NEW YORK, May 24, 2018 (GLOBE NEWSWIRE) -- The global autoclave market was estimated at USD 3,500 million in 2017 and is expected to reach USD 5,610 million in 2024 at a CAGR of 6.7% during the forecast period. Rising incidence of nosocomial infections in hospital & other healthcare facility and growing application of autoclave in research and development projects has led to an overall increase in global autoclave market size. Moreover, stringent government regulation towards the sanitation and hygiene policy in pharmaceutical and healthcare sector further propels the market growth.
Growing demand for Autoclaves across various medical end-use industries
Autoclaves provide a physical method for sterilization and disinfection. Autoclave use heat, pressure, and water to create superheated steam that kills microorganisms and spores. Autoclaves are equipment used for sterilizing equipments across medical, pharmaceutical, dental, veterinary science, tattooing, food industry, mycology, R&D projects, and prosthetics fabrication industry. Demand for more sophisticated sterilization technologies has increased significantly in recent years owing to growing number of invasive surgery and rising awareness.
The demand of autoclaves equipments in dental industry is rising owing to increasing incidence of dental disorders as well as increasing number of dental surgeries. The autoclaves provide sterilization for dental equipment to remove harmful microorganisms. Government initiatives towards the hygiene policy and sanitization have forced the pharmaceutical and medical sector to adopt proper sterilization procedure thus boosting the demand for autoclave equipments in the global market.
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Autoclave Market Regional Insight
North America held the largest market share of the global market in 2017. The growth in the region is attributed to increasing expenditure on pharmaceutical and healthcare coupled with growing number of hospitals and surgical centers. Additionally, technological advancement in autoclave equipment has led to its increasing application across various sectors, proving boost to the market growth. Asia-Pacific is expected to grow highest rate, owing to rising demand by healthcare sector, and increasing number of research and development projects across the region.
Key findings from the report:
- On the basis of technology, the steam autoclave segment held the major share of the market in 2017,owing to the rising demand in sterile processing departments, ambulatory surgery centers, laboratories and other medical clinics
- Based on the application, the pharmaceutical segment held the major share of the market in 2017. Stringent government regulation towards hygiene policy and growing r pharmaceutical industry has generated high demand for autoclave equipments.
- Geographically, North America held the largest share in the market in 2017.
- Some of the key companies operating in the market include Thermo Fisher Scientific; Astell Scientific; Tuttnauer Co. Ltd.; SAKURA SEIKI Co.,Ltd.; Microbiology International; Benchmark Scientific, Inc.; Getinge AB.; SHINVA MEDICAL INSTRUMENT CO., LTD; Belimed; PHC Corporation; MELAG Medizintechnik oHG; Amerex Instruments, Inc.; Walton Process Technologies, Inc; ZIRBUS technology GmbH, and among others
This report segments global autoclave market by product type, capacity, technology, application, and region.
By Product Type
- Vertical
- Horizontal
- Table Top
- Floor Standing
- High Pressure
By Capacity
- 50-200 liters
- 200-500 liters
- 500-1000 liters
- 1000-2000 liters
- >2000 liters
By Technology
- Dry Heat Autoclave
- Steam Autoclave
- Chemical Solution Autoclave
- Glass Bead Autoclave
By Application
- Medical
- Pharmaceutical
- Dental
- Aerospace
- Laboratory
- Others
By Region
- North America
- Latin America
- Europe
- Asia-Pacific
- Middle East and Africa
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