The Rising incidence of hospital-acquired infections and the increasing number of surgical procedures are the major factors driving the growth of the market.
In 2020, aluminum segment accounted for the largest share of the sterilization container system market and is also expected to grow at the highest CAGR during the forecast period.
Based on the material, the sterilization container systems market is segmented into aluminum, stainless steel, and other materials. In 2020, the aluminum sterilization containers segment accounted the largest share of the market. This segment is also expected to register the highest CAGR during the forecast period. The large share of this segment is attributed to the advantages of anodized aluminum such as versatility, durability, excellent drying properties, ease of maintenance, and long-lasting nature.
Sterilization Container Systems Market worth $375 million by 2026 - Exclusive Report by MarketsandMarkets Sterilization Container Systems Market by Product (Sterilization Containers, Accessories), Type (Perforated, Non-Perforated), Material (Stainless Steel, Aluminium, Other Materials), Technology (Filter, Valve) - Global Forecast to 2026 , published by MarketsandMarkets, the market is projected to reach USD 375 million by 2026 from USD 324 million in 2021, at a CAGR of 3.0% during the forecast period.
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The Rising incidence of hospital-acquired infections and the increasing number of surgical procedures are the major factors driving the growth of the market.
In 2020, aluminum segment accounted for the largest share of the sterilization container system market and is also expected to grow at the highest CAGR during the forecast period.
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FRANKFURT (Reuters) - U.S. laboratory products supplier Avantor has agreed to buy German peer Ritter for 890 million euros ($1.1 billion) in cash, adding to a wave of dealmaking in the sector.
Ritter, which makes robotic and liquid-handling consumables for laboratories such as racks, dispensers and cartridges, saw demand for its products - including those used for COVID-19 PCR tests - rise sharply in the pandemic.
In the same sector, Italy’s DiaSorin has announced plans to buy U.S. rival Luminex, while Roche is acquiring U.S.-based GenMark Diagnostics, and German labs group Synlab said it would list on the stock exchange.