|Study Period:||2018 - 2026|
|Fastest Growing Market:||Asia Pacific|
|Largest Market:||North America|
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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 End User|
|Hospitals and Clinics|
|Pharmaceutical and Biotechnology Companies|
|Education and Research Institutes|
|Food and Beverage Industries|
|Other End Users|
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.
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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.
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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.
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 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Risks of Cross-transmission
4.2.2 Increasing Number of Surgical Procedures
4.2.3 Growth in Pharmaceutical and Biotechnology Industries
4.3 Market Restraints
4.3.1 High Cost Associated with the Device
4.3.2 Exposure to Chemicals in Equipments
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Equipment
5.1.1 High-temperature Sterilization
220.127.116.11 Wet/Steam Sterilization
18.104.22.168 Dry Sterilization
5.1.2 Low-temperature Sterilization
22.214.171.124 Ethylene Oxide (ETO)
126.96.36.199 Hydrogen Peroxide
188.8.131.52 Other Low-temperature Sterilization Equipment
5.1.3 Filtration Sterilization
5.1.4 Ionizing Radiation Sterilization
184.108.40.206 E-beam Radiation Sterilization
220.127.116.11 Gamma Sterilization
18.104.22.168 Other Ionizing Radiation Sterilization Equipment
5.2 By End User
5.2.1 Hospitals and Clinics
5.2.2 Pharmaceutical and Biotechnology Companies
5.2.3 Education and Research Institutes
5.2.4 Food and Beverage Industries
5.2.5 Other End Users
5.3 By Geography
5.3.1 North America
22.214.171.124 United States
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
184.108.40.206 South Korea
220.127.116.11 Rest of Asia-Pacific
5.3.4 Middle-East and Africa
18.104.22.168 South Africa
22.214.171.124 Rest of Middle-East and Africa
5.3.5 South America
126.96.36.199 Rest of South America
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Company Profiles
6.1.1 Fortive Corporation (Advanced Sterilization Products)
6.1.2 Anderson Products
6.1.3 Metall Zug Group (Belimed)
6.1.4 Cantel Medical
6.1.5 Getinge AB
6.1.6 Matachana Group
6.1.7 MMM Group
6.1.8 STERIS PLC
6.1.9 Systec GmbH
6.1.10 Stryker Corporation (TSO3 INC.)
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Global Sterilization Equipment Market market is studied from 2018 - 2026.
What is the growth rate of Global Sterilization Equipment Market?
The Global Sterilization Equipment Market is growing at a CAGR of 9.55% over the next 5 years.
Which region has highest growth rate in Global Sterilization Equipment Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Global Sterilization Equipment Market?
North America holds highest share in 2020.
Who are the key players in Global Sterilization Equipment Market?
Getinge AB, Fortive Corporation (Advanced Sterilization Products), Anderson Products, Cantel Medical, STERIS PLC are the major companies operating in Global Sterilization Equipment Market.