According to a new market report published by Transparency Market Research “Sterilizers and Surgical, Dental Care and Equipment Disinfectors Market - India Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” the sterilizers and surgical, dental care and equipment disinfectors market in India was valued at INR 806.0 Crore in 2013 and is estimated to reach a market worth of INR 1,390.2 Crore in 2020 increasing at a CAGR of 8.2% from 2014 to 2020.
Rising incidence of hospital acquired infectious diseases and increase in the number of surgeries in hospitals is expected to drive the sterilizers and surgical, dental care, and equipment disinfectors market in India. Factors that drive the growth of the sterilization equipment and disinfectants market in India are large pool of geriatric population, rise in prevalence of cancer and increasing number of hospital-acquired infections (HAIs). Furthermore, increase in per capita healthcare expenditure would also propel the growth of this market. According to Trading Economics, disposable personal income in India increased to approximately INR 80,663,730 million in 2012 from INR 71,787,870 million in 2011. Additionally, the market is likely to witness steady growth in technological advancements such as introduction of radiation-based sterilization techniques (gamma and E-beam sterilization) during the forecast period due to high product compatibility and low cost. Negligence towards sterilization measures in hospitals might restrain market growth. Moreover, increasing acceptance of single use and disposable medical device is another major restraint to the chemical sterilizers market.
Government measures to provide adequate healthcare services in remote parts of nation have substantially increased the number of hospitals in the last few years. Furthermore, growing medical tourism in India is also driving the market growth. To further...