Global medical sterilization equipment and services market estimated to grow at a CAGR of 6.75%
According to a market research report published by ReportsnReports, the medical sterilization equipment market is estimated to grow at a CAGR of 6.75% over 2016-2021 due to the increasing number of surgical procedures, in addition to rising focus on maintaining hygienic environment within healthcare facilities. Due to the existing guidelines on maintaining proper sterilization standards in developed regions, awareness pertaining to the maintenance of hygienic standards in healthcare facilities in developing regions is improving. Thus, it is contributing towards high market growth in regions such as Asia-Pacific, Latin America, the Middle East and Africa. Among the various medical sterilization equipment used, the moist heat autoclave sterilizer captures the major market share due to the convenient setup, efficiency and recurrent usability for medical devices. North America is currently leading the market with Asia-Pacific rising due to growth in the number of healthcare facilities.