Sterilization Equipment Market Size, Share & Trends Analysis Report by Product Type (Sterilization Consumables and Accessories), by Service Type (Steam Sterilization, Dry Heat Sterilization), by End-use, by Region, And Segment, Forecast Period-2022 – 2028

Report ID - MRC_581 | Pages - 241 | Category - Healthcare and Pharma

Sterilization Equipment Market Insights

Sterilization Equipment Market is projected to be worth USD 22.88 Billion by 2028, registering a CAGR of 10.19% during the forecast period (2022-2028), the market was valued at USD 11.6 Billion in 2021. Sterilization instruments led the product type segment due to the increasing number of surgeries performed and the rising incidence of healthcare-associated infections (HAIs). Ethylene oxide sterilization dominates the service type segment due to the rising applications of ethylene oxide sterilization in catheters and assembled complex devices. North America held the largest market share of the global sterilization equipment market due to the favorable reimbursement policies.

Sterilization is a process of eliminating various biological agents such as bacteria, fungi, viruses, and others from the specific surface, fluid, medication, or biological culture. High pressure, irradiation, filtration, heat, and chemicals are various means used to attain sterilization. Applications of sterilization equipment are in microbiology and laboratories.

Sterilization Equipment Market Dynamics

Driver:

Growing infectious disease, expanding healthcare sector, and rising pharmaceutical and biotechnology industries are major factors driving the growth of the sterilization equipment market.

Restrain:

Huge initial investment and stringent rules and regulations by the government for the approval of sterilization equipment are hampering the sterilization equipment market growth.

Opportunity:

Continuous advancement and growing investment in research and development to produce better preventive and safety options are providing lucrative opportunities for the growth of sterilization equipment market.

COVID-19 Analysis of Sterilization Equipment Market:

The detrimental effects of COVID-19’s global expansion on numerous countries have shocked governments around the world, prompting them to act decisively to stop COVID-19. The first strain of Coronavirus was identified in Wuhan, China in December 2019 which affected the entire world. On a rise in infection across various nations, around 212 countries were infected by the pandemic. Most companies in numerous nations have been severely impacted by the global crisis COVID-19 pandemic. In healthcare, there has been an increase in the demand for sterilization equipment in hospitals and clinics. Thus, the sterilization equipment market observed a positive impact.

Sterilization Equipment Market Report Coverage

Report AttributesReport Details
Study Timeline2016-2028
Market Size in 2028 (USD Billion)22.88
CAGR (2022-2028)10.19%
By Product TypeSterilization Instruments, Sterilization Consumables and Accessories
By Service TypeSteam Sterilization, Dry Heat Sterilization, Ethylene Oxide Sterilization
By End-UseHospitals & Clinic, Pharmaceuticals, Others
By geographyNorth America: U.S., Canada, Mexico

Europe: Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe

Asia Pacific: China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific

Latin America: Brazil, Argentina, Chile, Rest of Latin America

The Middle East and Africa: GCC, Turkey, Israel, Rest of MEA

Sterilization Equipment Market Segmentation:

By Product Type

The segment is bifurcated into sterilization instruments and sterilization consumables and accessories. Sterilization instruments led the product type segment of the sterilization equipment market. An increasing number of surgeries performed, and a rising incidence of healthcare-associated infections (HAIs) are contributing to the market growth. Moreover, stringent regulatory mandates for infection controls and the growth in the medical device and pharmaceutical industries are the major factors driving the sterilization equipment market growth.

sterilization equipment market by product type

By Service Type

The service type segment includes steam sterilization, dry heat sterilization, and ethylene oxide sterilization. Ethylene oxide sterilization is expected to dominate the service type segment of the sterilization equipment market. Rising applications of ethylene oxide sterilization in catheters assembled complex devices, and custom procedure packs are driving the growth of the sterilization equipment market. Furthermore, multi-lumen tubing products, equipment with integrated electronics, wound care dressings, and stents are applications contributing to the growth of the market.

sterilization equipment market by servicetype

By End-Use

The end-user segment is categorized into hospitals & clinics, pharmaceuticals, and others. Hospitals and clinics are leading the end-use segment of the sterilization equipment market. The growth can be attributed to the increasing government initiatives to curb HAIs and the growing number of hospitals globally.

By Region

The region segment is divided into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. North America held the largest market share of global sterilization equipment market in 2021. Favorable reimbursement policies and the rising prevalence of hospital-acquired infections in the region are major factors contributed to the growth of sterilization equipment market. Moreover, stringent rules for providing safe and quality healthcare services in hospitals and services are factors driving the sterilization equipment market in North America.

Sterilization Equipment Market Competitive Landscape:

The sterilization equipment market includes various Key players and is strengthened by the execution of various business strategies such as mergers, acquisitions, partnerships, product launches, expansion of manufacturing facilities, and others.  The key players operating in the sterilization equipment market are as follows.

Key Players

  • 3M
  • Cantel Medical
  • Gettinge AB
  • Steris Plc
  • Sterile Technologies Inc.
  • Belimed
  • Sterigenics US, LLC
  • SAKURA SEIKI Co., Ltd
  • Andersen Products, Inc.
  • Celitron

Recent Development:

  • February 2022, CENTERPIECE is expanding its manufacturing unit to increase its ethylene-oxide sterilization capacity.
  • August 2021, Aurabeat launched anti-COVID Class 2 medical device for SARS-COV-2 disinfection in India.

Table of Content

  1. Introduction
    • Market Introduction
    • Market Research Methodology
      • Research Process
      • Primary Research
      • Secondary Research
      • Data Collection Technique
      • Data Sources
    • Market Estimation Methodology
      • Limitations of the Study
    • Product Picture of Sterilization Equipment
    • Global Sterilization Equipment Market: Classification
    • Geographic Scope
    • Years Considered for the Study
    • Research Methodology in brief:
    • Parent Market Overview
    • Overall Sterilization Equipment Market Regional Demand
    • Research Programs/Design
    • Market Breakdown and Data Triangulation Approach
    • Data Source
    • Secondary Sources
    • Primary Sources
    • Primary Interviews:
    • Average primary breakdown ratio
  2. Executive Summary
    • Business Trends
    • Regional Trends
    • Product Type Trends
    • Service Type Trends
    • End-Use Trends
  3. Market Dynamics
    • Drivers
      • Drivers
    • Restraints
      • Restraints
    • Opportunity
      • Impact forces for market dynamics
      • Impact forces during the forecast years
    • Industry Value Chain
      • Upstream analysis
      • Downstream analysis
      • Distribution Channel
      • Direct Channel
      • Indirect Channel
    • Potential Customers
    • Manufacturing/Operational Cost Analysis
    • Pricing Analysis by Region
    • Key Technology Landscape
    • Regulatory Analysis
    • Porter’s Analysis
      • Supplier Power
      • Buyer Power
      • Substitution Threat
      • Threat from New Entry
      • Competitive Rivalry
    • PESTEL Analysis
    • Political Factors
    • Economic Factor
    • Social Factors
    • Technological Factor
    • Environmental Factors
    • Legal Factor
    • Covid-19 impact on Global economy
    • Covid-19 impact on Sterilization Equipment demand
    • Post Covid Impact on Sterilization Equipment Market Demand
    • Impact Analysis of Russia-Ukraine Conflict
  4. Global Sterilization Equipment Market Analysis Forecast by Product Type
    • Global Sterilization Equipment Segment by Product Type
      • Global Revenue Share (%), by Product Type, 2021
      • Global Revenue (USD Billion), by Product Type, 2016 – 2028
    • Global Market Revenue (USD Billion), by Product Type, 2016 – 2028
      • Sterilization Instruments
      • Sterilization Consumables and Accessories
  1. Global Market Analysis Forecast by Service Type
    • Global Sterilization Equipment Segment by Service Type
      • Global Revenue Share (%), by Service Type, 2021
      • Global Revenue (USD Billion), by Service Type, 2016 – 2028
    • Global Sterilization Equipment Market Revenue (USD Billion), by Service Type, 2016 – 2028
      • Steam Sterilization
      • Dry Heat Sterilization
      • Ethylene Oxide Sterilization
  1. Global Sterilization Equipment Market Analysis Forecast by End-Use
    • Global Sterilization Equipment Segment by End-Use
      • Revenue Share (%), by End-Use, 2021
      • Revenue (USD Billion), by End-Use, 2016 – 2028
    • Global Sterilization Equipment Market Revenue (USD Billion), by End-Use, 2016 – 2028
      • Hospitals & Clinic
      • Pharmaceuticals
      • Others
  1. Sterilization Equipment by Regions
    • Global Sterilization Equipment Market Overview, By Region
      • Global Market Revenue, By region
    • Global Sterilization Equipment Market Revenue (USD Billion), 2016-2028
      • Global Revenue Share (%) by region, 2021
    • North America
      • North America Market Revenue (USD Billion), 2016-2028
    • Asia Pacific
      • APAC Market Revenue (USD Billion), 2016-2028
    • Europe
      • Europe Market Revenue (USD Billion), 2016-2028
    • Latin America
      • Latin America Market Revenue (USD Billion), 2016-2028
    • Middle East & Africa
      • Middle East & Africa Market Revenue (USD Billion), 2016-2028
  1. North America Sterilization Equipment Market
    • North America Size by Countries
      • North America Revenue (USD Billion) by Countries (2016-2021)
      • North America Revenue (USD Billion), by Product Type, 2016 – 2028
      • North America Revenue (USD Billion), by Service Type, 2016 – 2028
      • North America Revenue (USD Billion), by End-Use, 2016 – 2028
    • United States
      • U.S. Revenue (USD Billion), by Product Type, 2016 – 2028
      • U.S. Revenue (USD Billion), by Service Type, 2016 – 2028
      • U.S. Revenue (USD Billion), by End-Use, 2016 – 2028
    • Canada
    • Mexico
  2. Europe
    • Europe Sterilization Equipment Market Size by Countries
      • Europe Market Size, by Product Type, 2016 – 2028
      • Europe Market Size, by Service Type, 2016 – 2028
      • Europe Market Size, by End-Use, 2016 – 2028
    • Germany
    • France
    • UK
    • Spain
    • Russia
    • Italy
    • BENELUX
  3. Asia Pacific
    • Asia Pacific Sterilization Equipment Market Size by Countries
      • Asia Pacific Market Size, by Product Type, 2016 – 2028
      • Asia Pacific Market Size, by Service Type, 2016 – 2028
      • Asia Pacific Market Size, by End-Use, 2016 – 2028
    • China
    • Japan
    • Australia
    • South Korea
    • India
    • ASEAN
  4. Latin America
    • Latin America Sterilization Equipment Market Size by Countries
      • Latin America Size, by Product Type, 2016 – 2028
      • Latin America Size, by Service Type, 2016 – 2028
      • Latin America Size, by End-Use, 2016 – 2028
    • Brazil
    • Argentina
    • Chile
  5. Middle East and Africa
    • Middle East and Africa Sterilization Equipment Market Size by Countries
      • Middle East and Africa Market Size, by Product Type, 2016 – 2028
      • Middle East and Africa Market Size, by Service Type, 2016 – 2028
      • Middle East and Africa Market Size, by End-Use, 2016 – 2028
    • GCC
    • Turkey
    • South Africa
  6. Global by Players
    • Global Sterilization Equipment Market Revenue Share (%): Competitive Analysis, 2021
      • Key entry strategies adopted by market players
      • Global Revenue (USD Billion), By Manufacturer 2021
      • Global Revenue Share (%), By Manufacturer 2021
      • Global Player Positioning, By Manufacturer 2021
  1. Global Sterilization Equipment Market: Recent Development
  2. Competitive Analysis
    • 3M
      • Business Overview
      • 3M Business Financials (USD Billion)
      • 3M Sterilization Equipment Product Category, Type and Specification
      • 3M Main Business/Business Overview
      • 3M Geographical Analysis
      • 3M Recent Development
      • 3M Swot Analysis
    • Cantel Medical
    • Gettinge AB
    • Steris Plc
    • Sterile Technologies Inc.
    • Belimed
    • Sterigenics US, LLC
    • SAKURA SEIKI Co., Ltd
    • Andersen Products, Inc.
    • Celitron
  3. Market Research Findings & Conclusion

Disclaimer 

Research Methodology

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