The sterilization equipment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Sterilization Equipment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The sterilization equipment market size has grown rapidly in recent years. It will grow from $12.18 billion in 2023 to $13.59 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to rising demand for infection control measures, awareness of regulatory requirements, expanding applications in diverse industries, rising demand for single-use medical devices, expanded isolation facilities.
The sterilization equipment market size is expected to see rapid growth in the next few years. It will grow to $22.14 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%. The growth in the forecast period can be attributed to increasing demand for specialized resins, emerging infectious diseases, global medical tourism, telemedicine and remote healthcare, emerging applications in advanced therapies. Major trends in the forecast period include miniaturization, automation and robotics, wireless connectivity, smart sterilization cycles, multi-modal sterilization.
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Scope Of Sterilization Equipment Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Sterilization Equipment Market Overview
Market Drivers –
The rising incidences of hospital-acquired infections significantly contribute to the growth of the sterilization equipment market going forward. HAIs (hospital-acquired infections) is an illness that thrives in a hospital setting, such as those contracted by a patient during a hospital stay, and are a leading cause of morbidity and mortality around the world. These include bloodstream infections from a central line, urinary tract infections from a catheter, and pneumonia from a ventilator. The rising number of hospital-acquired infections requires more sterilization equipment in healthcare facilities. For instance, in August 2021 according to the National and State Healthcare-Associated Infections Progress Report by the Centers for Disease Control and Prevention (CDC), a US-based government agency, in 2021, the count of facilities reporting HAIs through NHSN reverted to its pre-pandemic levels, following a decrease in 2020. In addition, Nationally, among US acute care hospitals, there was an overall, 7% increase in CLABSI, a type of hospital-acquired infection (HAI), between 2020 and 2021. Therefore, the rising incidences of hospital-acquired infections propel the growth of the sterilization equipment market.
Market Trends –
Major companies operating in the sterilization equipment market are launching sterile container systems such as The AESCULAP Aicon Sterile Container System to streamline sterilization processes. The AESCULAP Aicon Sterile Container System is a sterilization container that offers features such as 100% container and basket synchronization and an Enhanced Drying System (EDS). For instance, in March 2022, Aesculap, Inc., a US-based healthcare services provider, launched the AESCULAP Aicon Sterile Container System, designed to streamline sterilization processes and minimize wet sets. The AESCULAP Aicon Container offers enhanced drying and increased sterile aseptic areas. The AESCULAP Aicon Container is designed to help in reducing overall set reprocessing times. Additionally, it provides up to a 200 percent increase in sterile aseptic area.
The sterilization equipment market covered in this report is segmented –
1) By Product: Sterilization Indicators, Detergents, Pouches, Lubricants, Sterilization Accessories
2) By Equipment: High-Temperature Sterilization, Low-Temperature Sterilization, Filtration Sterilization, Lonizing Radiation Sterilization
3) By End User: Pharmaceutical Companies, Hospitals And Clinics, Medical Device Companies, Food And Beverage Companies, Other End Users
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Regional Insights –
North America was the largest region in the sterilization equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sterilization equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the sterilization equipment market include STERIS plc, Getinge AB, 3M Company, Cardinal Health Inc., Fortive Corporation, Stryker Corporation, Cantel Medical Corp., MMM Group, Merck KGaA, Matachana Group, Systec GmbH, Metall Zug Group, Tuttnauer, De Lama S.p.A., Life Science Outsourcing Inc., Midwest Sterilization Corporation, Belimed AG, Sotera Health LLC, Sterigenics U.S. LLC, E-BEAM Services Inc., Advanced Sterilization Products Services Inc., Celitron Medical Technologies Kft., Consolidated Sterilizer Systems, LTE Scientific Ltd., Prince Sterilization Services LLC, Continental Equipment Company LLC, BGS Beta-Gamma-Service GmbH & Co. KG, ACMAS Technologies Pvt. Ltd., Microtrol Sterilisation Services Pvt. Ltd., Sterilization Systems Group Inc.
Table of Contents
- Executive Summary
- Sterilization Equipment Market Report Structure
- Sterilization Equipment Market Trends And Strategies
- Sterilization Equipment Market – Macro Economic Scenario
- Sterilization Equipment Market Size And Growth
…..
- Sterilization Equipment Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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