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North America Sterilization Equipment Market Forecast 2019-2028

The North America sterilization equipment market is estimated to record a CAGR of 7.13%, during the forecast period of 2019 to 2028. Primarily, the growing number of hospital-acquired infections and the COVID-19 pandemic is attributed to the region's market growth.

The North America sterilization equipment market growth is analyzed by assessing Canada and the United States. Canada is witnessing a surging number of hospital-acquired infections (HAIs), which generates massive demand for medical equipment sterilization. According to the Canadian Nosocomial Infection Surveillance Program (CNISP), in 2017, 1 in 217 patients developed a hospital-related infection.
Additionally, Health Canada, in March 2018, reclassified various sterilizing and disinfectant solutions like lens cleaners. The revision was introduced as a measure to align more closely with the United States Food and Drug Administration (FDA) regulations and guidelines. According to Health Canada, disinfectants and sterilization solutions were intended to be used on medical equipment that does not comply with the Canadian Food and Drug Regulations' demarcation of an ¬Ďantimicrobial agent.' As a result, they were categorized as Class II devices instead, from March 16, 2018.
Owing to the COVID-19 pandemic, Canada's Prime Minister declared the partnership of the country's government with Canadian industries, in March 2020. The alliance aims to battle the coronavirus outbreak by developing and increasing the production of medical equipment, including peripherals, ventilators, cleaning and sterilization chemicals and equipment, and personal protective equipment (PPE). Thus, these factors are estimated to augment the demand for sterilization equipment, and boost market growth.

3M Company, Advanced Sterilization (Acquired by Fortive), Cantel Medical, Getinge AB, Cardinal Health, etc., are among the prominent companies operating in the market.

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North America Sterilization Equipment Market Forecast 2019-2028
Published By :Inkwood Research
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