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(MoneyNewsWire.Net, May 03, 2018 ) The sterilization monitoring market is expected to reach USD 631.0 Million by 2022 from USD 439.5 million in 2017, at a CAGR of 7.5% between 2017 and 2022. Factors such as rising incidence of hospital-acquired infections, increasing number of surgical procedures coupled with the rising geriatric population and chronic disease incidence, technological advancements in sterilization monitoring products, and rising focus on food sterilization are the major factors driving the growth of this market. However, factors such as lack of awareness on sterilization monitoring and dearth of skilled professionals are hampering the growth of this market.
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On the basis of technology, the global sterilization monitoring market is segmented into biological monitoring, chemical monitoring, and mechanical monitoring. The chemical indicators segment is expected to grow at the highest CAGR owing to its advantage to deliver immediate valuable information about specific parameters of the sterilization process such as time, temperature, and steam quality.
On the basis of product, the biological indicators market is categorized into self-contained vials, spore strips, spore ampoules, and spore suspensions. The self-contained vials segment is expected to grow at the highest CAGR during the forecast period owing to faster results, shorter processing time, ease of use, and reduced incubation period. Furthermore, the chemical indicators market is categorized into internal chemical indicators and external chemical indicators. The internal chemical indicators segment are categorized as single-parameter indicators (class 3), multi-parameter indicators (class 4), integrating indicators (class 5), and emulating indicators (class 6). The integrating indicators segment held the largest share of the global internal chemical indicators market.
On the basis of method of Sterilization, the global sterilization monitoring market is segmented into steam sterilization, ethylene oxide sterilization, hydrogen peroxide sterilization, and formaldehyde sterilization. The ethylene oxide (EtO) sterilization segment accounted for the second-largest share of the global market for sterilization monitoring in 2016. The growth of this market can be attributed to the various advantages offered by the method such as low temperature, high efficiency (destroys microorganisms, including resistant spores), large sterilizing volume/chamber capacity, and non-corrosive to plastic, metal, and rubber materials.
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Based on process, the market is categorized into pack monitoring, load monitoring, equipment/process monitoring, and exposure monitoring. The load monitoring segment accounted for the second-largest share of the global sterilization monitoring market in 2016. Load monitoring enables the user to make decisions and take actions prior to surgery, which reduces the risks and costs associated with recalls and surgical infections. Moreover, the use of biological indicators in load monitoring reduces the quarantine time by 88% providing BI results in 3 hours. These factors are driving the growth of this market during the forecast period.
On the basis of end user, the market is segmented into hospitals; pharmaceutical, biotechnology, and medical device companies; research & academic institutes; food & beverage industry; and other end users. The pharmaceutical, biotechnology, and medical device companies segment is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to factors such as increasing number of pharmaceutical and biotechnology companies in the Asia-Pacific region, rising need to ensure sterility, and the practice of enhancing aseptic manufacture sterility assurance level (SAL) of pharmaceuticals.
This report covers the sterilization monitoring market across four major geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to account for the largest share of the global market in 2017, followed by Europe and Asia-Pacific. The Asia-Pacific market is expected to register the highest CAGR during the forecast period. The high growth of this regional segment can be attributed to growth in per capita income, increasing number of hospitals, growth in geriatric population, increase in the number of surgical procedures, and growth in the pharmaceutical and medical devices industry.
The major players in the global market for sterilization monitoring include 3M Company (U.S.), Getinge Group (Sweden), Cantel Medical Corp. (U.S.), STERIS plc (U.S.), Cardinal Health, Inc. (U.S.), Mesa Laboratories, Inc. (U.S.), Propper Manufacturing Co. Inc. (U.S.), PMS Healthcare Technologies (Turkey), Hu-Friedy Mfg. Co., LLC (U.S.), and gke-GmbH (Germany).
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