• According to Transparency Market Research’s latest report on the global sterilization equipment and disinfectant market for the historical period 2017–2018 and forecast period 2019–2027, high incidence & prevalence of infectious diseases and demand for safety of healthcare providers are projected to escalate the growth of global sterilization equipment and disinfectant market.
  • According to the report, the global sterilization equipment and disinfectant market was valued at US$ 5.3 Bn in 2018 and is anticipated to expand at a CAGR of 7.6% from 2019 to 2027
fa global sterilization equipment disinfectant market

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Rise in Number of Surgeries and Increase in Prevalence of Chronic Diseases: Key Drivers of Global Sterilization Equipment and Disinfectant Market

  • Changing lifestyle has propelled the incidence rate of various lifestyle diseases such as cancer, tuberculosis, and renal failure. Increase in number of patients suffering from the diseases mentioned above has propelled the uptake of medical instruments (surgical, non-surgical and diagnosis tools) considerably. This has augmented the demand for sterilization equipment by hospitals, diagnostic centers, medical institutes, and research laboratories.
  • According to World Health Organization (WHO), around 9.4 million people die globally, every year, due to cardiovascular diseases (CVD). Around 23.3 million people are expected to die due to the same by 2030.
  • As per the World Health Organization, tuberculosis is one of the leading cause of death across the worldwide and estimated 1.5 million people were die from tuberculosis in 2018. Thus, rise in the number of people suffering from tuberculosis fuels the demand for catheters, needles and other devices, which in turn accentuates the demand for sterilization. This, in turn is driving the growth of sterilization equipment and disinfectant market.
  • Furthermore, rise in prevalence of cancer among population is likely to fuel the growth of sterilization equipment and disinfectant market. For instance, according to World Health Organization states that, in 2018, estimated 9.6 million deaths and 18.1 million new cases of cancer were recorded globally.
  • Moreover, increase in the geriatric population is one of the key drivers of the market as geriatric population is more prone for various chronic & contagious diseases. Thus, surge in old age population across the globe is anticipated to drive the growth of global sterilization equipment and disinfectant market. For instance, according to the United Nations, by 2050, older persons are expected to account for more than 25% of the population in Europe and Northern America, 20% in Oceania, 17% in Asia, Latin America & the Caribbean, and 6% in Africa
  • 85 years and older, is the fastest growing population group in United States. According to Cancer Facts & Figures 2019, estimated number of older adults age 85 years and above was 6.4 million in 2016 and it is expected to reach 19.0 million by 2060. In 2019, 1,944,280 adults ages 85 and older were alive with a history of cancer
  • Inclination towards minimally invasive procedures leading to require extensive utilization of medical instruments and their sterilization. This is likely augmenting the growth of sterilization equipment and disinfectant market.

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Rise in Number of Hospital Acquired Infections Propel Global Sterilization Equipment and Disinfectant Market Growth

  • Hospital acquired infection (HAI) occurs during the hospital stay and it is a significant cause of mortality worldwide. Post-operative sepsis, catheter-associated urinary tract infection, pneumonia, and blood stream infections are the major types of HAIs in adults
  • Hospital acquired infection is most commonly caused due to urinary catheters. For instance, according to Center for Diseases Control and Prevention in 2017, catheter associated UTI is the third-most common type of healthcare associated infection
  • Thus, increasing incidence of various HAIs is projected to propel the utilization of sterilization equipment, globally. This in turn to drive the growth of sterilization equipment and disinfectant market

Inclination towards Disposable Medical Devices and Excise Duty Imposed on Medical Device Manufacturers to Hamper Global Sterilization Equipment and Disinfectant Market

  • Disposable medical devices such as prefilled syringes, gloves, face masks, needles, and catheters does not require the sterilization. Thus, rise in usage of disposable medical devices is likely hamper the growth of sterilization equipment and disinfectant market.
  • Increasing taxes and import duties on medical devices across the globe is likely to impact the sterilization equipment and disinfectants industry. For an instance, a medical device manufacturer is expected to pay additional Medical Device Excise Tax (MDET) of 2.3% on the sale of medical devices, under the Patient Protection and Affordable Care Act (PPACA) of the U.S. Consequently, manufacturers and importers of medical devices are supposed to pay a certain amount on the sale of specific medical devices. It has been estimated by the Joint Committee on Taxation of the U.S. that the excise tax would cost around US$ 29 billion over the period 2013 to 2022. Therefore, implementation of this act is expected to only increase expenses for sterilization equipment manufacturers, as they are likely to end up paying an additional 2.3% excise duty. Thus, imposition of additional tax incurred on manufacturers may hamper the growth of sterilization equipment and disinfectant market during the forecast period.

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Global Sterilization Equipment and Disinfectant Market: Competitive Landscape

  • This report profiles major players in the global sterilization equipment and disinfectant market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
  • The global sterilization equipment and disinfectant market is highly fragmented, with the presence of a number of international as well as regional players
  • Leading players operating in the global sterilization equipment and disinfectant market are
  • Advanced Sterilization Products Services, Inc. (A Johnson & Johnson Company)
    • Getinge AB
    • STERIS plc
    • Belimed
    • 3M Company
    • Cantel Medical Corp.,
    • TSO3 Inc.
    • SAKURA SI Co., Ltd.
    • Matachana Group
    • CISA production srl

Global Sterilization Equipment and Disinfectant Market: Key Developments

Key players in the global sterilization equipment and disinfectant market are engaged in regulatory approvals, technologically advanced products, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the global sterilization equipment and disinfectant market. A few expansion strategies adopted by players operating in the global sterilization equipment and disinfectant market are:

  • In March 2020, Advanced Sterilization Products announced that, it has qualified a new reprocessing protocol that can extend the lifespan of single-use N95 masks (respirators) utilizing STERRAD Systems already available in most US hospitals and globally
  • In May 2018, TSO3 Inc. announced that it had received clearance from the U.S. regulators for its most recent 510(k) submission for the terminal sterilization of multi-channeled flexible endoscopes using its STERIZONE VP4 sterilizer
  • In April 30, 2018, 3M announced FDA clearance of new biological indicator system, providing 24-minute results for steam sterilization, which presently provides BI test results in just 24 minutes. The new 24-minute system is attainable through a software upgrade to existing 3M Attest Auto-reader 490 and 490H units

The report on the global sterilization equipment and disinfectant market discussed individual strategies, followed by company profiles of manufacturers of sterilization equipment and disinfectant. The competitive landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global sterilization equipment and disinfectant market.

TMR’s report on the global sterilization equipment and disinfectant market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2019 to 2027. The report provides revenue of the global sterilization equipment and disinfectant market for the period 2017–2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global sterilization equipment and disinfectant market during the forecast period.

The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global sterilization equipment and disinfectant market.

Secondary research also included Internet sources, statistical data from government agencies, websites, company presentations, sales data, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomenon in the global sterilization equipment and disinfectant market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global sterilization equipment and disinfectant market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global sterilization equipment and disinfectant market.

The report delves into the competitive landscape of the global sterilization equipment and disinfectant market. Key players operating in the global sterilization equipment and disinfectant market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global sterilization equipment and disinfectant market that have been profiled in this report.

Key Questions Answered in Global Sterilization Equipment and Disinfectant Market Report

  • What is the scope of growth for product companies in the global sterilization equipment and disinfectant market?
  • What will be the Y-o-Y growth of the global sterilization equipment and disinfectant market between 2019 and 2027?
  • What is the influence of changing trends in technologies on the global sterilization equipment and disinfectant market?
  • Will North America continue to be the most profitable market for sterilization equipment and disinfectant providers?
  • Which factors are anticipated to hamper the growth of the global sterilization equipment and disinfectant market during the forecast period?
  • Which are the leading companies in the global sterilization equipment and disinfectant market?

Research Methodology

A unique research methodology has been utilized by TMR to conduct comprehensive research on the growth of the global sterilization equipment and disinfectant market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary research sources referred to by analysts during the production of the global sterilization equipment and disinfectant report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of TMR’s study on the sterilization equipment and disinfectant market as primary methods.

These primary research respondents have provided exclusive information during interviews, which serves as a validation from the sterilization equipment and disinfectant market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the global sterilization equipment and disinfectant market with accuracy. The study also uses the top-down approach to assess the revenues for each segment and the bottom-up approach to counter-validate them. This has helped in reaching TMR’s estimates on future prospects of the global sterilization equipment and disinfectant more reliably and accurately.

Regional Segmentation of Sterilization Equipment and Disinfectant Market

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

Global Sterilization Equipment and Disinfectant Market - Segmentation

Method

Heat Sterilization

  • Dry Heat Sterilization
  • Moist Heat Sterilization

Radiation Sterilization

Filtration Sterilization

Low Temperature Sterilization

Disinfectant Type

Oxidizing Agents

  • Ethylene Oxide
  • Formaldehyde Vapour
  • Others

Non-oxidizing Agents

  • Quaternary Ammonium Compounds
  • Phenols
  • Others

End-user

Hospitals and Diagnostic Centers

Medical Devices Companies

Pharmaceutical Companies

Research & Educational Institutes

Region

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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