Healthcare trends

Market Highlights Sterilization equipment are necessary to maintain the sterile conditions during research activities, manufacturing of pharmaceuticals and during medical procedures. The increasing geriatric population, a growing number of surgical procedures and increasing research and development activities in the healthcare sector are the major factors driving the growth of the global sterilization equipment market .   Additionally, increasing R&D spending and aggressive strategies adopted by the top players, such as new product launches, are contributing to the growth of the market. For instance, in August 2018, Cantel Medical announced the acquisition of Stericycle's Controlled Environmental Solutions Business for USD 17 million, it is a leading provider of testing and certification, environmental monitoring and decontamination services for clean rooms, and other services related to regulatory compliance and quality control. The high costs associated wit...