Steam Autoclaves Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The steam autoclaves market will show a rapid growth due to the rising prevalence of hospital-acquired infections, the growing need to manage bio-hazardous and medical waste, and the growing adoption of central sterile supply department (CSSD) in healthcare establishments.
There has been an increasing incidence of hospital acquired infections, that is fuelling the growth of the global steam autoclaves market. Hospitals are found boosting their infection control protocols to avoid or destroy hospital-acquired infections for the patient and hospital staff's safety is driving demand for steam autoclaves.
There is also a need for hazardous waste management that is also increasing in the healthcare sector. Maintaining the clean, sterilized and disinfected environment in hospitals has also become crucial and thus there has been a growing usage of steam autoclaves and adoption of central sterile services department (CSSD) framework that will boost the market. Therefore with the increasing demand the steam autoclaves market is expected to grow at a rapid pace.
The vertical steam autoclaves delivers flexible solutions of steam sterilization in hospitals, clinics and other areas of application, where reliable steam sterilization is a mandatory process and it is found to be safe and an efficient sterilization process.
Vertical steam autoclaves market is expected to grow at high CAGR owing to its increasing use in hospitals, clinics, bacteriological and research laboratories, beverage and food units that will result in its growing demand, thereby augmenting the business growth. Therefore due to the growing need for hazardous waste management and medium capacity laboratory sterilization solutions, vertical steam autoclaves are expected to grow over the forecast period.
In the North American region, the United States dominates the steam autoclaves market, as there is a rising prevalence of rare and infectious diseases, a growing number of research organizations, and increasing R&D investments for new drug development, which will positively impact the market growth. There is also an increasing geriatric population prone to suffer from various chronic diseases. The rising chronic diseases is expected to boost the demand for biopharmaceuticals resulting into high growth of the steam autoclaves market in the near future.
In addition, the growing concern for controlling the spread of hospital-acquired infections across the North American region & increasing adoption of CSSD framework region that is expected to drive demand for sterilization and disinfection products and devices throughout the forecast period.
The steam autoclaves market is highly competitive, as it witnesses frequent mergers, acquisitions, and strategic alliances. Mergers and acquisitions have resulted in increasing the operational capabilities of the companies and have increased their efficiency to expand within the market, by providing better solutions. The new product launches in different regions will also enhance the growth of these companies.