Global Sterilization Equipment Market - Snapshot

Sterilization is an important procedure for infection control in healthcare facilities such as hospitals, clinics, and laboratories. Increase in hospital acquired infections has compelled medical professionals to take stringent regulatory actions to cure these infections with the usage of various sterilization equipment available for complete elimination of microorganisms. This is an important factor that is expected to boost the sterilization equipment market during the forecast period. The global sterilization equipment market was valued at US$ 4,582.50 Mn in 2017 and is anticipated to reach US$ 8,465.53 Mn by 2026, expanding at a CAGR of 6.1% from 2018 to 2026. Rise in the geriatric population and increase in the number of surgeries performed at hospitals and clinics is anticipated to drive the demand for sterilization equipment during the forecast period.

Increase in number of surgeries, rise in prevalence of various diseases such as cancer and tuberculosis, and increase in number of hospital-acquired/associated infections (HAI) are key factors that are projected to propel the global sterilization equipment market. Hospital acquired infections is a significant cause of mortality worldwide. According to the U.S. Department of Health and Human Services, it is been estimated that one in every 20 infections is HAI, in the U.S. alone. Therefore, sterilization equipment witnessed an increase in demand in order to maintain the sterility of these hospitals and various other healthcare organizations. However, shifting trend toward utilization of disposable medical devices and excise duty imposed on medical device manufacturers are major factors restraining the global sterilization equipment market.

sterilization euipment market

The global sterilization equipment market has been segmented based on method, end-user, and region. In terms of method, the global sterilization equipment market has been classified into heat sterilization/high-temperature sterilization, low-temperature sterilization, ionizing radiation sterilization, and filtration sterilization. The heat sterilization/high-temperature sterilization segment has been further sub-segmented into autoclave and hot air oven. The low-temperature sterilization method includes ethylene oxide sterilization, hydrogen peroxide gas plasma, and others. Ionizing radiation sterilization consists of gamma sterilization, electron beam sterilization, and others. In terms of end-user, the global market has been classified into hospitals and diagnostic centers, pharmaceuticals companies, educational institutes, and medical device companies. In terms of region, the global sterilization equipment market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Based on method, the heat sterilization/high-temperature sterilization segment dominates the global sterilization equipment market. The segment dominates the market, as heat sterilization is primarily utilized for sterilization of moisture sensitive and thermo stable products (e.g. oil, fat waxes and paraffin silicones). Heat sterilization equipment are easy to handle and inexpensive in nature; hence, these factors drive the market. The autoclave sub-segment is witnessing rapid expansion, as this device is reliable and requires low capital investment for installation in medical institutes such as hospitals and laboratories. Low-temperature sterilization is a prominent segment, following the heat sterilization segment, of the global sterilization equipment market. The ethylene oxide sub-segment holds a significant share of the low temperature sterilization segment of the market. Penetrating ability of ethylene oxide is higher than other low temperature sterilizers such as hydrogen peroxide and per acetic acid that provides effective sterilization of products. This, in turn, fuels the market. Additionally, ethylene oxide sterilization is effectively employed for sterilization of heat-sensitive devices.

Based on end-user, the hospital and diagnostic centers segment dominates the global sterilization equipment market. Hospitals are witnessing robust expansion, propelled by joint ventures, acquisitions, and provision of one-stop-shop services under one roof for various medical needs. Global demand for medical devices that are utilized in hospitals is rising rapidly due to the increase in number of surgeries performed worldwide. Moreover, rising geriatric population has also contributed toward the demand for sterilized medical devices. Furthermore, hospital-acquired infections are likely to propel the hospitals and diagnostic centers segment of the market in the near future.

In terms of region, North America and Europe accounted for a combined market share of 60% in 2017. High prevalence of infectious diseases such as cholera, influenza, and syphilis in North America fuelled the demand for utilization of sterilization equipment. Likewise, Europe accounted for a prominent share, and followed North America in terms of share, of the total global market, due to the presence of a large geriatric population that is more prone to infections. Asia Pacific is regarded as an emerging market for sterilization equipment owing to the presence of large patient population, poor sanitization, and low awareness about sterilization among the people in the region.

Major players operating in the global sterilization equipment market include 3M, Advanced Sterilization Products Services, Inc., Belimed AG, Cantel Medical Corp., Getinge Group, SAKURA SI CO., LTD., STERIS Corporation, and TSO3, Inc. These players adopt organic and in-organic growth strategies in order to expand product offerings, strengthen geographical reach, increase customer base, and capture market share.

Global Sterilization Equipment Market: Overview

Increase in number of surgeries, rise in prevalence of various diseases such as cancer and tuberculosis, increase in number of hospital-acquired/associated infections (HAI), aging global population, and rise in per capita health care expenditure are major factors that are expected to propel the global sterilization equipment market. The global market has been segmented based on method, end-user, and region.

The global sterilization equipment market report comprises an elaborate executive summary, which includes a snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to the segments based on method, end-user, and region. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the overview section. Additionally, the section comprises competitive matrix and company profiles along with business overview to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis by region and market share analysis by key players, thereby presenting a thorough analysis of the overall competitive scenario in the sterilization equipment market.

Global Sterilization Equipment Market: Key Segments

Based on method, the global sterilization equipment market has been segmented into heat sterilization/high-temperature sterilization, low-temperature sterilization, ionizing radiation sterilization, and filtration sterilization. The heat sterilization/high-temperature sterilization segment has been further sub-segmented into autoclave and hot air oven. The low-temperature sterilization segment has been split into ethylene oxide sterilization, hydrogen peroxide gas plasma, and others. The ionizing radiation sterilization segment has been sub-segmented into gamma sterilization, electron beam sterilization, and others. The market size and forecast for each of these segments have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year.

In terms of end-user, the global sterilization equipment market has been categorized into medical device companies, pharmaceuticals companies, educational institutes, and hospitals & diagnostic centers. The segments have been analyzed based on health care infrastructure, government investment, and economic development in the regions. The market size and forecast for each of these segments have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year.

Global Sterilization Equipment Market: Regional Outlook

Geographically, the global sterilization equipment market has been segmented into five major regions and the key countries in the respective region: North America (the U.S. and Canada), Europe (the U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (India, China, Japan, and Rest of Asia Pacific), Latin America (Mexico, Brazil, and Rest of Latin America) and Middle East & Africa (South Africa, GCC Countries, and Rest of Middle East & Africa). The market size and forecast for each of these regions and the mentioned countries have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year. The research study also covers the competitive scenario in these regions.

Companies Mentioned in the Report

The report also profiles the major players in the market in terms of various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major players operating in the global sterilization equipment market include 3M, Advanced Sterilization Products Services, Inc., Belimed AG, Cantel Medical Corp., Getinge Group, SAKURA SI CO., LTD., STERIS Corporation, and TSO3, Inc. These players are adopting organic and inorganic growth strategies in order to expand product offerings, strengthen geographical reach, increase customer base, and garner market share.

The global sterilization equipment market has been segmented as follows:

Global Sterilization Equipment Market, by Method

  • Heat sterilization/High-temperature Sterilization
    • Autoclaves
    • Hot Air Ovens
  • Low-temperature Sterilization
    • Ethylene Oxide Sterilization
    • Hydrogen Peroxide Gas Plasma
    • Others
  • Ionizing radiation Sterilization
    • Gamma Sterilization
    • Electron Beam Sterilization
    • Others
  • Filtration sterilization

Global Sterilization Equipment Market, by End-user

  • Hospitals and Diagnostic Centers
  • Pharmaceuticals Companies
  • Educational Institutes
  • Medical Device Companies

Global Sterilization Equipment Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • India
    • Japan
    • China
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • South Africa
    • GCC Countries
    • Rest of Middle East & Africa
.