PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1424456
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1424456
Global portable steam autoclave market size is projected to reach US$ 2.90 Bn by 2030 from an estimated US$ 1.62 Bn in 2023, exhibiting a CAGR of 8.7% during the forecast period.
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023/2024: | US$ 1.62 Bn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023/2024 to 2030/2031 CAGR: | 8.70% | 2030/2031 Value Projection: | US$ 2.90 Bn |
The global portable steam autoclave market has been witnessing significant growth in recent years. Rising awareness about infection control and increasing adoption of steam autoclaves in various end-use industries like healthcare, laboratories, and pharmaceuticals are some of the key factors driving the demand for portable steam autoclaves. Various technological advancements like the addition of touchscreens and Wi-Fi connectivity have made portable steam autoclaves more handy and user-friendly. Moreover, growing healthcare infrastructure in developing economies and the rising need for disinfection of medical instruments are expected to propel the global portable steam autoclave market during the forecast period.
Growing demand from the healthcare sector, increasing need for sterilization of medical equipment, and rising awareness about hospital-acquired infections are some of the major factors driving the growth of the global portable steam autoclave market. However, high costs associated with advanced portable steam autoclaves and lack of standardization are expected to hamper the market growth. On the other hand, developments in advanced filtration systems and integration of the Internet of Things (IoT) provide lucrative opportunities in the global market.
Also, Portable single-chamber autoclaves provide a convenient solution. Manufacturers are also integrating new features suited for remote areas like longer shelf life, digital controls with diagnostic modes, and higher portability weighing 15-30kgs. This improves access for facilities with unreliable grid power or off-grid locations. The rising demand for healthcare in emerging markets and the focus on community-level healthcare globally present a large potential customer base for portable single-chamber autoclaves suitable for clinics. If manufacturers can offer affordable price points and innovative new products, this market segment is well positioned for strong growth over the coming years according to industry projections. This will accelerate the expansion of safe and hygienic healthcare services even in rural communities