Sterilization Equipment Market 2023 – Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Market Size & Forecast 2030

Sterilization equipment refers to devices and equipment used to eliminate all forms of microbial life, including bacteria, viruses, fungi, and spores, from surfaces, liquids, and other materials. In order to prevent the spread of infectious diseases and guarantee the safety of products, sterilization is essential in a variety of industries, including healthcare, pharmaceuticals, food and beverage, and laboratory research. The global market is expected to grow significantly in the coming years, driven by factors such as the increasing prevalence of infectious diseases, the growing demand for sterilized medical devices and equipment, and the rising mindfulness about the significance of sterilization in medical care settings. STERIS Corporation, Getinge AB, 3M Company, Belimed AG, MMM Group, and Matachana Group are among the market leaders in the sterilization equipment industry.

The Sterilization equipment market report by xResearch provides marketing research on this industry including market drivers, key players, industry structure and dynamics, business strategies for success, and threats or opportunities.

Market Overview

The global sterilization equipment market was worth USD X,XXX.X million in 2022 and is expected to reach USD X,XXX.X million by 2030. It is predicted to grow at a compound annual growth rate (CAGR) of 7.8% between 2023 and 2030.

The global sterilization equipment market is driven by various factors, including the increasing prevalence of infectious diseases, the growing demand for sterilized medical devices and equipment, and the increasing awareness about the importance of sterilization in healthcare settings. North American region is the largest market for sterilization equipment whereas the Asia Pacific region is expected to grow at a max rate in the coming years.

Growth Drivers

The major growth drivers of the sterilization equipment market include:

·        The growing incidence of infectious diseases is driving the demand for sterilization equipment. The necessity for sterilized medical devices and equipment to stop healthcare-associated infections (HAIs) is predicted to drive the expansion of the sterilization equipment market.

·        The development of the latest and advanced sterilization technologies is driving the expansion of the sterilization equipment market. Manufacturers are investing in research and development activities to develop more efficient and cost-effective sterilization equipment.

·        The stringent regulatory guidelines regarding the sterilization of research and medical devices and equipment are driving the demand for sterilization equipment. In order to guarantee the effectiveness, safety, and reliability of medical devices, equipment, and research results, healthcare providers and research institutes must adhere to regulatory standards and guidelines.

·        The development of the drug business is driving the interest for sanitization hardware. Disinfection is utilized inside the drug business to ensure the security and adequacy of medication and other drug items.

·        The market for sterilization equipment is expanding because emerging economies are investing more in healthcare infrastructure.

Market Segmentation

·        Sterilization Equipment Market By Product Type: Heat sterilization equipment holds the largest market share accounting for a share of XX.X% in 2022. They are widely used in healthcare settings for sterilizing medical devices, equipment, and supplies, as it is effective in killing a wide range of microorganisms, including bacteria, viruses, and fungi. The market was valued at USD X,XXX.X million in 2022 and is expected to grow at a CAGR of XX.X% from 2023 to 2030. Chemical sterilization includes equipment such as ethylene oxide (EO) sterilizers, hydrogen peroxide (H2O2) sterilizers, and ozone sterilizers. The market was valued at USD X,XXX.X million in 2022 and is expected to grow at a CAGR of X.X% from 2023 to 2030. Others segment includes equipment such as filtration sterilization equipment and plasma sterilization equipment whose market was valued at USD X,XXX.X million in 2022 and is expected to grow at a CAGR of XX.X% from 2023 to 2030.

·        Sterilization Equipment Market By Application: Medical application held the largest share of XX.X% in 2022 and is expected to continue to dominate at a CAGR of XX.X% from 2023 to 2030. This is followed by pharmaceutical applications of sterilization equipment which are expected to grow at a CAGR of XX.X% during the forecast period.

·        Sterilization Equipment Market By End User: Hospital and clinics are a major end-user segment for sterilization equipment holding XX.X% market share in 2022. It is expected to grow at a CAGR of XX.X% driven by the growing demand for healthcare services, increasing incidence of hospital-acquired infections, and stringent regulations regarding sterilization in the healthcare sector. Pharmaceutical and biotech companies also hold a significant market share.

Regional Analysis

The North American sterilization equipment market held the largest share of XX.X% in 2022 and is anticipated to expand at a CAGR of XX.X% during the forecast period (2023-2030), owing to the presence of well-established healthcare infrastructure, the high adoption of advanced medical technologies, and the increasing demand for sterilization equipment in various end-user industries. The United States is the largest market for sterilization equipment in North America followed by Canada. The increasing demand for advanced sterilization equipment, the growing incidence of hospital-acquired infections (HAIs), and the rising focus on infection control and prevention are the major growth driving factors.

The sterilization equipment market in the Asia Pacific is driven by the increasing investment in healthcare infrastructure and the rising awareness about the importance of sterilization. The market is anticipated to experience the highest rate of growth during the forecast period (2023-2030) at a CAGR of XX.X%.

The market is highly competitive, and companies are employing a variety of business strategies to gain a larger market share. The top 10 players hold a significant XX.X% market share and are focusing on product innovation, research and development, acquisitions, mergers, and partnerships.

Some key players in the market are STERIS Corporation, Getinge AB, 3M Company, Belimed AG, Matachana Group, and MMM Group, among others.

Company Profiles

The key players operating in the sterilization equipment market include:

·        STERIS Corporation

·        Getinge Group

·        3M Company

·        Belimed AG

·        Advanced Sterilization Products Services Inc.

·        Cantel Medical Corporation

·        Tuttnauer Company Ltd.

·        Anderson Products Inc.

·        Bioquell PLC

·        LTE Scientific Ltd.

·        Other Players

Segments Covered:

Segment 1: Sterilization Equipment Market, By Product Type

- Heat Sterilization Equipment

  - Moist Heat Sterilization (Autoclaves)

  - Dry Heat Sterilization (Hot Air Ovens)

  - Rapid Heat Transfer Sterilizers

  - Other Heat Sterilizers

- Chemical Sterilization Equipment

  - Ethylene Oxide (ETO) Sterilizers

  - Formaldehyde Sterilizers

  - Hydrogen Peroxide (H2O2) Sterilizers

  - Ozone Sterilizers

  - Other Chemical Sterilizers

- Radiation Sterilization Equipment

  - Gamma Radiation Sterilizers

  - Electron Beam Radiation Sterilizers

  - X-ray Radiation Sterilizers

  - UV-Radiation Sterilizers

  - Other Radiation Sterilizers

- Filtration Sterilization Equipment

  - Membrane Filters

  - Depth Filters

  - Cartridge Filters

  - Other Filtration Sterilizers

- Plasma Sterilization Equipment

  - Low-Temperature Plasma Sterilizers

  - Atmospheric Pressure Plasma Sterilizers

  - Other Plasma Sterilizers

- Other Sterilization Equipment (Microwave, Laser, Pulsed Light, and others)

Segment 2: Sterilization Equipment Market, By Size and Capacity

- Small Capacity Sterilization Equipment (up to 100 L)

- Medium Capacity Sterilization Equipment (100-500 L)

- Large Capacity Sterilization Equipment (above 500 L)

Segment 3: Sterilization Equipment Market, By Sterilization Methods

- Heat Sterilization

- Chemical Sterilization

- Radiation Sterilization

- Filtration Sterilization

- Plasma Sterilization

- Other Sterilization (Microwave, Laser, Pulsed Light, and others)

Segment 4: Sterilization Equipment Market, By Application

- Medical Sterilization

  - Surgical Instruments

  - Hospital Supplies

  - Implants and Prosthetics

  - Others

- Laboratory Sterilization

  - Glassware and Plasticware

  - Media and Solutions

  - Others

- Pharmaceutical Sterilization

  - Equipment

  - Packaging Materials

  - Others

- Food and Beverage Sterilization

  - Packaging Materials

  - Processing Equipment

  - Others

- Other Sterilization Application

Segment 5: Sterilization Equipment Market, By End-User

- Hospitals and Clinics

- Pharmaceutical Companies

- Biotech Companies

- Food and Beverage Industry

- Research Laboratories

- Others