Sterilization Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Market is Segmented by Equipment (High-temperature Sterilization, Low-temperature Sterilization, Filtration Sterilization, and Ionizing Radiation Sterilization), End User (Hospitals and Clinics, Pharmaceutical and Biotechnology Companies, Education and Research Institutes, Food and Beverage Industries, Other End Users), and Geography North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments.

Market Snapshot

Sterilization Equipment Market Overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 9.55 %
Sterilization Equipment Market Key Players

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Market Overview

The sterilization equipment market studied was anticipated to grow with a CAGR of nearly 9.55% during the forecast period. Sterilization equipment plays a vital role in the sterilization of medical devices and instruments. Various sterilization techniques have been developed through the years, to control and kill microbial growth and prevent the spread of infections through medical devices and surgical instruments. These techniques have been successfully implemented in innovating new sterilization equipment.

With the growing population in the world, the prevalence of various infectious diseases has rapidly increased. Many of these diseases require medical interventions and surgeries. The instruments and devices used in the surgeries need to be sterilized. Moreover, the infected instruments may give rise to the cross-transmission of diseases. These factors have given rise to the need for sterilization equipment to prevent the further spread of infectious diseases. Apart from these, the expansion of pharmaceutical companies has been a major factor in the growth of the market studied. However, stringent regulatory standards for approval, production of these devices, and disadvantages of chemical agents used as chemical sterilants in some equipment, which may cause the potential for eye and skin damage, have been restraining the market growth.

Scope of the Report

Sterilization equipment is used to eliminate and disinfect life forms, such as bacteria, fungi, viruses, and other biological agents. As per the scope of the report, sterilization equipment is an essential step in the reprocessing of reusable medical instruments and surgical instruments that have been contaminated, or potentially contaminated, by the patient’s biological fluids. The aim of the sterilization is the prevention of potential cross-infection between patients by killing micro-organisms, such as bacteria, viruses, and many others. Therefore, effective cleaning of the instrument is particularly important to remove contamination physically. The Market is Segmented by Equipment (High-temperature Sterilization, Low-temperature Sterilization, Filtration Sterilization, and Ionizing Radiation Sterilization), End User (Hospitals and Clinics, Pharmaceutical and Biotechnology Companies, Education and Research Institutes, Food and Beverage Industries, Other End Users), and Geography North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments.

By Equipment
High-temperature Sterilization
Wet/Steam Sterilization
Dry Sterilization
Low-temperature Sterilization
Ethylene Oxide (ETO)
Hydrogen Peroxide
Ozone
Other Low-temperature Sterilization Equipment
Filtration Sterilization
Ionizing Radiation Sterilization
E-beam Radiation Sterilization
Gamma Sterilization
Other Ionizing Radiation Sterilization Equipment
By End User
Hospitals and Clinics
Pharmaceutical and Biotechnology Companies
Education and Research Institutes
Food and Beverage Industries
Other End Users
By Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

High-temperature Sterilization Equipment Dominates the Market

High-temperature equipment is the most widely used and the most dependable sterilization equipment. High-temperature sterilization is usually nontoxic to patients, staff, and the environment, and is highly microbicidal. It also penetrates deep into the medical devices and is less costly, as compared to other sterilization equipment, thus making it cost-effective. These factors are responsible for the dominance of this segment in the market. High-temperature sterilization equipment is further sub-segmented into steam sterilization and dry sterilization.

The increasing number of several surgical procedures is boosting the high-temperature sterilization of surgical devices used in the process, which may drive the segment growth.

Sterilization Equipment Market Revenue Share

Asia-Pacific to Witness the Fastest Growth

Asia-Pacific has experienced positive growth in the sterilization equipment market, and it is estimated to witness significant growth over the forecast period. The disposable income of consumers in the region witnessed significant growth, which increased the standard of living of people in the region. The urban population in India and China are 34% and 59%, respectively, of the total population, as per the World Bank data, 2018. As this population increases, the demand for quality medical treatments may also increase. Furthermore, the growing population has increased the prevalence of diseases.

Hence, there has been a surge in demand for medical devices and other instruments. This has resulted in increasing the demand for sterilization equipment.

Sterilization Equipment Market Growth Rate By Region

Competitive Landscape

The majority of sterilization equipment is being manufactured by the global key players. Market leaders with more funds for research and better distribution system have established their positions in the market. Moreover, Asia-Pacific is witnessing an emergence of a few small players due to the rising awareness, which helped in the market's growth, hence increasing the market revenue.

RECENT DEVELOPMENTS

In August 2021, Hong Kong-based Aurabeat had launched a US FDA-approved anti-Covid class 2 medical device for SARS-COV-2 disinfection in India.

In Decemebr 2020, STERIS announced launch of Spordex Self-Contained Biological Indicator (SCBI) Ampoules to confirm sterilization of liquids in steam autoclave cycles. STERIS SCBI Ampoules are confirmed to provide a reduced incubation time (RIT) of 48 hours for fast and reliable results.

In September 2020, Midmark Corp., a leading dental solutions provider announced the launch of the updated Midmark M3 Steam Sterilizer

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Risks of Cross-transmission

      2. 4.2.2 Increasing Number of Surgical Procedures

      3. 4.2.3 Growth in Pharmaceutical and Biotechnology Industries

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost Associated with the Device

      2. 4.3.2 Exposure to Chemicals in Equipments

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Equipment

      1. 5.1.1 High-temperature Sterilization

        1. 5.1.1.1 Wet/Steam Sterilization

        2. 5.1.1.2 Dry Sterilization

      2. 5.1.2 Low-temperature Sterilization

        1. 5.1.2.1 Ethylene Oxide (ETO)

        2. 5.1.2.2 Hydrogen Peroxide

        3. 5.1.2.3 Ozone

        4. 5.1.2.4 Other Low-temperature Sterilization Equipment

      3. 5.1.3 Filtration Sterilization

      4. 5.1.4 Ionizing Radiation Sterilization

        1. 5.1.4.1 E-beam Radiation Sterilization

        2. 5.1.4.2 Gamma Sterilization

        3. 5.1.4.3 Other Ionizing Radiation Sterilization Equipment

    2. 5.2 By End User

      1. 5.2.1 Hospitals and Clinics

      2. 5.2.2 Pharmaceutical and Biotechnology Companies

      3. 5.2.3 Education and Research Institutes

      4. 5.2.4 Food and Beverage Industries

      5. 5.2.5 Other End Users

    3. 5.3 By Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Fortive Corporation (Advanced Sterilization Products)​

      2. 6.1.2 Anderson Products

      3. 6.1.3 Metall Zug Group (Belimed) ​

      4. 6.1.4 Cantel Medical

      5. 6.1.5 Getinge AB

      6. 6.1.6 Matachana Group

      7. 6.1.7 MMM Group

      8. 6.1.8 STERIS PLC

      9. 6.1.9 Systec GmbH

      10. 6.1.10 Stryker Corporation (TSO3 INC.)

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Global Sterilization Equipment Market market is studied from 2018 - 2026.

The Global Sterilization Equipment Market is growing at a CAGR of 9.55% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Getinge AB, Fortive Corporation (Advanced Sterilization Products), Anderson Products, Cantel Medical, STERIS PLC are the major companies operating in Global Sterilization Equipment Market.

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