Key Findings
The Europe sterilization equipment market is expected to garner a CAGR of 7.07%, during the forecast period of 2019 to 2028. The rising demand for sterilization equipment, in addition to the need for enhanced healthcare infrastructure and the growing geriatric population, is estimated to accelerate the region’s market growth.
Market Insights
The Europe sterilization equipment market is assessed across the United Kingdom, Spain, Italy, Germany, France, and the rest of Europe. According to the Italian National Institute of Statistics, the aging population in Italy increased to over 23%, in 2020, compared to 20.3% in 2009. The nation also contributes to the European Centre for Disease Prevention and Control-coordinated (ECDC) surveillance of hospital-acquired infections within intensive care units, through the Italian Nosocomial Infection Surveillance in ICUs (SPIN-UTI). Moreover, as per the estimates of the ECDC, the predicted rates of hospitalized patients with at least one healthcare-linked infection in the country were 8.0% and 8.1%, for 2016 and 2017, respectively. As a result, there is an extensive need to curb and manage hospital-acquired infections in Italy.
Spain’s market for sterilization equipment is mainly fueled by the incidence of an increasing number of surgeries, rising prevalence of chronic conditions, longer hospital stays, and the growing geriatric population in the country. Moreover, Spain has a limited number of nurses in medical facilities and hospitals dedicated to preventing and controlling infections. The inadequacy indicates the country’s need to acknowledge and address the problem of hospital-acquired infections, as trained medical professions play an integral role.
Competitive Insights
Getinge AB, MMM Group, Belimed AG, Andersen Products Inc., Steris Corporation, Systec GmbH, etc., are among the eminent companies in the market.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments