Global Medical Device Sterilization Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Medical Device Sterilization Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Medical devices are sterilized in a variety of ways, including the use of damp heat (steam), dry heat, radiation, ethylene oxide gas, vaporized hydrogen peroxide and other sterilization methods (e.g., chlorine dioxide gas, vaporized peracetic acid and nitrogen dioxide). Medical Device Sterilization product and service include sterilization instruments, sterilization services, sterilization consumables and accessories. Medical Device Sterilization is widely used in Hospitals & Clinics, Medical Device Companies, Pharmaceutical Companies, etc.

Market Overview:

The latest research study on the global Medical Device Sterilization market finds that the global Medical Device Sterilization market reached a value of USD 11621.53 million in 2022. It’s expected that the market will achieve USD 18096.29 million by 2028, exhibiting a CAGR of 7.66% during the forecast period.

During the pandemic, the proportion of disinfection or sterilization of medical instruments is higher than the normal level, because improper disinfection of surgical instruments, endoscopic equipment, respiratory care equipment and reusable hemodialysis machines will increase the incidence of Covid-19's disease. This increases the demand for sterilization consumables to ensure the correct sterilization of medical equipment.

The impact of the interruption of pharmaceutical production and the demand for raw materials caused by the blockade, travel and transportation bans of various countries will be short-term. However, the supply interruption caused by the long-term blockade of various countries may have a greater impact on pharmaceutical and medical equipment manufacturing, and then significantly affect the demand of these end users for Medical Device Sterilization. Manufacturers may start to diversify their raw material procurement, or invest in diversifying their production to different markets.

Political Factors

Political factors usually have an impact on organizations and their operating methods. Organizations need to be able to respond to current and anticipated future legislation and adjust their marketing strategies accordingly.
These are all about how and to what extent the government intervenes in the economy. This may include government policies, political stability or instability in overseas markets, foreign trade policies, tax policies, labor laws, environmental laws, trade restrictions, and so on.

Economic Factors

Economic factors have a significant impact on how an organization does business and also how profitable they are. Factors include economic growth, interest rates, exchange rates, inflation, disposable income of consumers and businesses, and so on.
These factors can be further broken down into macro-economic and micro-economic factors. Macro-economic factors deal with the management of demand in any given economy. Governments use interest rate control, taxation policy, and government expenditure as the main mechanisms they use for this.

Social Factors

Also known as socio-cultural factors, are the areas that involve the shared belief and attitudes of the population. These factors include population growth, age distribution, health consciousness, career attitudes, and so on. These factors are of particular interest as they have a direct effect on how marketers understand customers and what drives them.

Region Overview:

In 2021, the share of the Medical Device Sterilization market in North America stood at 40.33%.

Company Overview

Steris PLC is one of the major players operating in the Medical Device Sterilization market, holding a share of 7.62% in 2022.

Steris PLC

STERIS is a leading provider of infection prevention and other procedural products and services. STERIS offers Customers a unique mix of innovative capital equipment products, such as sterilizers and washers, surgical tables, lights and equipment management systems and connectivity solutions such as operating room integration; consumable products such as detergents and gastrointestinal endoscopy accessories and other products; services, including equipment installation and maintenance, microbial reduction of medical devices, instrument and scope repair solutions, laboratory services and off-site reprocessing.

Advanced Sterilization Products Services Inc.

ASP is a global leader in infection prevention solutions for healthcare. With advanced products, technologies, and workflows for medical sterilization and disinfection, ASP is dedicated to defending the lives of patients, families, healthcare workers, providers, and communities. ASP is based in Irvine, California, USA with core sites in Everett, Washington, and Schaffhausen, Switzerland plus many more offices around the world.

Segmentation Overview:

By type, Sterilization Instruments segment accounted for the largest share of market in 2021.

Application Overview:

The market's largest segment by application is the segment Hospitals & Clinics, with a market share of 37.44% in 2021.

Key Companies in the global Medical Device Sterilization market covered in Chapter 3:

Andersen Products
Steris PLC
Advanced Sterilization Products Services Inc.
STEELCO S.p.A.
Stryker
MMM Group
Cantel Medical
3M Company
Beta Star Life Science Equipment Inc
MATACHANA GROUP
Belimed
Getinge
MECO
Stilmas s.p.a.
Life Science Outsourcing, Inc
E-BEAM Services, Inc
Sterile Technologies Inc.
Sterigenics

In Chapter 4 and Chapter 14.2, on the basis of types, the Medical Device Sterilization market from 2018 to 2029 is primarily split into:

Sterilization Instruments
Sterilization Services
Sterilization Consumables
Accessories

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Medical Device Sterilization market from 2018 to 2029 covers:

Hospitals & Clinics
Medical Device Companies
Pharmaceutical Companies
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)