Emergence of Covid-19 and Lunch of New Products to Augment Growth of Steam Autoclave Market

 

                                                                     Steam Autoclave

Autoclaves are also known as steam sterilizers and are used to expose each item to direct steam contact at the required temperature and pressure for the specified time. They are used for healthcare or industrial applications to eliminate the protein structure of the bacteria and spores.

Market Dynamics

Compatible of steam autoclaves for crisis strategy decontamination of N95 respirators is expected to propel growth of the global steam autoclave market. For instance, in October 2020, 3M, a U.S-based multinational conglomerate corporation, announced that Belimed steam autoclaves are compatible for crisis strategy decontamination of specific single-use N95 Respirators. Moreover, launch of biological indicators for steam autoclaves is also expected to aid in growth of the market. For instance, in December 2020, Steris Corporation, a U.S-based medical equipment company, launched Spordex Self-Contained Biological Indicator Ampoules to confirm sterilization of liquids in steam autoclave cycles.

Emergence of Covid-19 is expected to offer lucrative growth opportunities for players in the global steam autoclave market. For instance, globally, as of 4:03pm CET, 1 March 2021, there have been 113,820,168 confirmed cases of COVID-19, including 2,527,891 deaths, reported to the World Health Organization. Moreover, high prevalence of hospital-acquired infections is also expected to aid in growth of the market. For instance, according to an observational epidemiological study of intra-abdominal infections published in December 2019, in NEJM Journal Watch, of the 2621 critically ill adults with intra-abdominal infections at 309 international centers between January and December 2016, 32% were community-acquired, while 68% were hospital-acquired.

The global steam autoclave market is witnessing entry of new market players. For instance, in October 2019, Chalmers Group of Companies, a privately owned Canada-based corporation, formed Spire Integrated Solutions, a manufacturer and services provider for steam sterilizers, washing equipment, refrigeration products, and ancillary stainless-steel equipment featuring non-proprietary parts.

The global steam autoclave market is also witnessing several M&A activities. For instance, in October 2019, Chalmers Group of Companies acquired LYNX Product Group, a provider of steam sterilizers, washing equipment, refrigeration products, and ancillary stainless-steel equipment featuring non-proprietary parts.

Competitive Analysis

Major players operating in the global steam autoclave market include, Steelco S.P.A., Dental X spa, Tuttnauer Co. Ltd., BMM Weston Holdings Ltd., Getinge, BMT Medical Technology s.r.o., Belimed AG, ERYIGIT A.S., and Hanshin Medical Co., Ltd.

Major players operating in the global steam autoclave market are focused on R&D to expand their product portfolio. For instance, in 2019, Getinge launched GSS610H, a steam sterilizer.