Laboratory sterilizers: Key market research findings
- Increasing prevalence of nosocomial infections propels market growth
- Heat sterilization segment accounts for a majority share of the market revenue
- Key vendors – Astell, Belimed, Getinge, STERIS, and Tuttnauer
Technavio’s market research analysts predict the global market for laboratory sterilizers to grow at a CAGR of over 7% between 2016 and 2020. Rising incidences of nosocomial infections is augmenting the demand for laboratory sterilizers in the market globally. Nosocomial or hospital-acquired infections are those that an individual gets while receiving medical treatment from a healthcare facility. The number of nosocomial infections has been on the rise over the past decade due to the improper disposal and disinfection techniques and procedures employed in hospitals and clinics around the world. During 2015, the global laboratory sterilizers market was dominated by the Americas with a market share of around 34%. The presence of several key vendors in the US will reflect positively on the growth of the laboratory sterilizer market in the Americas during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the laboratory sterilizers segments based on the technology.
“Advancements in technology is resulting in the development of laboratory sterilizers that are smarter and more flexible. This allows them to function efficiently with minimum human input. These sterilizers can also be integrated to work in tandem with other devices or instruments in the lab. Products such as the CertoClave Essential have improved connectivity and allow data logging and remote monitoring of equipment functions and outcomes,” says Abhay Sinha, Lead Analyst, New Coverage, Technavio Research.
In 2015, the heat sterilization segment accounted for more than 59% of the overall market share to become the key revenue generating segment of the market. Autoclaves were the largest product segment within the heat sterilization market, with the demand concentrated around South America and APAC. The rise in the number of hospital-acquired infections over the past five years, particularly in North America will fuel the demand for autoclaves, and subsequently the growth of this market segment over the next four years.
The key vendors in the global laboratory sterilizers market include Astell, Belimed, Getinge, STERIS, and Tuttnauer. Vendors are increasingly directing their marketing efforts toward creating category and brand awareness. The market includes manufacturers of small tabletop sterilizers as well as large industrial autoclaves. For the manufacturers of smaller equipment, the e-commerce platform has been leveraged to promote and market their offerings over the past decade, and this trend is likely to gain traction during the forecast period. For providers of larger equipment, the offerings are often in the form of a solution rather than a product. Each solution is often customized to meet customer needs and functions.
A more detailed analysis is available in the Technavio report, Global Laboratory Sterilizers Market 2016-2020.
