The Low Temperature Sterilization Equipment Market To Surpass Beyond US$ 2.5 Billion By 2025
The Global Low Temperature Sterilization Equipment Market, by Technology (Ethylene Oxide, Vaporized Hydrogen Peroxide, Hydrogen Peroxide Gas Plasma, Ozone, Low Temperature Steam Formaldehyde, and Others), by End User (Hospitals, Clinics, Ambulatory Surgical Centers, Pharmaceutical Companies, and Others) and by Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) was valued at US$ 1,120.1 million in 2016 and is projected to exhibit a CAGR of 10.6% over the forecast period (2017 – 2025), as highlighted in a new report published by Coherent Market Insights. The Low Temperature Sterilization Equipment Market is expected to gain significant traction with increasing incidence of surgical procedures and popularity of minimally invasive surgical procedures worldwide. According to the American Society of Plastic Surgeons 2016, over 17.1 million minimally invasive surgical procedures were performed in the U.S. for various treatments.
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Development of innovative sterilization techniques to drive growth of the global low temperature sterilization equipment market
Reprocessing and reusing of instruments before performing a surgical procedure is a pre requisite. However, inability of various surgical components to withstand high temperature during sterilization procedure can be resolved with the introduction of novel platforms and equipment that can perform sterilization of these components at low temperatures. For instance, in April 2016, Becton Dickinson and Company introduced low temperature rigid sterilization container system that has a visually differentiated set for sterilization of various equipment to provide long lasting protection and sterility maintenance during surgical procedures. In 2013, Sterrad 100nx system was introduced by Advanced Sterilization Products (ASP), which delivered improved efficiency in sterilizing most single channel flexible scopes and accessory light cords together as a set and cameras.
Low temperature sterilization techniques are continuously being developed and updated with the new technologies to cater sterilization for minimally invasive surgical instruments, and other non-heat tolerant hospital equipment. The glutaraldehyde advanced sterilization products that were used conventionally for low temperature sterilization procedures are now replaced with new technologies such as ethylene oxide, vaporized oxygen peroxide and others. These techniques are found to be effective even against superbugs that are microbes with developed resistance against a vast number of antibiotics. According to the Centers for Disease Control and Prevention (CDC) 2013, the superbugs are cause of over 50% of deaths caused due use of disinfected or non-sterile instruments.
The key players are focusing on research and development of efficient sterilization systems. For instance, in January 2017, Advanced Sterilization Products (ASP), a part of Johnson and Johnson Medical Device Company introduced a next generation low temperature sterilization equipment named STERRAD 100NX system with ALLClear technology that includes simplified system operation and automatic monitoring conditions to minimize workflow interruptions and cycle cancellations. Moreover, in August 2017, 3M received FDA approval forrapid sterilization test kit that carries out low temperature sterilization using vaporized hydrogen peroxide in 24 minutes cycle that usually takes about 4 hours to complete.
Browse 36 Market Data Tables and 22 Figures spread through 160 Pages and in-depth TOC on “Low Temperature Sterilization Equipment Market”- by Technology (Ethylene Oxide, Vaporized Hydrogen Peroxide, Hydrogen Peroxide Gas Plasma, Ozone, Low Temperature Steam Formaldehyde and Others), by End User (Hospitals, Clinics, Ambulatory Surgical Centers, Pharmaceutical Companies and Others) and by Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) – Global Forecast to 2025
Key Takeaways of the Low Temperature Sterilization Equipment Market:
The global low temperature sterilization equipment market is expected to exhibit a CAGR of 10.6% over the forecast period, owing to rising incidence of minimally invasive surgical procedures and increasing incidence of healthcare associated infections across the globe.
Among technology segment, ethylene oxide sterilization segment holds a dominant position in the low temperature sterilization equipment market as this is a standard test for sterilization of plastics and other low temperature tolerant equipment.
Among end users, hospital segment holds a dominant position in the global low temperature sterilization procedures as most of the surgical procedures that require advanced instruments are performed in hospitals.
Among region, North America is expected to dominate the global low temperature sterilization equipment market, owing to presence of leading companies investing significantly in to research for the development of innovative devices that are indulged into innovation of technologically advanced low temperature sterilization systems
Some of the major players operating in the global low temperature sterilization equipment market include 3M Company, Steris Corporation, Belimed AG, Cantel Medical Corporation, Anderson products, Advanced Sterilization Products, Matachana Group, Sterigenics International, and MMM Group.
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