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Sterilization Equipment and Supplies: A Global Strategic Business Report

Global sterilization equipment market: $5.3 billion industry by 2018

The global Sterilization Equipment market is forecast to reach US$5.3 billion by 2018, driven by growing concerns over the spread of infections, technology developments, and robust demand from developing countries.

In addition to medical devices, sterilization is also a key element in the manufacturing industry. In the food industry, sterilization plays a vital role in all aspects of production, ranging from processing of foods (food irradiation and pascalization) to sterilization of prepackaged foods. With radiation sterilization obtaining FDA approval for processing different types of foods, such as poultry, vegetables, pork, and fresh fruits, the potential for gamma sterilization is expected to increase in the near future. Other industries that hold important growth potential for sterilization equipment include electronic components, brewing, sewage treatment, drinking water analysis, and clinical waste disposal.

The market is witnessing increasing popularity of alternative methods to steam sterilization, which has been used as the most economical and efficient sterilization technique for several decades. These include low-temperature and radiation sterilization. Low-temperature sterilization technique is one of most popularly used sterilization technique for medical devices. Quicker turnaround time and easy access to wrapped, sterile devices and instruments are the major benefits of this process. In radiation sterilization, gamma and electron beam (E-Beam) sterilization are the two popularly used techniques. Besides offering quick throughput and high intrinsic process safety, radiation sterilization helps in treating even dense packaging materials.

The United States and Europe together account for a major share of the global market. Over the last few years these two major regional markets have shown signs of maturity with lower growth rates. Developing countries in Asia-Pacific and Latin America are currently positioned to act as major driving forces in the global market. Growth in these countries is led by aging population, growing awareness, improving consumer disposable income and per capita income and increasing number of surgeries. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 8.9% over the analysis period. Global Industry Analysts ©

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