TechNavio recognizes the following companies as the key players in Global Sterilization Products and Services Market: Steris International Inc., Getinge AB, Advanced Sterilization Products Inc., and 3M Corp.
Commenting on the report, an analyst from TechNavio’s team said: “The changing dynamics of healthcare regulations, economic fluctuations, and the cost management strategies of the many medical device manufacturers, pharmaceutical product manufacturers and other life science products manufacturers are outsourcing their activities to third-party agencies or contract sterilization service providers. This trend is expected to continue during the forecast period. Hence, the Global Contract Sterilization Services market is expected to witness the fastest growth during the forecast period. This, in turn, is expected to bolster the growth of the Global Sterilization Products and Services market.”
According to the report, one of the major drivers in this market is the increasing prevalence of hospital-acquired infections. The prevalence rates are expected to increase in proportion to the increasing patient admittance in hospitals. Hence, sterilization methods and their products are required to inhibit the spread of infections.
Further, the report states that one of the major challenges in this market is the stringent government regulations. Delays in approval or rejection incur additional cost burden to the manufacturers.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-sterilization-products-and-servic…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report – Global Sterilization Products and Services Market 2014-2018
