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Asia Pacific Sterilization Equipment Market Forecast 2019-2028

The Asia Pacific sterilization equipment market is expected to garner a CAGR of 6.97%, across the forecast years of 2019 to 2028. The region's market growth is influenced by the expanding processed food and beverage market, the rising need to battle persistent pathogens, the coronavirus pandemic, and growing awareness regarding hygiene.

The Asia Pacific sterilization equipment market is assessed across India, China, Australia & New Zealand, Japan, South Korea, and the rest of the Asia Pacific. As the Indian economy continues to grow, the country's healthcare system is subsequently improving. Also, the demand for sterilization equipment is witnessing a rapid surge, owing to the high incidence of chronic illnesses, the rising number of surgical procedures, and the prevalence of hospital-acquired infections due to extended hospital stays. As per the research article published in January 2019, Advances in Total Knee Replacement Surgery, over 1,00,000 total knee replacement surgeries are performed in India, each year.
Additionally, the COVID-19 pandemic has caused government authorities, hospitals, and medical facilities in India to improve sterilization practices in healthcare institutions and control the virus's transmission. According to the Ministry of Health and Family Welfare, Government of India, more than 5,000 positive cases of the novel coronavirus and more than 165 deaths were registered in the country at the beginning of April, 2020. Moreover, the region's market for sterilization equipment is projected to observe considerable growth across the forecast period, as a result of the rising population and increasing awareness among individuals regarding personal hygiene.

Acclaimed players in the market include, 3M Company, Matachana, Cardinal Health, Stryker Corporation (TSo3 Inc), MMM Group, etc.

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Asia Pacific Sterilization Equipment Market Forecast 2019-2028
Published By :Inkwood Research
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