Sterilization Equipment Market Analysis Report By Product, By Region And Segment Forecasts From 2021 To 2028

Report ID: MN17612919  |  Published: November 2021  |  No of Pages: 120
Format: Electronic (PDF)  |  Industry: Medical Devices  |  Publisher: Grand View Research

Synopsis

The global sterilization equipment market was prized by USD 5.52 billion in 2020. It is estimated to witness 10.3% CAGR from 2021 to 2028.

Drivers

The hospital-acquired infections (HAIs) are, moreover, recognized as nosocomial infections. Mainly, these are discovered in the patients, getting continuing treatment, mostly surgical treatment. They can happen in ambulatory surgical centers, surgical centers, hospitals, clinics in addition to long-standing care amenities, like treatment centers and nursing homes.

us-sterilization-equipment-market

Usually, patients having low down immunity, elderly people, and children, are inclined to hospital-acquired infections (HAIs). The issues like extreme consumption of antibiotics, the utilization of catheters and need of appropriate cleanliness in healthcare location, can augment tendency to hospital-acquired infections (HAIs).

A rise in the rate of hospital-acquired infections (HAIs) because of the requirement of precautionary actions and hygiene are the most important factors, expected to push the expansion of the market for sterilization equipment, during the forecast period.

The growth in the occurrence of chronic sickness, for example cancer, diabetes plus additional autoimmune sicknesses is expected to increase the demand for sterilization equipment. Alcohol utilization, augmented acceptance of in active and unhealthful way of life, smoking and antimicrobial confrontation, is a number of most important factors, adding to the increasing commonness of chronic illnesses.

The increasing occurrence of chronic circumstances has considerably augmented the speed of the hospital admittance. Sterile solutions, blankets, plus apparatuses are a few important necessities in clinics and hospitals.

Therefore, in these situations, sterilization equipment proficiently provides the purpose because they decrease the threat of infection spread between patients, in addition to enhance treatment method. So, the growing frequency of chronic sicknesses is anticipated to optimistically affect the expansion of the market for sterilization equipment, throughout the forecast period.

Effect of Covid-19

The rising global hospital admissions along with the eruption of Covid-19 pandemic have considerably augmented the requirement for sterilization equipment. As a result, utilize of sterilization equipment has, moreover, improved because of the rising figure of the patients in clinics as well as hospitals.

Usual and appropriate sterilization of health check equipments is one of the vital necessities for taking care of the patients, affected by Covid-19. In these circumstances the requirement for the sterilization equipment is expected to increase. Sequentially, this is projected to boost the enlargement of the market. Therefore, the eruption of Covid-19 has considerably affected the market.  

Product Insight

Low-temperature sterilizers section detained the major, 31.97% share of the market for sterilization equipment, in 2020. The growing necessity for sterilization of dampness and heat receptive medicinal apparatuses, having composite designs, is pushing the need for low-temperature sterilization. This method includes hydrogen peroxide gas plasma, ethylene oxide (EtO) sterilization, in addition to the sterilization by means of additional chemical fluid materials.

global-sterilization-equipment-market

As a result of the altering healthcare situations, in addition to the complicated improvements, the method of low-temperature sterilization has been developing, more than the decade. The application of delicate, expensive, and complex medicinal apparatuses, which are problematical to sterilize, is driving the demand for low-temperature sterilization.

The features like unmet requirement for the sterilization of composite materials, rising surgical actions, increasing life expectations, and growing patient populace are steering the low-temperature sterilizers section.

There is a continuous requirement for R&D because of the threats linked with a variety of sterilants that encourage manufacturing companies to do the regular efforts, causing the introduction of innovative products.

A few important features of low-temperature sterilization, for example toxicity and objective specificity, generate a requirement for the improvement in present existing chemicals, used for the sterilization. Hence, these issues are adding to the development of this section, during the forecast period.

Regional Insight

In 2020, North America held above 35.0% revenue share and led the global market for sterilization equipment. The increasing occurrences of hospital-acquired infections (HAIs), within the state, plus the positive repayment strategies, which increases the implementation of sterilization equipment, are the factors, credited to the big share of the local market.

Strict authoritarian strategy about the deliverance of excellence and secure healthcare services, for example the existence of the Patient Protection and Affordable Care Act, furthermore, instruct the use of sterilization equipment in clinics and hospitals. This is expected to stimulate the enlargement of the market, during the forecast period.

Asia Pacific consists of speedily rising and emergent markets, for example India, China and Japan. The local market for sterilization equipment is projected to observe substantial augmentation, during the forecast period, because of the factors like the increasing alertness regarding cleanliness in clinics as well as hospitals, the rising necessity for managing hospital-acquired infections and increasing insist for non-disposable medical apparatuses.

The majority of the nations for example Thailand, India, Malaysia, and Singapore, are part of the Organization for Economic Co-operation and Development (OECD), and their obedience with the Mutual Acceptance of Data (MAD) act ensure authoritarian conventionality in the healthcare division. This is fascinating key players of the market to set up production amenities within these nations. This increases the business within the region.

Besides, the speedily growing figures of laboratories and hospitals in this area plus the thriving business of medicinal tourism are the factors, boosting the expansion of market, within Asia Pacific.

Companies

To achieve a reasonable advantage in the market, the manufacturing companies are concentrating on research and development activities, to build up technically superior products. Intended to present reasonable discrimination, to make stronger their product range, and boost production capability, companies are taking on strategy like mergers & acquisitions and joint ventures.

Some of the companies for sterilization equipment market are:

  • E-BEAM Services, Inc.
  • Sterigenics U.S., LLC
  • Fortive
  • Cantel Medical
  • STERIS PLC.

Report Scope 

Report Attribute

Details

Market size value in 2021

USD 6.33 billion

Revenue forecast in 2028

USD 12.60 billion

Growth Rate

CAGR of 10.3% from 2021 to 2028

Base year for estimation

2020

Historical data

2016 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million/billion and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; China; Japan; Brazil; Mexico; South Africa; Saudi Arabia

Key companies profiled

STERIS PLC; Sterigenics U.S., LLC; Cantel Medical; E-BEAM Services, Inc.; Fortive

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs


Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2028. For the purpose of this study, Million Insights has segmented the global sterilization equipment market report on the basis of product and region:

• Product Outlook (Revenue, USD Million, 2016 - 2028)
    • Heat Sterilizers
        • Depyrogenation Oven
        • Steam Autoclaves
    • Low-temperature Sterilizers
        • Ethylene Oxide Sterilizers
        • Hydrogen Peroxide Sterilizers
        • Others
    • Sterile Membrane Filters
    • Radiation Sterilization Devices
        • Electron Beams
        • Gamma Rays
        • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2028)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
        • Italy
        • France
        • Spain
    • Asia Pacific
        • Japan
        • China
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa
        • South Africa
        • Saudi Arabia

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