Overview and Scope
Sterilization is the process of the complete elimination of all forms of microbial life, including bacteria, viruses, fungi, and spores, on the surface of an item or in the fluid, to prevent disease transmission related to the usage of an object. The equipment used for sterilization is called sterilization equipment.
Sizing and Forecast
The sterilization equipment market size has grown rapidly in recent years. It will grow from <b>$12.18 billion in 2023 to $13.59 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. </b> The growth in the historic period can be attributed to rising demand for infection control measures, awareness of regulatory requirements, expanding applications in diverse industries, rising demand for single-use medical devices, expanded isolation facilities.
The sterilization equipment market size is expected to see rapid growth in the next few years. It will grow to <b>$22.14 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%. </b> The growth in the forecast period can be attributed to increasing demand for specialized resins, emerging infectious diseases, global medical tourism, telemedicine and remote healthcare, emerging applications in advanced therapies.. Major trends in the forecast period include miniaturization, automation and robotics, wireless connectivity, smart sterilization cycles, multi-modal sterilization.
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Segmentation & Regional Insights
The sterilization equipment market covered in this report is segmented –
1) By Product: Sterilization Indicators, Detergents, Pouches, Lubricants, Sterilization Accessories
2) By Equipment: High-Temperature Sterilization, Low-Temperature Sterilization, Filtration Sterilization, Lonizing Radiation Sterilization
3) By End User: Pharmaceutical Companies, Hospitals And Clinics, Medical Device Companies, Food And Beverage Companies, Other End Users
<b>North America</b> was the largest region in the sterilization equipment market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the sterilization equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising incidences of hospital-acquired infections significantly contribute to the growth of the sterilization equipment market going forward. HAIs (hospital-acquired infections) is an illness that thrives in a hospital setting, such as those contracted by a patient during a hospital stay, and are a leading cause of morbidity and mortality around the world. These include bloodstream infections from a central line, urinary tract infections from a catheter, and pneumonia from a ventilator. The rising number of hospital-acquired infections requires more sterilization equipment in healthcare facilities. For instance, in August 2021 according to the National and State Healthcare-Associated Infections Progress Report by the Centers for Disease Control and Prevention (CDC), a US-based government agency, in 2021, the count of facilities reporting HAIs through NHSN reverted to its pre-pandemic levels, following a decrease in 2020. In addition, Nationally, among US acute care hospitals, there was an overall, 7% increase in CLABSI, a type of hospital-acquired infection (HAI), between 2020 and 2021. Therefore, the rising incidences of hospital-acquired infections propel the growth of the sterilization equipment market.
Key Industry Players
Major companies operating in the sterilization equipment market include <b> STERIS plc, Getinge AB, 3M Company, Cardinal Health Inc., Fortive Corporation, Stryker Corporation, Cantel Medical Corp., MMM Group, Merck KGaA, Matachana Group, Systec GmbH, Metall Zug Group, Tuttnauer, De Lama S.p.A., Life Science Outsourcing Inc., Midwest Sterilization Corporation, Belimed AG, Sotera Health LLC, Sterigenics U.S. LLC, E-BEAM Services Inc., Advanced Sterilization Products Services Inc., Celitron Medical Technologies Kft., Consolidated Sterilizer Systems, LTE Scientific Ltd., Prince Sterilization Services LLC, Continental Equipment Company LLC, BGS Beta-Gamma-Service GmbH & Co. KG, ACMAS Technologies Pvt. Ltd., Microtrol Sterilisation Services Pvt. Ltd., Sterilization Systems Group Inc. </b>
The sterilization equipment market report table of contents includes:
1. Executive Summary
2. Sterilization Equipment Market Characteristics
3. Sterilization Equipment Market Trends And Strategies
4. Sterilization Equipment Market – Macro Economic Scenario
5. Global Sterilization Equipment Market Size and Growth
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26. South America Sterilization Equipment Market
27. Brazil Sterilization Equipment Market
28. Middle East Sterilization Equipment Market
29. Africa Sterilization Equipment Market
30. Sterilization Equipment Market Competitive Landscape And Company Profiles
Top Major Players:
- STERIS PLC
- Getinge AB
- 3M Company
- Cardinal Health Inc
- Fortive Corporation
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