Market Analysis

An Allied Market Research report states that the global patient temperature management industry generated $2.9 billion in 2021, and is anticipated to generate $6 billion by 2031, witnessing a compound annual growth rate (CAGR) of 7.7% from 2022 to 2031.

Based on market predictions for related categories, the surgical instrument storage and transport market should increase in coming years.

One of the major factors driving revenue growth is introduction of sterilization services in the health care industry to lower the risk of hospital-acquired infections.

A report from Allied Market Research indicates that the global surgical equipment market is estimated to reach $44 billion by 2027 add a compound annual growth rate (CAGR) of 6.3% during the forecast period.

The market is driven by rising concerns with respect to a significant upsurge in hospital-acquired infections globally. This is believed to facilitate greater penetration of infection control products.

The global smoke evacuation systems market size was valued at $162.5 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.4% from 2021 to 2028, according to Grand View Research.