Steam Autoclaves Market: Segmented: By Product (Table Top, Vertical, Horizontal, Floor Standing, High Pressure), By Technology (Gravity Displacement, Pre-Vacuum, Steam Flush), By Application (Medical, Dental, Laboratory), By End-Use (Hospitals, Clinics, Healthcare Companies, Research and Academic Institutes, and Others) And Region - Global Analysis of Market Size, Share & Trends For 2019-2021 And Forecasts To 2031
Steam Autoclaves Market to surpass USD 5 billion by 2031 from USD 2.3 billion in 2021 at a CAGR of 8.3% in the coming years, i.e., 2021-2031
Autoclaves are used to disinfect and sterilize items in a physical manner. They use a combination of steam, pressure, and time to accomplish their goals. To destroy spores and bacteria, autoclaves use high pressure and temperatures. They are used to sterilize tools, media, and lab gear and also de-contaminate biological waste. Before being disposed of, medical waste that may contain bacteria, viruses, or other biological material should be autoclaved to kill any bacteria, viruses, or other biological material. Autoclaves come in a wide range of shapes and sizes, and they can be modified to meet the needs of the user.
A significant increase in global demand for healthcare services, rising cases of SARS-CoV-2 infection, increased pharmaceutical research and development activities, and new drug pipelines are among the primary drivers that have fueled the global pharma & healthcare industry's expansion in recent years. Growing government initiatives for COVID-19 vaccine research, as well as escalating demand for improved point-of-care diagnostics and home healthcare devices, have all aided the industry's expansion.
Based on Technology, the global Steam Autoclaves Market is fragmented into Gravity Displacement, Pre-Vacuum, and Steam Flush. Owing to its ease of use and obstacle-free penetration, the gravity displacement sector is predicted to have the biggest market share. Due to increased demand for the technology and its great effectiveness in sterilizing porous material, pre-vacuum technology is expected to expand at the fastest CAGR.
Global Steam Autoclaves Market is classified on the basis of Application in Medical, Dental, and Laboratory. Medical and laboratory applications of steam autoclaves accounted for a substantial share of worldwide market revenue in recent years, owing to autoclaves' widespread use in healthcare establishments, hospitals, and clinical facilities. Medical applications accounted for the greatest percentage of revenue. Furthermore, due to the high need for big-capacity autoclaving solutions in hospitals, they account for a significant portion of the demand for more capital-intensive autoclaves.
Rising healthcare expenditure is driving the Steam Autoclaves in the healthcare
The market is predicted to develop due to factors such as the rising prevalence of nosocomial infections and rising healthcare spending. The demand for waste sterilization and waste management solutions is predicted to rise as the amount of medical and bio-hazardous waste created by hospitals, life science research centers, pharmaceutical facilities, and drug factories grows rapidly. Over the projected period, the market is expected to be driven by a growing global population and rising incidences of hospital-acquired infections around the world. The introduction of portable steam autoclaves and items capable of handling huge process volumes is expected to increase utilization.
Growing need for Sterilization Devices
Over the coming years, the market is likely to be driven by the increased need for sterilization devices. Continued development of breakthrough technologies that result in lower manufacturing costs and lower market prices for larger steam autoclaves is predicted to boost global adoption rates for these devices.
Strict Government Regulations to restrain the growth of the Market
Over the projection period, rising disposable product trends and stringent government regulations may stifle market expansion.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Steam Autoclaves Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Owing to the increased prevalence of uncommon and infectious diseases, the expanding number of research organizations, and increasing R&D investments for novel drug development, the United States dominates the steam autoclaves market in North America. This will favorably impact market growth. In addition, the senior population is growing, putting them at risk for a variety of chronic conditions.
The entry of the COVID-19 pandemic on a global scale has had an impact on the growth of the steam autoclaves industry. The unexpected epidemic of SARS-CoV-2 has hampered trade and movement of goods, as well as shut down large sectors of the global economy and disrupted supply chains, all of which have hampered market expansion. However, due to the steam autoclaves' ability to protect against the SARS-CoV-2 virus, there has been a significant surge in demand for them during the ongoing pandemic.
|The market size value in 2021
|USD 2.3 billion
|Revenue forecast in 2031
|USD 5 billion
|CAGR of 8.3% from 2021 to 2031
|The base year for estimation
|Revenue in USD million and CAGR from 2021 to 2031
|Revenue forecast, company ranking, competitive landscape, growth factors, and trends
|Product, Technology, Application, End-Use, and Region
|North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
|Key companies profiled
|Belimed AG, BMM Weston Ltd., Getinge AB, LTE Scientific Ltd, PHC Corporation, Priorclave Ltd., Tuttnauer, STERIS plc, Astell Scientific, ZIRBUS technology GmbH, Accumax India, Consolidated Sterilizer Systems, MATACHANA GROUP, Sterigenics International LLC, and Mar Cor Purification Inc. and other prominent players.
The Steam Autoclaves Market size was estimated at USD 2.3 billion in 2021 and is expected to reach 5 billion by 2031.
Key players: Belimed AG, BMM Weston Ltd, Getinge AB, LTE Scientific Ltd, PHC Corporation, Priorclave Ltd., Tuttnauer, STERIS plc, Astell Scientific, ZIRBUS technology GmbH, Accumax India, Consolidated Sterilizer Systems, MATACHANA GROUP, Sterigenics International LLC, Mar Cor Purification Inc.
The gravity Displacement segment is anticipated to hold the largest Plastic Injection Molding Machine Market.
Drivers: Rising healthcare expenditure is driving the Steam Autoclaves in the healthcare
Autoclaves are used to disinfect and sterilize items in a physical manner. They use a combination of steam, pressure, and time to accomplish their goals. To destroy spores and bacteria, autoclaves use high pressure and temperatures.
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