Healthcare

Sterilization Equipment Market Analysis, Size, Forecast, Growth And Outlook 2024-2033 | STERIS PLC, Getinge AB, 3M Company, Cardinal Health Inc., Fortive Corporation

The Sterilization Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Sterilization Equipment Global Market Report 2024, 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..

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.

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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

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 report table of contents includes: