What is the global market size of Sterilization Equipment Market?

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).

Who are the key vendors in the Global Sterilization Equipment Market?

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 and regional vendors. The market is highly competitive, with many companies fighting for a share of the market. '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', '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.'

What is the key driver of Global Sterilization Equipment Market?

Developing surgical procedures and growing incidence of hospital acquired infections. According to the WHO estimates, in 2012, the total 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

What is the key market trend for Global Sterilization Equipment Market?

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.

Which region accounted for the largest share in Global Sterilization Equipment Market?

North America dominated the market and accounted for over 35.6% share of 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.

Sterilization Equipment Market Size

Sterilization Equipment Market Insights

Sterilization Equipment Market size was valued at USD 14.3 billion in 2023 and is poised to grow from USD 15.53 billion in 2024 to USD 30.05 billion by 2032, growing at a CAGR of 8.6% during the forecast period (2025-2032).

The surging incidence of hospital acquired infections and rising awareness regarding the importance of sterilization are predicted to primarily drive the demand for sterilization equipment over the coming years. Growing investments in the development of novel sterilization technologies and the rising adoption of the same by multiple healthcare institutions will also promote market growth going forward. Imposition of stringent mandates to ensure proper sterilization in all industry verticals to promote public health will also uplift the sales of sterilization equipment across the study period and beyond. Rapidly expanding healthcare infrastructure and growing hospitalization around the world are also estimated to provide new opportunities for sterilization equipment companies in the future. On the contrary, the high costs of sterilization equipment, the risk of damage to medical equipment due to certain sterilization techniques, and stringent regulations for product approval are slated to be key constraints for market growth in the future.

US Sterilization Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.

FAQs

Sterilization Equipment Market size was valued at USD 7.25 Billion in 2023 and is poised to grow from USD 7.6 Billion in 2024 to USD 11.06 Billion by 2032, growing at a CAGR of 4.8% during the forecast period (2025-2032).

Utilizing advanced technologies such as artificial intelligence and machine learning could also provide attractive business scope for sterilization equipment providers in the future. Developing affordable and advanced sterilization equipment should be the prime focus of sterilization equipment companies if they want to maximize their sales. Targeting developing countries with increasing emphasis on healthcare infrastructure development will also offer good returns for market players in the long run. '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', 'In March 2024, a new line of sterilizers was launched by a subsidiary of Syntegon. Schoeller-Bleckmann Medizintechnik (SBM) with its expertise of around 50 years in sterilization provides shorter delivery times with its new sterilization products. ', 'Back in August 2022, a new fully automated sterilization system was launched in the Indian market. Krishna Engineering was behind the launch of this new steam sterilizer for the food and beverage industry. ', 'In March 2022, Datasea Inc. introduced the Ultrasonic Sound Sterilization and Antivirus Equipment that targets various applications and had plans to foray into the United States market with the launch of series of acoustic intelligence products. '

High incidence of hospital acquired infections around the world is pushing healthcare establishments to opt for sterilization equipment. Rising awareness regarding hospital acquired infections is also expected to play a crucial role in driving sales of sterilization equipment in the long run.

Development of Automated Equipment: Sterilization equipment manufacturers can focus on automated sterilization through artificial intelligence and machine learning. Automation is becoming a key trend in hospital and pharmaceutical sterilization processes., which also helps in reducing errors and maximizing efficiency of the process.

North America is projected to account for a dominant share of the global sterilization equipment market. The presence of a developed healthcare infrastructure, high awareness regarding importance of sterilization, and presence of a strict regulatory framework are helping this region account for a dominant market share. Moreover, the presence of key sterilization equipment manufacturers and pharmaceutical companies will also boost sterilization equipment sales in this region. Canada and the United States are forecasted to be the leading markets for sterilization equipment providers in the North America region through 2031.