Steam Autoclaves Market Size By Configuration (Table Top, Vertical, Horizontal, Floor Standing, High Pressure), By Application [Medical (Hospitals, Clinics, Medical Waste Management), Dental, Laboratory (Pharmaceutical, Bio-hazardous Waste Management)], Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Italy, Switzerland, Japan, China, South Africa, Brazil, Mexico), Technology Development, Competitive Landscape & Forecast, 2017 – 2024
Published Date: September 2017 | 140 Pages | Report ID: GMI500 Report Format: PDF
Steam Autoclaves Market size was valued over USD 1.5 billion in 2016 and is expected to witness more than 8% CAGR from 2017 to 2024.
Germany steam autoclaves market, by configuration, 2013 - 2024 (USD Million)
Increasing incidence of nosocomial infections and growing need for optimal management of biohazardous medical waste will drive steam autoclaves market over the forecast years. Furthermore, growing installation of Central Sterile Supply Department (CSSD) in hospitals will stimulate demand for steam autoclaves market size.
Rapid healthcare growth in developing countries have resulted in excess medical waste generation. Thereby, increasing need for proper medical waste management. Stringent guidelines established by regulatory authorities such as EPA, U.S. FDA, CE for biohazardous and medical waste management is expected to boost the steam autoclaves market growth.
High capital cost associated with steam autoclaves makes it difficult for medium sized or small sized hospitals to install these systems. Regulatory requirements to use expensive anti-corrosive stainless steel, bio-containment compartments and micro pore filters in large capacity steam autoclave further limits the business growth
Steam Autoclaves Market, By Configuration
Vertical steam autoclaves accounted for largest revenue share in 2016 owing to its varied applications in bacteriological & research laboratories, fertilizer plants, clinical & pharmaceutical units, breweries, soft drink manufacturing, medical, and other establishments. The availability of vertical steam autoclaves in numerous sizes will positively impact business growth.
Rising demand for portable devices and large capacity autoclaves will augment demand for floor standing and table top steam autoclaves. Furthermore, growing adoption of automatic devices will accelerate automatic table top steam autoclaves market growth over the coming years.
Steam Autoclaves Market, By Application
Medical application dominated the overall steam autoclaves market in 2016 owing to high adoption of steam autoclaves in healthcare facilities such as hospitals. The need for large capacity steam autoclave such as floor standing autoclave in hospitals will stimulate market growth during the forecast timeframe.
The laboratory steam autoclaves market will witness significant growth during the forecast period owing to the rise in medical waste generated by pharmaceuticals and biopharmaceutical companies resulting in need for optimal management of medical and biohazardous waste. The consistency in delivering high quality, reliable performance will positively affect laboratory steam autoclaves market growth.
Steam Autoclaves Market, By Region
U.S. steam autoclaves market accounted for largest regional share in 2016. The increasing number of contract research organizations, skyrocketing growth of medical industry and stringent regulatory guidelines established by regulatory authorities such as U.S. FDA coupled with presence of major industry players will drive U.S. steam autoclaves market over the forecast period.
Germany steam autoclaves market is envisaged to witness considerable growth owing to rising investment for R&D in biopharmaceutical and pharmaceutical industry. The increasing amount of waste emitted from country hospitals and clinical laboratories will fuel steam autoclaves market growth.
China steam autoclaves market will drive regional growth owing to rapid growth in healthcare infrastructure coupled with increasing healthcare spending. Increasing incidence of nosocomial infections along with soaring adoption of CSSD healthcare framework will fuel industry growth.
Competitive Market Share
Some of the major players in global steam autoclaves market are Tuttnauer, Matachana, Priorclave, Getinge Infection Control, and Medisafe International. Mergers, Acquisitions, and strategic collaborations are key strategies followed by market players.
Market players are focusing their efforts towards new product development to consolidate their market position. In May 2015, Priorclave launched QCS H150, tamperproof front-loading laboratory autoclave with security key lock switch that enables access to significant parameter settings.
Steam Autoclaves Industry Background
Few major players dominate the steam autoclaves market. Strategic collaborations and agreements between the industry players is a frequently adopted strategy amongst market players. The increasing demand for portable and automatic devices has led to development of advanced portable autoclaves. The large capacity autoclaves required in hospitals and other healthcare establishments will stimulate demand for floor standing steam autoclave over the coming years. The stringent regulatory guidelines established by regulatory authorities such as U.S. FDA and European commission with regards to medical waste management and growing adoption of CSSD will favour industry growth.
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