Autoclave Equipment Market – Analysis And Forecast (2017-2025): Market Shares And Strategies Of Key Players
Adoption of various sterilization technique to develop autoclave equipment by Danaher can boost the company revenue
The leading players of autoclave equipment market industry include Danaher, PerkinElmer, Tecan Group and Thermo Fisher. Other prominent vendors in the autoclave equipment market are: Siemens Healthcare, Abbott Diagnostics, Agilent Technologies, Aurora Biomed, Becton, bioMérieux, Biotek Instruments, Eppendorf, Brooks Automation, CernerHamilton Storage Technologies, LabVantage Solutions, Labware, Olympus, Qiagen.
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Sterilization devices are of a significant value as they ensure the absolute destruction and elimination of all forms of microbes. Autoclave is a majorly used sterilization device as it uses high temperature steam to sterilize a variety of solids and liquids. It is an effective, non-toxic and inexpensive method. The benefits offered were soon apparent and eventually it became an invaluable and integral part of every hospital and private clinic. Autoclaves are built to operate at high temperature range of 121-1450C, which enables steam to infiltrate materials and effectively decontaminate it. Autoclaves provide a number of display features for cycle documentation. These displays work in tandem with one another to specify how temperatures change based on treatment times. Autoclave equipment provides a benefit of exhaust fan features that function to dry decontaminated materials and evaporate moisture. These benefits of autoclaves are likely to drive the global autoclave market during the forecast period.
Research and development laboratories, pharmaceuticals & healthcare, tattooing & body piercing, veterinary science, rubber vulcanization in chemical industry are some of the common application areas.
Low capital Investment, high returns leads to the growth of Autoclave Equipment Market:
One of the prominent factor driving the autoclave equipment market is the increase in the number of surgeries and endoscopic procedures. For instance, the Centers for Disease Control and Prevention, in U.S. as of 2015 states that 46.5 million surgeries and 5 million endoscopies are performed every year which require sterilization of the devices post-surgery. The Autoclave Equipment Market has witnessed growth over the years as it require low capital investment for installation, and is more efficient than other sterilizing equipment. The World Health Organization states that 7 out of 100 hospitalized patients acquire hospital acquired infection at any given time and one third of the ICU patients acquire hospital acquired infections (HAIs) due to the presence of a non-sterile environment in 2011. The Journal of the Royal Society Interface stated that more than 44 million cases of infectious diseases were reported globally between 1980- 2013. The global rise in the number of hospital-acquired infections and diseases, huge surge in surgical procedures has resulted in stringent safety regulations, leading to an increase in the demand for sterilization equipment in healthcare facilities.
Technological advancement in autoclave equipment could be a dominating trend in near future:
With the advancement in technology, the improvised version of autoclaves introduced in the markets are smarter and flexible to function with minimum human input. They reduce functioning complexities and allow accurate monitoring. The autoclaves can be easily synced with the devices and instruments. This improved connectivity enables easy monitoring of equipment.
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Regional Segmentation and Statistics based on the growth of global steam autoclave market:
Regional segmentation of the autoclave equipment market by Coherent market Insights comprises North America, Asia Pacific, Europe, Middle East, and Africa. Slowest market growth was observed in Europe due to the economic instabilities in certain countries. The growth of the chemical sector in Eastern Europe is a major source of demand of autoclaves. According to the World Health Organization, 180,000 people died from AIDS-related illnesses in Nigeria in 2015, which has led to the emergence of largest and most promising markets in Nigeria. The boost in South African autoclave market is due to 78% increase in research laboratories. The demand for autoclaves over the next five years is due to the increase in the number of medical and healthcare facilities in other West African countries.
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