Global Info Research offers a latest published report on E-beam Sterilization Market Analysis and Forecast 2019-2024 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 158 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
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E-beam sterilization is a kind of ionizing radiation. Its principle is to kill microorganisms by using the physical, chemical and biological effects of the target products irradiated by the electron beam produced by the electron accelerator.
The global revenue of E-beam Sterilization market was valued at 717.10 M USD in 2017 and is expected to reach 1313.53 M USD in 2023. In the future six years, we predict the CAGR of global revenue is 10.61%.
The North America has the largest global sales in E-beam Sterilization market, while the Europe is the second sales market for E-beam Sterilization in 2017. The global revenue of E-beam Sterilization products rises up from 179.05 M USD in 2013 to 249.36 M USD in 2017. The reason causes this increase is the growing demand for the E-beam Sterilization products, which is the result of the spurring needs of downstream customers.
As for the global E-beam Sterilization industry, STERIS AST profits most in 2017, while Sterigenics and Getinge ranked 2 and 3.The market share of them is 31.73%, 12.75% and 9.39% in 2017.The gap of market share is keep on enlarged due to different strategy.
Nowadays, there are two main types of E-beam Sterilization, including service and equipment. E-beam sterilization equipment is the main type for E-beam Sterilization and the E-beam sterilization equipment reached revenue of approximately 442.66 M USD in 2017, with 61.73% of global revenue.
On the basis of applications, the sterilization equipment market has been segmented into medical device, pharmaceuticals, foods and others, pharmaceutical companies, and other applications. The medical device segment accounted for the largest share of E-beam Sterilization market, reached 275.58 M USD with 38.43% market share, in 2017. The large share of this segment can be attributed to increasing incidence of healthcare, growing number of hospitals in worldwide, and increasing number of surgical procedures.
Finally, although sales of E-beam sterilization products bring a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage, raw materials advantag
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