Global Market For Sterilization Technologies To Be Worth $1.2 Billion In 2014
December 10, 2009
Wellesley, Mass. – According to a new technical market research report, STERILIZATION TECHNOLOGIES: THE U.S. MARKET (CHM016E) from BCC Research (www.bccresearch.com), the U.S. market for sterilization technologies is estimated to be worth $1.1 billion in 2009, but is expected to increase to more than $1.2 billion in 2014, for a 4-year compound annual growth rate (CAGR) of 3.2% from 2010 to 2014.
The largest segment of the market, filtration, is expected to decrease slightly from 2009 to 2010, but increase at a CAGR of 3.3% from 2010 to 2014, rising from $572 million to nearly $653 million.
The second-largest segment, heat, is expected to rise from nearly $489 million in 2010 to $564 million in 2014, for a CAGR of 3.1%.
The chemical segment of the market is expected to increase from $10.1 million in 2010 to $11.2 million in 2014, for a CAGR of 2.6%.
The smallest segment, radiation, is projected to decrease from $3.6 million in 2009 to $3.3 million in 2010, then recover at a CAGR of 2.2% to reach $3.6 million again in 2014.
U.S. MARKET FOR STERILIZATION EQUIPMENT BY TYPE, 2009-2014
Source: BCC Research
Sterilization is a vital function of infection control. Without adequate sterilization of medical equipment, pharmaceutical and research liquids and powders, food and beverages, potable and wastewater, and other objects we touch or ingest, consumers would be at the mercy of microbes and infectious diseases that could cause great harm.
The sterilization equipment industry has not been immune to the economic turbulence of 2008 to 2009, and overall market conditions have stymied growth in most market sectors. With negative growth forecast in most segments, rebound growth in the industry should occur between 2010 and 2012.
The report is designed to appeal to many different readers, including venture capitalists interested in exploring commercialization opportunities, marketing and management individuals within the industry, and even the novice reader, who desires to understand how market pressures and technology interact in the industry.
Sterilization Technologies: The U.S. Market( CHM016E )
Publish Date: November 2009
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC, 49 Walnut Park, Building 2, Wellesley, MA 02481, Telephone: 866-285-7215; Email: firstname.lastname@example.org as the source and publisher. Thank you.