Global Sterilization Monitoring Market is expected to grow at a CAGR of 7.69% during the forecast period 2020-2027
A new research report published by Fior Markets with the title Sterilization Monitoring Market by Indicator (Biological Indicator And Chemical Indicator), Technology (Biological Monitoring, Chemical Monitoring, Mechanical Monitoring), End Users (Hospitals, Pharmaceuticals, Biotechnology, Research Institute, Food & Beverages), Regions And Global Forecast 2020-2027.
The global sterilization monitoring market is expected to grow from USD 505.25 million in 2019 to USD 913.92 million by 2027, at a CAGR of 7.69% during the forecast period 2020-2027. North America is anticipated to account for the most substantial share of the global market, followed by Europe and Asia-Pacific. The Asia-Pacific market is expected to witness the largest CAGR during the projection period. The high growth of this regional segment can be attached to growth in rising disposable income, a growing number of hospitals, growth in ageing population, rise in the number of surgical methods, and increase in the pharmaceutical and medical equipments sector.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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The key players of the global sterilization monitoring market include 3M Company, gke-GmbH., Mesa Laboratories Inc., Getinge Group, Cantel Medical Corp., Propper Manufacturing Co. Inc., Hu-Friedy Mfg. Co., LLC., STERIS plc, Cardinal Health, Inc. and PMS Healthcare Technologies.
Xiaomi UV disinfection lamp and thermometer: There is no way around it, the world is currently on the edge of the pandemic, and the Chinese coronavirus is exploding all around the globe. In such time Xiaomi is often reminded of the helpful devices for monitoring health or disinfection directions.
Based on technology, the global sterilization monitoring market is segmented into chemical monitoring, biological control and mechanical monitoring. The chemical indicators segment is anticipated to rise at the highest CAGR owing to its influence to deliver quick important data about particular determinants of the sterilization process such as temperature, time and quality. The indicator segment includes biological indicators and chemical indicators. The biological indicators have the largest market share in this segment as it is utilized by hospitals and research labs. Based on end-user, the market is divided into hospitals, pharmaceutical, medical device companies, biotechnology, food & beverage industry, research & academic institutes and other end users. The pharmaceutical, biotechnology, and medical device companies; segment is foreseen to develop at the highest CAGR during the projection period. This growth can be associated to determinants such as expanding the number of pharmaceutical and biotechnology companies in the Asia-Pacific region, increasing requirement to assure sterility and the work of developing aseptic production sterility support level of pharmaceuticals.
About the report:
The global sterilization monitoring market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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- CDN Newswire