Market Definition
Sterilization equipment is used in healthcare facilities to eliminate pathogenic microorganism like viruses, bacteria, fungi and spores from the surface of an article
Market Outlook
The global sterilization equipment market was valued at USD 4.2 billion in 2021 and it is anticipated to grow up to USD 9.8 billion by 2031, at a CAGR of 8.8% during the forecast period.
Sterilization equipment is used in healthcare facilities to eliminate pathogenic microorganism like viruses, bacteria, fungi and spores from the surface of an article. It is widely utilized in autoclave machines, clean in place(CIP) systems, ultraviolet chambers and steam, dry and heat and liquid chemical process to prevent the risk of cross contamination and ensure the safety of staff and patient. Growing prevalence of hospital-acquired infections (HAIs) will positively impact the market growth during the forecast period. Hospital-acquired infections (HAIs) are nosocomial infections that occur during a patients stay at hospitals and related facilities and are not observed at the time of admission. Over the years, they have become a major cause of morbidity and mortality worldwide. The most common bacteria associated with HAIs include C. difficile, MRSA, Klebsiella, E. coli, Enterococcus, and the Pseudomonas species. Using infected medical devices during diagnostic and therapeutic procedures is a major cause of HAIs. According to the Centers for Disease Control and Prevention (CDC), up to 1.7 million hospitalized patients in the US annually acquire healthcare-associated infections (HCAIs) while being treated for other health issues, and more than 98,000 of these patients (one in 17) die due to HCAIs.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
Global Sterilization Equipment Market Segmental Overview
The report analyses the global sterilization equipment market based on product, end use, and region. Global Sterilization Equipment Market by Product Based on product, it is segmented into heat sterilization, low temperature sterilizers, sterile membrane filters, radiation sterilization devices, and consumables & accessories. The low temperature sterilization segment accounted for the largest share of the global sterilization equipment market in 2021. This is due to the increasing incidence of infectious disease coupled with increasing need for sterilization of heat and moisture sensitive equipment with complex design. This technique involve ETO sterilization, hydrogen peroxide gas plasma. Additionally, the use of expensive complex, and delicate medical instrument that are difficult to sterilize is fueling the demand. Global Sterilization Equipment Market by End-use Based on end-use, it is segmented into hospital & clinics, biotech and pharmaceutical companies, food and beverage industry and others. The hospitals & clinics segment was the major shareholder in the sterilization services market, owing to surge in prevalence of hospital-acquired infections (HAIs), increase in number of pharmaceutical companies, rise in adoption of single-use medical devices, and increase in outsourcing of sterilization services among pharmaceutical & medical device companies across the globe.
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Global Sterilization Equipment Market Segmentation
Product
- Heat Sterilization
- Depyrogenation Oven
- Steam Autoclaves
- Low Temperature Sterilizers
- Ethylene Oxide Sterilizers
- Hydrogen Peroxide Sterilizers
- Sterile membrane Filters
- Radiation Sterilization Devices
- Electron Beam
- Gamma Rays
- Consumables & Accessories
End-use
- Hospital & Clinics
- Biotech and Pharmaceutical Companies
- Food and Beverage Industry
- Others
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Major Players in the Global Sterilization Equipment Market
The key players in the market are Getinge AB (Sweden), STERIS Plc (U.S.), 3M (U.S.), Sotera Health. (U.S.), Fortive (U.S.), Cardinal Health (U.S.), Metall Zug Group (Switzerland), Stryker (U.S.), Merck KGaA (Germany), MMM Group (Germany) and among others.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
- Market Size in 2021 – US$ 4.2 Billion
- Market Size in 2031 – US$ 9.8 Billion
- CAGR % – 8.8%
- Historic Period – 2015-2020
- Forecast Period – 2022-2031
- Base Year – 2021
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