Hyderabad, India -- (SBWIRE) -- 03/20/2018 -- Sterilization is the process of eliminating biological agents or any forms of lives, which include transmissible agents and spore forms that are present in a specific surface or region. Sterilization is an unavoidable process in the medical industry with efficacy and sterility of the sterilization equipment as prime factors.

The serious issues with the utilization of unsterilized equipment such as lethal hepatitis and HIV threatening public health, emphasize the importance of effective infection control. Sterilization equipment is thus a crucial part of the healthcare setting owing to their extensive utilization for disinfecting and aiding in reprocessing tools and devices.

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The Europe Sterilization Equipment Market is estimated to have a value of USD 1.22 billion in 2016. With a CAGR of 8.46%, the market size is expected to grow rapidly to cross USD 1.83 billion by 2021.
The market growth is majorly driven by factors such as rising geriatric populace and increasing number of healthcare infrastructures and clinics. Over the recent years, the global medical sterilization equipment industry has been growing rapidly owing to rise in the number of surgical procedures and increase in per capita expenditure on healthcare. Globally, the growth in medical sterilization equipment market is driven by growing prevalence of chronic diseases.

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The heat sterilization/high-temperature sterilization segment is expected to account for the largest share of the market in 2016. This growth is attributed to the rise in the number of mergers and acquisitions by key players in this market to expand their product portfolios.

The sterilization indicators segment is expected to grow at the highest rate during the forecast period. The growth in this market segment can be attributed to the increasing number of surgeries performed globally, resulting in demand for sterilization products and hospital sterilization procedures to reduce the incidence of HAIs.

As of now, rising geriatric population, increased incidence of hospital-acquired infections and growing demand for sterilized equipment in the European region have led to its second largest share in terms of the value of the Sterilization Equipment Market.

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The major market contributors for the Europe Sterilization Equipment Market are STERIS Corporation, Getinge Group, Advanced Sterilization Products, 3M Company, Belimed AG, Cantel Medical Corporation, Anderson Products Inc., Matachana Group, MMM Group and Sterigenics International Inc.

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