It is mandatory for medical devices to be sterilized in accordance with internationally agreed upon voluntary consensus standards recognized by FDA. Food and Drug Administration has been considering a master file pilot program for premarket approval (PMA) holders, especially whose approved devices are sterilized with the use of radiations, such as gamma radiation.
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Data Bridge Market Research analyses that the medical device sterilization market is expected to grow at a CAGR of 8.3% in the forecast period of 2021 to 2028 and is expected to reach USD 7,665.99 million by 2028. The rise in prevalence of chronic diseases is escalating the growth of medical device sterilization market.
Surge in Number of Surgeries is expected to drive the market's growth rate
Surgery is considered an essential and fundamental parameter for managing various health conditions, such as malignancy, injuries, obstructed labor, and cardiovascular diseases, among others of a functioning health system. According to various healthcare organizations, surgery is the preeminent parameter during numerous treatments. The requirement of surgical procedures has increased worldwide, according to the incidence and prevalence of the diseases. The number of surgeries are medical and technological advancements, including developments in surgical procedures.
Report Scope and Market Segmentation
Report Metric
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Details
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Forecast Period
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2021 to 2028
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Base Year
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2020
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Historic Years
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2019 (Customizable to 2013 - 2018)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Instruments, Reagents, and Services), By Technology (Thermal Sterilization, Ionizing Radiation Sterilization, Filtration Sterilization, and Gas and Chemical Sterilization), By End-User (Pharmaceutical Companies, Hospitals, Clinics, Laboratories, Academic, and Research Institutes, Medical Device Manufacturers and Others), Distribution Channel (Direct Tenders, Retail Sales and Third-Party Distributor)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Getinge AB (Sweden), Cardinal Health (US), STERIS (US), 3M (US), Biobase Biodusty (Shandong), Co., Ltd. (China), Midmark Corporation (US), Merck KGaA (Germany), Dentsply Sirona (US), MATACHANA GROUP (Spain), W & H Dentalwerk Bürmoos GmbH (Austria), SciCan Ltd. (Canada), MELAG Medizintechnik GmbH & Co. KG (Germany), MMM Group (Germany), Sterigenics U.S., LLC (US), ASP (US), Tuttnauer (Netherlands), Steelco S.p.A. (Italy), Belimed AG (Switzerland), and Systec GmbH (Germany), among others among others.
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Data Points Covered in Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The advanced wound care market is segmented on the basis of product, technology, end-user, and distribution channel.
In 2021, the thermal sterilization segment is expected to account for the largest share of technology segment in the medical device sterilization market
The thermal sterilization segment holds maximum market share in 2021 owing to escalating number of surgeries. The thermal sterilization segment is growing with a CAGR of 8.5% in the forecast period of 2021 to 2028. This surge in the healthcare expenditure also accelerate the growth of the respective segment.
Major Players
Data Bridge Market Research recognizes the following companies as the major analytical laboratory services market players in medical device sterilization market Getinge AB (Sweden), Cardinal Health (US), STERIS (US), 3M (US), Biobase Biodusty (Shandong), Co., Ltd. (China), Midmark Corporation (US), Merck KGaA (Germany), Dentsply Sirona (US), MATACHANA GROUP (Spain), W & H Dentalwerk Bürmoos GmbH (Austria), SciCan Ltd. (Canada), MELAG Medizintechnik GmbH & Co. KG (Germany), MMM Group (Germany), Sterigenics U.S., LLC (US), ASP (US), Tuttnauer (Netherlands), Steelco S.p.A. (Italy), Belimed AG (Switzerland), and Systec GmbH (Germany), among others among others.
Market Developments
Regional Analysis
Geographically, the countries covered in the medical device sterilization market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in medical device sterilization market during the forecast period
North America dominated the medical device sterilization market due to the region's prevalence of chronic diseases. North America will continue to dominate the analytical laboratory services market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the surge in the investments in the region.
Asia-Pacific is estimated to be the fastest growing region in analytical laboratory services market
Asia-Pacific is expected to grow during the forecast period of 2021 to 2028 due to the escalation in the number of surgeries. In addition to this, growing medical tourism in the region.
COVID-19 Impact Analysis
COVID-19 had a limited impact on the medical device sterilization market. Both public and government sectors suffered greatly due to the facing financial crises during the outbreak of COVID-19. Businesses were shut down in numerous countries because of the social distancing guidelines and the imposition of lockdown. The medical device sterilization market adversely affected by due to the low availability of raw materials. However, government bodies increased the support vaccine development due to the pandemic's economic and social burden. The initiatives taken by government led to an increase in the adoption of pyrogen testing products for COVID-19 research. The vaccine manufacturing increased owing to the outbreak of COVID-19. Bacterial endotoxin testing is considered an important quality assurance measure for ensuring the safety of patients. . The medical device sterilization market is expected to witness healthy growth in post-pandemic as well owing to its application in combating various other factors epidemics in the future.
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Global Medical Device Sterilization Market – Industry Trends and Forecast to 2029
North America Medical Device Sterilization Market – Industry Trends and Forecast to 2028
Europe Medical Device Sterilization Market – Industry Trends and Forecast to 2028
Asia-Pacific Medical Device Sterilization Market – Industry Trends and Forecast to 2028
Middle East and Africa Medical Device Sterilization Market – Industry Trends and Forecast to 2028