Increased incidents of HAIs (hospital-acquired infections), growth in number of hospitals and surgical centres across developing economies, and strict regulations pertaining to sterilization standards in the food industry are key factors driving market growth.
Increased incidents of HAIs (hospital-acquired infections), growth in number of hospitals and surgical centres across developing economies, and strict regulations pertaining to sterilization standards in the food industry are key factors driving market growth
According to the current analysis by Reports and Data, the global sterilization equipment market size was USD 8,959.2 Million in 2020 and is expected to reach USD 15,211.6 Million in 2028 at a CAGR of 6.8% during the forecast period. Market revenue growth is majorly driven by rising sterility concerns in medical & healthcare and food industry.
In several settings, sterilization is crucial for the removal of all kind of microbes that may contaminate substances and lead to health hazards. In pharmaceutical preparations, disinfection practice should be observed throughout all stages of manufacturing to ensure safety. Several incidences have surfaced where microbial growth is detected in pharmaceuticals during a routine manufacturing inspection. Such incidents are leading to concerns, and thus are given prime importance to be ensured by bodies like WHO (World Health Organization), Centre for Disease Control and Prevention (CDC), and FDA.
Technologies like gamma irradiation and low-temperature techniques are being extensively used in the food industry for sterilization of exotic fruits and vegetables. Rise in sterilization technology advancement is expected to fuel sterilization equipment market growth through 2028.
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Some Key Highlights from the Report:
- Based on product & service, the low-temperature segment is expected register a CAGR of 7.1 % through 2028. The robust growth can be attributed increasing compatibility of low-temperature sterilization with delicate medical devices. In addition, increasing product proliferation in packaging material, plastics, and device lumens is expected to boost revenue growth of the segment over the forecast period.
- The dry-heat sterilization sub-segment is expected to register significant revenue growth through 2028 due to usage in items that can withstand temperatures in the range of 160-180 degree Celsius. The items to be sterilized are generally wrapped in aluminium foils. However, it is a time-consuming process due to the low heat capacity of air.
- The filtration sterilization segment accounted for a nearly 46.2% of the market share in 2020 in terms of revenue and is expected to register a notable CAGR over the forecast period. Extensive product usage for heat sensitive devices and oncology products is expected to further contribute to revenue growth of this segment.
- Based on end-use, the hospitals & clinics segment accounted for the largest revenue share in the global sterilization equipment market share in 2020 owing to increasing incidence of healthcare-associated infections (HAIs) and rise in number of surgical procedures performed annually across the globe.
- Geographically, North America is expected to account for largest revenue share in the sterilization equipment market over the forecast period due to growing demand for sterilization technologies from the healthcare industry to minimize the occurrence of HAIs in the region.
- Key market players include Getinge Group, STERIS Corporation, Advanced Sterilization Products Services, Belimed, 3M, MATACHANA GROUP, and Cantel Medical among others.
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For the purpose of this report, Reports and Data has segmented the global Sterilization Equipment market on the basis of products and services, end-use, and region:
Product and Service Outlook (Revenue, USD Million; 2018–2028)
- Sterilization Instrument
- Heat/High-temperature Sterilization Equipment
- Moist Heat/Steam Sterilization Equipment
- Dry Heat Sterilization
- Low-temperature Sterilization
- Ethylene Oxide Sterilization
- Vaporized Hydrogen Peroxide Sterilization
- Hydrogen Peroxide Gas Plasma Sterilization
- Ozone-based Medical Sterilization
- Formaldehyde Sterilization
- Other Low-temperature Sterilization
- Filtration Sterilization
- Ionizing Radiation Sterilization
- E-beam Radiation Sterilization
- Gamma Sterilization
- Sterilization Services
- Ethylene Oxide Sterilization Services
- Gamma Sterilization Services
- E-beam Sterilization Services
- Steam Sterilization Services
- Other Sterilization Services
- Sterilization Consumables and Accessories
- Detergents
- Sterilization Indicators
- Pouches
- Lubricants
- Sterilization Accessories
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End-Use Outlook (Revenue, USD Million; 2018–2028)
- Pharmaceutical Companies
- Hospitals & Clinics
- Medical Device Companies
- Food & Beverage Industry
- Other End Users
Regional Outlook (Revenue, USD Million; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- BENELUX
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of Middle East & Africa
Explore Reports and Data's Prime Analysis of the global Pharmaceutical & Healthcare Industry:
Advanced Sterilization Products Market By Product & Service (Dry Heat, Ethylene Oxide, E-Beam, Steam), By Consumables & Accessories Type (Pouches, Lubricants), And By End User (Hospitals & Clinics, Pharmaceutical Companies), Forecasts To 2027 By Product & Service (Dry Heat, Ethylene Oxide, E-Beam, Steam), By Consumables & Accessories Type (Pouches, Lubricants), And By End User (Hospitals & Clinics, Pharmaceutical Companies), Forecasts To 2027
Sterile Medical Packaging Market Size, Share & Analysis, By Type (Sterile Bottles, Thermoform Trays, Sterile Closures, Vials & Ampoules, Pre-Filled Syringes, Bags & Pouches, Blisters & Clamshells, Others), By Material (Plastic, Glass, Metal, Others), By Application (Surgical & Medical Equipment, Pharmaceutical & Biological, Medical Implants, Others), By Sterilization Method (Radiation Sterilization, Chemical Sterilization), And By Region, Forecast To 2028
Food Ingredients Sterilization Market Size, Share & Analysis, By Ingredient (Meat & Poultry, Spice, Herbs And Seasonings, Dried Fruits And Vegetables, Dairy Ingredients, Seafood, Tea Blends, Cereals And Pulses, And Nuts), By Sterilization Method, By End-Use, And By Region, Forecasts To 2028
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