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Top Trends in Sterilization Monitoring Market to 2022 “Key Insights, Company Profiles, Industry Shares and Global Forecast”

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December 6, 2017 in Entertainment

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Geographically, sterilization monitoring market segmented into North America, Europe, Asia-Pacific, and RoW. Among the four geographic regions, North America is estimated to command largest share of sterilization monitoring market in 2017, followed by Europe and Asia-Pacific. Emerging markets, including India & China, have become attractive destinations for companies engaged in development & marketing of sterilization monitoring products.

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The global sterilization monitoring market is projected to reach USD 631.0 Million by 2022, at a CAGR of 7.5% in forecast period (2017–2022). Factors like rising incidence of hospital-acquired infections, increasing number of surgical procedures coupled with the rising geriatric population & chronic disease incidence, technological advancements in sterilization monitoring products, & rising focus on food sterilization are major factors driving growth of this market.

Stakeholders
• Sterilization monitoring device manufacturers
• Sterilization monitoring service providers
• Pharmaceutical, biotechnology, and medical device companies
• Hospitals and clinical laboratories
• Food & beverage companies
• Academic and research institutes
• Regulatory bodies

Sterilization monitoring market report covers across four major geographies, namely, North America, Europe, Asia-Pacific, & Rest of the World (RoW). North America is expected to account for the largest share of the global market in 2017, followed by Europe and Asia-Pacific.

The high growth of this regional segment can be attributed to growth in per capita income, increasing number of hospitals, growth in geriatric population, increase in the number of surgical procedures, and growth in the pharmaceutical and medical devices industry.

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Sterilization monitoring market segmented into biological monitoring, chemical monitoring, and mechanical monitoring. Biological monitoring segment expected to account for largest share of market.

Global Sterilization Monitoring Market, by Method of Sterilization

• Steam Sterilization
• Ethylene Oxide Sterilization
• Hydrogen Peroxide Sterilization
• Formaldehyde Sterilization

Global Sterilization Monitoring Market, by Process
• Pack Monitoring
• Load Monitoring
• Equipment/Process Monitoring
• Exposure Monitoring

Global sterilization monitoring market is highly competitive, with a large number of global and local players. In 2016, global sterilization monitoring market was dominated by3M Company (U.S.),Getinge Group (Sweden),Cantel Medical Corp. (U.S.), and STERIS plc (U.S.). Product launches & showcases and acquisitions were major strategies adopted by market players to achieve growth in sterilization monitoring market.

Connect for More Details for Discount and More Information “Sterilization Monitoring Market by Technology (Biological, Chemical), Product (Self-contained Vials, Integrating, Emulating & Bowie-dick Indicators), Method (Steam, EtO), Process (Pack, Load), End User (Hospitals, Pharma Companies) – Global Forecast to 2022” report @ https://www.medgadget.com/2017/11/sterilization-monitoring-market-trends-and-key-insights-pharmaceutical-biotechnology-and-medical-device-holds-the-largest-shares.html .

The food service packaging market has been segmented into three types, namely, flexible, paper & paperboard, and rigid. Flexible segment led demand for packaging in food service packaging in 2016 and is projected to grow at highest CAGR from 2017 to 2022.

Factors such as cost-effectiveness, ease of handling, and ability to package frozen food and ready-to-eat food are driving demand for flexible packaging. Ability to withstand high temperature is also influencing growing application of flexible packaging in food service packaging market.

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