Steam Autoclaves Market to exceed USD 3 billion by 2024

Market Overview and Growth Factors:
Rising incidences of nosocomial infections coupled with soaring number of surgical procedures will drive steam autoclaves market growth over the forecast timeframe. Enhanced efficiency of steam sterilization owing to improved penetration power, and higher temperature, leading to elimination of microorganisms will increase adoption rate.
Growing Central Sterile Supply Department (CSSD) floor framework adoption by hospitals and other healthcare establishments for scrutinizing the increasing rate of hospital acquired infections will propel growth. The adoption of CSSD framework also ensures sterilization of all medical supplies and equipment used in hospitals, fueling steam autoclaves market growth.
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Prominent Players:
Some of the major players in global steam autoclaves market are Tuttnauer, Matachana, Priorclave, Getinge Infection Control, and Medisafe International. Mergers, Acquisitions, and strategic collaborations are key strategies followed by market players.
Market players are focusing their efforts towards new product development to consolidate their market position. In May 2015, Priorclave launched QCS H150, tamperproof front-loading laboratory autoclave with security key lock switch that enables access to significant parameter settings.
Regional Analysis:
U.S. steam autoclaves market accounted for largest regional share in 2016. The increasing number of contract research organizations, skyrocketing growth of medical industry and stringent regulatory guidelines established by regulatory authorities such as U.S. FDA coupled with presence of major industry players will drive U.S. steam autoclaves market over the forecast period.
Germany steam autoclaves market is envisaged to witness considerable growth owing to rising investment for R&D in biopharmaceutical and pharmaceutical industry. The increasing amount of waste emitted from country hospitals and clinical laboratories will fuel steam autoclaves market growth.

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China steam autoclaves market will drive regional growth owing to rapid growth in healthcare infrastructure coupled with increasing healthcare spending. Increasing incidence of nosocomial infections along with soaring adoption of CSSD healthcare framework will fuel industry growth.