Low Temperature Sterilization Market Report
The report on the Global Low Temperature Sterilization Market is segmented by Method (Ethylene Oxide, Hydrogen Peroxide Gas Plasma, Ozone, Others), End User (Hospitals & Diagnostic Centers, Pharmaceutical Companies, Medical Devices Companies, Research and Educational Institutes), and Region. This report also covers the COVID-19 Impact Analysis and Forecast to 2026. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Low Temperature Sterilization market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The report on the Global Low Temperature Sterilization Market is segmented by Method (Ethylene Oxide, Hydrogen Peroxide Gas Plasma, Ozone, Others), End User (Hospitals & Diagnostic Centers, Pharmaceutical Companies, Medical Devices Companies, Research and Educational Institutes), and Region....
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Global Low Temperature Sterilization Market is expected to grow from USD 1.6 billion in 2020 to USD 2.7 billion by 2026 at a CAGR of over 9.6% during the forecast period.
Figure: Global Low Temperature Sterilization Market Size, 2020-2026 (USD Billion)
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Low-temperature sterilization is the most widely used technology to sterilize moisture intolerant or heat-sensitive surgical equipment. Sterilization is a process in which all the microorganisms including bacteria and spores are killed. Some of the commonly used low-temperature sterilization methods include ethylene oxide, hydrogen peroxide gas plasma, and ozone.
Key players operating in the global Low Temperature Sterilization Market are-
The growth of the global low-temperature sterilization market is primarily driven by the increasing incidence of hospital-acquired infections in patients specifically the ones that are receiving long-term treatment.
Based on the method, the market has been segmented into ethylene oxide, hydrogen peroxide gas plasma, ozone, and others.
Geographically, the market in North America accounted for the largest market share in 2020.
Covid-19 outbreak impacted the growth of the low-temperature sterilization market positively. The emphasis on maintaining proper hygiene and cleanliness in the hospitals increased due to fear of coronavirus infections and thus, propelled the market growth. Additionally, a low-temperature sterilization technique was used to sterilize the respirators and other devices in the hospitals.
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Here is the list of the group of customers that the Global low temperature sterilization market hopes to have the greatest opportunity to convert-
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The low temperature sterilization market size is expected to reach USD 2.7 billion in the foreseeable future.
3M (The U.S), Gentinge AB (Sweden), Johnson & Johnson (The U.S), Steris Corporation (The U.S), Belimed AG (Switzerland), TSO3 INC. (Canada), Becton, Dickinson and Company (The U.S), Sterigenics LLC (The U.S.), Cantel, Medical Corporation (The U.S), E-BEAM Services, Inc. (The U.S) and Fortive (The U.S) are among the key players in the low temperature sterilization market.
The low temperature sterilization market is expected to grow at an impressive CAGR of 9.6% in the coming years.
North America accounted for the largest share of low temperature sterilization market in 2020.
Asia-pacific is expected to register the fastest growth in the low temperature sterilization market during the forecast period.
The ethylene oxide segment is expected to grow at the fastest CAGR in the low temperature sterilization market in the coming years.
Low temperature sterilization manufacturers, Low temperature sterilization suppliers, Low temperature sterilization distributors, Organizations, Government bodies are the target audience in the low temperature sterilization market.