According to a recent industry report by Fact.MR, a supplier of market research and competitive information, the global sterilization monitoring technologies market is expected to be worth US$ 638.8 million in 2023 and US$ 1.1 billion by the end of 2033.
All living things that can reproduce, such as bacteria, diseases, illnesses, fungi, and spores, can be eliminated with sterilization technologies. Hospitals, pharmaceutical and biotechnology firms, as well as research organisations, frequently utilise sterilization monitoring technologies. Sterilization techniques might be mechanical, biological, or chemical.
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Market Titans
- 3M Company
- Andersen Products, Inc.
- Bag Health Care GmbH
- Cantel Medical Corporation
- Cardinal Health, Inc.
- Excelsior Scientific
- Getinge AB
- Gke-Gmbh
- Hu-Friedy Mfg. Co., LLC
- Matachana Group
- Mesa Laboratories, Inc.
- PMS Healthcare Technologies Ltd.
- Propper Manufacturing Co., Inc.
- Steris PLC
- Terragene S.A.
Key Takeaways from Market Study
- Global sales of sterilization monitoring technologies are expected to rise at a CAGR of 6.5% from 2023 to 2033.
- Germany’s market for sterilization monitoring technologies is predicted to expand at a CAGR of 5% during the forecast period.
- Demand for sterilization monitoring technologies in China is expected to rise at an impressive CAGR of 6% over the decade.
- Sales of biological sterilization monitoring technologies are predicted to rise at a high CAGR of 7% through 2033.
Recent Market Developments
- STEMart introduced advanced sterility and microbial testing for sterile, non-pyrogenic medical equipment in June 2022.
- In June 2022, Berkshire Sterile Manufacturing unveiled an isolator for sterility testing, which it uses to conduct on-site sterility testing for its GMP samples. The business provides sterile filling of injectable medications, the majority of which are in clinical studies or have a modest commercial demand.
- Sterigenics upgraded its electron beam facility in Columbia City, Indiana, in May 2022. The Sterigenics Columbia City center offers valuable E-beam sterilization services to protect the safety of medicines and medical devices.
- In July 2020, the 3M unveiled the Attest Mini Auto-reader 490M, a 24-minute internal sterilization monitoring device. Dental sterilization can be facilitated by this technology.
The rising prevalence of hospital-acquired infections and increasing cases related to surgical procedures are some of the factors boosting sales growth. UTIs, pneumonia, meningitis, skin infections, and gastroenteritis are a few examples of infectious diseases that commonly occur in hospitals.
North America currently dominates the global sterilization monitoring technologies market due to the presence of key market players, the rising prevalence of infectious diseases, and the growing rate of the senior population. Europe’s sterilization monitoring technologies market is expected to increase at a healthy pace during the forecast period due to the rapidly developing pharma and biotech industry.
Industry Research Segmentation
- By Technology :
- Biological
- Chemical
- Mechanical
- By Product :
- Biological Indicators
- Chemical Indicators
- By Method :
- Steam Sterilization
- Ethylene Oxide Sterilization
- Hydrogen Peroxide Sterilization
- Formaldehyde Sterilization
- By Process :
- Pack Monitoring
- Load Monitoring
- Equipment/Process Monitoring
- Exposure Monitoring
- By End User :
- Hospitals
- Pharma & Biotech Companies
- Research & Academic Institutes
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report answers numerous pertinent questions, some of which are:
- What are some of the latent areas of investments in the market?
- Which region is expected to emerge as showing the most attractive growth rate during the forecast period and which factors will be crucial to its growth?
- What trends are likely to change the status quo of the positions held by leading players of the market in the not-so-distant future?
- Which product/service/technology segments holds game-changing potential to dramatically shape the competitive dynamic in the market?
- What are the strategies adopted by top players to retain their stronghold in the market?
- Which strategic moves will new entrants adopt to gain a strong foothold in the market?
- How businesses can respond, manage, and mitigate the risks?
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