Transparency Market Research suggests that the global steam autoclave market will expand at a healthy 5.7% CAGR over the period between 2016 and 2024. The market, which had a valuation of US$1.57 bn in 2015, is expected to rise to US$2.57 bn by 2024.
Download exclusive Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3997
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Global Report on Steam autoclave market,
1. Rising Prevalence of Nosocomial Infections and
Increased Number of Surgeries to Drive Adoption
of Steam Autoclave Systems Globally, states TMR
The global steam autoclaves market is marked by intense competitive rivalry and high entry
barriers for new vendors, typical of markets featuring high consolidation, reports a recent study
by Transparency Market Research (TMR). The oligopolistic market witnesses the dominance of
companies such as STERIS, Getinge Group, and Johnson & Johnson, which collectively held
close to two-third of the overall market in 2015.
The presence of a very small number of product manufacturers, preference of buyers for long-
term contracts with steam autoclave devices manufacturers, and broad product portfolios have
further reinforced the standing of leading vendors in the market. Product innovations, production
of economic products, and strategies aimed at expansion in emerging regional markets could aid
small vendors in the market carve out new growth channels in the near future. Other notable
vendors operating amid intense competition in the global steam autoclave market are 3M Health
Care, Belimed Group, CISA Group, Matachana Group, CISA Group, and SAKURA SI CO., LTD
Rising Number of Surgeries and Hospital-acquired Infections Stimulate Adoption of Steam
Autoclaves in Healthcare Settings
The vast increase in the number of surgical procedures undertaken across the globe every year
has played a major role in the increased consumption of steam autoclaves globally in the past
few years. The Centers for Disease Control and Prevention states that in U.S. alone, nearly 46.5
mn surgeries and around 5 mn endoscopies are performed every year. In other regions as well,
such as the developing parts of Asia Pacific, which are marked by large population bases and
flourishing medical tourism industries, a massive rise in the number of surgical procedures has
been seen in the past few years.
Compounding the need for effective sterilization mechanisms in healthcare settings in addition to
abovementioned factor is the concern regarding rising prevalence of nosocomial infections
across the globe. These factors, in addition to the rising focus on patient safety, will allow the
global steam autoclave market gain traction in the next few years.
Technological Advancements to Fuel Market’s Growth
2. The market has witnessed the introduction of several technologically advanced and increasingly
effective products such as E-beam and gamma irradiation, which are further boosting the
market’s growth prospects. High product compatibility and low cost of these new products are
expected to help the global steam autoclave market gain significant momentum over the
forecasting horizon.
However, the increased usage of disposable devices across healthcare settings, which are not
meant to be reused and require little or no sanitization over their usable life, could emerge as a
major restraint for the overall growth of the market. Moreover, the imposition of excise duty
taxes on the manufacturers of medical devices is also expected to hamper the overall profitability
of steam autoclaves for vendors, thus resulting in increased product prices. This factor could also
have a negative impact on the market’s growth prospects, especially in cost-sensitive developing
regions.
Read Full Report: http://www.transparencymarketresearch.com/steam-autoclave-market.html
In terms of popularity of product varieties available in the market, including traditional steam
autoclaves and tabletop steam autoclaves, the market is again highly consolidated. The segment
of traditional autoclaves accounted for a share of over 91% in the market in 2015. The segment is
also expected to expand at the highest CAGR of 5.8% over the period between 2016 and 2024.
North America was the leading regional market in 2015, with nearly 40% share in the market in
terms of revenue in 2015.
On a whole, the global autoclave market was worth US$1.57 bn in 2015. Expected to rise at a
healthy 5.7% CAGR from 2016 to 2024, the market is projected to touch US$2.57 bn by 2024.
This review is based on a latest market intelligence report published by Transparency Market
Research, titled “Steam Autoclave Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024.”
For the purpose of this study, the market has been segmented as follows:
Global Steam Autoclave Market, by Product
◦ Traditional
◦ Tabletop
Global Steam Autoclave Market, by Indicator
◦ Chemical
3. ◦ Biological
◦ Mechanical
Global Steam Autoclave Market, by Technology
◦ Gravity Displacement
◦ Pre-vacuum
◦ Steam Flush
Global Steam Autoclave Market, by End-user
◦ Hospitals
◦ Health Care Organizations
◦ Academics
Global Steam Autoclave Market, by Geography
North America
◦ U.S.
◦ Canada
Europe
◦ Germany
◦ France
◦ Rest of Europe
Asia Pacific (APAC)
◦ Japan
◦ China
4. ◦ Rest of APAC
Latin America (LATAM)
◦ Brazil
◦ Mexico
◦ Rest of LATAM
Middle East & Africa (MEA)
◦ Saudi Arabia
◦ South Africa
◦ Rest of MEA
About Us
Transparency Market Research (TMR) is a global market intelligence company providing
business information reports and services. The company’s exclusive blend of quantitative
forecasting and trend analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data
sources and various tools and techniques to gather and analyze information.
Contact Us
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com