The factor attributed to growth of the autoclave market is rising number Hospital-Acquired Infections (HIA) along with occurrence of pathogens, bacterial, fungal & viral diseases worldwide. For instance, according to the Centers for Disease Control (CDC) analysis, around 99,000 people die every year due to the HIA infections, worldwide. Furthermore, according to the World Health Organization (WHO), an estimated 15% of all hospitalized patients suffer from these infections every year. Increasing the HIA infections during hospitalization is due to exposure of patients to pathogens through different sources environment, healthcare staff, and other infected patients. Therefore, autoclave plays an important role in controlling HIA infections in hospital, as this instruments is used for sterilizing surgical equipment, laboratory instruments, and pharmaceutical items. This in turn help in preventing growth of the bacteria, which inadvertently help in reducing the growth of the disease caused by infection spread from the medical instruments. Hence, this factor is expected to fuel growth of the autoclave market during the forecast period (2018 - 2026).
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Global Autoclave Market: Regional Insights
The market for autoclave in Asia Pacific region accounted for the largest market share in 2017, and expected to hold the largest market share over the forecast period (2018 - 2026). Owing to increase in number of patients suffering from Hospital acquired Infection (HIA) is one of the major factors driving growth of the market in these particular region. For instance, the International Nosocomial Infection Control Consortium (INICC) assessed the rates of device associated infections across 40 Indian hospitals compared to a number of other countries. Therefore, in order to minimize the case related to HIA infection is inadvertently increase the demand of the autoclave in these particular region.
Furthermore, introduction of government state policy for controlling and preventing incidence related to the health acquired infection is another factor driving growth of the market. The state policy will be based on framework formulated by WHO, which is implemented to the government hospitals. For instance, in 2004, WHO introduced the national patient safety policy to address the patient safety related issues such as hand hygiene, antimicrobial resistance, and safe injections. Moreover, formation of India Patient Safety Organization (IPSO) will be a first organization in India, which will take the ownership and responsibility of educating the workers of healthcare regarding patient safety, which in turn help in reducing the disease caused by medical error. Hence, all these factor are expected to drive growth of the market in these particular region.
Global Autoclave Market: Competitive landscape
Key players operating in the global autoclave market include MELAG Medizintechnik oHG, Tuttnauer, Getinge AB, Belimed, SAKURA SEIKI Co., Ltd., Shinva Medical Instrument Co., LTD., Astell Scientific, STERIS plc. BMM Weston Ltd., LTE Scientific Ltd, Panasonic Biomedical Sales Europe B.V., Priorclave Ltd., Life Steriware, Accumax India, and Consolidated Sterilizer Systems.
The key players of the autoclave market adopted the product development strategy in order to gain the competitive edge in the market. For instance, in September 2017, Astell Scientific, the leading manufacturer and distributor of autoclaves, steam generators, and effluent decontamination systems launched a new and improved range of autoclaves. The new range of circular chamber autoclaves is available in various sizes, as benchtop, compact, and free-standing units, and with options of top and front loading configurations.
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