Sterilization Equipment Market Exclusive Insights on Size, Share and Profit | MDC Research
The global sterilization equipment market is estimated to be over US$ 27.2 Bn by 2030. It is anticipated to grow at a CAGR of 9.8 % from 2022 to 2030.
Sterilization can be defined as the process of elimination, removal, inactivation or killing harmful biotic components from culture, fluids, surface or medications. The process of sterilization is performed by several techniques, namely filtration, irradiation, heat, pressure and chemical among others. These equipment are majorly used in research facilities, laboratories namely, medial and microbiology.
The global sterilization equipment market is driven by increasing investments in healthcare and research facilities for obtaining contamination free environment and equipment. Moreover, increasing awareness regarding diseases and infections caused as a result of non-sterile conditions has been crucial in contributing to the rising demand for sterilization equipment. Similarly, increasing number of surgeries worldwide has been crucial in contributing to the growth of sterile equipment market. However, stringent rules and several other regulatory scenarios are likely to restrain the market to a certain extent.
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Sterilization Equipment Market by Product & Service?
On the basis of product & service, the sterilization equipment market is segmented into sterilization instruments, sterilization consumables & accessories and sterilization services. The segment of sterilization instruments can be broadly classified into heat/high-temperature sterilization, low-temperature sterilization, filtration sterilization, and ionizing radiation sterilization. The heat/high-temperature sterilization segment can be further classified into moist heat/steam sterilization and dry heat sterilization. Similarly, the segment of low-temperature sterilization can be further classified into ethylene oxide sterilization, hydrogen peroxide gas plasma sterilization, formaldehyde sterilization, vaporized hydrogen peroxide sterilization, ozone-based medical sterilization, and other low-temperature sterilization technologies. Whereas, ionizing radiation sterilization segment can be segmented into e-beam radiation sterilization and gamma sterilization. Sterilization Consumables and Accessories?segment can be further classified into sterilization indicators, lubricants, detergents, pouches, and sterilization accessories. While the sterilization services?segment is divided into gamma sterilization services, steam sterilization services, ethylene oxide sterilization services, E-Beam Sterilization Services, and Other Sterilization Services. In terms of revenue, the segment of sterilization instruments is anticipated to account for largest market share in 2018, owing to increasing number of healthcare and research establishments worldwide.
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Sterilization Equipment Market by End Users?
Based on the end users, the market is segmented into medical device companies, pharmaceutical companies, hospitals & clinics,?food & beverage industry?and other end users. The hospitals & clinics?segment is estimated to account for the largest share of the global sterilization equipment market. The large share of this segment can be attributed to presence of advanced facilities and improving infrastructure in the sector of healthcare services.
Sterilization Equipment Market by Regions?
The global sterilization equipment market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). North America dominated the market of sterilization equipment market, followed by Europe and Asia Pacific. North America will continue to dominate the global sterilization equipment market in the forecast period owing to factors such as increasing R&D projects, increasing adoption of latest technologies, increased funding from both private and public organizations and several others. However, Asia Pacific is expected to witness the highest CAGR, with the growth in this market centered at China, India, and Japan. Factors such as rise in medical tourism, rising population, increasing number of surgeries and highly advance hospital infrastructure have been crucial in contributing to the growth of the global sterilization market.
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Sterilization Equipment Market?Prominent Players?
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The prominent players in the global sterilization equipment market are Sterigenics U.S., LLC,?Cantel Medical. , Belimed, 3M , Getinge AB, STERIS plc., Sterile Technologies, Inc. , Advanced Sterilization Products Division Ethicon US, LLC., Andersen Products, Inc., and?SAKURA SI CO., LTD.
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