An Autoclave is a machine used to sterilize lab equipment and waste generated in industries and scientific laboratories. It uses pressurized steam to kill bacteria such as fungus, viruses and spores on items kept under the pressure in the vessel. There are different kinds of autoclave machines based on the material and scale of operation. The biggest driver for the autoclave market is the increase in demand for sanitization and handling viruses and bacteria in times of COVID-19. Most healthcare professionals and hospitals are installing autoclave machines on a priority basis. Also rising awareness among citizens and health professionals for safety from viruses and bacteria has led to the growth of the autoclave market. Government initiatives for virus protection have also made hospitals adopt autoclave machines. The capital investment required for installation too is not as high as other alternatives available in the market which has led to the adoption of Autoclaves across the forecast period. For instance, according to the Centers for Disease Control (CDC) analysis, around 99,000 people die every year due to HIA infections. Furthermore, according to the World Health Organization (WHO), an estimated 15% of all hospitalized patients suffer from these infections every year. As a result, huge investment is made for the installation of autoclaves. However regular maintenance impedes the growth of the market over the forecast period of 2020-2027. Also, an opportunity is an increasing demand for virus protection which will lead to the growth of the autoclave market.
Global Autoclaves Market is valued at approximately USD 2048.72 million in 2019 and is anticipated to grow with a healthy growth rate of more than 8.7 % over the forecast period 2020-2027.
The regional analysis of the global Autoclaves Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing expenditure on health care sector and rising number of hospitals has led to the increase of autoclave market. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising awareness for safety and improving healthcare infrastructure would create lucrative growth prospects for the Autoclaves Market across the Asia-Pacific region.
Major market player included in this report are:
Getinge, Steris Corporation, Belimed, Tuttnauer, MMM, Yamato, Systec, Sanyo, MELAG, Astell
The detailed segments and sub-segment of the market are explained below:
By product type: Vertical, Horizontal, Table Top, Floor Standing, High pressure
By technology: Dry Heat Autoclave, Steam Autoclave, Chemical Solution Autoclave, Glass Bead Autoclave
By application: Medical, Pharmaceutical, Dental, Aerospace, Laboratory, Others
By Region: North America, Europe, Asia Pacific, Latin America, Rest of the World
Furthermore, the years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Autoclaves Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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