Insights on Sterilization Equipment Market: Industry Forecast (2023-2029) by Product Type, End-User and Region

The Sterilization Equipment Market size was valued at USD 14.84 Bn. in 2022 and the total Insulation revenue is expected to grow by 7.72% from 2023 to 2029, reaching nearly USD 24.99 Bn. Both basic and extensive procedures, from outpatient procedures to intensive surgeries, rely on sterilized devices in order to be free from contamination. An autoclave is used by everyone from doctors to surgeons to dentists to maintain all medical equipment sterile and clean. Any medical professional is aware of the need of keeping scalpels, scissors, and other crucial medical equipment free of any contamination. Several acquisition has strengthen market keyplayers leadership in infection prevention by bringing together two complementary businesses and are able to offer broader set of Consumers, a more diversified selection of infection prevention, endoscopy and sterilization products and services, Health care-associated infections affect millions of patients annually approximately 80000 are affected in Europe. In order to prevent the occurrence of HAIs, Proper sterilization of the equipments must be done to reduce the number of the HAIs which has further contributed towards the growth of Sterilization Equipment Market.

Report Scope:

The report provides a comprehensive analysis of the global Sterilization Equipment Market. This report estimates the Sterilization Equipment Market, in terms of USD value from 2023 to 2029. In order to identify potential investment pockets, this report gives an analytical representation of the Sterilization Equipment industry together with current trends and future forecasts. The report includes a thorough analysis of the market share for Sterilization Equipment as well as data on important drivers, restraints, and opportunities. A quantitative analysis of the existing market is done from 2023 to 2029 to show the potential for market growth across the globe. In addition, Porter's five forces study demonstrates the market power of both buyers and providers. The research offers a thorough analysis of the worldwide Sterilization Equipment market based on the level of competition and how it will develop over the forecast period.Sterilization Equipment MarketTo know about the Research Methodology:-Request Free Sample Report

Sterilization Equipment Market Dynamics:

Healthcare-associated infections (HAIs) are a leading global cause of morbidity and mortality. These include pneumonia linked to ventilators, urinary tract infections linked to catheters, and bloodstream infections linked to central lines. The bacteria C. difficile, methicillin-resistant Staphylococcus aureus (MRSA), Klebsiella, E. coli, Enterococcus, and Pseudomonas species are most frequently linked to HAIs. Healthcare-associated infections (HCAIs) are contracted by up to 1.8 million hospitalised patients each year while receiving treatment for other medical conditions, and more than 97,000 of these patients (one in 17) die as a result of HCAIs, according to the Centers for Disease Control and Prevention (CDC). Additionally, 22% of surgical site infections, 15% of lung (pneumonia) infections, 32% of all HAIs in the US are UTIs, and 14% are bloodstream infections. These aforementioned factors has further contributed to drive the Sterilization Equipment Market. According to MMR analysis, the Sterilization Equipments Market key players are manufacturing their base in advanced sterilizer equipments having advantages of using a tabletop autocalve for Sterilization Equipment Market. The sanitation, cleaning, and disinfection of cutting-edge medical equipment raises certain questions. These devices may not have been properly sterilised, which could put patients at risk of HAIs. Additionally, there is an increasing demand for advanced sterilisers that are compatible with the automated endoscope reprocessors (AER) used to clean and disinfect flexible endoscopes after each procedure as a result of the market introduction of technologically advanced instruments like endoscopes and analyzers. The danger of infection for patients can rise if these sensitive instruments aren't properly sterilised. Players in the sterilising equipment market expect to see considerable growth prospects from emerging economies like India, China, Brazil, Russia, Latin America, and Southeast Asia. India and China are home to a sizable patient population as they account for more than half of the world's population. The rise of multi-drug resistance microbes, the growing cost of HAIs in healthcare systems, public pressure to enhance hospital care quality, and government initiatives overall contribute significantly to the expansion of the sterilisation equipment market in these nations. According to the Indian healthcare sector will grow at a rate of 16.8% CAGR, with a sharp rise in per-person healthcare spending. With a predicted CAGR of 13.6%, the inpatient hospitalisation rate is predicted to account for over 86% of the market. The rising prevalence of lifestyle diseases is the primary cause of this rising hospitalisation rate. This has led to major positive effects on the private sector, with the private hospital market in India experiencing a CAGR of 24.2%.

Sterilization Equipment Market Segment Analysis:

By Prodcut-Type, In 2022, low-temperature sterilizers accounted for 32.5% of all sales. This can be attributed to the growing demand for sterilisation equipment designed of medical equipment that are sensitive to heat and moisture. This method uses sterilisation with liquid chemical compounds as well as hydrogen peroxide gas plasma and ethylene oxide (EtO) treatment. Due to the complicated developments and changing healthcare environment, the techniques have changed during the past ten years. The need is also being fueled by the usage of delicate medical tools that are challenging to disinfect.Sterilization Equipment Market1By End-User, The sterilising equipment market has been divided into hospitals and clinics, medical device manufacturers, food and beverage producers, pharmaceutical producers, and other end users based on end user. In 2021, the hospitals & clinics sector held the biggest market share for sterilising equipment. This segment's significant market share has increased due to the rising prevalence of HAIs, the expansion of hospitals in Asian nations, the rising number of surgical procedures, and the rising number of government initiatives to reduce HAIs.Sterilization Equipment Market2

Sterilization Equipment Market Regional Insights:

In 2023, North America dominated the market and has a market share of approximately 36.6% of worldwide revenue. Favorable reimbursement rules, which encourage their adoption, and the increased incidence of hospital-acquired infections in the area are both responsible for the region's substantial market share. Sterilization equipment used in hospitals and clinics due to strict regulatory rules governing the provision of safe and high-quality healthcare services, such as the Patient Protection and Affordable Care Act, are going to propel market expansion throughout the forecast period. Factors such as the growing need to reduce hospital-acquired infections, rising demand for non-disposable medical equipment, and increased awareness of cleanliness in hospitals and clinics, the market in the Asia Pacific region is predicted to develop at a significant rate. The majority of the region's nations, including India, Singapore, Malaysia, and Thailand, are OECD members, and their adherence to the Mutual Acceptance of Data (MAD) act ensures regulatory conformity in the healthcare sector, luring major market players to establish manufacturing facilities in these nations.

Sterilization Equipment Market Scope: Inquire before buying

Sterilization Equipment Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2017 to 2022 Market Size in 2022: US $ 14.84 Bn.
Forecast Period 2023 to 2029 CAGR: 7.72% Market Size in 2029: US $ 24.99 Bn.
Segments Covered: by Product Type 1. Heat Sterilizers

1.1 Depyrogenation Oven 1.2 Steam Autoclaves

2. Low-temperature Sterilizers 3. Ethylene Oxide Sterilizers 4. Hydrogen Peroxide Sterilizers 5. Others

5.1 Sterile Membrane Filters

6. Radiation Sterilization Devices

6.1 Electron Beams 6.2 Gamma Rays 6.3 Others

by End-User 1. Pharmaceutical manfacturer 2. Packaging 3. Hospital and Clinics 4. Others
by Technology 1. Gravity 2. Vaccume 3. Steam

Sterilization Equipment Market, by Region

 North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)  Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)  Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)

Sterilization Equipment Market, Key Players are

1. Getinge Group (Sweden) 2. Advanced Sterilization Products (US) 3. Tuttnauer(US) 4. MME group Inc(US) 5. Sterigenics International, Inc.(US) 6. Midmark(US) 7. Cantel Medical(US) 8. Sterigenics International, Inc.(US) 9. Andersen Products, Inc.(US) 10. Matachana Group(US) 11. Sterile Technologies, Inc.(US) 12. 3M Company(US) 13.Belimed AG (Switzerland) 14. Metall Zug Group(Switzerland) 15. Getinge AB(Sweden) 16. Celitron Medical Technologies Kft(Hungary) 17. Nanosonics Ltd (Australia) 18. LTE Scientific(UK) 19. Steris Corporation(UK) 20. TSO3(Canada) FAQs: 1. Which country has Large- Scale Capital Inflows for Global Sterilization Equipments? Ans. The Colombia and Korea, open market sales are accompanied by increase reserve requiremnts and by tightened access to the central bank refinancing facility. Chile,Colombia and Thailand countries has the higher rates in stimulating a surge Capital Inflows in Sterilization Equipment Market. 2. What is the growth rate of Sterilization Equipment Market? Ans. The Sterilization Equipment Market is growing at a CAGR of 7.72% over forecast period. 3. What was the value of the Government fundings for the medical related Sterilization Equipments? Ans. The value of the Government fundings for the Sterilization Equipments was $ 41,881 in 2020. 4. What is the Operating Income of the Sterilization Equipment Market? Ans. The Opearating Income of the Sterilization Equipment Market has increased form $275.9 million in the year 2020. 5. Which are the global companies, who got approval from FDA for development of technologies and potential regulatory pathways going forward in Sterilization Equipment Market? Ans.
Company Technology in the Sterilization Equipment
Noxilizer,Inc. Nitrogen Dioxide Sterilization
STERIS Accelerator-Based Radiation Sterilization
STERIS Vapourized Hydrogen Peroxide Sterilization
NovaSterilis Supercritical Carbon Dioxide Sterilization
6. Which is the most common sterilization agent used in Sterilization Equipments? Ans. As surgical devices are heat-resistsnt and therefore steam sterilization is the preffered sterilizing agent globally.
1. Global Sterilization Equipment Market: Research Methodology 2. Global Sterilization Equipment Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Sterilization Equipment Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Sterilization Equipment Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Sterilization Equipment Market Segmentation 4.1 Global Sterilization Equipment Market, by Product Type (2022-2029) • Heat Sterilizers o Depyrogenation Oven o Steam Autoclaves • Low-temperature Sterilizers • Ethylene Oxide Sterilizers • Hydrogen Peroxide Sterilizers • Others o Sterile Membrane Filters • Radiation Sterilization Devices o Electron Beams o Gamma Rays o Others 4.2 Global Sterilization Equipment Market, by End-User (2022-2029) • Pharmaceutical manfacturer • Packaging • Hospital and Clinics • Others 4.3 Global Sterilization Equipment Market, by Technology (2022-2029) • Gravity • Vaccume • Steam 5. North America Sterilization Equipment Market(2022-2029) 5.1 North America Sterilization Equipment Market, by Product Type (2022-2029) • Heat Sterilizers o Depyrogenation Oven o Steam Autoclaves • Low-temperature Sterilizers • Ethylene Oxide Sterilizers • Hydrogen Peroxide Sterilizers • Others o Sterile Membrane Filters • Radiation Sterilization Devices o Electron Beams o Gamma Rays o Others 5.2 North America Sterilization Equipment Market, by End-User (2022-2029) • Pharmaceutical manfacturer • Packaging • Hospital and Clinics • Others 5.3 North America Sterilization Equipment Market, by Technology (2022-2029) • Gravity • Vaccume • Steam 5.4 North America Sterilization Equipment Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Sterilization Equipment Market (2022-2029) 6.1. European Sterilization Equipment Market, by Product Type (2022-2029) 6.2. European Sterilization Equipment Market, by End-User (2022-2029) 6.3. European Sterilization Equipment Market, by Technology (2022-2029) 6.4. European Sterilization Equipment Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Sterilization Equipment Market (2022-2029) 7.1. Asia Pacific Sterilization Equipment Market, by Product Type (2022-2029) 7.2. Asia Pacific Sterilization Equipment Market, by End-User (2022-2029) 7.3. Asia Pacific Sterilization Equipment Market, by Technology (2022-2029) 7.4. Asia Pacific Sterilization Equipment Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Sterilization Equipment Market (2022-2029) 8.1 Middle East and Africa Sterilization Equipment Market, by Product Type (2022-2029) 8.2. Middle East and Africa Sterilization Equipment Market, by End-User (2022-2029) 8.3. Middle East and Africa Sterilization Equipment Market, by Technology (2022-2029) 8.4. Middle East and Africa Sterilization Equipment Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Sterilization Equipment Market (2022-2029) 9.1. South America Sterilization Equipment Market, by Product Type (2022-2029) 9.2. South America Sterilization Equipment Market, by End-User (2022-2029) 9.3. South America Sterilization Equipment Market, by Technology (2022-2029) 9.4 South America Sterilization Equipment Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Getinge Group (Sweden) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Advanced Sterilization Products (US) 10.3 Tuttnauer(US) 10.4 MME group Inc(US) 10.5 Sterigenics International, Inc.(US) 10.6 Midmark(US) 10.7 Cantel Medical(US) 10.8 Sterigenics International, Inc.(US) 10.9 Andersen Products, Inc.(US) 10.10 Matachana Group(US) 10.11 Sterile Technologies, Inc.(US) 10.12 3M Company(US) 10.13 Belimed AG (Switzerland) 10.14 Metall Zug Group(Switzerland) 10.15 Getinge AB(Sweden) 10.16 Celitron Medical Technologies Kft(Hungary) 10.17 Nanosonics Ltd (Australia) 10.18 LTE Scientific(UK) 10.19 Steris Corporation(UK) 10.20 TSO3(Canada)

About This Report

Report ID 15397
Category Medical Devices
Published Date June 2023
Updated Date
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