Sterilization Equipment Market by Product & Service {Equipment [Heat, Low-temperature (Ozone, Formaldehyde), Filtration), Consumables (Sterilization Indicators, Sterilants), Services (Gamma, Steam)], End User (Hospitals, Pharma) - Global Forecast to 2027.
Succeeding extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out the key industry drivers, restraints, opportunities, and challenges. The growth in the sterilization equipment market is mainly attributed to the growing incidence of hospital-acquired infections, the impact of the COVID-19 pandemic, rising number of surgical procedures, rising demand for sterilization in the food industry, and increasing sterilization demand from pharmaceutical & biotechnology industries. In addition, the growing demand for sterilization products in emerging economies and increasing use of e-beam sterilization provide significant opportunities for vendors across the globe.
The sterilization equipment market is expected to grow at a CAGR of 12.2% from 2020 to 2027 to reach $23.7 billion by 2027.
Based on the product and service, the equipment segment dominated the market in 2020 due to an increase in HAIs, the need for food safety, their effectiveness for sterilizing reusable materials & instruments, and the rapidly growing production of vaccines during COVID-19.
Based on end user, the hospitals & clinics segment is expected to grow at the fastest growth rate due to rapidly growing surgical procedure volume, need for quality care, rising incidence of HAIs, and the growing number of hospital admissions due to COVID-19.
An in-depth analysis of the sterilization equipment market's geographical scenario provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region. North America is expected to command the largest share of the sterilization equipment market in 2020, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The key players operating in the sterilization equipment market are STERIS plc. (U.S.), Cantel Medical Corp. (U.S.), Getinge AB (Sweden), 3M Company (U.S.), Advanced Sterilization Products (U.S.), MMM Group (Germany), MATACHANA group (Spain), Cardinal Health, Inc. (U.S.), Sotera Health (U.S.), and Belimed (Switzerland), among others.
Succeeding extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out the key industry drivers, restraints, opportunities, and challenges. The growth in the sterilization equipment market is mainly attributed to the growing incidence of hospital-acquired infections, the impact of the COVID-19 pandemic, rising number of surgical procedures, rising demand for sterilization in the food industry, and increasing sterilization demand from pharmaceutical & biotechnology industries. In addition, the growing demand for sterilization products in emerging economies and increasing use of e-beam sterilization provide significant opportunities for vendors across the globe.
The sterilization equipment market is expected to grow at a CAGR of 12.2% from 2020 to 2027 to reach $23.7 billion by 2027.
Based on the product and service, the equipment segment dominated the market in 2020 due to an increase in HAIs, the need for food safety, their effectiveness for sterilizing reusable materials & instruments, and the rapidly growing production of vaccines during COVID-19.
Based on end user, the hospitals & clinics segment is expected to grow at the fastest growth rate due to rapidly growing surgical procedure volume, need for quality care, rising incidence of HAIs, and the growing number of hospital admissions due to COVID-19.
An in-depth analysis of the sterilization equipment market's geographical scenario provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region. North America is expected to command the largest share of the sterilization equipment market in 2020, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The key players operating in the sterilization equipment market are STERIS plc. (U.S.), Cantel Medical Corp. (U.S.), Getinge AB (Sweden), 3M Company (U.S.), Advanced Sterilization Products (U.S.), MMM Group (Germany), MATACHANA group (Spain), Cardinal Health, Inc. (U.S.), Sotera Health (U.S.), and Belimed (Switzerland), among others.
Key questions answered in the report
- Which are the high-growth market segments in terms of product & service, end user, and geography?
- What is the historical market size for the sterilization equipment market?
- What are the market forecasts and estimates for the period 2020-2027?
- What are the major drivers, restraints, opportunities, and challenges in the sterilization equipment market?
- Who are the major players in the market, and what share of the market do they hold?
- Who are the major players in various countries, and what share of the market do they hold?
- How is the competitive landscape for the sterilization equipment market?
- What are the recent developments in the sterilization equipment market?
- What are the different strategies adopted by the major players in the market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the sterilization equipment market, and how do they compete with the other players?
Scope of the Report:
Sterilization Equipment Market, by Product and Service
- Equipment
- Heat Sterilization Equipment
- Moist Heat Sterilizers
- Dry Heat Sterilizers
- Low-temperature Sterilization Equipment
- Hydrogen Peroxide/Gas Plasma Sterilization
- Ethylene Oxide Sterilizers
- Ozone-based Medical Sterilizers
- Formaldehyde Sterilizers
- Others
- Radiation Sterilization Equipment
- Filtration Sterilization Equipment
- Consumables & Accessories
- Sterilization Indicators
- Biological Indicators
- Chemical Indicators
- Sterilants
- Instrument Packaging & Pouches
- Others
- Services
- Ethylene Oxide Sterilization Services
- Gamma Sterilization Services
- E-beam Sterilization Services
- Steam Sterilization Services
- Other Sterilization Services
Sterilization Equipment Market, by End User
- Hospitals & Clinics
- Medical Device Companies
- Pharmaceutical Companies
- Food & Beverage Industry
- Other End Users
Sterilization Equipment Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe (RoE)
- Asia-Pacific (APAC)
- Japan
- China
- India
- Rest of APAC (RoAPAC)
- Latin America
- Middle East & Africa
Table of Contents
1. Introduction
2. Research Methodology
4. Market Dynamics
5. Sterilization Equipment Market, By Offering
6. Sterilization Equipment Market, By End User
7. Global Sterilization Equipment Market, By Geography
8. Competitive Landscape
9. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
10. Appendix
List of Tables
List of Figures
Companies Mentioned
- STERIS plc. (U.S.)
- Cantel Medical Corp. (U.S.)
- Getinge AB (Sweden)
- 3M Company (U.S.)
- Advanced Sterilization Products (U.S.)
- MMM Group (Germany)
- MATACHANA group (Spain)
- Cardinal Health Inc. (U.S.)
- Sotera Health (U.S.)
- Belimed (Switzerland)