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The sterilization equipment market size is valued to increase USD 3.24 billion, at a CAGR of 7.08% from 2023 to 2028. Strategic initiatives of market players will drive the sterilization equipment market.
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The sterilization equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The low-temperature sterilizers segment is estimated to witness significant growth during the forecast period.
The market is marked by the continuous evolution of technologies and techniques to ensure the highest sterility assurance levels for various industries, particularly in medical and pharmaceutical sectors. Low-temperature sterilization holds a significant market share due to the increasing demand for sterilizing heat-sensitive medical devices and equipment. According to recent studies, the adoption of low-temperature sterilization methods has grown by 18.3% in the past year, with an expectation of a further 15.6% increase in industry growth. Ethylene oxide (ETO) sterilizers are a crucial segment within low-temperature sterilization, accounting for a substantial market share. These sterilizers are essential for sterilizing heat- and moisture-sensitive medical devices and pharmaceutical products that cannot undergo conventional steam and high-temperature sterilization.
The market for ETO sterilizers is projected to expand by 12.9% in the upcoming years. Moreover, the need for contamination control strategies and sterile processing workflows has led to the development of various sterilization methods, including dry heat sterilization, gas plasma sterilization, radiation sterilization, and steam sterilization. These methods ensure microbial reduction efficacy and maintain sterility assurance levels. Sterilization cycle documentation, aseptic processing techniques, and sterile product packaging are integral components of the sterilization process optimization. Sterilization cycle monitoring and validation methods play a crucial role in maintaining the efficacy of sterilization equipment. Hydrogen peroxide sterilization, autoclave sterilization cycle, and decontamination procedures are essential sterilization validation methods to ensure the sterility of equipment and environments.
The Low-temperature sterilizers segment was valued at USD 2.13 billion in 2018 and showed a gradual increase during the forecast period.
In conclusion, the market is witnessing significant growth due to the continuous development of advanced sterilization technologies and techniques. The market is driven by the need for sterility assurance in various industries, particularly in medical and pharmaceutical sectors. The adoption of low-temperature sterilization methods, such as ethylene oxide sterilization, is on the rise, with a projected growth of 12.9% in the upcoming years.
North America is estimated to contribute 37% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market is a significant business sector undergoing continuous evolution. In 2023, North America held the largest market share, with the US and Canada contributing substantially. This market growth can be attributed to the expanding healthcare sector, the rising number of hospital-acquired infections, and the robust presence of leading companies. From 2005 to 2018, healthcare expenditure in North America increased from 14.10% to 16.41% of the region's GDP.
In 2020, US healthcare expenditure grew by 9%. These trends underscore the market's ongoing dynamism and its importance within the global business landscape.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market encompasses a diverse range of technologies and processes designed to ensure the highest level of microbial reduction in various industries. Key sterilization techniques include steam, ethylene oxide, plasma, hydrogen peroxide, and dry heat. Each method necessitates specific validation requirements: steam sterilization process validation, ethylene oxide sterilization cycle parameters, plasma sterilization efficacy testing protocols, and dry heat sterilization temperature and duration are critical for ensuring sterilization efficacy. Hydrogen peroxide sterilization cycle optimization and autoclave sterilization cycle time reduction are essential for enhancing process efficiency. Biological indicator selection sterilization and chemical indicator interpretation guidelines are crucial for maintaining sterility assurance programs.
Sterilization equipment maintenance schedules, sterilization process monitoring techniques, sterilization load configuration optimization, and contamination control strategies implementation are integral to maintaining optimal sterilization process efficiency. The sterilization market exhibits significant variation across segments. For instance, adoption rates for steam sterilization are notably higher than those for ethylene oxide sterilization due to its cost-effectiveness and widespread use in various industries. Aseptic processing technique validation and sterile product release criteria compliance are essential for ensuring the integrity of sterile components and products. Sterilization process mapping software plays a pivotal role in optimizing sterilization processes and improving overall efficiency. In conclusion, The market is a dynamic and evolving landscape, with a focus on enhancing sterilization efficacy, optimizing processes, and maintaining regulatory compliance.
Market players are continually investing in research and development to address the unique requirements of various industries and applications. By adhering to stringent validation protocols and implementing advanced technologies, sterilization equipment manufacturers are ensuring the production of high-quality, safe, and effective sterilization solutions.
The sterilization equipment market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the sterilization equipment market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Sterilization Equipment Industry
Companies are implementing various strategies, such as strategic alliances, sterilization equipment market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
3M Co. - This company specializes in providing advanced sterilization solutions, encompassing cleaning and disinfection, sterilization, and monitoring technologies. Their offerings include steam sterilization monitoring, VH202 sterilization monitoring, and EO sterilization monitoring, ensuring comprehensive sterilization processes for various industries.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Sterilization Equipment Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
141 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.08% |
Market growth 2024-2028 |
USD 3240.6 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.49 |
Key countries |
US, China, Germany, Canada, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What is the expected growth of the Sterilization Equipment Market between 2024 and 2028?
USD 3.24 billion, at a CAGR of 7.08%
What segmentation does the market report cover?
The report segmented by Product (Low-temperature sterilizers, Heat sterilizers, Sterile membrane filters, and Radiation sterilization devices) and Geography (North America, APAC, Europe, and Rest of World (ROW))
Which regions are analyzed in the report?
North America, APAC, Europe, and Rest of World (ROW)
What are the key growth drivers and market challenges?
Strategic initiatives of market players, Disadvantages and harmful effects of ETO sterilizers
Who are the major players in the Sterilization Equipment Market?
Key Companies 3M Co., ACMAS Technologies Pvt. Ltd., Andersen Sterilizers, C.B.M. S.r.l. Medical Equipment, Cantel Medical, Cardinal Health Inc., Continental Equipment Co., Cosmed Group, De Lama Spa, Fortive Corp., Getinge AB, Merck KGaA, MMM Group, Noxilizer Inc., Sotera Health Co., Steelco SpA, STERIS plc, Stryker Corp., Systec GmbH and Co. KG, Tuttnauer Israel Ltd., and YATHERM SCIENTIFIC
We can help! Our analysts can customize this sterilization equipment market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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