Sterilization Equipment Market Report: Trends, Forecast and Competitive Analysis to 2030

Sterilization Equipment Market Report: Trends, Forecast and Competitive Analysis to 2030

Sterilization Equipment Trends and Forecast

The future of the global sterilization equipment market looks promising with opportunities in the pharmaceutical, hospital & clinic, medical device, and food & beverage markets. The global sterilization equipment market is expected to reach an estimated $13.18 billion by 2030 with a CAGR of 7.2% from 2024 to 2030. The major drivers for this market are growing incidence of hospital-acquired infections, increasing number of surgical procedures, and rising focus on food sterilization and disinfection.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Sterilization Equipment by Segment

The study includes a forecast for the global sterilization equipment by product & service, end use, and region.

Sterilization Equipment Market by Product & Service [Shipment Analysis by Value from 2018 to 2030]:

• Sterilization Instruments
• Sterilization Services
• Sterilization Consumables & Accessories

Sterilization Equipment Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Pharmaceutical Companies
• Hospitals & Clinics
• Medical Device Companies
• Food & Beverage Companies
• Other

Sterilization Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Sterilization Equipment Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies sterilization equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the sterilization equipment companies profiled in this report include-

• STERIS
• Getinge
• Sotera Health
• Fortive
• 3M

Sterilization Equipment Market Insights

Lucintel forecasts that sterilization instrument will remain the largest segemnt over the forecast period due to rising number of surgeries performed.

Within this market, hospital & clinic will remain the largest segment due to rising number of hospitals in the developing nations.

North America will remain the largest region over the forecast period due to advanced healthcare infrastructures and stringent regulatory policies.

Features of the Global Sterilization Equipment Market

Market Size Estimates: Sterilization equipment market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Sterilization equipment market size by product & service, end use, and region in terms of value ($B).

Regional Analysis: Sterilization equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product & services, end uses, and regions for the sterilization equipment market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the sterilization equipment market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the sterilization equipment market size?

Answer: The global sterilization equipment market is expected to reach an estimated $13.18 billion by 2030.

Q2. What is the growth forecast for sterilization equipment market?

Answer: The global sterilization equipment market is expected to grow with a CAGR of 7.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the sterilization equipment market?

Answer: The major drivers for this market are growing incidence of hospital-acquired infections, increasing number of surgical procedures, and rising focus on food sterilization and disinfection.

Q4. What are the major segments for sterilization equipment market?

Answer: The future of the global sterilization equipment market looks promising with opportunities in the pharmaceutical, hospital & clinic, medical device, and food & beverage markets.

Q5. Who are the key sterilization equipment market companies?

Answer: Some of the key sterilization equipment companies are as follows:

• STERIS
• Getinge
• Sotera Health
• Fortive
• 3M

Q6. Which sterilization equipment market segment will be the largest in future?

Answer: Lucintel forecasts that sterilization instrument will remain the largest segemnt over the forecast period due to rising number of surgeries performed.

Q7. In sterilization equipment market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to advanced healthcare infrastructures and stringent regulatory policies.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the sterilization equipment market by product & service (sterilization instruments, sterilization services, and sterilization consumables & accessories), end use (pharmaceutical companies, hospitals & clinics, medical device companies, food & beverage companies, and other), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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