Sterilization plays a huge part in healthcare industry. The propensity of getting affected by any virus or infection is high from hospitals, clinics, and in laboratories spreads at an enormous speed.
Sterilization plays a huge part in healthcare industry. The propensity of getting affected by any virus or infection is high from hospitals, clinics, and in laboratories spreads at an enormous speed. The continuous increase in hospital-acquired infections has forced authorities to formulate stick actions and better use sterilization must be imposed that will help in eradicating the flow of microorganism. The increasing health consciousness among the huge population across the globe, as well as increasing healthcare infrastructure has also increased the use of sterilization. Moreover, increasing geriatric population, increasing number of visits, and longer stays in hospitals will expand the growth of sterilization equipment and disinfectant market in coming years. In addition, growing number of surgeries in clinics and hospital will expand the growth of sterilization equipment and disinfectant market.
Technological advancement has introduced low temperature sterilization, which has profoundly taken up the global market. Low temperature sterilization consists of hydrogen peroxide gas plasma, ethylene oxide sterilization, and others. The global acceptance for hydrogen peroxide gas plasma has grown widely as the technology kills microorganisms, produces uncharged molecules inside the plasma field, and intrudes the working of cell components. Additionally, with constant technological advancements in low temperature sterilization equipment will further boost the market to use more of sterilized equipment in coming years.
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The global market for sterilization equipment and disinfectant is expected to flourish in coming years due to following reasons:
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Higher number of surgical performance where half a million population in the U.S have undergone inpatient surgeries, which is been closely followed by outpatient surgeries, derived from the data collected from Centers for Disease Control and Prevention. As the use of sterilization equipment’s are highly used during surgical procedures, which is expected to grow in near future.
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Globally increasing incidence of chronic diseases and growing government initiatives to adopt specified sterilization standards in respected places will increase the demand for sterilization equipment among huge population.
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Additionally, increasing public health awareness programs which incorporate strict medical safety and infection control procedures have resulted in reducing healthcare cost and made shorter stays of the patients at the hospital
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In addition to low temperature sterilization, gamma radiation is also widely used as a sterilization process in food industry.
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On the other hand, increasing use of disposable medical devices such as face masks, gloves, syringes, needles, and catheters may deter the use of sterilization equipment and hamper he market.
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Geographically, a prominent role is played by North America due to advanced technology, increased presence of infectious diseases, and growing demand for non-disposable surgical instruments.
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Recently, with the increased traffic on numerous Chinese products by the U.S., government could escalate the price for various imaging, sterilization, and medical equipment, including X-ray tubes, EKGs, and CT scanners. This will eventually increase the medical cost in the U.S. as well.
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Market in North America to expand at considerable pace and create high incremental opportunity
In terms of value, North America held a major share of the global market in 2017. This is due to rise in awareness about HAI and increase in focus on research and development in the U.S. Furthermore, high prevalence of infectious diseases, such as cholera, influenza and syphilis, in North America propels the demand for utilization of sterilization equipment and disinfectants, which in turn is projected to propel the sterilization equipment and disinfectant market in North America from 2018 to 2026.
Poor sanitization measures and lack of awareness about prophylaxis of diseases among people increases the rate of hospitalization and the demand for utilization of sterilization equipment and disinfectants. This, in turn, is anticipated to drive the sterilization equipment and disinfectant market in Asia Pacific. According to the British Medical Journal (BMJ), contamination of water is a serious threat in countries in Africa that witnessed an increased risk of diarrhea due to inadequate water storage. Prevention of water contamination and associated risk increases the demand for disinfectant equipment and chemicals in this region. These factors are likely to propel the sterilization equipment and disinfectant market in Latin America. The market in the region is expected to expand at a CAGR of above 4.6% from 2018 to 2026.
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Steris, GETINGE AB, and Advanced Sterilization Products Services, Inc. to dominate market
The report provides profiles of leading players operating in the global sterilization equipment and disinfectant market. They include Advanced Sterilization Products Services, Inc., Getinge AB, STERIS Corporation, Belimed, 3M Company, Cantel Medical Corp., TSO3 Inc., SAKURA SI Co., Ltd., Matachana Group, and CISA production srl. Market players adopt strategies such as expansion of product portfolio by developing new products or through acquisitions and licensing agreements. For instance, On May 29, 2017, the Belimed Group (Infection Control Business Unit of Metall Zug Group) acquired 100% stake in Sterifast, a Portugal-based company that specializes in low temperature sterilization. The acquisition of Sterifast is anticipated to provide Belimed access to know-how and solutions for the rapidly expanding low temperature sterilization market. Moreover, it is anticipated to strengthen the company’s position as a full solution provider. Other key players are also adopting similar strategies.
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