Hospital supplies are the basic commodities required in the hospital to effectively examine, diagnose, and treat the disease or injury of patients. Sterilization equipment is used to kill all the microbes (sterilization) from objects, and is essential equipment to support normal hospital processes, such as sterilization of surgical instruments, laboratory reagents and so forth. GlobalData uses proprietary data and analytics to provide a comprehensive report on the sterilization equipment market in South Korea. Buy the latest report here.
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In 2022, GlobalData’s Market Model methodology determined that the leading player in the sterilization equipment market in South Korea was 3M followed by American Ultraviolet, Azbil Telstar SLU, Belimed, Getinge, Munchener Medizin Mechanik, Skytron, Steelco, Steris, Systec and Tuttnauer USA.
Understanding market size can be crucial to evaluate opportunities and make informed decisions about market entry and exit. Medical device companies can identify attractive segments in respective markets as well as develop marketing strategies based on forecasts for those segments.
Based on its application, sterilization is of three types: physical, chemical and ultraviolet. Physical sterilizers use various forms of heat to sterilize objects, including steam or flame. Physical sterilizers include autoclaves and other high temperature sterilizers. This segment covers steam sterilizers and hot air ovens (dry heat). Chemical sterilizers are used for equipment that is sensitive to high temperatures, susceptible to corrosion (metal alloys) and for devices that might be damaged by irradiation (rubbers and plastics may become brittle after irradiation). The Chemical Sterilizers segment covers ethylene oxide, hydrogen peroxide and other chemical sterilizers. Chemical Sterilizers are used in the healthcare to chemically treat surgical instruments and medical supplies to ensure infectious agents are not transmitted to patients. Ultraviolet sterilizers use ultraviolet (UV) rays for sterilization. High-efficiency UV lamp systems are used for in-duct, coil mount and stand-alone systems to destroy airborne and surface bio-contaminants.
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The sterilization equipment market in South Korea can expand or contract due to a variety of reasons including population demographics, disease incidence and prevalence, macroeconomic issues, and geopolitical considerations. Disruption to a market could be caused by a sudden, unexpected change in these factors, but it could also be driven by changes in clinical practice, leading to a change in diagnosis or treatment of patients, as part of a process to generally improve medical practice.
For the latest analysis of the market size sterilization equipment in South Korea, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Medical Intelligence Center Market Models are the gold standard of medical device market valuation, company share estimation and market trend forecasting. GlobalData uses a patient-based forecast model or installed base methodology to determine the market size for therapeutic indications and capital equipment expenditures. Estimates are based on a number of sources, including primary research—KOL and industry contact interviews—and secondary research, such as company reports, press releases, published articles, proprietary databases, and general news media.
