Market Analysis

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. 

Reports predict growth in the global wound care market over the next few years.

Medical cabinets are furniture specifically designed to store medical supplies and equipment. They come in a variety of shapes and sizes and can be either stationary or mobile. Some cabinets have hang-type shelves, which allow for the vertical storage of items.