New York, NY -- (SBWIRE) -- 12/04/2020 -- Advanced Sterilization Products Market To Reach USD 13.06 Billion By 2027

The global Advanced Sterilization Products market is forecast to reach USD 13.06 billion by 2027, according to a new report by Reports and Data. The global market for sterilization is expanding considerably due to the increasing implementation of strict norms regarding preserving food quality, the increasing demand for food supply, and the rising preference for crops. Adhering to strict medical safety and infection control regulations has led to increasing public awareness, which is also supporting the growth of this business significantly.

Over the years, different undertakings by various governments to support the uptake of essential sterilization measures in surgical centers and hospitals are also likely to boost this market's growth. The augmenting number of surgical procedures and the rising requirement for non-disposable surgical devices increase the growth of this market considerably. Notably, pharmaceutical and biotechnology companies are among the largest end-user in the sterilization technology and are expected to generate a significant share of the revenue by 2027. Proliferation of biotechnology and pharmaceutical companies and the increasing manufacturing capacity of pharmaceutical and biotechnology products are boosting market's growth. Apart from these companies, medical device companies, clinics, hospitals, ambulatory surgical centers, and academic and research organizations are also the leading end-users of advanced sterilization products.

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With a larger purchaser base, increasing uptake of advanced sterilization technologies, and the advanced medical infrastructure, the North American advanced sterilization products market for sterilization is anticipated to remain on the top over the next few years, registering a CAGR of 1.35% over the forecast period.

The COVID-19 Impact on Advanced Sterilization Products Market:
As the COVID-19 crisis grows, producers are quickly changing their practice & purchasing priorities to meet the required demand of a pandemic. The pharmaceutical sector is booming as the healthcare industry is on a massive drive to not only develop a vaccine for COVID-19, but also manufacture it safely and distribute it rapidly. As there has been a considerable increase in demand for sterile condition, advanced sterilization products are now in demand as thay are used to clean and sterilize the surrounding, and thus the market share is affected directly. It is estimated that the market share will register a massive growth surge during the crisis period and the effect will last as all sectors over the world become more cautious about hygiene even after the pandemic is over.

Key participants include
Steris Corporation
Belimed AG
Getinge Group
MMM Group
MATACHANA Group
Sotera Health
Advanced Sterilization Products
Cardinal Health
Noxilizer, Inc.
Tuttnauer

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Advanced Sterilization Products Market: Segmentation

For the purpose of this report, Reports and Data has segmented into the global Advanced Sterilization Products market on the basis of product & service, consumables & accessories type, end user, and region:

Product & Services Outlook (Revenue, USD Billion; 2017-2027)
Dry Heat
Ethylene Oxide
E-Beam
Steam

Consumables & Accessories Type Outlook (Revenue, USD Million; 2017-2027)
Pouches
Lubricants

End User Outlook (Revenue, USD Billion; 2017-2027)
Hospitals & Clinics
Pharmaceutical Companies

Regional Outlook (Revenue, USD Billion; 2017-2027)
North America
S
Canada
Europe
Germany
UK
France
BENELUX
Rest of Europe
Asia Pacific
China
Japan
South Korea
Rest of APAC
MEA
Saudi Arabia
UAE
Rest of MEA
Latin America
Brazil
Rest of LATAM

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