July 18, 2024

Sterilization Equipment Market Size to Worth USD 33.80 Bn by 2033

The global sterilization equipment market size is expected to increase USD 33.80 billion by 2033 from USD 15.73 billion in 2023 with a CAGR of  7.95% between 2024 and 2033.

Key Points

  • The North America sterilization equipment market size accounted for USD 5.66 billion in 2023 and is expected to attain around USD 12.17 billion by 2033.
  • North America dominated the market with the largest market share of 36% in 2023.
  • Asia Pacific is estimated to be the fastest growing during the forecast period of 2024-2033.
  • By product type, the sterilization instruments segment dominated the market in 2023.The segment is observed to sustain the position during the forecast period.
  • By technology type, the heat/high-temperature sterilization segment dominated the market in 2023.
  • By end-user type, the hospitals and clinics segment dominated the market in 2023.

Sterilization Equipment Market Size 2024 to 2033

The sterilization equipment market encompasses devices and technologies used to eliminate or deactivate microorganisms and pathogens on medical instruments, pharmaceutical products, and other healthcare-related items. Sterilization is a critical process in healthcare settings to prevent infections and ensure patient safety. The market for sterilization equipment has experienced steady growth due to increasing awareness of infection control, rising healthcare expenditure, and technological advancements in sterilization methods.

Get a Sample: https://www.precedenceresearch.com/sample/4250

Growth Factors

Several factors contribute to the growth of the sterilization equipment market. The growing prevalence of healthcare-associated infections (HAIs) has underscored the importance of effective sterilization practices, driving the demand for advanced sterilization technologies. Additionally, the expansion of healthcare infrastructure in emerging markets and the rise in surgical procedures worldwide have increased the need for reliable and efficient sterilization solutions. Technological innovations such as low-temperature sterilization methods and automation have also expanded the market by improving efficacy and reducing turnaround times.

Region Insights

The adoption of sterilization equipment varies by region due to differences in healthcare infrastructure, regulatory environments, and disease burden. Developed regions like North America and Europe dominate the market, driven by stringent sterilization standards and a high volume of healthcare procedures. In contrast, Asia Pacific is witnessing rapid growth due to increasing investments in healthcare infrastructure, rising awareness of infection control, and expanding medical tourism. Latin America and the Middle East are also emerging as promising markets with growing healthcare expenditure and increasing emphasis on patient safety.

Sterilization Equipment Market Scope

Report CoverageDetails
Growth Rate from 2024 to 2033CAGR of 7.95%
Sterilization Equipment Market Size in 2023USD 15.73 Billion
Sterilization Equipment Market Size in 2024USD 16.98 Billion
Sterilization Equipment Market Size by 2033USD 33.80 Billion
Largest MarketNorth America
Base Year2023
Forecast Period2024 to 2033
Segments CoveredBy Product Type, By Technology Type, and By End-user Type
Regions CoveredNorth America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

 

Sterilization Equipment Market Dynamics

Drivers

Several drivers are fueling the growth of the sterilization equipment market. Stringent regulatory requirements mandating the use of sterile medical devices and equipment in healthcare facilities ensure a constant demand for sterilization technologies. The increasing focus on patient safety and infection prevention by healthcare providers and governments further propels market growth. Technological advancements, such as the adoption of hydrogen peroxide vapor sterilization and plasma sterilization, offer enhanced efficacy and compatibility with sensitive medical instruments, fostering market expansion.

Opportunities

The sterilization equipment market presents numerous opportunities for innovation and market expansion. The rising demand for portable and compact sterilization devices to meet the needs of ambulatory and point-of-care settings offers a niche market for manufacturers. Furthermore, increasing investments in research and development to enhance sterilization methods, reduce cycle times, and improve energy efficiency create opportunities for market players to differentiate their offerings and capture a larger market share. Expansion into emerging markets with growing healthcare infrastructure presents another avenue for growth and diversification.

Challenges

Despite its growth prospects, the sterilization equipment market faces challenges that could impact market penetration and adoption rates. High capital costs associated with purchasing and maintaining sterilization equipment pose a barrier, particularly for healthcare facilities in developing regions with limited budgets. Concerns regarding the environmental impact of certain sterilization methods, such as ethylene oxide, have led to regulatory scrutiny and the development of more sustainable alternatives. Additionally, the complexity of sterilization validation and compliance requirements adds operational challenges for healthcare providers and manufacturers alike.

Read Also: Polyisobutylene Market Size to Worth USD 3.13 Bn by 2033

Sterilization Equipment Market Recent Developments

  • In May 2023, AquiSense launched a new product, an ultraviolet (UV) disinfection system. It helps reduce pathogens by 4 gallons per minute.
  • In July 2023, the Food and Drug Administration recognized a new medical device sterilization standard. It includes the use of low-temperature vaporized hydrogen peroxide for the sterilization of medical devices, sterilization of healthcare products, and requirements for the routine, validation, and development control for the sterilization of medical devices.
  • In October 2023, a ready-for-sterilization (RFS) Combiseals was launched by a high-quality system critical elastomer component, Datwyler, to reduce the load for drug manufacturers to prepare packaging components for sterilization.
  • In April 2024, a new aseptic spouted pouch-filling system, the SIG Prime 55 In-line Pouch sterilization, was launched by SIG. It improves the cost of sterilized packaged products and removes the need for third-party pre-sterilization of spouted pouches and supply chain complexity.

Sterilization Equipment Market Companies

  • Absolute Medical
  • Advanced Sterilization Products
  • Anderson Products
  • Cantel Medical
  • Cardinal Health
  • Celitron
  • Boekel Scientific
  • Belimed
  • E-BEAM Services Inc.
  • Fedegari
  • Fortive
  • Getinge
  • LTE Scientific
  • 3M
  • STERIS PLC
  • Sterigenics U.S. LLC
  • Sotera Health
  • Stryker

Segments Covered in the Report

By Product Type

  • Sterilization Instruments
  • Sterilization Accessories
  • Sterilization Consumables
  • Sterilization Services

By Technology Type

  • Heat/High Temperature Sterilization
  • Low Temperature Sterilization
  • Ionizing Radiation Sterilization
  • Filtration Sterilization

By End-user Type

  • Hospital & Clinics
  • Pharmaceutical Companies
  • Medical Device Companies
  • Food & Beverages Companies
  • Other End Users

By Geography

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East & Africa

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Email: sales@precedenceresearch.com

Web: https://www.precedenceresearch.com

Blog: https://www.expresswebwire.com/

Blog: https://www.uswebwire.com/

Blog: https://www.dailytechbulletin.com/

Blog: https://www.autoindustrybulletin.com/