Global Sterilization Equipment Market Insights Forecasts to 2030
- The Sterilization Equipment Market Size was valued at USD 7.1 billion in 2021.
- The Woeldwide Market Share is growing at a CAGR of 9.7% from 2022 to 2030
- The Global Sterilization Equipment Market Size is expected to reach USD 15.3 billion by 2030
- Asia Pacific is expected to grow the fastest during the forecast period
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The Global Sterilization Equipment Market Size is expected to reach USD 15.3 billion by 2030, at a CAGR of 9.7% during the forecast period 2022 to 2030. Hospital acquired infections, popularly called as nosocomial infections are mainly found in patients who are undergoing long term treatments like surgeries. They mainly take place in clinics, surgical centers, ambulatory surgical centers, hospitals, as well as long term care facilities like rehabilitation centres and nursing homes. HAIs affect children, patients, and geriatric people.
The increasing occurrence of nosocomial infections, special emphasis on the sterilization equipment usage, increasing number of surgeries, accessories, consumables, food sterilization and disinfection are the key driving factors.
This research report categorizes the market for Sterilization Equipment market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Sterilization Equipment market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Sterilization Equipment market.
Certain factors like the use of catheters, not take care of hygiene in healthcare settings, and use of antibiotics will increase the predisposition to HAIs. Apart from this, an increasing number of surgeries in clinics are going to play the another key driving factor over the market growth. This is the reason why proper hygiene and sanitation is mandatory to maintain a healthy environment in clinics and hospitals. Moreover, the COVID 19 virus need the use of preventive measures to stop the spread of the deadly virus. All these factors are anticipated to drive the use of sterilization equipment in clinics. Rising occurrence of HAIs owing to the lack of proper sanitation as well as preventive measures are going to propel the overall market growth. Furthermore, increasing number of chronic health ailments has boosted the number hospital admissions across the world. Sterile fluids, blankets, and equipment are some of the key things needed in clinics and hospitals. So, in such cases, sterilization equipment efficiently serving the need because they intend to reduce the risk of spread of infection among patients. Hence, the rising occurrence of chronic diseases is anticipated to impact the global sterilization equipment market positively.
Global Sterilization Equipment Market Report Coverage
|Market Size in 2021:||USD 7.1. Billion|
|Forecast Period 2021-2030 CAGR:||9.7%|
|2030 Value Projection:||USD 15.3 Billion|
|Historical Data for:||2017-2020|
|No. of Pages:||199|
|Tables, Charts & Figures:||112|
|Segments covered:||By Product, By Region, COVID-19 Impact Analysis|
|Companies Covered:||3M, Cantel Medical, Steris Plc, Sterile Technologies Inc, Belimed, Sterigenics US LLC, SAKURA SEIKI Co. Ltd, Andersen Products Inc, Celitron|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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The government has imposed stringent rules and regulation related to the approval of equipment which is impeding the overall growth of the market. Apart from this, other factors like the lack of skilled professionals and limited information of safety measures are also hampering the global sterilization equipment.
- In 2021, the Low Temperature Sterilizers segment is dominating the market with the largest market share over the forecast period.
On the basis of product, the global sterilization equipment is segmented into Heat Sterilizers, Low-temperature Sterilizers, Sterile Membrane Filters, And Radiation Sterilization Devices. Among these, the low temperature sterilizers segment is dominating the market with the largest market share over the forecast period owing to the increasing demand of sterilization of heat and moisture sensitive medical equipment having complex designs This technology comprises hydrogen peroxide gas plasma, ethylene oxide (EtO) sterilization, and sterilization done through other liquid chemical substances. The other factors which are driving the segment are the change in the healthcare environment as well as complex innovations. Additionally, the rising adoption of complex, costly, and delicate medical equipment which are difficult to sterilize is also propelling the segmental demand.
Regional Segment Analysis of the Sterilization Equipment Market
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- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
North America holds the largest market share over the forecast period.
North America dominates the market with the largest market share over the forecast period owing to the liberal reimbursement policies which increases their adoption and increasing number hospital acquired infections. Furthermore, strict rules and regulations related to the delivery of quality healthcare services also boost the use of sterilization equipment in clinics and hospitals which expected to propel the market growth over the upcoming years.
- In April 2019, Fortive acquired the Johnson and Johnson’s Advanced Sterilization Product segment which comprises STERRAD Sterilization System.
The report offers the appropriate analysis of the key organizations/companies involved within the global Sterilization Equipment market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Cantel Medical
- Steris Plc
- Sterile Technologies Inc
- Sterigenics US LLC
- SAKURA SEIKI Co. Ltd
- Andersen Products Inc
Key Target Audience
- Market Players
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global Sterilization Equipment market based on the below-mentioned segments:
Sterilization Equipment Market, By Product
- Heat Sterilizers
- Low temperature Sterilizers
- Sterile Membrane Filters
- Radiation Sterilization Devices
Sterilization Equipment Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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