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  • Low Temperature Sterilization Market Growth Analysis | 2021-2026

    Low Temperature Sterilization Market Growth Analysis | 2021-2026

    Low Temperature Sterilization Market Growth Analysis | 2021-2026
    Report code - SRHL227 Delivery - 2 Weeks
    Low Temperature Sterilization Market Size, Share, Trends, Dynamics, Forecast, & Growth See more...

    Market Insights

    The low temperature sterilization market was estimated at USD 1.6 billion in 2020 and is likely to grow at a CAGR of 9.6% during 2021-2026 to reach USD 2.7 billion in 2026.

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    What is low temperature sterilization?

    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.

    COVID-19 Impact

    The 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.

    Low Temperature Sterilization Market Report Highlights

    Market Size in 2020

    USD 1.6 billion

    Market Size in 2026

    USD 2.7 billion

    Market Growth (2021-2026)

    9.6% CAGR

    Base Year of Study

    2020

    Trend Period

    2015-2019

    Forecast Period

    2021-2026

    Key Players

    Key players operating in the market are-

    • 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).

    Market Dynamics

    The growth of the global market is primarily driven by the increasing incidence of hospital-acquired infections in patients specifically the ones that are receiving long-term treatment.

    • The growing preference for low-temperature sterilization techniques over steam to sterilize heat-sensitive surgical equipment and supplies is expected to propel the market growth at a significant rate.
    • Additionally, the increasing prevalence of chronic diseases such as cancer and diabetes and rising safety & hygiene consciousness among consumers is likely to add to the market growth.

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    Segment Analysis

    By Method Type

    Based on the method, the market has been segmented into ethylene oxide, hydrogen peroxide gas plasma, ozone, and others.

    • The ethylene oxide segment accounted for the largest market share in 2020 and is projected to grow at the fastest CAGR during the review period.
    • The segment growth can be attributed to its widespread use in sterilizing both moisture-sensitive devices and heat-sensitive devices.

    Regional Insights

    Geographically, the market in North America accounted for the largest market share in 2020.

    • The regional market growth can be attributed to increasing incidences of hospital-acquired infections due to the prevalence of a large number of people having chronic diseases.
    • Additionally, increasing regulatory policies regarding providing safe and improved healthcare services to patients is likely to drive regional market growth.
    • The market in Asia-Pacific is expected to register the fastest growth during the review period on account of rising consumer awareness regarding hygiene and cleanliness & related infectious diseases.

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    Critical Questions Answered in the Report

    • What are the key trends in the global market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The low temperature sterilization market is segmented into the following categories.

    By Method Type

    • Ethylene Oxide
    • Hydrogen Peroxide Gas Plasma
    • Ozone
    • Others

    By End-User Type

    • Hospitals & Diagnostic Centers
    • Pharmaceutical Companies
    • Medical Devices Companies
    • Research and Educational Institutes

    By Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, and Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil and Others)

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    Target Audience

    Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

    • Low temperature sterilization manufacturers
    • Low temperature sterilization suppliers
    • Low temperature sterilization distributors
    • Organizations
    • Government bodies

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s low temperature sterilization market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

    We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Low Temperature Sterilization Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The low temperature sterilization market was estimated at USD 1.6 billion in 2020.

    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 market.

    The low temperature sterilization market is likely to grow at a CAGR of 9.6% during 2021-2026.

    North America accounted for the largest share of the market in 2020.

    Asia-pacific is expected to register the fastest growth in the market during the forecast period.

    The low temperature sterilization market is likely to reach USD 2.7 billion in 2026.

    Low temperature sterilization manufacturers, Low temperature sterilization suppliers, Low temperature sterilization distributors, Organizations, Government bodies are the target audience in the market.

    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.