Global Sanitization Equipment Devices market is expected to grow at a CAGR of around 20.3% from 2020 to 2027 and reach the market value of over US$ 28.4 Bn by 2027, according to Acumen Research and Consulting report, Sanitization Equipment Devices Market forecast, 2020-2027.
APAC is anticipated to register highest growth in the forecast period. Growing economies in China and India, surge in incidences of infections, growth in pharmaceutical and medical devices, and improvement in healthcare infrastructure in Southeast Asian courtiers are the preliminary factors responsible for driving the sanitization equipment devices market.
Asian market is predicted to witness a steady y-o-y growth owing to rising awareness regarding infectious agents and associated diseases. The Asia-Pacific is also the biggest exporter of pharmaceutical products, such as active pharmaceutical ingredients directing the need to ensure high quality drugs for export. Additionally, rising base of outsourcing organizations, growing healthcare expenditure, and unprecedented evolution of healthcare standards and infrastructure across the regions upsurge the demand for Asia-Pacific regional market growth.
North America dominates the sanitization equipment devices market since the past and will continue its trend till the forthcoming years. This is attributed to number of strategic collaborations adopted by the prominent players for the expansion of the product portfolio. Additionally, rising efforts for widening the presence across the regions are the prominent factors for the growth of North America regional market for sanitization equipment devices market.
Hospital acquired infections, also known as nosocomial infections, is a leading cause of morbidity and mortality globally. Utility of central line-associated bloodstream infections (CLABSIs), catheter-associated urinary tract infections, and ventilator-associated pneumonia is high cause of hospital acquired infections (HAIs). Utility of infected medical devices during diagnostic and therapeutic procedures is a leading cause of HAIs. Ensuring proper sterilization of hospital instruments such as catheters, surgical instruments, and injections, help to reduce the occurrence of HAIs
Segmental Outlook: Sanitization equipment devices market is segmented based disinfectant, protective barriers, and end-user. By EPA classification, the market is segmented as low-level disinfectant, high-level disinfectant, and intermediate level disinfectant. Further, protective barriers are segmented as medical non-woven’s, covers and closures, and goggles. End-user is segmented as hospitals and clinics, medical device companies, food industry, life science industry, pharmaceutical company, and others.
Key companies profiled in report involve Getinge Group, STERIS Corporation, Advanced Sterilization Products, Ecolab, Belimed AG, Cantel Medical Corporation, Matachana Group, 3M, Shinva Medical Instrument Co., Ltd., and among others