Emphasis on Product (Table Top, Vertical, Horizontal, Floor Standing, and High Pressure); Technology (Gravity Displacement, Pre-Vacuum, and Steam Flush); Application (Medical, Dental, and Laboratory); End-Use (Hospitals, Clinics, Healthcare Companies, Research And Academic Institutes, and Others); and Region/Country
Global Steam Autoclaves Market is expected to grow at a significant rate of around 9% during the forecast period. Steam autoclaves are chambers that are indicated for sterilizing and disinfecting the medical equipment, glasswares, or surfaces with the help of ultra-high temperature and pressure. The global market is anticipated to grow at high rates due to an increase in pharmaceutical and life science research facilities, and the associated demand for sterilization devices. Moreover, stringent regulatory guidelines for hazardous waste management is also propelling the use of steam autoclaves in the market. For instance, in February 2018, the Centre for Disease Control (CDC), updated its guidelines for disinfection and sterilization in healthcare facilities. This guideline has set several procedures for sterilization of various medical equipment and laboratory ware using autoclaves to prevent any nosocomial infection. Furthermore, American Academy of Ophthalmology 2018, published guidelines for intraocular surgical instruments, which specify about use of sterilization processes and equipment in preventing infection and other risks. Thus, these mentioned factors are driving the market during the forecast period.
STERIS; Belimed; Astell Scientific; BMM Weston Ltd.; Celitron Medical Technologies; Getinge AB; LTE Scientific Ltd; Tuttnauer; PHC Holdings Corporation; and ANTONIO MATACHANA, S. A. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst product, vertical category to hold a dominant share in the market in 2020”
Based on product, the market is segmented into table top, vertical, horizontal, floor standing, and high pressure. The vertical steam autoclaves ranging between chamber capacities of 100 liters to 500 liters accounted for the largest share of the market owing to the presence of a product range, which capacity-wise covers the medium-range laboratory and medical autoclaves, and the ability to be specialized for bio-hazardous waste management. These are highly preferred to their counterparts owing to their ease of use, portability, with most incorporating wheels at the bottom of the equipment for easier transportation. Thus, these factors are driving the demand of vertical autoclaves in hospitals, clinics, bacteriological and research laboratories, and beverage and food units.
“Amongst application, the laboratory category to witness higher CAGR during the forecast period”
On the basis of application, the market is segmented into medical, dental, and laboratory. The laboratory category is expected to witness higher CAGR during the forecast period owing to the prominent uses of autoclaves in healthcare establishments, hospitals, and clinical facilities. In addition to this, due to the large capacity autoclaving solution requirements in hospitals, they account for a major share of the demand for larger capital-intensive autoclaves.
“Amongst end-user, the hospital category to hold a dominant share in the market in 2020””
On the basis of end-use, the market is segmented into hospitals, clinics, healthcare companies, research and academic institutes, and others. The hospitals held a dominant share of the market in 2020 due to the unmet need for sterile medical equipment and a sterile environment in hospital settings. In addition, rising pathogenic hospital waste and a surge in the prevalence of hospital-acquired infections is also having a positive impact on the growth of the market. For instance, according to the Centers for Disease Control (CDC) analysis, around 99,000 people die every year due to the hospital-acquired infections, globally. Furthermore, according to the World Health Organization (WHO), an estimated 15% of all hospitalized patients suffer from these infections every year.
“North America to hold a significant share in the market”
In 2020, North America held a significant share of the global steam autoclaves market, which is due to several factors, including a rise in the prevalence of diseases, the surge in research institutes, the rise in medical wastes, and increasing research and development investments. The data from Springe Nature has demonstrated that in terms of total research output, the U.S. is at the top of the world. 33,178 research outputs were produced in the North America in 2020, including 29,179 from the U.S., 3592 from Canada, and 407 from Mexico. Additionally, the figures have been steadily increasing over time, demonstrating the area’s competence. The growth of the steam autoclave market in the North America is anticipated to be driven by this increase in research in the region, not just in the life sciences but also in other industries like the food and beverage industry, prosthetics fabrication industry, and others where autoclaves are heavily used for steam sterilization.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Steam Autoclaves Market
6. Steam Autoclaves Market Revenue (usd Bn), 2020-2028f
7. Market Insights By Product
8. Market Insights By Technology
9. Market Insights By Application
10. Market Insights By End-use
11. Market Insights By Region
12. Steam Autoclaves Market Dynamics
13. Steam Autoclaves Market Opportunities
14. Steam Autoclaves Market Trends
15. Demand And Supply-side Analysis
16. Value Chain Analysis
17. Competitive Scenario
18. Company Profiled
19. Disclaimer
Research Methodology for the Steam Autoclaves Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global steam autoclaves market were the three major steps undertaken to create and analyze the adoption of steam autoclaves in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global steam autoclaves market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the steam autoclaves market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the steam autoclaves market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as animal type, route of administration, indication, and distribution. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the steam autoclaves market. Further, we conducted factor analysis using dependent and independent variables such as various product, technology, application, and end-use of steam autoclaves. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the steam autoclaves market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global steam autoclaves market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global steam autoclaves market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product, technology, application, and end-use in the global steam autoclaves market.
The main objective of the Global Steam Autoclaves Market Study
The current & future market trends of the global steam autoclaves market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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