Steam Autoclave Market: Increasing Number of Surgical Procedures Drives Growth

The global steam autoclave market is extremely consolidated and intensely competitive. The presence of a very small number of companies commanding a vast share in the global market has rendered the market difficult to penetrate for new companies. Despite this fact, the market presents promising growth opportunities for companies introducing technologically advanced products, a trend evident from the high consumption of products based on E-beam and gamma irradiation technologies in the past few years.

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The vast rise in the global demand for steam autoclaves in the past few years can be attributed to the increased prevalence of a number of infectious diseases, a huge surge in surgical procedures, and an alarming rise in the numbers of hospital-acquired infections. Rising demand for improving healthcare services across developing regional markets such as Asia Pacific, owing majorly to rising healthcare expenditures and an expanding base of geriatric population.

Alarming Pace of Rising Hospital-acquired Infection Requiring Secondary Care Boosts Growth

The surging number of surgical procedures carried out every year across the world has been greatly influencing the demand for steam autoclaves. As per the Centers for Disease Control and Prevention, almost 46.5 million surgeries and around 5 million endoscopic procedures are performed every year in the U.S. alone. In other regions, such as developing economies of Asia Pacific, a large population base, and growth of the medical tourism industry stoke demand for steam autoclaves as they are an essential component of healthcare facilities.

Apart from this, the alarming pace of rising and seriousness of hospital-acquired infections is another key factor behind the growth of steam autoclave market. In the U.S., in 2012, nearly 8.3 patients of every 1,000 admissions in New York state hospitals led to hospital-onset clostridium difficile infections. In addition, increasing prevalence of nosocomial infections is another concern necessitating effective sterilization processes in healthcare settings. These factors coupled with rising focus on patient safety will boost the global steam autoclave market in the coming years.

Introduction of technologically advanced and par excellence products such as gamma irradiation and E-beam are likely to further act in favor of the market. Product versatility and low cost of new products are likely to aid the global steam autoclave market display significant growth in the upcoming years.

Rising Use of Disposable Products could Challenge Growth

On the downside, increasing usage of disposable products in healthcare settings, which are either meant for one-time use or require little to zero sanitization until suitable to be used, could pose a major challenge for the growth of this market. In addition, excise duty imposed on manufacturers of medical devices is likely to negatively impact the overall profitability of steam autoclave vendors leading to increased product prices. This could have a negative impact on the growth of the overall steam autoclave market, particularly in cost-sensitive developing regions.

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