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Showing posts with the label sterilization equipment market

Global Sterilization Technologies Market is Expected to Touch $16Bn, Attributed to Focus on Patient Safety, Regulations, and Rising Hospital-acquired Infections (HAIs)

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A new study by Industry Experts, Inc., on " Sterilization Technologies Market " is unveiled. The global demand for Sterilization Technologies is estimated at US$11.8 billion in 2024 and is projected to reach US$15.9 billion by 2030 at a CAGR of 5.1% during the forecast period 2024-2030. The global Sterilization Technologies market is driven by several significant factors, including the growing need for sterilized medical equipment due to increased surgical procedures, an aging population, and an increased focus on infection prevention. Innovations such as automation, robotics, and IoT integration enhance the efficiency, accuracy, and dependability of sterilization processes. Increased focus on patient safety, a surge in hospital-acquired infections (HAIs), and stringent healthcare regulations are accelerating the adoption of advanced sterilization technologies. The shift toward sustainable sterilization methods, prompted by environmental concerns and stricter reg...

Impact of COVID-19 on Sterilization Technologies Market - Trends and Forecast (2017-2026) by Industry Experts, Inc.

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Industry Experts, Inc. published an updated 2020 version of the report " Sterilization Technologies – A Global Market Overview ". Analysts at Industry Experts estimate that the normalization in volumes is likely to occur once hospitals get relatively free from attending to the highs of COVID-19 and investigate addressing the unmet demand for elective surgical procedures at the end of 2020 and the beginning of 2021. This is bound to have a positive impact on the market for Sterilization Technologies. Amid the COVID-19 pandemic, the global market for Sterilization Technologies is anticipated to record a robust growth during 2019-2021 period. Contrarily, due to deferred or cancelled elective procedures across the globe, the market for Sterilization Technologies is estimated to grow at a modest year-on-year (Y-o-Y) growth of just 4.3% in 2020, partially offset by increase in demand for sterilization of personal protective equipment (PPE) and demand from the life sciences sector ...