Global outlook of the laboratory sterilizers market

According to the market research analysts at Technavio, the global laboratory sterilizers market is expected to witness rapid growth at an impressive CAGR of more than 7% over the forecast period. The rising incidences of nosocomial infections are one of the important factors driving this market’s growth in the coming years. Nosocomial or hospital-acquired infection is contracted by an individual while receiving medical treatment at a healthcare facility. In the past decade, the number of nosocomial infections has been on the rise due to improper disposal and disinfection techniques employed in hospitals and clinics around the world. This has led several healthcare and safety authorities around the world mandating the use of disinfection tools and sterilizers in healthcare facilities, and ensuring proper waste disposal procedures.

With the advancements in technology, laboratory sterilizers are becoming smarter and more flexible, allowing them to function efficiently without minimal human input. These sterilizers can also be integrated to work in tandem with other devices or instruments in the lab. Products such as the CertoClave Essential have improved connectivity and allow data logging and remote monitoring of equipment functions and results. Monitoring the function of such equipment also allows predictive maintenance and easier troubleshooting, ultimately leading to better yield and longer life of the equipment.

Segmentation by technology and analysis of the laboratory sterilizers market

• Heat sterilizers
• Low-temperature sterilizers
• Ionizing radiation sterilization
• Filtration sterilization

During 2015, the heat sterilization technology segment dominated the market and accounted for almost 60% of the total revenue market shares. Autoclaves constituted the largest product segment within the heat sterilization market. The demand for autoclaves from new laboratories is expected to be concentrated in South America and APAC. The increasing number of hospital-acquired infections is one of the key factors resulting in the demand for autoclaves during the forecast period.

Geographical segmentation and analysis of the laboratory sterilizers market

• Americas
• APAC
• Europe
• MEA

In terms of geography, the global sterilizers market was led by the Americas and accounted for more than 34% of the market shares during 2015. The growth of the market in this region is mainly due to the significant investments in research and testing by the US. Also, increasing investments from countries such as Brazil, Colombia, and Chile, in addition to the US, in research facilities will propel this market’s growth in the Americas over the next four years.

Competitive landscape and key vendors

The global laboratory sterilizers market is dominated by the major players that account for a significant share of the market. The competitive environment in the market is expected to intensify with an increase in product extensions, new products, and new applications of the products and services provided. Factors such as intense competition and rapid advances in technology will pose a threat to market growth during the forecast period, making it imperative for vendors to distinguish their product and service offerings through a clear and unique value proposition

Key vendors in this market are -

• Astell
• Belimed
• Getinge
• STERIS
• Tuttnauer

Other prominent vendors in the market are Advanced Sterilization Products, Amerex Instruments, Benchmark Scientific, BMM Weston, Cantel Medical, Carolina Biological Supply, Cisa Production, Cole-Parmer, LTE Scientific, Matachana, Medisafe International, MELAG, Nordion, Panasonic Biomedical, Priorclave, Thermo Scientific, and Yamato Scientific.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global laboratory sterilizers market?
• What are the key market trends impacting the growth of the global laboratory sterilizers market?
• What are the challenges to market growth?
• Who are the key vendors in the global laboratory sterilizers market?
• What are the market opportunities and threats faced by the vendors in the global laboratory sterilizers market?
• What are the trending factors influencing the market shares of the Americas, APAC, Europe, and MEA?
• What are the key outcomes of the five forces analysis of the global laboratory sterilizers market?

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