Impact of Covid19 on Sterilization Equipment Market, Future Growth 2020-2027 | CAGR of 6.8% | 3M, Belimed, Cantel Medical, etc
: New York, United States, 15-July-2020, (Via WiredRelease), (Reports and Data) – According to the current analysis of Reports and Data, the global Sterilization Equipment Market was valued at USD 7854.7 Million in 2018 and is expected to reach USD 13337.1 Million by the year 2026, at a CAGR of 6.8%. Sterilization equipment is used to destroy microbial growth, particularly on medical instruments and equipment & materials in the food industry. Different methods include dry heat, gases, vapors and liquids, radiation, and steam. Heat sensitive items are sterilized by using vapors and liquids, whereas, for items with high heat resistance, the dry heat can be used. Gases are used for plastics, and steam method is used for glass and stainless steel. To ensure the effectiveness of sterilizing, mechanical, chemical, or biological monitors are generally used.
Sterilization is crucial for the entire removal of all microbes (including spore-forming and non-sporeforming bacteria, fungi, viruses, and protozoa) that may contaminate medicinal drugs or alternative substances and thereby represent health hazards. Since the attainment of absolute state of sterility can’t be exhibited, the sterility of the pharmaceutical preparation can be outlined in terms of chance. The efficacy of a process of sterilizing depends on the nature of the product, the type and extent of any contamination, and the conditions under which the final product has been prepared. The requirements for good manufacturing practice should be observed throughout all stages of manufacture and disinfection.
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In May 2019, the U.S. Food and Drug Administration (FDA), in the event of sterilization issue announced recalling of Ketorolac Tromethamine Injection 60 mg/2 mL, which is produced by Zydus and supplied by Sagent. During a routine manufacturing inspection, microbial growth was detected in the injection. Such incidents give rise to concerns, and thus are given prime importance and are ensured by bodies like FDA, WHO (World Health Organization) and Centre for Disease Control and Prevention.
Key participants include
STERIS Corporation, Getinge Group, Advanced Sterilization Products Services, 3M; Belimed; Cantel Medical; and MATACHANA GROUP among others.
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For the purpose of this report, Reports and Data have segmented into the global Sterilization Equipment market on the basis of type, propellants, application, and region:
Product and Service Outlook (Revenue in Million USD; 2016–2026)
Sterilization Instrument Heat/High-temperature Sterilization Equipment Moist Heat/Steam Sterilization Equipment Dry Heat Sterilization Low-temperature Sterilization Ethylene Oxide Sterilization Vaporized Hydrogen Peroxide Sterilization Hydrogen Peroxide Gas Plasma Sterilization Ozone-based Medical Sterilization Other Low-temperature Sterilization Filtration Sterilization Ionizing Radiation Sterilization E-beam Radiation Sterilization Gamma Sterilization Sterilization Services Ethylene Oxide Sterilization Services Gamma Sterilization Services E-beam Sterilization Services Steam Sterilization Services Other Sterilization Services Sterilization Accessories
End User Outlook (Revenue in Million USD; 2016–2026)
Pharmaceutical Companies Hospitals & Clinics Medical Device Companies Food & Beverage Industry Other End Users
Regional Outlook (Revenue, USD Million; 2017-2027)
North America S Europe K France Asia Pacific China India Japan MEA Latin America Brazil
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Key aspects of the Sterilization Equipment Market Report:
The report comprises of Sterilization Equipment market overview, market share, demand and supply ratio, supply chain analysis, and import/export details.
The report explores different strategies and procedures undertaken by key market players that assist in making profitable decisions.
The report covers all the crucial information about the products and services of major competitors.
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