Rising Demand for Healthcare Services Globally to Fuel Steam Autoclave Market

A new market research report by Transparency Market Research, titled “Steam Autoclave Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023,” presents an in-depth analysis of the market for steam autoclaves. The study provides an extensive evaluation of the prominent market trends and highlights the prime market drivers as well as inhibitors impacting the development of the market in the forecast period from 2015 to 2023.

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The upcoming technological developments expected to take place within the market have also been detailed under this study. In addition, the impact of Porter’s five forces on the advancement of the steam autoclave market is also described in this report. The market’s size has been calculated by considering the revenue generated by the sale of steam autoclaves within the forecast horizon. The competitive landscape section of the report throws light on the major players dominant in the market and also elaborates on their key recent developments, profiles, and contact information.

As per the study, the market for steam autoclaves is experiencing swift growth owing to the number of benefits associated with the use of these devices such as reliability and low cost of investments involved in their installation within medical institutes such as laboratories and hospitals. In addition, autoclaves present swifter service and have low prices as compared to other sterilizing equipment. Furthermore¸ the rising geriatric population and the rising demand for healthcare services are also amongst the major factors augmenting the growth of the market.

On the other hand, one of the characteristics of steam of only sterilizing the surfaces that it comes in contact with raises the chances of inadequate sterilization, thus impeding the growth of the market for steam autoclave sterilizers. Furthermore, steam autoclaves are not suitable for sterilizing plastic, rubber, radioactive materials, and volatile liquids. This factor may also have a negative impact on the growth of the market.

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In terms of geography, the market for steam autoclaves is segmented into Asia Pacific, North America, Europe, and Rest of the World. Amongst these, the North America steam autoclave market leads the global market owing to the rapid technological advancements within this region. Furthermore, the growing prevalence of hospital-acquired infections within North America will further augment the growth of the market within this region. On the other hand, as per the report, Europe stands as the second-largest market for steam autoclaves owing to the continuously increasing demand for sterilization procedures and the increasing initiatives by numerous healthcare organizations for the advancement of this market in Europe. The region of Asia Pacific is also gaining pace in the market for steam autoclave due to the rising awareness about the significance of sterilization amongst people residing in this region.

According to the report, the chief companies operating in the market for steam autoclaves are Johnson and Johnson, Getinge Group, Cantel Medical Corp., STERIS Corporation, 3M Healthcare, Kimberly-Clark Corporation, and Belimed AG, among others.