Medical Radiation Sterilization Equipment Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.3 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
The global market for medical radiation sterilization equipment was valued at approximately $2.3 billion in 2022, with a compound annual growth rate (CAGR) of 7.5% projected from 2023 to 2030. The steady expansion of the market is driven by the increasing demand for effective sterilization solutions in healthcare settings to ensure patient safety and prevent cross-contamination. Technological advancements in radiation sterilization techniques and rising awareness about infection control are contributing factors to the market's growth. Additionally, stringent regulations and standards concerning sterilization processes further propel the adoption of medical radiation sterilization equipment across various regions.
Emerging opportunities in the market include the growth of healthcare infrastructure in developing regions and the increasing focus on improving sterilization efficiency in response to the rising incidence of healthcare-associated infections (HAIs). Innovations in radiation technology, such as the development of more efficient and user-friendly sterilization systems, are expected to open new avenues for market players. As healthcare facilities worldwide continue to upgrade their sterilization practices to meet evolving standards, there is a significant opportunity for market expansion and the introduction of advanced radiation sterilization solutions.
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Getinge Group
Steris
Advanced Sterilization Products
Belimed
3M
Matachana Group
Cantel Medical
Sterigenics International
MMM Group
TSO3
Getinge Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Medical Radiation Sterilization Equipment Market
Hospitals
Clinics
Ambulatory Surgical Centers
Other
Based on Types the Market is categorized into Below types that held the largest Medical Radiation Sterilization Equipment market share In 2023.
E-Beam Radiation Sterilization
X-Ray Sterilization
Gamma Sterilization
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Medical Radiation Sterilization Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Medical Radiation Sterilization Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Medical Radiation Sterilization Equipment Market, By Type
6. Global Medical Radiation Sterilization Equipment Market, By Application
7. Global Medical Radiation Sterilization Equipment Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Medical Radiation Sterilization Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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