Sterilization Monitoring Market by End-user, Product, and Geography - Forecast and Analysis 2020-2024

The sterilization monitoring market size has the potential to grow by USD 259.99 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by end-user (hospitals and clinics and research laboratories), product (BIs, and CIs), and geography (North America, APAC, Europe, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including 3M Co., Cantel Medical Corp., Cardinal Health Inc., Etigam BV, gke-GmbH, HiMedia Laboratories, Mesa Laboratories Inc., Propper Manufacturing Co. Inc., STERIS Plc, and Terragene SA.

Market Overview

Market Competitive Analysis

The market is fragmented and been recording increasing M&A activities among sterilization equipment and monitoring companies. HiMedia Laboratories, Mesa Laboratories Inc., Propper Manufacturing Co. Inc., STERIS Plc, and Terragene SA are some of the major market participants. Although the increasing prevalence of HAIs will offer immense growth opportunities, the lack of adoption in emerging economies will challenge the growth of the market participants. To make the most of the possibilities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this sterilization monitoring market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this sterilization monitoring market analysis report also includes information on the upcoming sterilization monitoring market trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

• 3M Co.
• Cantel Medical Corp.
• Cardinal Health Inc.
• Etigam BV
• gke-GmbH
• HiMedia Laboratories
• Mesa Laboratories Inc.
• Propper Manufacturing Co. Inc.
• STERIS Plc
• Terragene SA

Sterilization Monitoring Market: Segmentation by Region

North America was the largest sterilization monitoring market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Over 34% of the market’s growth will originate from North America during the forecast period. The US is the critical market for sterilization monitoring services and products in North America. Market growth in this region will be slower than the growth of the market in MEA and APAC.

Sterilization Monitoring Market: Segmentation by End-user

With the increasing number of surgeries, hospitals and clinics are required to sterilize surgical instruments and monitor the sterilization of such instruments to ensure the non-appearance of SSI episodes among patients. Hence, hospitals and clinics are significant end-users of sterilization monitoring products.

The sterilization monitoring market share growth by the hospitals and clinics segment will be faster than the growth of the market by the research laboratories segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the sterilization monitoring market size.

Sterilization Monitoring Market: Key Drivers and Trends

The increasing number of hospital-acquired infections (HAIs) has been identified as one of the major factors driving the demand for sterilization and disinfection monitoring. Some common types of HAIs are surgical site infections, UTIs, gastroenteritis, meningitis, and pneumonia. Biological indicators for sterilization is an efficient technique applied in the sterilization monitoring industry, and the rising incidences of HAIs are likely to augment the growth of sterilization monitoring service providers across the globe. The prevalence of infections compels hospitals and healthcare centers to practice sterilization monitoring to help control and prevent the spread of infectious diseases, driving sterilization monitoring market growth. The market is expected to register a CAGR of about 9% during the forecast period.

Sterilization Monitoring Market: Key Highlights of the Report for the Forecast Period 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive sterilization monitoring market growth during the next five years
• Precise estimation of the sterilization monitoring market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the sterilization monitoring market industry across North America, APAC, Europe, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of sterilization monitoring market vendors