Sterilization Technologies Market Size is expected to be valued at USD 7,323.98 million in 2022 and growing at a CAGR of 6.4% over the forecast period by 2028. There are multiple factors such as geriatric population, rise in number of hospital-acquired infections, expansion of processed food & beverage market, and increase in adoption of sterilization technologies in medical, and cosmetic industries which act as the drivers in global sterilization technologies market. The key restraints that effect the market are high cost of sterilization equipment & devices, regulations associated with harmful gases. It has been anticipated that E-beam and gamma sterilization would boost intense opportunities for the global sterilization technologies market This report studies global sterilization technologies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global sterilization technologies market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global sterilization technologies market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global sterilization technologies market.
In June 2018, Fortive Corporation announced a binding offer with Johnson’s and Johnson’s to acquire Advanced Sterilization Products Services Inc.
In September 2017, 3M purchased the ownership interests of Elution Technologies, LLC, which manufactures test kits to check for the presence of food allergens in food & beverages.