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Global Sterilization Equipment Market Size and Share Analysis 2023-2028
The Global Sterilization Equipment Market is projected to experience substantial growth, with its size expected to increase from USD 8,334 million in 2023 to USD 11,893 million by 2028, at a CAGR of 7.37% during the forecast period (2023-2028).
Sterilization equipment plays a crucial role in eliminating and disinfecting various life forms, including bacteria, fungi, viruses, and other biological agents. Specifically, it is an essential step in reprocessing reusable medical instruments and surgical tools that may have been contaminated by the patient’s biological fluids, aiming to prevent potential cross-infection between patients by effectively eradicating microorganisms. Consequently, proper cleaning of instruments to remove physical contamination is of utmost importance.
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USD 7.8 billion in 2021
Equipment, End-User, and Geography
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The advent of the COVID-19 pandemic has significantly impacted healthcare priorities and management. Lockdown measures and trade restrictions in many countries during the pandemic’s initial days resulted in a decline in healthcare services, such as treatments, diagnoses, and surgical procedures in the first half of 2020. Preventing hospital-acquired infections became critical in managing COVID-19, as such infections were observed during outbreaks. Studies showed that a considerable percentage of patients with COVID-19 in hospitals became infected after admission. As a result, the demand for sterilizers increased significantly to enhance healthcare facilities’ ability to manage hospital-acquired infections. Government associations also took steps to mitigate the COVID-19 impact by facilitating the supply of sterilizers and disinfectant devices to reduce the risk of viral exposure for patients and healthcare providers.
The growing global population has led to an increase in the prevalence of infectious diseases, necessitating various medical interventions and surgeries. These surgeries require sterilized instruments to prevent cross-transmission of diseases. Consequently, the market is expected to witness substantial growth in the coming years. The expansion of pharmaceutical companies has also contributed to the market’s development.
However, certain challenges restrain the market’s growth, such as stringent regulatory standards for device approval and production and potential drawbacks associated with chemical agents used as sterilants in some equipment, which may cause harm to the eyes and skin.
The market is segmented based on various factors, including Equipment, End-User, and Geography.
Segmentation by Equipment
High-temperature Sterilization – Wet/Steam Sterilization, Dry Sterilization
Low-temperature Sterilization – Ethylene Oxide (ETO), Hydrogen Peroxide, Ozone, Other Low-temperature Sterilization Equipment
Ionizing Radiation Sterilization – E-beam Radiation Sterilization, Gamma Sterilization, Other Ionizing Radiation Sterilization Equipment
Segmentation by End-User
Hospitals and Clinics
Pharmaceutical and Biotechnology Companies
Education and Research Institutes
Food and Beverage Industries
Other End Users
Segmentation by Geography
North America – United States, Canada, Mexico
Europe – United Kingdom, Germany, France, Italy, Spain, and Rest of Europe
Asia-Pacific – China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific
Latin America – Brazil, Argentina, and Rest of Latin America
Middle East and Africa – GCC, South Africa, and Rest of Middle East and Africa
High-temperature equipment stands as the most widely used and dependable sterilization equipment in the market. Its attributes include being non-toxic to patients, staff, and the environment, as well as possessing high microbicidal properties. Additionally, its capability to deeply penetrate medical devices and its cost-effectiveness compared to other sterilization methods contribute to its dominant position. Within the high-temperature sterilization category, two sub-segments exist: steam sterilization and dry sterilization.
The growth of high-temperature sterilization can be attributed to the increasing number of surgical procedures, particularly those involving surgical devices. Statistics from reputable sources, such as the American Joint Replacement Registry and the American Society for Metabolic and Bariatric Surgery, indicate a rise in surgical procedures, which has a positive impact on the overall market.
Furthermore, the launch of new products in this segment, such as Esco’s Esco CelCulture CO2 Incubator with High Heat Sterilization (CCL-HHS), contributes to market growth by offering effective means to combat contamination in workspaces.
North America has experienced favorable growth in the sterilization equipment market and is expected to witness significant expansion during the forecast period. Factors driving this growth include the increasing risk of cross-contamination and hospital-acquired infections, a rising number of surgeries, the presence of major market players, and ongoing developments in research and development procedures. The United States is poised to dominate the North American market, with the need for proper hygiene maintenance and sterilization emphasized by the prevalence of hospital-acquired infections.
The region’s aging population, which is prone to surgeries and infections due to weakened immune systems, contributes to the demand for sterilization equipment. Technological advancements in the field, exemplified by Midmark Corporation’s new Sterilizer Data Logger and updated Midmark M3 Steam Sterilizer, also play a role in driving market growth.
The production of sterilization equipment is predominantly carried out by multinational corporations. These market leaders, equipped with substantial financial resources for research and development, as well as efficient distribution systems, have firmly established their positions in the market. Prominent players in the market include Getinge AB, Fortive Corporation, Anderson Products, Cantel Medical, and Steris PLC.
Key companies profiled in this report include Fortive (Advanced Sterilization Products), Andersen Sterilizers Inc., Metall Zug Group (Belimed), Sotera Health, Getinge AB, Matachana Group, MMM Group, Steris Plc, Systec GmbH & Co. KG, Stryker Corporation.
Recent Industry Developments
In August 2021, Aurabeat, a Hong Kong-based company, introduced a class 2 medical device approved by the United States Food and Drug Administration (US FDA) for SARS-COV-2 disinfection in India.
In February 2021, Xech launched a stethoscope sterilizer called Xech Sterostet in India. This innovative device utilizes special UV-C GI technology to effectively sterilize stethoscopes and diaphragms of all sizes.
Key Questions Answered
What is the study period for the Global Sterilization Equipment Market?
The study of the Global Sterilization Equipment Market spans from 2018 to 2028.
What is the growth rate of the Global Sterilization Equipment Market?
The Global Sterilization Equipment Market is projected to grow at a Compound Annual Growth Rate (CAGR) of 7.37% over the next 5 years.
What is the size of the Global Sterilization Equipment Market?
The Global Sterilization Equipment Market is expected to reach USD 8,334 million in 2023 and is projected to grow at a CAGR of 7.37% to reach USD 11,893 million by 2028.
Which region exhibits the highest growth rate in the Global Sterilization Equipment Market?
The Asia Pacific region demonstrates the highest CAGR over the period from 2018 to 2028 in the Global Sterilization Equipment Market.
Which region holds the largest share in the Global Sterilization Equipment Market?
North America holds the highest market share in 2021 within the Global Sterilization Equipment Market.
Who are the key players in the Global Sterilization Equipment Market?
The major companies operating in the Global Sterilization Equipment Market include Getinge AB, Fortive Corporation (Advanced Sterilization Products), Anderson Products, Cantel Medical, and STERIS PLC.