During the past decade, the Hospital Sterilizer Australia Market has witnessed an incredible growth. This growth has been primarily driven by factors such as the growth in healthcare and the increasing awareness about patient safety.
What is the Hospital Sterilizer Market Growth in the Asia-Pacific Region?
Increasing rates of hospital-acquired infections (HAIs) are expected to boost the demand for hospital sterilizer equipment in Asia. These equipments are used to keep surgical instruments sterile. The market is projected to grow rapidly over the next five years.
Asia-Pacific accounts for around 20% of the global sterilization equipment market. The region is expected to grow at a 7.75% CAGR from 2022-2028.
The market is dominated by China. The increasing disposable income in Asia is driving growth in this market. The rising rate of surgical procedures is also contributing to growth in this market. In addition, the increasing rate of healthcare reforms in the region is expected to drive growth.
Asia-Pacific has a large number of patients and an aging population. The increasing geriatric population is expected to drive demand for sterilization equipment.
How is the China Hospital Sterilizer Market Expanding?
Increasing geriatric population, rising surgical volumes, and increasing number of HAIs are driving demand for hospital sterilizer equipment in China. The market is expected to exhibit lucrative growth over the forecast period.
APAC is expected to lead the global hospital sterilizer market during the forecast period. The region is dominated by China, India, and Japan. The market in APAC is expected to reach USD million by 2028.
Asia-Pacific hospital sterilizer market is driven by increased focus on quality control, medical tourism, and increasing number of surgical procedures. In addition, the market is driven by increasing demand from countries such as India and China.
Hospital-acquired infections (HAIs) are one of the most significant causes of morbidity and mortality worldwide. These infections are caused by a variety of bacteria and can be transmitted from one patient to another. Several initiatives have been undertaken to ensure that hospitals maintain a sterile environment.
India’s Market of Hospital Sterilizers
Increasing instances of hospital-acquired infections, and surgical procedures are boosting the demand for hospital sterilizers in India. The market is projected to witness substantial growth over the forecast period.
Hospital-acquired infections are caused by poor hygiene, bad environmental conditions, and a lack of proper sanitation in healthcare settings. The emergence of antibiotic resistance is also contributing to the rising prevalence of chronic diseases. The use of catheters and other medical devices may also increase the risk of HAIs. Insufficient sterilization of equipment used during hospital admissions, such as ventilators, catheters, and surgical instruments, contributes to the emergence of these infections.
Hospital sterilizers are used to reduce the spread of diseases and to maintain a sterile environment during surgical procedures. Hospitals in India and other countries in the Asian region are expected to witness a surge in the adoption of hospital sterilizers.
Middle East & Africa Market of Hospital Sterilizers
Several factors are driving the Middle East hospital sterilizer market. Among these, increased demand for modern technologies is one of the key factors. In addition, growing medical tourism industry in the region is also contributing to the growth.
However, stringent regulatory standards limiting the usage of sterilization technologies in the region are hampering the market growth. Nevertheless, the Middle East & Africa hospital sterilizer market is projected to grow at a healthy CAGR of more than significant percent during the forecast period.
The increasing number of hospital-acquired diseases is also anticipated to drive the market. Also, several key players are present in the Middle East & Africa medical device sterilization market.
Market of Hospital Sterilizers in Latin America
Increasing number of hospitals, and rising awareness on infectious diseases are some of the key factors driving the growth of Latin America hospital sterilizer market. The medical tourism industry in the region is also expected to boost growth.
The market is segmented on the basis of application, regions, products, and countries. The hospitals and clinics application segment are expected to dominate the market during the forecast period. This segment is also expected to witness the fastest growth rate.
The equipment segment has been the largest market in 2020. This segment is also expected to continue to dominate the market in the forecast period.
The Bottom Line
The rise in HAIs and the need for food safety are some of the key factors driving the growth of the equipment market. Moreover, the market is driven by the rise in the population and increasing number of chronic diseases. This is also attributed to increased number of examinations and operations. All these factors combined are driving the growth of hospital sterilizer market.