Sterilization Equipment Market is Expected to Reach $8.87 Billion By 2026

ABOUT THIS REPORT

OVERVIEW

Sterilization Equipment Market was valued at $8.87 billion by 2019; growing at a CAGR of 8.1% till 2026.

Sterilizing equipment provides medical safety of patients, medical practitioners, and the environment by fighting against healthcare-associated infections (HAIs), which hospital patients get during their hospital stay. Surgical instruments, contaminated equipment can cause HAIs. Sterilizing equipment eliminates microorganisms such as bacteria, viruses, fungi, spores, unicellular eukaryotic organisms present in a specific surface, object, or fluid. Sterilization is done through heat, irradiation, high pressure, chemicals, and filtration.

Sterilization equipment is used to kill harmful bacteria, viruses, fungi, and spores on the medical equipment or other item placed inside a pressure vessel. Sterilization equipment helps to prevent the spread of healthcare-associated infections (HAIs) from contaminated equipment and surgical instruments. HAIs are the infections that patients get during treatment for medical or surgical conditions. For instance, according to the Centers for Disease Control and Prevention (CDC) estimates that around 1.7 million people contract HAIs, and about 99,000 of those cases result in death each year in American hospitals alone. According to the World Health Organization (WHO), around 4.1 million people in Europe are affected by healthcare-associated infections each year. According to the Studies conducted in hospitals, 5% to 10% of hospitalizations in Europe and North America result in Healthcare-Associated Infection (HAI). In regions like Latin America, Sub-Saharan Africa, and Asia, it’s more than 40% result in Healthcare-Associated Infection (HAI). The rising incidence of healthcare-associated infections has increased the demand for sterilization equipment.

Heat Sterilization Instruments (Dry Heat Sterilization Instruments and Steam Sterilization Instruments), Low-Temperature Sterilization Instruments (Ethylene Oxide Sterilization Instruments, Formaldehyde Sterilization Instruments, Hydrogen Peroxide Plasma Sterilization Instruments, Ozone-Based Sterilization Instruments, and Others), Radiation Sterilization Instruments (Gamma Radiation Sterilization Instruments, E-Beam Radiation Sterilization Instruments, and X-ray Sterilization Instruments), and Filtration Sterilization Instruments is the product type segment of the market scope. By service type, the market is divided into E-Beam Sterilization Services, Gamma Radiation Sterilization Services, X-Ray Sterilization Services, Ethylene Oxide Sterilization Services, and Others. By consumables and accessories, the market is further divided into Sterilization Indicators, Sterilant Cassettes, Sterilization Containers, Pouches, and Others. By end-users, the global Sterilization Equipment market is divided into Hospitals & Clinics, Pharmaceutical Companies, Medical Device Companies, Laboratories, and Others. The report covers the value of the global market by product type, service type, consumables and accessories, and end-users.

The market value heat sterilization instrument was USD XX billion in 2019, and it is expected to reach USD XX billion by 2026, growing at a CAGR of XX during 2020-2026. Heat sterilization instruments have significant growth in 2019, due to collaboration between companies to develop heat sterilization instruments and commercialization of new and advanced products.

North America, Europe, Asia Pacific, South America, and Middle East & Africa are taken into consideration at the global sterilization equipment value figures. While North America is further categorized into enhancing the United States, Canada, and Mexico, Europe is split into the United Kingdom, Germany, France, Italy, and Rest of Europe. Asia-Pacific covers India, China, Japan, South Korea, and Rest of Asia Pacific in its scope. South America is bifurcated into Brazil, Argentina, and Rest of South America, with Middle East & Africa involving GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

North America sterilization equipment market was USD XX billion in 2019, and it is predicted to reach USD XX billion by 2026, growing at a CAGR of XX during the forecast period. The increasing partnership between companies to provide sterilization equipment for pharmaceutical, biotech, and medical device products, the rising number of hospitals and clinics, commercialization of new and advanced products, government initiatives for infrastructural improvements of healthcare facilities, and regulatory approval for sterilization equipment and its accessories would improve the market growth.

Major players operating in the sterilization equipment industry include Advanced Sterilization Products, Steris Corporation, Getinge Group, 3M Company, Belimed AG, Matachana Group, MMM Group, Sotera Health, Cantel Medical, Tuttnauer, Noxilizer, Inc., Steelco S.P.A., Andersen Products, Inc., DE Lama Spa, Merck KgaA, Cosmed Group, Inc., Systec GmbH, Life Science Outsourcing, Inc., Cardinal Health, and E-Beam Services, Inc.

Commercialization of new and advanced products, the increasing partnership between companies to provide sterilization equipment for pharmaceutical, biotech, and medical device products, and regulatory approval for sterilization equipment and its accessories are some of the strategies adopted by the companies.