Request Sample
Request Methodology
Description
Asia Pacific Sterilization Equipment Market size was valued at XX billion in 2021 and is expected to grow at a CAGR of 7.8% during the forecast period 2022-2028. Sterilization is the process of destroying the living microorganisms that includes transmissible agents such as spore forms, bacteria, fungi, and unicellular eukaryotic organisms from medical equipment, surface, and fluids and among others. Sterilization is mandatory in medical industry to improve the efficacy and safety of the instruments. Sterilization can be done by various processes such as chemical, heat, high pressure, irradiation, and filtration. Chronic diseases such as HIV and lethal hepatitis may attack due to the use of unsterilized equipment. Rise in incidence of nosocomial infections, developing healthcare infrastructure, and increase in the number of pharmaceutical companies manufacturing activities in Asia Pacific region are anticipated to fuel the market. Moreover, technological advancements in the sterilization process and stringent regulations for infection control and medical safety are expected to boost the market over forecast period. However, high cost of sterilization equipment and regulatory related issues are expected to hamper the growth of sterilization equipment market. Geographically, Asia Pacific sterilization equipment market segmented into India, China, Japan, Australia and New Zealand, South Korea, and Rest of Asia Pacific. China sterilization equipment market is driven by increase in the prevalence of chronic diseases leads to increase the number of surgeries, and adoption of newer technologies in the country. Japan sterilization equipment market is poised to grow at a significant rate owing to increase in the demand for non-disposable medical devices, well-established healthcare infrastructure, and increase in the number of pharmaceuticals, medical devices, and food and beverages companies. In Australia sterilization equipment market players are expanding their business by collaboration. For instance, in August 2016, MMM group partnered with MEIKO Australia for the expansion of sterilization product portfolio. Moreover, increasing medical tourism in Asia Pacific countries is bolstering the market in Asia Pacific region.
