Sterilization Equipment Market Statistics, CAGR, Outlook, and Covid-19 Impact 2025

The global sterilization equipment market size was worth USD 4.3 billion in 2016 which is anticipated to grow at a CAGR of more than 9.5% during the forecast period. Various factors, which led to such huge market growth, include increase in the aging population, rise in the number of surgeries conducted, and surging incidences of chronic diseases. Also, there are number of changes in the government policies and regulations which in a way is helping the sterilization equipment market to grow and advance. Such changes in the policies have resulted in increase in the adoption of sterilization equipment by various hospitals and diagnostic centers.

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Key Players:

Some of the top companies operating in this industry are STERIS Corporation; Advanced Sterilization Products Services, Inc.; Getinge Group; 3M; Cantel Medical; Belimed; and others.

Growth Drivers:

Similarly, increase in the number of government initiatives, which are stringent enough to ensure utmost quality of the product, is making way for the sterilization equipment market to grow. Advancement in technologies of sterilization equipment such as gamma ray filtration, radiation, microfiltration and many more have created wide scope for sterilization equipment in the food industry.

Government bodies of developing countries such as Japan, Mexico, and Brazil, are making huge investments to spread awareness about the application of sterilization equipment, and thereby focusing on quality and safety. Such equipment are mainly used for sterilization and disinfection before surgeries. In regions such as Latin America, Middle East and Asia Pacific, the market is witnessing increase in foreign investments, which is leading to revenue generation for the market.

Technique Insights

The heat sterilization technique captured the largest market share in 2016 in which hydrated state is preferred more than dry state due to its greater reliability in use. It is estimated that the low temperature market segment is expected to grow at the highest CAGR due to compatibility with thermo-labile products, lesser complex in handling and monitoring. The introduction of various advancements in technology of the equipment for sterilization technique has led to better business expansion and penetration to various regions around the globe.

End User Insights

The hospital segment captured the largest market share in the year 2016, due to growing infection burden, rising number of surgeries performed, advancing technologies and rise in the number of patients being admitted. The ever-increasing need for quality assurance and quality control by pharmaceutical company in its manufacturing and storage processes resulted it to be the second largest segment in the global market.

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Ophthalmic Lasers Market Exhibits Stunning Growth Potentials, Solution, Service, Deployment | Generate Massive Revenue till 2025

The global ophthalmic lasers market size was worth USD 1.0 billion in 2016, which is anticipated to grow at a CAGR of more than 5.9% during the forecast period. Increase in incidence of chronic ophthalmic disorders is the major driving factor contributing to the growth of ophthalmic lasers market.

There is a rise in prevalence of ophthalmic disorders such as glaucoma, cataract, refractive errors, Age Related Macular Degeneration (AMD), retinal disorders and diabetic retinopathy. According to American Academy of Ophthalmology in 2014, 60.5 million people were estimated to be suffering from glaucoma globally. According to WHO, glaucoma is the second major cause of blindness in the world.

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Key Players:

Some of the major players of the market include Alcon Laboratories, Inc., Carl Zeiss Meditec AG, Ellex Medical Lasers Limited, Abbott Medical Optics, Inc., Bausch & Lomb Incorporated, Topcon Corporation, IRIDEX Corporation, Lumenis, Ziemer Ophthalmic Systems AG, and NIDEK Co., Ltd.

Growth Drivers:

Based on the Journal of Ophthalmology, cataract is the leading cause of blindness in the world. According to New-Medical .Net, in 2015, 22 million people aged 40 years and above were affected with cataract. According to National Eye Institute, by 2050, the number of people in US with cataract is estimated to double from 24.4 million to around 50 million. Thus, with the rise in incidence of ophthalmic disorders the market is estimated to witness rapid growth during the forecast period.

According to a study conducted by PLOS, in UK approximately 54% of the people aged 40-69 years were affected by refractive error of which 27% of the people had myopia. Refractive error is a major health issue in UK. It is a genetic disorder, so the individuals whose parents are suffering from any form of refractive disorder are likely to be affected by similar disorder. Thus, the aforementioned factors are supporting the growth of the ophthalmic lasers market.

Increase in geriatric population is another key factor driving the growth of the market. This group of population is generally affected by various eye disorders. The most common eye disorders for this group are cataract and hyperopia.

Product Insights

In the product segment, femtosecond lasers held the largest revenue share in 2016. The rising number of people affected by refractive disorders along with its use during cataract surgeries has led to the growth of the market.

Rise in technological advancements, versatility, predictability, and the unique properties offered by the femtoseconds lasers has increased its demand. Thus, newer technologies are contributing to the growth of the market.

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Biometrics Technology Market 2025 Top Countries Data with Future Scope, Market Size, Definition, Opportunities with Strategic Growth and Top Key Players Analysis

The global Biometrics Technology Market size is expected to reach USD 59.31 billion by 2025, with a CAGR of 19.5% during the forecast period. This technology has its applications in public, commercial and private sectors. Biometrics is related to human characteristics which identify fingerprint, palm veins, face recognition, hand geometry, retina for its authorization. To avoid security breaches, this technology is applied in various sectors and it provides high degree of security and accuracy.

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Key Players:

The industry participants in the market comprise of companies such as Precise Biometrics AB, NEC Corporation, 3M Cogent, Fujitsu Limited, FaceFirst, Nuance Communications, and Hitachi.

Growth Drivers:

The security concerns are anticipated to drive the market demand over the forecast period. Biometrics technology is accessed in the computer industry for identification and access control. To protect the most important data, old techniques are not robust enough as a result of which this technology is being used widely. It has applications in government offices, border control, airports, financial institutions, healthcare industry and law on account of which the demand is expected to increase rapidly.

Application Insights

The biometrics technology finds usage in applications such as face recognition, hand geometry, signatures, automated fingerprint identification systems (AFIS), voice recognition, iris, and non-AFIS. Hand recognition is very widely used a form of application in biometrics technology.

Palm veins and print are contactless applications which are expected to grow over forecast period owing to the security concerns. AFIS finds application in conducting background checks of the workforce of an organization. These all will be used for civil applications.

Iris application is majorly used in government programs. It also used in ATM facilities and financial institutions. These applications will see growth over the forecast period.

End-Use Insights:

The demand in the government sector is expected to grow rapidly over the forecast period to prevent issues such as illegal immigration and identity theft. The commercial sector is anticipated to experience increased demand on account of growing application in defense and security end-use.

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Baby Diapers Market Business Analysis, New Innovation | Share, Revenue, And Sales Till 2025

The global Baby Diapers Market size is anticipated to reach USD 64.62 by 2022, progressing at a CAGR of 6.2% over the forecast period. Rising consciousness towards baby health and affordability of the baby care products are the major driving force which is presumed to boost the industry in the coming future.

Advancement in science and technology has given rise to several outstanding products with various properties that have contributed to the market penetration, mostly in the developing region. A significant increase in the number of working women especially in developing parts of the globe has had a growing impact on product sales due to the easy to use the property as well as convenience factor of the product.

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Key Players:

Key players in the industry include P&G, Hengan, SCA, Cotton babies, Kimberly-Clark, KAO, Phillips Health care, Unicharm, The Honest Co, Drylock, OsoCozy, First Quality, Hain Celential, Ontex, SCA and Seventh Generation.

Growth Drivers:

Consumer’s increasing disposable income has resulted in higher buying power mostly in the developing region. Such increments are expected to raise the sales of premium products in the market which in turn will trigger the global baby diaper industry shortly. The high rate of birth in the developing regions such as the Middle East & Africa, Asia Pacific and Latin America is another major factor that is expected to impact the regional product sales positively.

Continuous exposure to chemicals caused by disposable baby diapers leads to skin rashes and many other negative health impacts. Increasing awareness towards these toxic chemicals and their negative impact on health are most likely to influence the baby diapers market negatively over the upcoming seven years.

Strict government regulation as well as private agencies to safeguard customer interest is liable to obstruct industry growth shortly. Initiatives taken by R&D to build superior products without adverse impacts on health assures some growth opportunities for the industry. Several markets in the developing region have little awareness about the baby diapers. Such markets are anticipated to provide many opportunities for the participants in the industry. Growth in e-commerce sector recently is expected to drive the market penetration opportunities over the forecast period.

Product Insights

The key products include disposable diapers, biodegradable diapers, cloth diapers, swim diapers and training nappy. The global market is dominated by the disposable ones among all the other products, and this trend is anticipated to continue over the forecast period. Cloth based products and training pants emerged as the third and second major segments in the recent past.

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Breast Imaging Market Business Analysis, New Innovation | Share, Revenue, And Sales Till 2025

The global Breast Imaging Market is estimated to stretch US$ 7.3 billion by the completion of the prediction period. The scope of the market was worth US$ 2.9 billion during the year 2016. Growing occurrences of breast cancer are likely to motivate the market. Furthermore, additional breast linked sicknesses; for example fibro cysts, lesions, and infections are also likely to back the progress of the market. The Breast Imaging Market is expected to develop by a CAGR of 12.2% for the duration of the prediction.

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Key Players:

Some of the important companies operating in the Breast Imaging on the international basis are Aurora Imaging Technology, Inc., Sono Cine, Inc., Siemens Healthcare, Philips Healthcare, GE Healthcare, Dilon Technologies, Inc., Fuji Films Holdings Corp., Gamma Medica, Inc., Hologic, Inc., and Toshiba Corporation.

Growth Drivers:

The development in breast imaging is motivated by features for example the growing occurrence of breast cancer all over the world; increasing funds by government, and subsidy for the treatment of breast cancer and associated examination. Growing consciousness regarding the timely recognition of breast cancer; growing elderly people; technical progressions in breast imaging modalities; and presentation of innovative breast imaging arrangements are able to spot cancer in women by means of thick breast fleshy tissue.

Furthermore, the increasing demand for breast imaging in developing Asian nations, and technical progressions in breast cancer are likely to propose greater openings for the developments of the companies operating in the market. On the other hand, issues for example greater prices of setting up of breast imaging arrangements, side-effects due to the contact with radioactivity, and probable mistakes in screening and analysis of breast cancer are limiting the development of the breast imaging market.

The Breast Imaging market on the source of Type of Technology could span Non-Ionizing Technology and Ionizing Technology. Theas technologies are further sub divided as Non Ionizing: Automated Whole-Breast Ultrasound, Ultrasound, MRI, Thermography, Optical Imaging and Thermography. Ionizing spans MBI/BSGI, Positron Emission Tomography & Computed Tomography [PET-CT], Electric Impedance Tomography, Analog Mammography, 3D Breast Tomosynthesis, Cone-Beam Computed Tomography [CBCT], Positron Emission Mammography, Full-Field Digital Mammography [FFDM].

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