Sterilization Equipment Market

Sterilization Equipment Market

Growth Factors of Sterilization Equipment Market

The sterilization equipment market size was valued at USD 9.31 billion in 2022, and the market is now projected to grow from USD 10.10 billion in 2023 to USD 19.25 billion by 2030, exhibiting a CAGR of 9.7% during the forecast period of 2023-2030.

A moderate impact from COVID-19 led to a rise in the installation of sterilization systems during projected period. The COVID-19 pandemic is having a negative influence on people all around the world, and because of the abrupt lockdown, it has also ultimately disrupted production at manufacturing facilities. Citing a number of secondary sources, the decreased installation of sterilization equipment and labor shortages caused roughly 45% of HVAC companies in the United States to lose their seasonal sales. A number of sectors suffered during the coronavirus pandemic and had significant declines until the latter part of 2020. The energy recovery ventilator market is somewhat unaffected by this, given that ventilation is required in many different areas. As a result, the market saw only minor effects from the pandemic and is expected to quickly rebound during the forecast period. Government has put restrictions on social gatherings, events and moving out from home which make the people homesick. Numerous companies are encountering hurdles due to covid pandemic as the outbreak situation has curtailed production and supply chain which has hindered the market switched to treating covid patients as priority over the other procedures which led the sterilization equipment market growth.

Growing hospital-acquired infection rate to drive up need for sterilization supplies will promote sterilization equipment sterilization equipment market growth during projected period. Using non-sterilized medical equipment, including catheters, can result in hospital acquired infections. Concerns regarding patient safety have been raised by these high death rates. Guidelines to control the prevalence of these infections have been announced by a number of government regulatory authorities worldwide. Increasing biological product development to support market expansion during the projected term. Therapeutic substances known as biologics are made of proteins or nucleic acids derived from natural sources, including people, animals, and microorganisms. Due to their effectiveness, biological therapies are in higher demand as chronic diseases become more common. Many pharmaceutical companies are planning their approaches for the development of biological medications as well as the approval of novel drugs.

Using cutting-edge technology to promote market expansion during projected period. Examples of sophisticated low-temperature sterilizing techniques are ozone and vaporized hydrogen peroxide sterilization. These techniques work well for sterilizing heat-sensitive items, like endoscopes and robotic devices.

Comprehensive Analysis of Sterilization Equipment Market

The sterilization equipment market and healthcare industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the healthcare benefit management industry. These segmentations are methodically segregated by Product Type and by end users. The Product Type segmentations include Thermal Sterilizers {Dry-heat Sterilizers and Moist-heat Sterilizers}, Chemical/Gas Sterilizers {Hydrogen Peroxide Sterilizers, Nitrogen Dioxide Sterilizers, Ethylene Oxide Sterilizers, and Others}, and Others. However, the end users segmentations as Pharmaceutical & Medical Device Manufacturers, Hospital & Specialty Clinic, and others.

The North America region lead the sterilization equipment market by benefitting a market size of USD 4.54 billion in 2023 due to robust healthcare infrastructure and growing hospital presence, increased healthcare costs, and growing awareness of these infections.

The top players in the market play a crucial role in the healthcare industry assuring industrial prospectus growth and setting market standards. These players include, STERIS (U.S.), Getinge AB (Sweden), ASP (U.S.), 3M (U.S.), Cardinal Health (U.S.), MMM Group (Germany), MATACHANA (Spain), Andersen Sterilizers (U.S.), Noxilizer Inc. (U.S.), Continental Equipment Company (U.S.), these market players provide a level-playing competitive landscape.

In August 2023, In the Ethylene Oxide (EO) Sterility Change Master File Pilot Program, the first master file was granted by FDA 510(k) to Andersen Sterilizers and its sister firm, Andersen Scientific, a contract sterilization specialist.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 9.7% from 2023-2030

Unit Value (USD Billion)

Segmentation By Product Type

Thermal Sterilizers

Dry-heat Sterilizers

Moist-heat Sterilizers

Chemical/Gas Sterilizers

Hydrogen Peroxide Sterilizers

Ethylene Oxide Sterilizers

Nitrogen Dioxide Sterilizers

Others

Others

By End-user

Hospital & Specialty Clinic

Pharmaceutical & Medical Device Manufacturers

Others

By Region

North America (By Product Type, End-user, and Country)

• U.S.
• Canada

Europe (By Product Type, End-user, and Country/Sub-region)

• U.K.
• Germany
• France
• Spain
• Italy
• Scandinavia
• Rest of Europe

Asia Pacific (By Product Type, End-user, and Country/Sub-region)

• Japan
• China
• Australia
• India
• South East Asia
• Rest of Asia Pacifc


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