USD 6.92 billion
Global Sterilization Equipment Market Size, Share, Growth Analysis, By Product(ethylene oxide sterilization services, Gamma radiation sterilization services), By Services(Hospitals and clinics, Biotechnology and pharmaceutical companies) - Industry Forecast 2024-2031
Report ID:
SQMIG35G2113 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|
Tables:
65 |
Figures:
80
Global Sterilization Equipment Market Insights
Global Sterilization Equipment Market size was valued at USD 6.92 billion in 2022 and is poised to grow from USD 7.25 billion in 2023 to USD 10.55 billion by 2031, at a CAGR of 4.8% during the forecast period (2024-2031).
Sterilization is a necessary procedure in the healthcare industry and is used to control microbial populations that can affect product quality. The sterilization equipment market is expected to exhibit a CAGR of 9.23% during the forecast period. There are many different development activities, including technological advances in sterilization techniques, that are contributing to the growth of chronic wounds. In addition, increasing cases of chronic wounds are causing more problems overall. The sterilization equipment is used to remove and clean life forms, such as bacteria, fungi, viruses, and other biological agents.
Sterilization is a critical medical procedure involving the sterilization of medical equipment and devices to completely eliminate and destroy biological agents or microbial growth involving any infectious agent, thereby preventing hospital-acquired infections through medical devices, and Maintain a hygienic and sterile environment for any surgical procedure. Public awareness of strict infection control and medical safety norms is increasing, which is causing shorter hospital stays and lower medical costs.
Given the increase in food demand and the sales of exotic vegetables and fruits, stricter safety norms are being put in place to ensure the quality and safety of these products. These factors are making a large-scale demand for sterilization equipment and technologies like low-temperature and gamma irradiation.
US Sterilization Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
sterilization instrument,
Fastest Growth
sterilization instrument,
Growth Rate
4.8% CAGR
Global Sterilization Equipment Market 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Sterilization Equipment Market Size By product 2021-2030 ($ Bn)
Global Sterilization Equipment Market Size By product 2021-2030 (%)
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Global Sterilization Equipment Market Segmental Analysis
The sterilization equipment market is segmented on the basis of By product, By services, By end user, and by region. Whereas, By product is sub segmented into the sterilization instrument, consumable and accessories. By service is sub segmented into the ethylene oxide sterilization services, Gamma radiation sterilization services, Steam sterilization services, and X-Ray services. By end users is sub segmented into the Hospitals and clinics, Biotechnology and pharmaceutical companies, Medical device companies, Food and beverage industry and others. By region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.
Analysis by Product
On the basis of product, the market is led by sterilization tools as a result of the pandemic's increased demand. Where the sterilization instrument including the heat/high-temperature sterilization instruments, low-temperature sterilization instruments, and the consumable and accessories are including the chemical indications, biological indicators, sterilization pouches, lubricants.
Analysis by Services
On the basis of services, The use of ethylene oxide sterilization is a highly effective way to sterilize objects. Ethylene oxide sterilization is a great option for a variety of applications, including the medical device industry and reducing the risk of cross-contamination in bulk products such as crops, spices, raw materials for pharmaceuticals and cosmetics. Gamma sterilization has various benefits, such as being highly penetrating and eliminating the need for special packaging materials. Therefore, a wide variety of materials can be used for sterilization and it is one of the most commonly practiced sterilization methods.
Analysis by End User
The hospitals and clinics segment held a large share of the market due to factors such as the increasing incidence of healthcare-associated infections (HAIs), the growing number of hospitals in Asian countries, and the increasing number of surgical procedures performed.
Global Sterilization Equipment Market By product 2021 (%), 2023 (%)
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Global Sterilization Equipment Market Regional Insights
North America dominated the market and accounted for over 35.6% share of global revenue in 2021. The large market share of the region can be attributed to favorable refund policies and the rising prevalence of hospital-acquired infections. Hospitals and clinics must comply with strict healthcare regulations, such as the Patient Protection and Affordable Care Act, which instruct the use of sterilization equipment. This is expected to prompt market growth over the next few years.
The Asia Pacific market is projected to grow quickly thanks to factors such as the increasing need to control hospital-acquired infections and growing demand for non-disposable medical devices. This increased awareness about hygiene in hospitals and clinics is also contributing to the growth of the market. The countries in the region, such as India, Singapore, Malaysia, and Thailand, are members of the Organization for Economic Cooperation and Development (OECD), and their conformity to the Mutual Acceptance of Data (MAD) act ensures that their healthcare regulatory systems are similar. This is attracting major healthcare companies to set up manufacturing facilities in these countries.
Global Sterilization Equipment Market By Geography, 2021-2030, 2024-2031
- Largest
- Fastest
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Global Sterilization Equipment Market Dynamics
Drivers
Increasing Number of Surgical Procedures are Bolstering Market Growth
- Developing surgical procedures and growing incidence of hospital acquired infections. According to the WHO estimates, in 2012, the total global volume of operations was about 312.9 million operations. This was an increase of 38.2% from an estimated 226.4 million operations in 2004. Sterilization equipment is in high demand as the number of surgical procedures grows. The rising incidence of hospital-acquired infections (HAIs) promotes the growth of the market. The Centers for Disease Control and Prevention estimates that approximately 687,000 hospital-acquired infections were reported in the US acute care hospitals in 2015. About 72,000 hospital patients with HAIs died during their hospitalizations
Restraints
Harmful Effects of Chemicals to Hinder Market Growth
- Harmful effects of ethylene oxide and concerns regarding the safety of reprocessed surgical instruments will hinder the market growth. Ethylene oxide is one of the generally used sterilization techniques, it's been categorized as a carcinogen, and there are growing worries concerning the protection of reprocessed surgical instruments. There are two voluntary consensus standards (ANSI AAMI ISO 11135:2014 and ANSI AAMI ISO 10993-7:2008(R)2012) for sterilizing medical devices with ethylene oxide. These standards describe how to develop, validate, and control ethylene oxide sterilization processes for medical devices, and what levels of residual ethylene oxide and ethylene chlorohydrin are allowed on a device after it has been sterilized with ethylene oxide. These standards help ensure that levels of ethylene oxide on medical devices are within safe limits, since long-term and occupational exposure to ethylene oxide has been linked to cancer. Under European classification and labeling legislation, ethylene oxide is classified as a category-2 carcinogen. The harmful effects of ethylene oxide and rising safety concerns are expected to slow down the growth of the sterilization equipment market.
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Global Sterilization Equipment Market Competitive Landscape
The sterilization equipment market is projected to grow significantly over the next few years as a result of increasing numbers of surgical procedures, an increasing incidence of hospital-acquired infections, and initiatives taken by the government to ensure the adoption of sterilization standards in hospitals and research facilities. The sterilization equipment market is full of many global and regional vendors. The market is highly competitive, with many companies fighting for a share of the market.
Top players company profiles
- Steris Corporation
- Getinge AB
- 3M Company
- Belimed AG
- Matachana Group
- MMM Group
- Cantel Medical Corp.
- Advanced Sterilization Products (ASP)
- STERIZON LLC
- Johnson & Johnson
- Sotera Health
- Tuttnauer
- MELAG Medizintechnik GmbH & Co. KG
- Sterigenics International LLC
- B. Braun Melsungen AG
- Beta Star Life Science Equipment
- Anderson Products Inc.
- E-Beam Services, Inc.
- CISA Group
- Consolidated Sterilizer Systems
Recent Developments
- In March 2024, Little Rock-based BioMedical Solutions announced its acquisition of the assets of Alfa Medical Equipment, operating under the name Sterilizers.com. The announcement comes shortly after its recent acquisition of Booth Medical Equipment.
- In January 2024, Allentown, LLC, a portfolio company of Aterian Investment Partners, acquired Branchburg, New Jersey-based ClorDiSys Solutions, Inc, a provider of chlorine-dioxide based solutions for sterilizing and decontaminating vivariums, laboratory equipments and medical devices.
- In June 2023, Japanese analytical instrumentation company Shimadzu Corporation teamed up with US-based artificial intelligence (AI) and robotics expert Shyld to spearhead an AI-enhanced ultraviolet irradiation C (UV-C) disinfection technology.
- In February 2022, Centerpiece, a leading medical device contract sterilization and manufacturing firm, is planning to expand its ethylene oxide sterilization capacity. This will allow the company to perform even more sterilization work on medical devices, ensuring that they are safe and effective. The enhanced processing capacity will help the firm achieve sterilization throughput of almost 50,000 pallets per year.
- In March 2022, Datasea Inc. has introduced the Ultrasonic Sound Sterilization and Antivirus Equipment that targets various applications and is planning to foray into the US market with a series of acoustic intelligence products. The Ultrasonic Sound Sterilization and Antivirus Equipment has advanced acoustic intelligence-powered disinfection that helps purify air, bring down viruses like COVID-19 and H1N1 as well as bacteria.
Global Sterilization Equipment Key Market Trends
- New product launch and collaboration for optimization of the production process Companies are focusing more on research & development to introduce better preventive and safety options, which provide them an edge over their competitors. They are introducing new products and with advanced features. Consumers are becoming more conscious and aware of the issues related to health and hygiene.
Global Sterilization Equipment Market SkyQuest Analysis
Sky Quest’s ABIRAW (Advanced Business Intelligence, Research and Analysis Wing) is our Business Information Services team that collects, collates, Co-relates and analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global sterilization equipment market analysis, As they aid in minimizing the transmission of infections and diseases, sterilization equipment is necessary for the sterilization and cleaning of various equipment used in hospitals. The prevalence of chronic diseases including diabetes, cancer, and other autoimmune disorders is expected to rise, which would raise the demand for sterilizing equipment. Some of the key causes of the rising prevalence of chronic diseases include antimicrobial resistance, an increase in unhealthy and sedentary lifestyles, smoking, and alcohol use.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 6.92 billion |
| Market size value in 2031 | USD 10.55 billion |
| Growth Rate | 4.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Recent Developments
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Sterilization Equipment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Sterilization Equipment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Sterilization Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Sterilization Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Sterilization Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Sterilization Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Sterilization Equipment Market Report Snapshots
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