Global Bench-Top Sterilizer Market Is Expected To Reach $397.33 Million By 2024 From $305.19 Million In 2019

iCrowd Newswire
11 Sep 2019, 02:34 GMT+10

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Compared to 2017, bench-top sterilizer market managed to increase sales by 6.93 percent to 284.93 million USD worldwide in 2018 from 266.47 million USD in 2017. Overall, the bench-top sterilizer market performance is positive, despite the weak economic environment.

The global bench-top sterilizer market is expected to reach $397.33 million by 2024 from $305.19 million in 2019, growing at a CAGR of 5.42% from 2019 to 2024. And Europe market is expected to keep dominating the market with the share of 38.87%, in terms of volume in 2024.

In the past few years, as the main raw material price was relatively stable, with the increasing in production capacity, expected that the bench-top sterilizer raw material price will be stable in the short term. However, the improvement of energy, transportation costs, and labor costs, will play a significant role in promoting the cost of bench-top sterilizer.

There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality.

The average price of bench-top sterilizer will fall further. The product average price declined in the past few years due to the technology development, the average price will keep this trend in the few future years due to increasing mature manufacturing technology and cost of raw materials.

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Related Information:

North America Bench-top Sterilizer Market Growth 2019-2024

United States Bench-top Sterilizer Market Growth 2019-2024

Asia-Pacific Bench-top Sterilizer Market Growth 2019-2024

Europe Bench-top Sterilizer Market Growth 2019-2024

EMEA Bench-top Sterilizer Market Growth 2019-2024

Global Bench-top Sterilizer Market Growth 2019-2024

China Bench-top Sterilizer Market Growth 2019-2024

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