Sterilization Equipment Market Projected to Surpass USD 27.1 billion, Anticipating a 7.9% CAGR by 2031: Transparency Market Research, Inc. [Yahoo! Finance]
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Source: Yahoo! Finance
Wilmington, Delaware, United States, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global sterilization equipment market is projected to rise at a CAGR of 7.9% from 2022 to 2031. As per the report published by TMR, a valuation of US$ 27.1 billion is anticipated for the market in 2031. As of 2023, the demand for sterilization equipment is expected to close at US$ 14.8 billion. The rising awareness of HAIs and their detrimental effects on patient outcomes has led healthcare facilities to prioritize infection control measures. Sterilization equipment plays a critical role in preventing HAIs by ensuring the cleanliness and safety of medical devices and equipment. Rising healthcare expenditure worldwide, coupled with increasing investments in healthcare infrastructure development, is contributing to the expansion of the sterilization equipment market. Healthcare facilities are investing in state-of-the-art sterilization equipment to meet growing demand and
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