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Global Sterilization Equipment and Disinfectants Market: Demand for Non-disposable Surgical Tools to Open Plethora of Opportunities, finds TMR

Posted on Oct 21, 2016

The competitive rivalry in the global sterilization equipment and disinfectants market is considerably high due to the dominance of a few key companies in the market, states Transparency Market Research (TMR) in a new research report. In order to provide post purchase services, manufacturers of sterilization equipment and disinfectants are entering into long term service agreements with laboratories, medical institutes, and hospitals. The four leading companies, STERIS Corporation, Getinge Group, Advanced Sterilization Products Services Inc., and 3M collectively accounted for a share of 71.8% in the global sterilization equipment and disinfectants market in 2012. 

The global sterilization equipment and disinfectants market is projected to expand at an 8.5% CAGR between 2013 and 2019. The market was worth US$6.62 bn in 2015 and is projected to touch a valuation of US$9.15 bn by the end of 2019. Based on sterilization equipment, the heat sterilization equipment segment led the market with a revenue of US$2.56 bn. It is expected to retain a lead and rise to a valuation of US$3.56 bn by the end of 2019. Heat sterilization equipment is widely used in the sterilization of moisture sensitive materials and thermostat products. Benefits of heat sterilization equipment such as low initial cost and easy handling are likely to aid the adoption of this equipment type over the forthcoming years, 

North America to Emerge Dominant Owing to Rise in Hospital Acquired Infections 

Region-wise, North America emerged dominant among with a share of 40.7% in 2012 and is expected to maintain a dominance until 2019. In 2019, North America is projected to account for a share of 41.6% in the global sterilization equipment and disinfectants market. According to a TMR analyst, “The growing prevalence of various types of diseases such as syphilis, influenza, and cholera and the mounting demand for non-disposable surgical equipment such as forceps, distractors, and endoscopy devices are expected to drive the growth of the sterilization equipment and disinfectant market in the region.” Furthermore, the increasing number of hospital acquired infections in North America is another key factor that is likely to boost the adoption of sterilization equipment and disinfectants in the region. 

Alarming Rise in Number of Cancer and Tuberculosis Cases to Augment Adoption of Sterilization Equipment and Disinfectants 

The changing lifestyle of consumers has given rise to a number of lifestyle diseases such as renal failure, tuberculosis, and cancer. As a result of the rising number of patients suffering from these lifestyle diseases, the uptake of medical instruments such as surgical, non-surgical, and diagnostic tools has also extensively increased. This, in turn, has augmented the demand for sterilization equipment and disinfectants from research laboratories, medical institutes, diagnostic centers, and hospitals. According to a survey by the World Health Organization, approximately 9.4 million people across the world die due to cardiovascular diseases every year and this number is expected to touch 23.3 million by the end of 2030. Owing to this fact, the adoption of medical imaging equipment such as computed scanners and endoscopy devices is likely to increase over the forecast period. Furthermore, the rising number of surgeries, increase in global geriatric population, the mounting number of hospital associated infections, and growth in per capita healthcare expenditure are anticipated to bolster the progress of the market. 

Implementation of Excise Duty and Stringent Regulations to Challenge Growth of Market 

Under the Patient Protection and Affordable Care Act of the U.S., a medical device manufacturer has to pay 2.3% on sales as Medical Device Excise Tax. Additionally, governments of various countries have imposed stringent regulations on the use of some sterilization equipment such as vaporized hydrogen peroxide sterilizers. As a result of these factors, manufacturers of sterilization equipment and disinfectants are facing challenges in the production of such equipment. However, untapped markets in emerging economies such as South Africa, Brazil, China, and India are likely to provide a plethora of opportunities for manufacturers to capitalize on. 

This review is based on a Transparency Market Research report titled, “Sterilization Equipment and Disinfectants Market  - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013-2019.” 

The global Sterilization Equipment and Disinfectants market has been segmented as below: 

Sterilization Equipment and Disinfectants Market, by Type

  • Heat Sterilization Equipment
    • Autoclave
      • By Product
        • Traditional
        • Table Top
      • By Technology
        • Gravity Displacement
        • Pre-Vacuum Displacement
        • Steam Flush Pressure Pulse
      • Hot Air Oven
    • Low Temperature Sterilization Equipment
      • By Technology
        • Ethylene Oxide Sterilization
        • Vaporized Hydrogen Peroxide
        • Hydrogen Peroxide Gas Plasma
      • Filtration Sterilization
      • Radiation Sterilization
        • By Technology
          • Gamma Sterilization
          • E-Beam
          • Others

Disinfectants Market, by Type

  • Low, Intermediate and High level 
  • Oxidizing and Non-Oxidizing

Sterilization equipment and disinfectants Market, by Applications

  • Medical Devices
  • Pharmaceutical
  • Lifesciences

Sterilization equipment and disinfectants Market, by Geography 

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW) 

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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