Steam Autoclaves Market Size

Steam Autoclaves Market size was valued at USD 1.23 billion in 2023 and is likely to reach USD 3.82 billion by 2036, expanding at around 9.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of steam autoclaves is estimated at USD 1.32 billion. Steam autoclaves are sterilizing devices intensively used in healthcare sector. The growth of the market can be attributed to the increasing demand for medical devices, and surgical equipment, accompanied by the rising health hazards caused by untreated medical waste. Moreover, rising prevalence of hospital-acquired infections amongst the patients, is further anticipated to boost the market growth. According to the data by World Health Organization (WHO), in high-income countries, about 30% of the patients in intensive care units (ICU) are affected by at least one health care-associated infection. This rate is two to three times higher in low, and middle-income countries. Furthermore, the growing awareness for transmission infection amongst the population is projected to encourage the market growth.