Technology and Key Players, Forecast To 2023
Global Sterilization Equipment Market will grow at CAGR of 7% over the forecast period between 2018 and 2023.
The increasing instances of hospital-acquired infections, growing number of surgical-based procedures, growing awareness concerning food disinfection and sterilization are some of the significant factors that are expected to contribute to the overall growth of the market.
However, at the same time, strict government regulations, the high cost associated with the equipment, and the lack of awareness among the masses can dampen the growth of the global market in the forthcoming years.
This is due to the presence of a well-developed healthcare system, adoption of advanced forms of technology, rising number of surgical procedures due to the expanding geriatric population, and increasingly disciplined sterility guidelines.
Additionally, a growing percentage of road accidents is also aiding the market growth in the European region.
