The autoclave is a device that is primarily used for disinfection and sterilizing. The autoclave uses a physical mechanism to maintain temperature and pressure for sterilisation processes in a shorter amount of time. In healthcare, autoclaves are used for sterilising and pre-disposal of medical equipment and materials.
Due to consolidation, the global autoclave industry is
oligopolistic. 3M Healthcare, CISA Group, STERIS, Belimed Group, and Matachana
Group are some of the companies in the steam autoclave market. Furthermore, in
2015, Johnson & Johnson, STERIS, and Getinge Group controlled two-thirds of
the global Autoclave
market. The presence of a small number of device manufacturers
with a diverse product portfolio is increasing competition among them. This
fierce rivalry has made it tough for new competitors to get into the industry.
Furthermore, product innovation, the cost-effectiveness of product
manufacturing, and a variety of business expansion methods could aid new
entrants in the face of fierce competition.
Another factor fueling the market's growth is the
implementation of government state policies aimed at reducing and preventing
the prevalence of health-related infections. The state policy will be based on
a WHO-developed framework that will be implemented in government hospitals. For
example, in 2004, the World Health Organization (WHO) issued a national patient
safety policy to address concerns such as hand cleanliness, antibiotic
resistance, and safe injections.