Sterilization Equipment Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2018-2024”. Increasing number of Hospital Acquired Infections and rising number of new pharmaceutical industries are key drivers for Global Sterilization Equipment Market.
North America dominates the market with highest market share due to highly developed advanced healthcare infrastructure, increasing number of surgical procedures and advanced industrial setups. According to the annual plastic surgery procedural statistics, there were 17.5 million surgical and minimally invasive cosmetic procedures performed in the United States.
Europe is the second largest market for Sterilization Equipment. Increased growth in research and development activities and government funding are majorly responsible for growth of Sterilization Equipment market in Europe. In the EU, it is estimated that 4.1 million people are affected by HAIs every year.
Asia Pacific Sterilization Equipment Market is witnessed with strong growth rate majorly due increasing number of pharmaceutical and biotech industries, growing awareness, increasing number of hospitals and hospital sterilization procedures and government funding healthcare facilities. India is the biggest provider of generic medications internationally accounting for 20 percent of global exports concerning volume. India has over 546 US FDA-approved company sites, the highest number outside the US
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