The Sterilization Equipment and Disinfectants by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Sterilization Equipment and Disinfectants, The sterilization equipment and disinfectants market size has grown rapidly in recent years. It will grow from $9.13 billion in 2023 to $10.07 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to strong economic growth in emerging markets, growing demand for eco-friendly disinfectants, an increased healthcare expenditure and an increased number of surgical procedures. .
The sterilization equipment and disinfectants market size is expected to see strong growth in the next few years. It will grow to $14.28 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to government support, an increasing prevalence of chronic diseases, rapid growth in the elderly population and a rising incidence of hospital-acquired infections (hais) will drive the market growth. . Major trends in the forecast period include new product launches, focus on disinfection robots, mergers and acquisitions, new facility expansions, technology advancements, partnerships and collaborations and increasing investments..
Government regulations to combat the COVID-19 situation are expected to boost market growth during the forecast period. The US EPA announced the acceleration of reviewing the submissions by disinfectant manufacturers requesting to add emerging viral pathogens claims to the already existing surface disinfectant labels. EPA also took steps against supply chain challenges by increasing the flexibility of procurement of inert ingredients and even some active ingredients listed in List N – “Disinfectants for Use against SARS-CoV-2”, without checking for the agency’s approval. The manufacturers are also allowed to release the disinfectants by just notifying the changes adopted in formulation and manufacturing facilities without waiting for US EPA approval. EPA has also created platforms to identify and protect consumers from fraudulent Coronavirus Disinfectants Claims. Governments’ steps against COVID-19 will focus on the enhancement of the production, approval, and safety of consumers and mitigate the supply chain challenges, which will increase the revenue of the sterilization equipment and disinfectants market.
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The sterilization equipment and disinfectants market covered in this report is segmented –
1) By Product Type: Sterilization Equipment, Disinfectants
2) By Method: Physical Method, Chemical Method, Mechanical Method
3) By End Use: Hospitals And Clinics, Clinical Laboratories, Pharmaceutical Companies, Other Industries, Non-Industrial Use
Top Major Players:
Steris PLC
Getinge AB
Advanced Sterilization Products
Sotera Health LLC
Belimed AG
Asia-Pacific was the largest region in the sterilization equipment and disinfectants market in 2023.
Sustainable solutions such as repeat sterilization of the medical equipment market including personal protective equipment are expected to boost the market during the forecast period. As there is a shortage in the supply of PPE to the hospitals offering services to COVID-19 patients, few companies have come up with repeat sterilization of used PPE like gowns and masks. In October 2023, the US food and drug administration (FDA) announced that the sterilization standards and technical information reports (TIRs) had been accepted to advance innovation in medical device sterilization procedures. The design and validation of a new cleanroom and an epidemiological risk analysis for a reusable oral medical device are two of Ed’s most recent initiatives . Similarly, Battelle Memorial Institute, a non-profit research organization, is aiming to reuse the N95 respirator masks by sterilizing the N95 respirator masks as long as the masks are not made of cellulose. Battelle has been funded with $400 million by the Defense Logistics Agency under US HHS to provide decontamination of N95 across 60 sites in the USA. Following the scarcity of PPE, decontamination or sterilization of PPE rather than replacing this vital medical equipment is expected to be a growth area.
The sterilization equipment and disinfectants market report table of contents includes:
1. Executive Summary
2. Sterilization Equipment and Disinfectants Market Characteristics
3. Sterilization Equipment and Disinfectants Market Trends And Strategies
4. Sterilization Equipment and Disinfectants Market – Macro Economic Scenario
5. Global Sterilization Equipment and Disinfectants Market Size and Growth
…
32. Global Sterilization Equipment and Disinfectants Market Competitive Benchmarking
33. Global Sterilization Equipment and Disinfectants Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Sterilization Equipment and Disinfectants Market
35.Sterilization Equipment and Disinfectants Market Future Outlook and Potential Analysis
36. Appendix
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