Sterilization Technologies Market Expected to Reach $8,578 Million by 2022, Globally - Allied Market Research - Seite 2

Chemical & gas sterilization accounted for more than half market share, in terms of revenue, in 2015, owing to the ability of gases to penetrate multiple packaging layers. This sterilization technology is used for catheters, equipment with integrated electronics, assembled complex devices, stents, custom procedure packs, multi-lumen tubing products, and wound care dressings.

Medical devices segment held the largest share by end user in 2015, in terms of revenue, and is expected to grow at a CAGR of 5.7% during the forecast period. Sterilization technologies are used in the medical industry to sterilize tissues, medical products, and cleanroom consumables. Penetration and dose uniformity ratio, shorter processing time, enhanced polymer reaction, and flexibility have made X-ray processing as the preferred sterilization procedure for medical device products.

Key findings of the study 

• North America is expected to continue to lead the global sterilization technologies market, followed by Asia-Pacific.
• Cosmetic sterilization technologies market revenue is projected to grow at a CAGR of 6.6% during the forecast period.
• Ethylene oxide is the expected to grow at the highest CAGR of 5.6% in chemical & gas sterilization technologies market.
• Turkey accounted for 32.5% share in LAMEA sterilization technologies market in 2015.
• India is projected to grow at the higher CAGR of 6.9% in Asia-Pacific sterilization technologies market.
• Belgium accounted for 12.9% share in the Europe market in 2015.

North America and Asia-Pacific collectively contributed more than half of the revenue share in 2015. In the same year, North America dominated the market, owing to growth in geriatric population and increase in healthcare expenditure.

The key market players profiled in this report are Advanced Sterilization Products Services Inc. (U.S.), Atec Pharmatechnik GmbH (Germany), Belimed AG (U.S.), Getinge Group (Sweden), Nordion (Canada) Inc. (Canada), Noxilizer, Inc. (U.S.), Sterile Technologies Inc. (U.S.), Steris Plc (U.S.), The 3M Company (U.S.), and TSO₃ Inc. (Canada).

Read similar market research reports on Life Sciences at: https://www.alliedmarketresearch.com/life-sciences-market-report

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