Sterilization Equipment Market by Product and Geography - Forecast and Analysis 2022-2026

Sterilization Equipment Market Forecast 2022-2026

The sterilization equipment market size is forecast to increase by USD 3.70 billion between 2021 and 2026, accelerating at a CAGR of 7.93%. The report provides market size, historical data spanning from 2017 to 2021, and future projections, all presented in terms of value in (USD billion).

Strategic initiatives by market players are a primary growth driver in the competitive global sterilization equipment market. Vendors employ various tactics, including mergers and acquisitions (M&A), expansion projects, new product introductions, and capacity enhancements, to effectively navigate market competition. This market also sees innovations in products like blankets and catheters to ensure safer surgical treatments. Amid rising cases of autoimmune diseases, cancer, and diabetes linked to unhealthy lifestyles, sterilization equipment plays a pivotal role in maintaining a hygienic environment and reducing the incidence of chronic diseases, according to a recent CDC report.

What will be the Size of the Sterilization Equipment Market During the Forecast Period?

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The Sterilization Equipment Market is witnessing a surge in demand, driven by growing concerns over nosocomial infections like HAIs and antimicrobial resistance due to excessive use of antibiotics. Healthcare facilities such as clinics, ambulatory surgical centers, and nursing homes are prioritizing preventive measures against infections and diseases, particularly among patients with low immunity, including children. With advancements like hydrogen peroxide gas plasma and low-temperature sterilizers, there's enhanced target specificity in eliminating pathogens while minimizing toxicity risks associated with liquid chemical substances like ethylene oxide (EtO). 

Key Market Driver

One of the key factors driving growth in the sterilization equipment market is the strategic initiatives of market players. The global sterilization equipment market is highly competitive. Vendors in the market adopt strategies such as mergers and acquisitions (M and A), expansion projects, new product launches, and increasing production capacity to tackle the competition in the market. Vendors invest in developing customized solutions to increase their foothold in the market. Moreover, intense competition in the market is expected to compel established vendors to increase their market presence through M and A and strategic alliances.

Healthcare facilities such as hospitals and clinics are selecting vendors based on their product's degree of superiority and properties. With the increasing demand for sterilization equipment from end-users, vendors are opting for M and A and strategic alliances to improve their market reach and customer base. These strategic alliances and partnerships among vendors are helping them enhance their operations and increase their geographical presence. Thus, such activities will drive the growth of the global sterilization equipment market during the forecast period.

Key Market Trend

The growing number of surgical procedures is a sterilization equipment market trend that is expected to have a positive impact in the coming years. HAIs are mainly acquired by patients receiving long-term treatments such as surgical treatments. HAIs are primarily acquired in surgical centers, clinics, hospitals, ambulatory surgical centers, and long-term care facilities, such as rehabilitation centers and nursing homes. HAIs not only pose a threat to the patients' health but also lead to prolonged hospital stays, thereby creating an economic burden on patients and healthcare systems. Surgical site infections (SSI) are common types of infections that are caused by staphylococcus aureus during surgical procedures.

The growing prevalence of chronic conditions such as obesity, diabetes, cardiovascular disease, and cancer has led to an increase in the hospital admission rate. Different types of sterilization equipment are essential requirements in hospitals and clinics, which reduces the risk of infection transmission among patients and leads to improved patient care. The growing number of cancer cases in regions worldwide has resulted in an increased need for surgical procedures to treat cancer. Thus, the growing prevalence of chronic conditions and the need for surgical procedures will lead to an increased incidence rate of SSIs. These factors will have a positive impact on the growth of the global sterilization equipment market.

Key Market Challenge

The disadvantages and harmful effects of ETO sterilizers will be a major challenge for the sterilization equipment market during the forecast period. Even though ETO is considered one of the widely used sterilization techniques, it has various harmful effects on patients and healthcare workers. ETO is considered a known human carcinogen. Furthermore, the disadvantages associated with its use can result in a preference for other alternatives such as hydrogen peroxide sterilizers. These factors can lead to its reduced adoption and negatively impact the growth of the global sterilization equipment market during the forecast period. 

The main disadvantages associated with ETO sterilizers are the lengthy cycle time, its potential hazards to patients and staff, and the high costs associated with the ETO sterilization process. ETO is classified as a carcinogen, which has led to increased concerns regarding the safety of its use on medical devices and surgical instruments. The harmful effects of ETO and rising safety concerns regarding the use of surgical instruments sterilized through ETO sterilization processes are anticipated to hamper the growth of the market.

This sterilization equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Market Segmentation

 

The Sterilization Equipment Market is witnessing remarkable growth, driven by increasing concerns regarding HAIs and antimicrobial resistance, highlighted in the CDC report. With advancements like low-temperature sterilizers and hydrogen peroxide gas plasma, the market offers efficient solutions to combat infections in ambulatory surgical centers, clinics, and long-term care facilities. This is particularly crucial given the rising incidence of chronic diseases such as cancer, diabetes, and autoimmune diseases, exacerbated by factors like alcohol consumption and an unhealthy lifestyle. Sterilization equipment plays a vital role in ensuring surgical treatment safety, with specialized products like blankets and catheters undergoing Ethylene Oxide (EtO) sterilization. However, challenges persist, including the excessive use of antibiotics and the demand for new products to address evolving healthcare needs.

Low-temperature sterilizers are the Leading Segment to Dominate the Market

The market share growth by the low-temperature sterilizers segment will be significant during the forecast period. Low-temperature sterilizers hold the largest share in the global market. There is a growing need for heat-sensitive medical devices and equipment, which is propelling the demand for low-temperature sterilizers. Additionally, the use of expensive, moisture-sensitive, and delicate medical devices that are difficult to sterilize, such as endoscopes, is driving the growth of the market segment.

Market  - Revenue Share by Product Segment, 2022 - 2026.   

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North America Holds a Prominent Position in the Market

36% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets in North America. Market growth in this region will be faster than the growth of the market in the European and ROW regions. The growing healthcare sector in the region, the growing number of hospital-acquired infections (HAIs), and the strong market presence of the leading vendors will facilitate the market research and growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

Market Size, By Region, Global, 2022 - 2026.   To understand geographic market growth and trends Download Report Sample

Sterilization Equipment Market Companies Overview

The Market is fragmented in nature. Some significant players include 3M Corp and  ACMAS Technologies Pvt. Ltd.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

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, Tuttnauer, and YATHERM SCIENTIFIC

Market Analyst Overview

The Market is witnessing steady growth due to the increasing demand for preventive measures against Hospital-acquired Infections (HAIs) and the prevalence of chronic diseases. Patients receiving long-term treatment, surgical procedures, and those in ambulatory surgical centers, nursing homes, and rehabilitation centers are particularly at risk.The market is pivotal in healthcare, combating HAIs and ensuring patient safety amidst rising concerns over infectious diseases and the impact of factors like smoking and an unhealthy lifestyle. From food sterilization to surgical equipment, sterilization technologies and disinfection procedures play a crucial role in preventing SSIs and maintaining sterile environments in hospitals, clinics, and temporary facilities like temporary hospitals. Skilled professionals, including sterile processing staff, utilize advanced sterilization instruments and services to mitigate microbial growth and uphold stringent standards. Pipeline and pricing analyses drive innovation and affordability, while quantitative units and volumes ensure efficient sterilization processes. Ultimately, the market's focus on sterilization goods and services is integral to improving patient epidemiology and enhancing healthcare outcomes globally.

The market is driven by the need for proper hygiene in healthcare settings and the excessive use of antibiotics. Ethylene Oxide (EtO) type and low-temperature sterilizers like hydrogen peroxide gas plasma are commonly used for sterilizing surgical instruments, catheters, blankets, and sterile fluids. With a focus on patient safety, new products with target specificity and low toxicity are being developed. Clinics, hospitals, and long-term care facilities are the key end-users, especially for patients with low immunity, such as the geriatric population and children. The market growth is also supported by the rising adoption of sanitation practices and the need to combat antimicrobial resistance.

Market Scope
Report Coverage	Details
Page number	130
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 7.93%
Market growth 2022-2026	USD 3.70 billion
Market structure	Fragmented
YoY growth 2021-2022(%)	7.24
Regional analysis	North America, APAC, Europe, and Rest of World (ROW)
Performing market contribution	North America at 36%
Key countries	US, Canada, China, Japan, and Germany
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	3M Corp., 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, Tuttnauer, and YATHERM SCIENTIFIC
Market dynamics	Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis, market analysis and report for the forecast period.
Customization purview	If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2022 and 2026
• Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behaviour
• Growth of the market industry across North America, APAC, Europe, and Rest of World (ROW)
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the market growth analysis of market companies

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