Sterilization equipment and disinfectants are products used to remove or kill microorganisms from the surface of medical equipment and supplies.
Sizing and Forecast
The sterilization equipment and disinfectants market size has grown rapidly in recent years. It will grow from $9.13 billion in 2023 to $10.07 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to strong economic growth in emerging markets, growing demand for eco-friendly disinfectants, an increased healthcare expenditure and an increased number of surgical procedures. .
The sterilization equipment and disinfectants market size is expected to see strong growth in the next few years. It will grow to $14.28 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to government support, an increasing prevalence of chronic diseases, rapid growth in the elderly population and a rising incidence of hospital-acquired infections (hais) will drive the market growth. . Major trends in the forecast period include new product launches, focus on disinfection robots, mergers and acquisitions, new facility expansions, technology advancements, partnerships and collaborations and increasing investments..
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Segmentation & Regional Insights
The sterilization equipment and disinfectants market covered in this report is segmented –
1) By Product Type: Sterilization Equipment, Disinfectants
2) By Method: Physical Method, Chemical Method, Mechanical Method
3) By End Use: Hospitals And Clinics, Clinical Laboratories, Pharmaceutical Companies, Other Industries, Non-Industrial Use
Asia-Pacific was the largest region in the sterilization equipment and disinfectants market in 2023. North America was the second largest region in the sterilization equipment and disinfectants market report. The regions covered in the sterilization equipment and disinfectants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Government regulations to combat the COVID-19 situation are expected to boost market growth during the forecast period. The US EPA announced the acceleration of reviewing the submissions by disinfectant manufacturers requesting to add emerging viral pathogens claims to the already existing surface disinfectant labels. EPA also took steps against supply chain challenges by increasing the flexibility of procurement of inert ingredients and even some active ingredients listed in List N – “Disinfectants for Use against SARS-CoV-2”, without checking for the agency’s approval. The manufacturers are also allowed to release the disinfectants by just notifying the changes adopted in formulation and manufacturing facilities without waiting for US EPA approval. EPA has also created platforms to identify and protect consumers from fraudulent Coronavirus Disinfectants Claims. Governments’ steps against COVID-19 will focus on the enhancement of the production, approval, and safety of consumers and mitigate the supply chain challenges, which will increase the revenue of the sterilization equipment and disinfectants market.
Key Industry Players
Major companies operating in the sterilization equipment and disinfectants market report are Steris Plc, Getinge AB, Advanced Sterilization Products, Sotera Health LLC, Belimed AG, 3M company, Fortive Corporation, SHINVA MEDICAL INSTRUMENT CO., LTD., CISA Production Srl, Tuttnauer, Sterility Equipment India Private Limited, Stericox Sterilizer Systems India, Udono Limited, Xi’an Sterilization Equipment Manufacturing Co. Ltd, J&J Medical Pty. Ltd, Matachana, Systec GmbH, Merck KGaA, Sartorius AG, Reckitt Benckiser Group plc, Ecolab Inc, Stryker, Becton Dickinson, Cantel Medical Corporation, Spic and Span, Barbicide, Touch Land, 4e Global, Vim, Microban, Benefect, Kimberly-Clark, Procter & Gamble Co, Zep, Inc., Noxilizer, Inc, E-BEAM Services, Inc, Clorox, S C Johnson, MMM Group, Matachana Group, Dentsply Sirona MENA, A-Dec Inc, Steelco S.p.A, Medivators Inc, MELAG, Cardinal Health, WH Group, Planmeca, SciCan Ltd.
The sterilization equipment and disinfectants market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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