Fatpos Global has released a report titled “Formaldehyde Low Temperature Sterilization Market - Analysis of Market Size, Share & Trends for 2021 – 2022 and Forecasts to 2030” which is anticipated to reach USD 199.0 million by 2030. According to a study by Fatpos Global, the market is anticipated to portray a CAGR of 4.1% between 2022 and 2030. As per the report, the key reasons anticipated to fuel the growth of the Formaldehyde Low-Temperature Sterilization Market are the Surge in the prevalence of hospital-acquired infections (HAIs), rising incidence of chronic disease and an increasing number of surgical procedures across the globe.
The market research on Formaldehyde Low-Temperature Sterilization Market includes in-depth insights as:
“Technological advancements and increasing awareness, there has been an exponential increase in organ transplant surgeries. These surgeries are anticipated to be one of the key drivers for the growth in the market. The pandemic increased consumer awareness about the virus that can spread through indirect contact and any touchpoint can become an infection source. Consumers who are safety obsessed no longer see efficiency and cleanliness as trade-offs but as expectations. The Safety Obsessed mostly benefits hygiene goods.”, said a lead analyst at Fatpos Global.
Sterilize materials and equipment that are heat-sensitive and cannot withstand the normal conditions of an autoclave system. This means the autoclave unit has to operate at lower cycle temperatures, which can adversely affect its sterilization efficacy. Therefore, to maintain the sterility of the target object, formaldehyde (a strong microbicidal agent) is introduced to the sterilization cycle. This sterilization method is known as low-temperature steam formaldehyde (LTSF) sterilization.
Formaldehyde Low-Temperature Sterilization Market is categorized on the basis of Application into University, Ambulatory Surgical Centre, and Clinics. Over the projected period, the Ambulatory Surgical Centre segment is expected to see a highest Market Value. Ambulatory surgery centers include a variety of services such as surgical care, diagnostic and preventive procedure. These centers conduct surgeries for pain management, urology, orthopedics, restorative, reconstructive, or alterative plastic surgeries and Gastrointestinal (GI) related surgeries. Increase in geriatric population is a major factor driving the market, as elderly people are more susceptible to chronic conditions such as cardiovascular diseases, diabetes, kidney disorders, and musculoskeletal conditions.
Key Players in the Market
Some of the key players operating in the global Formaldehyde Low-Temperature Sterilization Market are 3M, Getinge AB, Johnson & Johnson, Steris Corporation, Belimed AG, TSO3 Inc., Dickinson and Company, Sterigenics LLC, Cantel Medical Corporation, E-BEAM Services, Inc., and Other Prominent Players.
Get Valuable Insights into Global Formaldehyde Low-Temperature Sterilization Market
In the latest market study conducted by, Fatpos Global thrives to present an unbiased analysis of the global Formaldehyde Low-Temperature Sterilization Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2022-2030. The study includes compelling insights into the growth that is witnessed in the market. The global Formaldehyde Low-Temperature Sterilization Market is classified on the basis of Application to Universities, Ambulatory Surgical centres, and Clinics. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
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