According to the latest report by IMARC Group “Sterilization Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global sterilization equipment market size reached US$ 13.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.3 Billion by 2028, exhibiting a growth rate (CAGR) of 8.9% during 2023-2028.
What is Sterilization Equipment?
Sterilization equipment plays a crucial role in healthcare facilities by effectively eliminating harmful microorganisms such as viruses, bacteria, fungi, and spores from fluids or the surfaces of objects. This essential tool is employed in various methods such as clean-in-place (CIP) systems, autoclave machines, ultraviolet (UV) chambers, and dry heat, steam, and liquid chemical procedures. Its primary objective is to prevent the risk of cross-contamination and ensure the safety of both patients and staff members. It aids in preventing hospital-acquired infections by ensuring the cleanliness and sterility of medical instruments and creating a hygienic and sterile environment required for surgical procedures. It uses numerous methods such as hydrogen peroxide gas plasma, ozone, ethylene oxide (EO) gas, and peracetic acid immersion to disinfect medical devices and maintain their efficacy and hygiene effectively. Nowadays, heat-sensitive materials such as plastic are utilized to produce numerous medical tools and instruments. As a result, several key players are offering low-temperature sterilization systems, including ozone, hydrogen peroxide gas plasma, ethylene oxide (EO) gas, and peracetic acid immersion, for effectively disinfecting medical equipment.
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What are the growth prospects and trends in the sterilization equipment industry?
The global sterilization equipment market is primarily driven by the increasing hospitalization rates amid the sudden outbreak of the coronavirus (COVID-19) pandemic and the rising demand for ventilators to support critically ill patients. Along with this, the surging need for hospital beds and intensive care units (ICUs) and the rapid expansion of isolation facilities are contributing to the market growth. Moreover, the growing use of sterilization equipment for preventing infections from harmful substances within artificial airways and internal circuits has augmented product demand. Apart from this, the increasing prevalence of various infectious diseases and the rapid growth of the global population are other major growth-inducing factors. Additionally, the augmenting sales of sterilization equipment due to the increasing number of surgical procedures is positively influencing the market growth. Besides this, the escalating demand for sterilization equipment in the food and beverage (FB) industry to disinfect containers and packages has catalyzed market growth. In addition, the rising consumer preference for packaged food products owing to busy lifestyles, hectic work schedules, and the increasing trend of nuclear families is propelling market growth. Furthermore, the implementation of stringent policies by governments of numerous countries regarding the sterilization of devices in healthcare institutions has accelerated the product adoption rate. Other factors, including a growing number of investments by regulatory authorities, the surging popularity of single-use consumer products, rising focus on research and development (RD) activities by key players, and continuous advancements in sterilization equipment technologies, are also anticipated to drive the market further.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- 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
Breakup by End User:
- Hospitals and Clinics
- Medical Device Companies
- Pharmaceutical Companies
- Food and Beverages Industry
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Belimed AG (Metall Zug)
- Cantel Medical Corp
- E-BEAM Services Inc.
- Fortive Corporation
- Getinge AB
- H.W.Andersen Products Ltd.
- Matachana Group
- MMM Group
- Sotera Health Company
- STERIS plc
- Stryker Corporation
- Systec GmbH.
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