025.
Sterilization is a method of eradicating biological agents that specifically include transmissible agents such as spore forms, fungi, unicellular eukaryotic organisms, fluids and bacteria among others. Sterilization is a beneficial procedure in the medical industry with sterility and efficacy of the sterilization equipment as a major factor. Numerous health issues over utilization of unsterilized equipment create public health concerns and lethalhepatitis, that emphasize the necessity for effective infection control. Thus, sterilization equipment is considered as the most essential part of the health care setting. Moreover, widespread incidence of Ebola virus has emphasized on the proper administration of medical facilities and crucial need of hygienic environment.
Report Attribute | Details |
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Base Year: | 2018 |
Sterilization Equipment Market Size in 2018: | 6 Billion (USD) |
Forecast Period: | 2019 to 2025 |
Forecast Period 2019 to 2025 CAGR: | 7% |
2025 Value Projection: | 9.9 Billion (USD) |
Historical Data for: | 2014 to 2018 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 156 |
Segments covered: | Product type, End-use and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The history of sterilization equipment market can be tracked back to late 1860s, when a French chemist, Louis Pasteur, proved that bacteria were a cause of disease in humans and animals. He also developed the process of pasteurization that uses heat to kill microorganisms in milk. Later in 1940s, Joseph Lister, an English surgeon, developed an antiseptic technique for performing surgery. The use of surgical gowns, caps, masks, and gloves became routine in the 1960s to avoid any further contamination. Furthermore, from 2000s surge in the number of hospital-acquired infections stimulated the sterilization equipment demand. In addition, the accelerating number of surgeries in developing countries coupled with developing healthcare infrastructure support the business growth over coming years.