Sterilization Technologies Market Forecasts to 2028 – Global Analysis By Type (Thermal Sterilization, Filtration Sterilization, Ionization Radiation Sterilization, Chemical & Gas Sterilization), Process, Application, End User, and By Geography

Sterilization Technologies Market Forecasts to 2028 – Global Analysis By Type (Thermal Sterilization, Filtration Sterilization, Ionization Radiation Sterilization, Chemical & Gas Sterilization), Process, Application, End User, and By Geography

According to Stratistics MRC, the Global Sterilization Technologies Market is accounted for $8,383.15 million in 2022 and is expected to reach $13,229.27 million by 2028 growing at a CAGR of 7.9% during the forecast period. Sterilization Technologies are the processes used to decrease the growth of all feasible life forms such as bacteria, viruses, fungi, and spore forms from the surfaces of equipment, food ingredients, biological culture medium etc. Sterilization makes sure nontoxic products for human expenditure and commercial processes. Sterilization services are probable to witness the fastest growth in the sterilization technology market and are categorized into contract sterilization services and sterilization validation services.

The implantable prosthetic devices and osteoporosis products accounted for the largest share of medical devices used in Italian healthcare facilities. In vitro medical devices and devices for the cardiocirculatory system followed, making up for 8.6 percent and 8.2 of the total, respectively. In the fiscal year 2020, the domestic shipment value of the hospital device and equipment market in Japan was forecast to reach around 174.8 billion Japanese yen, a decrease of about five billion yen from the previous fiscal year. Major medical equipment manufacturers in Japan include Nipro Corporation, Toshiba Medical Systems, and Nihon Kohden.

Market Dynamics:

Driver:

Increased rate of infections

The global sterilization technologies market likely to drive growth during the forecast period, due to increased rate of infections, expanded pace of biotechnological and pharmaceutical companies, increased medical procedure, and progression of technology in the sterilization market. Infectious diseases, such as AIDS and innovation of medicines and initiatives taken by governments are also considered as primary drivers of the sterilization technologies market.

Restraint:

High cost

The global sterilization technologies market likely to hamper growth during the forecast period, due to high cost of preservation and substitute part of sterilization equipment hamper customers from buying the equipment. Thermal sterilizers require continuous steam, electricity, and water for operation, which increases the overall utility costs.

Opportunity:

Advancement in technology

The advancement in technology will open the opportunity to increase and decrease the chances of hospital associated Disease. Companies will focus on manufacturing advanced sterilized materials, which will help research institutions, surgical procedures and pharmaceuticals.

Threat:

Stricter rules and regulations

The global sterilization technologies market likely to hamper growth during the forecast period, due to stricter rules and regulations related to dangerous gases are the main factor. Active agents like formaldehyde are combustible, poisonous, carcinogenic and explosive. They contain the possibility to influence your wellbeing and environmental perils. States in numerous nations have severe guideline because of the outflow of greenhouse gases and security issues.

Covid-19 Impact

The COVID-19 outbreak is anticipated to have a positive impact on growth of the global sterilization technologies market. The increase of COVID-19 has amplified the demand for sterilization equipment and services due to the rising cases of HAIs in hospital settings. The increasing healthcare expenses due to covid-19 outbreak and rise in number of temporary hospitals are propelling the growth of the market.

The chemical & gas sterilization segment is expected to be the largest during the forecast period

The chemical & gas sterilization segment is likely to have a lucrative growth, due to their viability in cleaning the reusable medical instruments, surgical instruments, and different materials expected for various microbial-safe environments.

The medical devices segment is expected to have the highest CAGR during the forecast period

The medical devices segment is anticipated to witness the fastest CAGR growth during the forecast period, due to developing rate of hospital-acquired infections (HAIs) and the rising number of surgical procedures driving the growth of the medical devices industry.

Region with highest share:

North America is projected to hold the largest market share during the forecast period. This is primarily due to the presence of large number of hospitals, and pharmaceutical and medical devices industries in these countries and increasing incidence of HAIs. Also, rise in the number of surgeries performed, and surging healthcare expenditure in these countries is also expected to support the growth of the market in these countries.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to grow in awareness about diseases, development in healthcare infrastructure, and extension of production sites of foreign players. Introduction of disposable devices, such as bandages, syringes, sutures, and gowns, limit the market growth. Continuous advancements in the medical device industry and R&D activities by key leading players are expected to offer opportunities for market growth.
Key players in the market

Some of the key players in global Sterilization Technologies market include Johnson & Johnson, Sterigenics International, LLC, Atec Pharmatechnik GmbH, Sterile Technologies Inc., 3M Company, Anderson Products, Inc., Steris Plc, In Vitro Technologies, Matachana Group, Advanced Sterilization Products (ASP), Donaldson Co. Inc, Getinge AB, Beta Star Life Science Equipment Inc, Belimed AG, Ethicon, Inc., Noxilizer, Inc., TSO3 Inc. and CISA Group.

Key Developments:

In January 2022, STERIS announced the addition of X-ray sterilization services at Venlo, The Netherlands facility. As part of long-term commitment to supporting global medical device manufacturing. The expansion to include X-ray processing complements the existing ethylene oxide sterilization services at our Venlo facility.

In October 2020, Belimed announced compatible for crisis strategy decontamination of specific single-use N95 respirators by industry-leading manufacturer 3M. Steam decontamination of N95 respirators will double the availability of 3M flat-fold respirators during a supply crisis in any healthcare center that has a Belimed Steam Sterilizer MST-H or MST-V.

In April 2018, 3M Announces FDA Clearance of New Biological Indicator System Providing 24-Minute Results for Steam Sterilization. Sterilization departments are on the front line of defense in the fight against surgical site infections. To help facilities increase patient safety and provide a higher standard of care.

Types Covered:
• Thermal Sterilization
• Filtration Sterilization
• Ionization Radiation Sterilization
• Chemical & Gas Sterilization
• Devices
• Consumables
• Services

Processes Covered:
• Physical Processes
• Physicochemical
• Chemical Process
• Synergetic Processes

Applications Covered:
• Pharmaceutical sterilization
• Medical devices sterilization

End Users Covered
• Manufacturing
• Agriculture
• Medical Devices
• Cosmetic
• Food & Beverage
• Pharmaceutical & biotechnology companies
• Hospitals & Clinics
• Ambulatory surgical centers
• Academic and research organizations
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements