May 4, 2014, Albany, NY - According to the new report "Sterilization Equipment and Disinfectants Market—Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013-2019," published by Transparency Market Research, the global Sterilization Equipment and Disinfectants market is forecasted to reach a market value of USD $9.15 billion, up from USD $5.13 billion in 2012.

Rising geriatric population is one of the primary factors for the growth of this market. Additionally, increasing number of surgeries performed and per capita healthcare expenditure coupled with rising incidences of hospital-acquired infections will propel the demand of sterilization equipment and disinfectants market, researcher predict.

The report describes the usage and types of sterilization equipment and disinfectants, amongst which sterilization equipment market accounted for the largest share (over 70%) of the total market in terms of revenue. Sterilization equipment market is expected to grow at the highest Compound Annual Growth Rate (CAGR) of 9.1% during
the forecast period 2013 to 2019. The sterilization equipment market has been further segmented as heat sterilization equipment, low-temperature sterilization equipment, filtration sterilization, and radiation sterilization. The low-temperature sterilization equipment market is expected to grow at the highest CAGR of 10.9% during the forecast
period 2013 to 2019.

The market for disinfectants has been segmented as low-, intermediate- and high-level, and oxidizing and non-oxidizing disinfectants.  The low-, intermediate- and high-level disinfectants market is expected to grow at the highest CAGR of 7.0% during the forecast period 2013 to 2019.

The market for sterilization equipment and disinfectants in medical devices application accounted for the largest share (60.8%) of the total market in 2012 and is expected to grow at the highest CAGR during the forecast period. This growth is attributed due to rising incidences of hospital-acquired infections and an increase in the number of surgeries performed.

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