With 8.7% CAGR Steam Autoclaves Market to beat USD 3 billion by 2024

Global Steam Autoclaves Market to cross USD 3 billion by 2024; as per a new research report by Global Market Insights, Inc.Rising incidences of nosocomial infections coupled with soaring number of surgical procedures will drive steam autoclaves market growth over the forecast timeframe. Enhanced efficiency of steam sterilization owing to improved penetration power, and higher temperature, leading to elimination of microorganisms will increase adoption rate.

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Growing Central Sterile Supply Department (CSSD) floor framework adoption by hospitals and other healthcare establishments for scrutinizing the increasing rate of hospital acquired infections will propel growth. The adoption of CSSD framework also ensures sterilization of all medical supplies and equipment used in hospitals, fueling steam autoclaves market growth.Growing requirement for managing the increasing medical and bio-hazardous waste generated by pharmaceuticals and biopharmaceutical companies along with healthcare setting such as hospitals, life science facilities will accelerate market growth.

However, high costs associated with large capacity and specialized autoclaves might hinder market growth. Dearth of appropriate implementation of sterilization guidelines established by regulatory authorities such as U.S. FDA, CE will restrain growth. Furthermore, scarcity of standard disinfection and sterilization guidelines in developing countries of Latin America and Asia Pacific such as China should obstruct industry expansion.Table top steam autoclaves market is prophesied to grow at the fastest rate during the forecast period. Less space requirement and higher convenience in operation will drive table top steam autoclaves market over the coming years.

High pressure steam autoclaves market will witness significant growth owing to its ability of handling all type of bulk sterilization requirements coupled with robust construction. Increasing demand for bulk sterilization in medicine, agriculture, and pharmaceutical sectors will favor business growth.Increasing demand for portable autoclaves will stimulate growth of floor standing autoclaves market over the coming years. Big interior chamber allowing disinfection of high sterilization requiring goods along with low charging height will augment adoption rate.

Laboratory steam autoclaves market is foreseen to witness lucrative growth over the forecast timeframe. The increasing amount of waste emitted from pharmaceutical companies and healthcare facilities such as clinics resulting in rising demand for optimal waste management of biohazardous and medical waste will drive laboratory steam autoclave market over the coming years.Germany steam autoclaves market will witness significant growth over the coming years due to rapid technological advancements and rising funding in biopharmaceutical and pharmaceutical industry in the country. Well established healthcare infrastructure, rising healthcare spending will positively impact industry growth.

Vertical steam autoclaves market held the largest market share in the year 2017 and valued at around USD 442.6 million. Vertical steam autoclaves provide efficient and safe sterilisation. Increase in use of vertical steam autoclaves in hospitals, clinics, bacteriological and research laboratories, beverage and food units will result in growing demand, thereby augmenting the business growth.

Table top steam autoclaves market will witness considerable amount of advancement at a CAGR of 9.4% over the forecast period. The growing demand for portable devices will drive table top steam autoclaves market over the forecast period. In addition, automated devices have led to development of automatic table top steam autoclaves with varied volume sizes, resulting in growing demand and adoption rate of steam autoclaves.

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Mexico steam autoclaves market will manifest robust growth attributed to the growing incidence of nosocomial infections. Healthcare infrastructure development along with geographical proximity to U.S. will propel industry growth.Few notable industry players include, Priorclave, Nuve, Astell Scientific, Steris, Dental X, LTE Scientific, Medisafe International, Panasonic Healthcare, Zhermack, and Melag. The industry participants are consolidating their market position by focusing on development of low-cost, high capacity steam autoclave to satisfy consumer demand.

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