Sterilization Equipment Market cover

Sterilization Equipment Market by Products (Sterile Membrane Filters, Radiation Sterilization Devices [Gamma Rays, Electron Beams, and Others], Low-temperature Sterilizers [Hydrogen Peroxide Sterilizers, Ethylene Oxide Sterilizers, and Others], and Heat Sterilizers [Steam Autoclaves and Depyrogenation Oven]) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-3597
  • Author: Growth Market Reports
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  • No. Of Pages: 189
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The global sterilization equipment market size was valued at USD 5.48 billion in 2020 and is estimated to reach USD 12.57 billion by 2028, expanding at a CAGR of 10.1 % during the forecast period, 2021–2028. The growth of the market is attributed to the increase in the prevalence of Hospital-acquired infections (HAI) due to the lack of sanitation and preventive measures.

Sterilization Equipment Market summary

Sterilization is the process of removing all types of bacteria from a solid surface or liquid. In most life sciences laboratories and healthcare settings, a sterile atmosphere is an optimum requirement. Sterilization stops bacteria from growing on solid surfaces and in liquids, preventing them from spreading further. Steam, dry, chemical, and filter sterilization are some of the methods used by sterilization equipment. In the healthcare and medical device industries, the majority of items are terminally sterilized. Multiple parameters, such as the number of beginning organisms, temperature regulation in every element of the equipment, and the intrinsic vitality of individual microorganisms to resist heat, all have an impact on industrial sterilization operations.

The impact of COVID-19 pandemic has been positive on the sterilization equipment market. Due to the ongoing pandemic and due to the growing cases of HAIs in hospital settings, demand for sterilization equipment and services has increased significantly and is expected to remain the same during the forecast period globally.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising incidence of HAIs in hospital settings is one of the key factors driving the market growth.
  • Increasing prevalence of chronic conditions is expected to boost the market growth in the coming years.
  • Harmful effects related to ethylene oxide and its application presents a major challenge. This is likely to hinder the market growth during the forecast period.
  • Concerns related to the safety of reprocessed surgical instruments is expected to hamper the market growth during the projected timeline.
  • Growing healthcare sector and increasing outsourcing of sterilization equipment specially in developing regions is projected to create significant growth opportunities for the market in the near future.

Scope of the Report

The report on the global sterilization equipment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Sterilization Equipment Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Products (Sterile Membrane Filters, Radiation Sterilization Devices [Gamma Rays, Electron Beams, and Others], Low-temperature Sterilizers [Hydrogen Peroxide Sterilizers, Ethylene Oxide Sterilizers, and Others], and Heat Sterilizers [Steam Autoclaves and Depyrogenation Oven])

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

E-BEAM Services, Inc.; STERIS PLC; Sterigenics U.S., LLC; Fortive; and Cantel Medical Corp.

Market Segment Insights

Low-temperature sterilizers segment to grow at a rapid pace

Based on products, the global sterilization equipment market is segregated into sterile membrane filters, radiation sterilization devices, low-temperature sterilizers, and heat sterilizers. The radiation sterilization devices are further divided into gamma rays, electron beams, and others. The low-temperature sterilizers segment is sub-categorized as hydrogen peroxide sterilizers, ethylene oxide sterilizers, and others, while the heat sterilizers segment consists of steam autoclaves and depyrogenation oven. The low-temperature sterilizers segment is expected to grow at a rapid pace during the forecast period owing to the rising need for sterilization of heat and moisture-sensitive medical equipment with complicated designs. Moreover, the complex innovations and changing healthcare environment is further expected to drive the segment growth.

Sterilization Equipment Market products

North America to constitute a key market share

In terms of regions, the global sterilization equipment market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period attributed to the rising prevalence of HAIs and favorable reimbursement policies, which improve the adoption of sterilization equipment across the region. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to factors, such as the growing demand for non-disposable medical devices, the rising awareness about hygiene in hospitals and clinics, and the increasing need for controlling HAIs in the region.

Sterilization Equipment Market region

Segments

Segments Covered in the Report

The global sterilization equipment market has been segmented on the basis of

Products

  • Sterile Membrane Filters
  • Radiation Sterilization Devices
    • Gamma Rays
    • Electron Beams
    • Others
  • Low-temperature Sterilizers
    • Hydrogen Peroxide Sterilizers
    • Ethylene Oxide Sterilizers
    • Others
  • Heat Sterilizers
    • Steam Autoclaves
    • Depyrogenation Oven

Regions

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

Key Players

  • E-BEAM Services, Inc.
  • STERIS PLC
  • Sterigenics U.S., LLC
  • Fortive
  • Cantel Medical Corp.

Competitive Landscape

Key players competing in the global sterilization equipment market are E-BEAM Services, Inc.; STERIS PLC; Sterigenics U.S., LLC; Fortive; and Cantel Medical Corp. As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives, such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.

Sterilization Equipment Market keyplayers

For instance, in April 2019, Fortive concluded the acquisition of Johnson & Johnson's Advanced Sterilization Products (ASP) business sector, which includes the STERRAD Sterilization System. In April 2020, the FDA cleared the use of Steris V-PRO 1 Plus, maX2, and maX low-temperature sterilization equipment in hospitals treating COVID-19 patients to decontaminate roughly 750,000 N95 respirators and comparable masks each day.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. sterilization equipment Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. sterilization equipment Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. sterilization equipment Market - Supply Chain
  4.5. Global sterilization equipment Market Forecast
     4.5.1. sterilization equipment Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. sterilization equipment Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. sterilization equipment Market Absolute $ Opportunity
5. Global sterilization equipment Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. sterilization equipment Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global sterilization equipment Demand Share Forecast, 2019-2026
6. North America sterilization equipment Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America sterilization equipment Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America sterilization equipment Demand Share Forecast, 2019-2026
7. Latin America sterilization equipment Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America sterilization equipment Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America sterilization equipment Demand Share Forecast, 2019-2026
8. Europe sterilization equipment Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe sterilization equipment Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe sterilization equipment Demand Share Forecast, 2019-2026
9. Asia Pacific sterilization equipment Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific sterilization equipment Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific sterilization equipment Demand Share Forecast, 2019-2026
10. Middle East & Africa sterilization equipment Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa sterilization equipment Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa sterilization equipment Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global sterilization equipment Market: Market Share Analysis
  11.2. sterilization equipment Distributors and Customers
  11.3. sterilization equipment Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. E-BEAM Services, Inc.
     11.4.2. STERIS PLC
     11.4.3. Sterigenics U.S., LLC
     11.4.4. Fortive
     11.4.5. Cantel Medical Corp.

Segments Covered in the Report

The global sterilization equipment market has been segmented on the basis of

Products

  • Sterile Membrane Filters
  • Radiation Sterilization Devices
    • Gamma Rays
    • Electron Beams
    • Others
  • Low-temperature Sterilizers
    • Hydrogen Peroxide Sterilizers
    • Ethylene Oxide Sterilizers
    • Others
  • Heat Sterilizers
    • Steam Autoclaves
    • Depyrogenation Oven

Regions

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

Key Players

  • E-BEAM Services, Inc.
  • STERIS PLC
  • Sterigenics U.S., LLC
  • Fortive
  • Cantel Medical Corp.

Key players competing in the global sterilization equipment market are E-BEAM Services, Inc.; STERIS PLC; Sterigenics U.S., LLC; Fortive; and Cantel Medical Corp. As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives, such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.

Sterilization Equipment Market keyplayers

For instance, in April 2019, Fortive concluded the acquisition of Johnson & Johnson's Advanced Sterilization Products (ASP) business sector, which includes the STERRAD Sterilization System. In April 2020, the FDA cleared the use of Steris V-PRO 1 Plus, maX2, and maX low-temperature sterilization equipment in hospitals treating COVID-19 patients to decontaminate roughly 750,000 N95 respirators and comparable masks each day.

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