This market research report presents a detailed segmentation of the global autoclave market by product (vertical, horizontal, benchtop, and others), by end-user (pharmaceutical and healthcare, aerospace, and others), and by geography (Americas, APAC, Europe, and MEA). The top vendors identified in the market are Astell Scientific, Benchmark Scientific, MELAG, Panasonic Biomedical, and Tuttnauer.
Technavio’s market research analysts estimate the global autoclave market, to grow at a CAGR of more than 7% between 2016 and 2020. The rising demand for sterilized equipment and supplies from the healthcare sector is driving the market for autoclave globally. An increase in the number of healthcare facilities and expansion of existing facilities will propel the market for autoclave until the end of 2020. The Americas is the largest market for autoclave, owing to increased investments in research facilities from Brazil, Chile, and Columbia. Also, rise in stringent sanitation and safety regulations has led to increased demand for autoclaves in healthcare facilities in the coming five years.
The new market research report from Technavio provides a breakdown and analysis of the autoclave segments by technology.
“With technological advancements, vendors have come up with the new autoclaves that are smarter and more flexible, and can function with minimum human input. These autoclaves can be integrated with work in sync with other devices or instruments in the laboratory. Moreover, improved connectivity enables easy logging of data and remote monitoring of equipment results. Therefore, smarter autoclaves not only reduce functioning complexities but also allows accurate monitoring for better end results, leading to their increased demand until the end of 2020,” says Abhay Sinha, Lead Analyst, New Coverage, Technavio Research.
Currently, the pharmaceutical and healthcare segment leads the global autoclave market, accounting for more than 38% of the overall revenue market. Factors such as the rising demand for autoclaves in the medical and healthcare sector due to the increase in the number of laboratories and other facilities will bolster the growth prospects of this segment during the forecast period.
The leading vendors in the global autoclave market include Astell Scientific, Benchmark Scientific, MELAG, Panasonic Biomedical, and Tuttnauer. This market is highly consolidated and dominated by the top five players in the market. These vendors have a strong global presence with support centers worldwide, allowing them to cater to a larger market efficiently. The competitive environment is expected to increase in due to the product extensions, new products, and new applications of the products and services provided.
A more detailed analysis is available in the Technavio report, Global Autoclave Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
