Sterlization Equipment Market by Product (High Temperature Sterilization, Low Temperature Sterilization, Filtration Sterilization, and Ionizing Radiation Sterilization), by Type (Detergents, Sterilization Indicators, and Others); by End User (Hospitals/Clinics, Ambulatory Surgical Centers, Diagnostic Centers, Pharmaceutical & Biotechnological Companies and Others) and Geography: Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026031 | Pages: 100 | Industry: Medical Device | Date: Sep 2022 | Type: Global

The market crossed US$ 14.0 billion mark in 2022 and is expected to hit US$ 25.0 billion by 2030, recording a CAGR of 7.5% during the forecast period.

The sterilization equipment market has been significantly growing with the increasing incidences of hospital-acquired infections (HAI).

Hospital-acquired infections account for the majority of deaths worldwide. The majority of bacteria associated with HAIs are C. difficile, methicillin-resistant Staphylococcus aureus (MRSA), E. coli, Enterococcus, and Pseudomonas species. The increasing incidences of HAIs globally is the primary growth driver for the sterilization equipment market. The hospitals & clinics segment dominated the sterilization equipment market in 2021. The large share of this segment is mainly due to the increasing prevalence of HAIs, the mounting number of hospitals in the Asian region, the growing volume of surgical procedures performed, and the increasing government initiatives to control HAIs.

Within the report, the market is segmented into product, type, end-user, and geography. By product type, the market is further segmented into high-temperature sterilization, low-temperature sterilization,  filtration sterilization, and ionizing radiation sterilization. On the basis of type, the market is segmented into detergents, sterilization indicators, and others. Based on end-user, the market is divided into hospitals/clinics, ambulatory surgical centers, diagnostic centers, pharmaceutical & biotechnology companies, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Growing healthcare in emerging countries will empower growth during the forecast period.

Sterilization equipment is an instrument utilized for preventive measures and is a key factor anticipated to propel market growth over the forecast period. According to a C.D.C. report in 2018, around 1.7 million HAIs and around 99,000 associated deaths are reported yearly in American hospitals. According to European Centre for Disease Prevention and Control (ECDC), in 2018, the incidence of HAIs in European countries was about 7.1%. The data also demonstrated that over 4,131,000 patients suffer from HAIs in Europe every year. Such cases are boosting the demand for sterilization equipment.

Emerging countries, including China, Japan, India, Russia, Brasil, and others, are also expected to provide lucrative opportunities to market players. More than 50% of the world's population resides in India and China, thus making these markets home to a large patient pool. Public pressure to enhance the quality of hospital care, the rising cost of HAIs in healthcare, the introduction of multi-drug-resistant microorganisms, and the initiatives of government authorities play crucial role in the growing of the sterilization equipment market in these emerging countries.

Surge in incidences of hospital-acquired infections is one of the major factors accelerating market growth.

The prevalence of hospital-acquired infections is increasing rapidly, thus boosting the demand for sterilization equipment. As per Centers for Disease Control and Prevention (C.D.C.), up to 1.7 million hospitalized patients in the U.S. annually acquire healthcare-associated infections (HCAIs). In contrast, being treated for other health issues, more than 98,000 of these patients (one in 17) die from HCAIs. In addition, the outbreak of COVID-19 also increased the infection rate, thus driving the market's growth. 

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Recent strategic developments in the sterilization equipment market

The cell analysis market has undergone several significant developments, and a few of these have been mentioned below:

  • In June 2021, STERIS acquired Cantel with an aim to expand its vast products of sterilization instruments and services.
  • In October 2020, Getinge launched the Getinge Solsus 66 steam sterilizer for hospitals and surgical instruments with enhanced capacity and operational dependability in comparison to other sterilizers.

Several players drive the sterilization equipment market by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. STERIS PLC, Getinge AB, 3M, Sotera Health, Fortive, Cardinal Health, Metall Zug Group, Stryker, Merck KGaA, and MMM Group are among the prominent players operating in the market.

The target audience for the report:

  • Drug developing companies
  • Contract development and manufacturing organization,
  • Drug discovery-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policymakers
  • Venture capitalists, private equity firms, and start-up companies
  • Drug distributors and sales firms
  • End users of drug discovery
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Product:
    • High temperature sterlization
    • Low temperature sterilization
    • Filtration sterlization
    • Ionizing radiation sterilization
  • Type
    • Detergents
    • Sterilization indicators
    • Others
  • End User:
    • Hospitals/clinics
    • Ambulatory surgical centers
    • Diagnostic centers
    • Pharmaceutical & biotechnology companies
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • STERIS plc.
    • Getinge AB
    • 3M
    • Belimed
    • Andersen Products, Inc.
    • Advanced Sterilization Products Division Ethicon U.S., L.L.C.
    • Cosmed Group
    • MATACHANA GROUP
    • PRIMUS Sterilizer Company, L.L.C.
    • Cardinal Health, Inc

Companies profiled
- STERIS plc.
- Getinge AB
- 3M
- Belimed
- Andersen Products, Inc.
- Advanced Sterilization Products Division Ethicon U.S., L.L.C.
- Cosmed Group
- MATACHANA GROUP
- PRIMUS Sterilizer Company, L.L.C.
- Cardinal Health, Inc

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