Ionizing Radiation Sterilization Market 2017-2021

Overview of the global ionizing radiation sterilization market

Research analysis on the global ionizing radiation sterilization market identifies that the extensive use of gamma radiation sterilization will be one of the major factors that will have a positive impact on the growth of the market. Food and chemical, spa, and salon industries highly rely on gamma radiation sterilization. The rising number of product innovations in healthcare, chemical, and wellness industry will further widen the applications of gamma radiation sterilization. Gamma irradiation sterilizors are preferred over other radiation sterilizors in the healthcare sector to prevent the contamination of packed drugs and medicine boxes. Several end-users adopt ionizing radiation sterilization over other sterilization methods because they reduce the probability of conversion of the sample into a radioactive sample. Gamma radiation sterilizors are also used to sterilize flue gases in the food industry. To ensure accuracy and efficiency, gamma radiation sterlizors are used for manufacturing equipment in the field of nanomaterials, natural polymers, and structured engineered materials such as sorbents, composites, and ordered polymers. Technavio's market research analysts predict that this market will grow at a CAGR of close to 7% by 2021.

The emergence of tote radiator sterilizers is one of the key trends that will gain traction in the global ionizing radiation sterilization market during the estimated period. They are used to sterilize products contained in boxes, bags, or drums. They are highly preferred since they can be changed to low, medium and high or 400keV-700KeV, 1MeV-5MeV, and 5MeV-10Me according to the requirements.

Competitive landscape and key vendors

The ionizing radiation sterilization market is characterized by the presence of major players. The vendors are trying to meet customer needs by developing customized solutions. These vendors are increasingly competing against each other based on factors such as service, quality, pricing, and product differentiation. The new players find it difficult to enter the market due to the lack of strong distribution channels. With all players focusing on increasing their market shares, the competitive environment of the market will intensify in the forthcoming years.

Key vendors in this market are -

• Astell
• Getinge
• STERIS
• Tuttnauer

Other prominent vendors in the market include Benchmark Scientific, BMM Weston, CISA production, and MATACHANA GROUP.

Segmentation by end-user and analysis of the ionizing radiation sterilization market

• Pharmaceutical companies
• Healthcare facilities

The demand for ionizing radiation sterilization is high in pharmaceutical companies because sterilization is an essential step in the development of drugs. Various countries like Guinea, Nigeria, Liberia, and Sierra Leone in Africa are witnessing the spread of Ebola virus. Such outbreak of diseases has resulted in a number of deaths due to the absence of the correct medication. This drives the demand for the development of drugs to combat deadly diseases.

Segmentation by geography and analysis of the ionizing radiation sterilization market

• Americas
• APAC
• EMEA

The demand for ionizing radiation sterilization is high in the Americas due to the presence of a large number of research laboratories and pharmaceutical companies in the region. The pharmaceutical sector is the largest contributor to the market in this region. Brazil, Chile, and Mexico are adopting modern laboratory equipment in their newly constructed laboratories, which in turn, will drive the need for ionizing radiation sterilization in the Americas.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global ionizing radiation sterilization market?
• What are the key market trends impacting the growth of the global ionizing radiation sterilization market?
• What are the challenges to market growth?
• Who are the key vendors in the global ionizing radiation sterilization market?
• What are the market opportunities and threats faced by the vendors in the global ionizing radiation sterilization market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global ionizing radiation sterilization market?

Technavio also offers customization on reports based on specific client requirement.

This impending industry research report on the global ionizing radiation sterilization market offers insights into the key trends and emerging drivers influencing the growth of the lab equipment industry. Our market research reports for this industry follow an extensive data collection methodology and offer an analysis of fast growing market segments across the globe.

To identify the industry's growth prospects, research analysts at Technavio follow a mix of primary and secondary market research techniques and consider factors like the market size and the demand for multiple products across the globe. With detailed insight on various parameters such as the changing preferences of customers and the products provided by competitors across the global and regional markets and the optimal usage of analytical tools, our impending market research report on ionizing radiation sterilization market for the forecast period of 2017 to 2021 will support clients understand the dynamically changing landscape of the lab equipment industry.

This market study also offers an extensive analysis of various techniques based on the information gathered from specific resources such as channel partners and market stakeholders. The impending report on ionizing radiation sterilization market also considers the growth of the similar market such as laboratory filtration market, which is expected to project at a CAGR of above 8% during the period 2016 to 2020. According to our research analysts, the steady rise in the number of minimally invasive procedures is expected to impact the global ionizing radiation sterilization market.

The upcoming industry research report on the ionizing radiation sterilization market also identifies the key drivers, emerging trends, coupled with imminent challenges currently experienced by the lab equipment sector. Furthermore, to give a realistic picture of the industry's growth prospects, the report also provides detailed insights on the changing competitive landscape and the strategies followed by the major players to establish their presence in the global market.