Global Hospital Sterilization Device Growth Opportunities
Consumables and Services to Ensure Transformational Growth
20-Dec-2023
North America
Market Research
Consumables and services will lead the global demand for sterilization devices because sterilization capital equipment growth is becoming saturated in developed economies. In developing economies, the growing number of healthcare facilities and the focus on reducing infections will boost the uptake of sterilization capital equipment, and consumables and services.
The global sterilization devices market is segmented into washer units (decontamination units), automatic endoscopic reprocessors (AERs), steam sterilization units, low-temperature units (EtO units, low-temperature steam formaldehyde, H2O2), and consumables and services. The geographic scope covers North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. This study covers market sizing in terms of value ($) and average prices ($ for sterilization capital equipment), competitive landscape, market drivers and restraints, trends, and growth opportunities.
The study scope is limited to sterilization devices and services within healthcare facilities. The focus on reducing hospital-acquired infections (HAIs) has ushered stronger sterilization methods to curtail costs. According to the US CDC, HAIs result in about $28.4 billion in direct costs and $12.4 billion in indirect social costs, such as deaths and loss of productivity, every year. Automation of the central sterile services department (CSSD) will bring about significant cost efficiencies, improved workflow, and optimization of resources for healthcare facilities. Automation is becoming a standard in developed economies, and developing economies offer greater growth opportunities. CSSD automation and the use of digital technologies in sterilization will boost revenue. The strong regulatory environment in the United States and Europe and sustainability goals will turn the focus on circular economy, responsible consumption, and re-use of medical devices.
Author: Vittal Bhaskar Rao
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Global Hospital Sterilization Devices Market
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Market Segmentation
Geographic Coverage
Growth Metrics
Growth Drivers
Growth in Surgeries Performed in ASCs
Consumables—The Largest Hospital Sterilization Device Segment
Services to Drive Growth of Hospital Sterilization Devices
Impact of Sustainability on Hospital Sterilization Devices Market Growth
CSSD Automation to be a Growth Driver for Companies Operating in the Hospital Sterilization Devices Market
Growth Restraints
Forecast Assumptions
Revenue Forecast
Revenue Forecast by Segment
Revenue Forecast by Region
Revenue Forecast Analysis
Average Price Forecast by Segment
Pricing Trends and Forecast Analysis
Competitive Environment
Key Competitors
Revenue Share
Revenue Share Analysis
Company Portfolio Mapping
Growth Metrics
Revenue Forecast
Revenue Forecast by Segment
Average Price Forecast by Segment
Forecast Analysis
Growth Metrics
Revenue Forecast
Revenue Forecast by Segment
Average Price Forecast by Segment
Forecast Analysis
Growth Metrics
Revenue Forecast
Revenue Forecast by Segment
Average Price Forecast by Segment
Forecast Analysis
Growth Metrics
Revenue Forecast
Revenue Forecast by Segment
Average Price Forecast by Segment
Forecast Analysis
Growth Metrics
Revenue Forecast
Revenue Forecast by Segment
Average Price Forecast by Segment
Forecast Analysis by Region
Growth Opportunity 1: Consumables and Services
Growth Opportunity 1: Consumables and Services (continued)
Growth Opportunity 2: Domestic Manufacturing
Growth Opportunity 2: Domestic Manufacturing (continued)
Growth Opportunity 3: Ambulatory Surgery Centers (ASCs)
Growth Opportunity 3: Ambulatory Surgery Centers (ASCs) (continued)
Growth Opportunity 4: CSSD Automation and Automated Endoscopy Reprocessors (AERs)
Growth Opportunity 4: CSSD Automation and Automated Endoscopy Reprocessors (AERs) (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
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Deliverable Type | Market Research |
---|---|
Author | Vittal Bhaskar Rao |
Industries | Healthcare |
No Index | No |
Is Prebook | No |
Keyword 1 | Hospital Sterilization Device Market Analysis |
Keyword 2 | Hospital Sterilization Technology Trends |
Keyword 3 | Sterilization Device Market Dynamics |
Podcast | No |
WIP Number | K92B-01-00-00-00 |