According to the research report titled ‘Global Medical Sterilization Equipment Market - Analysis By Mode of Sterilization (High Temperature, Low Temperature, Radiation, Others), Service, End-User, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)’, available with MarketStudyReport, global medical sterilization equipment market was worth USD 6.110 billion in 2019 and is anticipated to witness sizeable returns by the year 2025.
 

Rising number of chronic disease cases with growing prevalence of cardiovascular conditions, neurological ailments, and gastrointestinal disorders reinforced by increasing geriatric population is the major growth determinant for global medical sterilization equipment market. Large investments from manufacturers to offer high-quality latest sterilization technology services to hospitals with budding transmission of coronavirus across the globe is further aiding the industry outlook.
 

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Based on service type, the market is split into contract sterilization, and in-house sterilization.
 

In terms of mode of sterilization, high temperature sterilization is anticipated to grow rapidly during the forecast period, owing to growing prevalence of healthcare related infections, and expanding number of coronavirus patients around the world.
 

On the basis of end-user terrain, pharmaceutical segment holds a massive share in worldwide medical sterilization equipment market at present, owing to the prevailing threat of Covid-19 infection globally.
 

Regionally speaking, North America and Europe markets hold significant industry share currently, owing to rising healthcare expenditure. Whereas, Asia Pacific and Middle east & Africa markets are poised to grow tremendously during the analysis timeframe, cites the report.
 

The key players in global medical sterilization equipment market are MMM Group, Sterigenics International, Inc., Andersen Sterilizers, Inc., Belimed Inc., Advanced Sterilization Products, Cantel Medical Corporation, 3M Company, Getinge, and Steris Corporation. These industry behemoths are planning strategies like acquisitions, collaboration, and partnerships to strengthen their regional footprint. Also, constant research & development activities, leading to new product launches will help the market to flourish.