The global Sterilization Technologies market was valued at $7,200.53 million in 2020, and is projected to reach $12,782.65 million by 2030, registering a CAGR of 5.9% from 2021 to 2030.
Sterilization technologies is a process used to eliminate all viable life forms including bacteria, prions, viruses, fungi, and spore forms from surfaces of equipment, pharmaceuticals, medications, food ingredients, and biological culture medium. There is increase in demand for disinfection and sterilization of medical instruments and devices to avoid and reduce the probability of transmission of microorganisms through surgical devices. Many medical devices and equipment manufacturers, post designing and manufacturing, sterilize the equipment using sterilization technologies, such as gamma, steam, X-rays, ethylene oxide (EO), and others.
Increase in usage of single-use disposable devices has increased the adoption of sterilization practices during the manufacturing of medical devices. Many healthcare regulatory bodies are concerned over reducing healthcare costs by speeding up device and drug approval processes. Faster approvals are expected to boost the demand for new sterility testing methods, which are anticipated to compel innovative market players to spend more on advanced sterilization solutions.
Recent developments in the sterilization technologies market focus on low temperature sterilization systems. Further, commercially available low-temperature sterilization systems have been enhanced as they include shorter cycles, improved materials compatibility, expanded instrument capability, environmental friendliness, and reduced costs, and as a result, more new technologies are moving towards commercialization.
The sterilization technology market is driven mainly by the increased rate of infections, rapid growth of biotechnological and pharmaceutical companies, increased medical procedure, and advancement of technology in the sterilization market. Infectious diseases, such as AIDS and innovation of medicines and initiatives taken by governments are also considered as primary drivers of the sterilization technologies market.
According to the World Health Organization (WHO) report, millions of people globally are affected by Healthcare-Associated Infections (HAIs) every year. This factor leads to a high mortality rate and substantial financial losses for the healthcare systems. According to WHO, healthcare infection differs by around 5.7% in low income and 19% in medium-income countries. The rise in HAIs is one of the drivers of the sterilization technology market. Gradual improvements to enhance technology to produce better medical devices and investments in R&D activities by leading market players are predicted to offer an excellent opportunity for the market growth.
However, high cost of maintenance and replacement part of sterilization equipment restrict customers from buying the equipment. Thermal sterilizers continuously require steam, electricity, and water for operation, which increases the overall utility costs.
The sterilization technologies market in this report is studied on the basis of type, end user, and region. On the basis of type, the market is divided into chemical and gas sterilization, filtration sterilization, ionizing radiation sterilization, and thermal sterilization. Chemical and gas sterilization is further divided into ethylene oxide, formaldehyde, and others. Filtration sterilization is further divided into liquid and air & gas. Ionizing radiation sterilization is classified as gamma radiation, electron beam radiation, and others. Thermal sterilization is further classified as autoclaving, distillation, pasteurization, retorting and others. On the basis of end user, the market is divided into pharmaceuticals, medical devices, food and beverage, agriculture cosmetics, manufacturing, and others. Region wise, this market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of type, the Chemical & Gas Sterilization segment currently dominates the global sterilization technologies market and is expected to continue during the forecast period owing to the their effectiveness in sterilizing the reusable medical instruments, surgical instruments, and other materials required for various microbial-safe environments.
On the basis of end user, the medical devices segment dominated the global sterilization technologies market in 2020 and is anticipated to be dominant in the market owing to growing incidence of hospital-acquired infections (HAIs), and the rising number of surgical procedures propelling the growth of the medical devices industry.
Region wise, North America dominated the market in 2020, owing to the growing demand for sterilization technologies from the healthcare industry to minimize the occurrence of HAIs, the increasing number of surgical procedures performed, and the presence of key players in the region are the major factors supporting the growth of the sterilization technologies market. However, Asia-Pacific is expected to witness considerable market growth during the forecast period, due to accelerated economic growth, growing government focus on the healthcare sector, rising prevalence of chronic diseases, the outbreak of COVID-19, investment from government bodies to expand healthcare facilities, and favorable regulatory reforms.
The major players operating in the global sterilization technologies market are Advanced Sterilization Products Services Inc., Atec Pharmatechnik GmbH, Belimed AG, Getinge Group, Nordion Inc., Noxilizer, Inc., Sterile Technologies Inc., Steris Plc., The 3M Company, and Stryker Corporation. These players adopted product launch, collaboration, and merger & acquisition as their key developmental strategies.
Sterilization technologies is a process used to eliminate all viable life forms including bacteria, prions, viruses, fungi, and spore forms from surfaces of equipment, pharmaceuticals, medications, food ingredients, and biological culture medium. There is increase in demand for disinfection and sterilization of medical instruments and devices to avoid and reduce the probability of transmission of microorganisms through surgical devices. Many medical devices and equipment manufacturers, post designing and manufacturing, sterilize the equipment using sterilization technologies, such as gamma, steam, X-rays, ethylene oxide (EO), and others.
Increase in usage of single-use disposable devices has increased the adoption of sterilization practices during the manufacturing of medical devices. Many healthcare regulatory bodies are concerned over reducing healthcare costs by speeding up device and drug approval processes. Faster approvals are expected to boost the demand for new sterility testing methods, which are anticipated to compel innovative market players to spend more on advanced sterilization solutions.
Recent developments in the sterilization technologies market focus on low temperature sterilization systems. Further, commercially available low-temperature sterilization systems have been enhanced as they include shorter cycles, improved materials compatibility, expanded instrument capability, environmental friendliness, and reduced costs, and as a result, more new technologies are moving towards commercialization.
The sterilization technology market is driven mainly by the increased rate of infections, rapid growth of biotechnological and pharmaceutical companies, increased medical procedure, and advancement of technology in the sterilization market. Infectious diseases, such as AIDS and innovation of medicines and initiatives taken by governments are also considered as primary drivers of the sterilization technologies market.
According to the World Health Organization (WHO) report, millions of people globally are affected by Healthcare-Associated Infections (HAIs) every year. This factor leads to a high mortality rate and substantial financial losses for the healthcare systems. According to WHO, healthcare infection differs by around 5.7% in low income and 19% in medium-income countries. The rise in HAIs is one of the drivers of the sterilization technology market. Gradual improvements to enhance technology to produce better medical devices and investments in R&D activities by leading market players are predicted to offer an excellent opportunity for the market growth.
However, high cost of maintenance and replacement part of sterilization equipment restrict customers from buying the equipment. Thermal sterilizers continuously require steam, electricity, and water for operation, which increases the overall utility costs.
The sterilization technologies market in this report is studied on the basis of type, end user, and region. On the basis of type, the market is divided into chemical and gas sterilization, filtration sterilization, ionizing radiation sterilization, and thermal sterilization. Chemical and gas sterilization is further divided into ethylene oxide, formaldehyde, and others. Filtration sterilization is further divided into liquid and air & gas. Ionizing radiation sterilization is classified as gamma radiation, electron beam radiation, and others. Thermal sterilization is further classified as autoclaving, distillation, pasteurization, retorting and others. On the basis of end user, the market is divided into pharmaceuticals, medical devices, food and beverage, agriculture cosmetics, manufacturing, and others. Region wise, this market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of type, the Chemical & Gas Sterilization segment currently dominates the global sterilization technologies market and is expected to continue during the forecast period owing to the their effectiveness in sterilizing the reusable medical instruments, surgical instruments, and other materials required for various microbial-safe environments.
On the basis of end user, the medical devices segment dominated the global sterilization technologies market in 2020 and is anticipated to be dominant in the market owing to growing incidence of hospital-acquired infections (HAIs), and the rising number of surgical procedures propelling the growth of the medical devices industry.
Region wise, North America dominated the market in 2020, owing to the growing demand for sterilization technologies from the healthcare industry to minimize the occurrence of HAIs, the increasing number of surgical procedures performed, and the presence of key players in the region are the major factors supporting the growth of the sterilization technologies market. However, Asia-Pacific is expected to witness considerable market growth during the forecast period, due to accelerated economic growth, growing government focus on the healthcare sector, rising prevalence of chronic diseases, the outbreak of COVID-19, investment from government bodies to expand healthcare facilities, and favorable regulatory reforms.
The major players operating in the global sterilization technologies market are Advanced Sterilization Products Services Inc., Atec Pharmatechnik GmbH, Belimed AG, Getinge Group, Nordion Inc., Noxilizer, Inc., Sterile Technologies Inc., Steris Plc., The 3M Company, and Stryker Corporation. These players adopted product launch, collaboration, and merger & acquisition as their key developmental strategies.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides in-depth analysis of the global sterilization technologies market size along with the current trends and future estimations to elucidate the imminent investment pockets
- It offers market analysis from 2021 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market
- A comprehensive analysis on region assists to understand the regional market and facilitate the strategic business planning and determine prevailing opportunities
- The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global sterilization technologies market growth
KEY MARKET SEGMENTS
By Type
- Chemical & Gas Sterilization
- Ethylene Oxide
- Formaldehyde
- Others
- Filtration Sterilization
- Liquid
- Air & Gas
- Ionizing Radiation Sterilization
- Gamma Radiation
- Electron Beam Radiation
- Others
- Thermal Sterilization
- Autoclaving
- Distillation
- Pasteurization
- Retorting
- Others
By End User
- Pharmaceuticals
- Medical Devices
- Food & Beverage
- Agriculture
- Cosmetic
- Manufacturing
- Others
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
List of key players profiled in the report:
- Advanced Sterilization Products Services Inc
- Atec Pharmatechnik GmbH
- Belimed AG
- Getinge Group
- Nordion Inc
- Noxilizer, Inc
- Sterile Technologies Inc
- Steris Plc
- The 3M Company
- Stryker Corporation
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Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Landscape
Chapter 4: Sterilization Technologies Market, by Type
Chapter 5: Sterilization Technologies Market, by End-user
Chapter 6: Sterilization Technologies Market, by Region
Chapter 7: Company Profiles
List of Tables
List of Figures
Executive Summary
According to a new report titled, “Sterilization Technologies Market by Type, and End Users: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global sterilization technologies market size was valued at $7,200.53 Million in 2020, and is projected to reach $12,782.65 Million by 2030, registering a CAGR of 5.9% from 2021 to 2030.Sterilization technologies are procedures used to eliminate transmissible agents, such as bacteria, virus, fungi, and prions, by using chemical and physical agents known as sterilants. Increase in number of surgeries, rise in number of hospital-acquired infections (HAIs), and growth in demand for sterilization technologies in various end-user industries, including food & beverage, are major factors that drive the market growth globally. Ethylene oxide, formaldehyde, hydrogen peroxide, and propylene oxide are active agents employed in sterilization technologies. Enhancement in low-temperature sterilization systems through continuous innovation has led to reduced processing time and capacity expansion for instrument reprocessing. Regulatory authorities present in this market include, the Food and Drug Administration (FDA), International Organization for Standardization (ISO), and Occupational Safety and Health Administration (OSHA). High cost of sterilization equipment & devices and stringent regulations associated with harmful gases hinder the growth of the sterilization technologies market. However, technological advancements and rise in use of sterilization technologies in emerging economies provide numerous opportunities for market expansion.
The major factors that drive the growth of the market include, increase in rate of infections, rapid growth of biotechnological and pharmaceutical companies, increase in medical procedures, and advancement of technology in the sterilization market. Infectious diseases, such as AIDS and innovation of medicines and initiatives taken by the government are also considered as primary drivers for the growth of the sterilization technologies market.
Thermal sterilizers need steam, water, and electricity to work efficiently. However, high maintenance cost and replacements of sterilization equipment is expected to be a significant problem hampering the growth of the sterilization technologies market.
Active agents, such as formaldehyde are flammable, toxic, carcinogenic, and explosive. They contain the potential to affect patients’ health and cause environmental hazards. Governments in many countries have strict regulation due to the emission of greenhouse gases and safety issues. Thus, strict rules and regulations related to harmful gases are also the main factors to restrain growth of the sterilization technologies market.
The sterilization technologies market is segmented on the basis of type, end user, and region. On the basis of type, the market is divided into chemical and gas sterilization, filtration sterilization, ionizing radiation sterilization, and thermal sterilization. Chemical and gas sterilization is further divided into ethylene oxide, formaldehyde, and others. Filtration sterilization is further divided into liquid and air & gas. Ionizing radiation sterilization is classified as gamma radiation, electron beam radiation, and others. Thermal sterilization is further classified as autoclaving, distillation, pasteurization, retorting and others.
On the basis of type, the Chemical & Gas Sterilization segment currently dominates the global sterilization technologies market and is expected to continue during the forecast period owing to the their effectiveness in sterilizing the reusable medical instruments, surgical instruments, and other materials required for various microbial-safe environments.
On the basis of end user, the medical devices segment dominated the global sterilization technologies market in 2020 and is anticipated to be dominant in the market owing to growing incidence of hospital-acquired infections (HAIs), and the rising number of surgical procedures propelling the growth of the medical devices industry.
North America dominated the market in 2020, owing to the growing demand for sterilization technologies from the healthcare industry to minimize the occurrence of HAIs, the increasing number of surgical procedures performed, and the presence of key players in the region are the major factors supporting the growth of the. However, Asia-Pacific is expected to witness considerable market growth during the forecast period, due to accelerated economic growth, growing government focus on the healthcare sector, rising prevalence of chronic diseases, the outbreak of COVID-19, investment from government bodies to expand healthcare facilities, and favorable regulatory reforms.
Key Findings Of Study
- By type, the Chemical & Gas Sterilization segment currently dominates the global sterilization technologies market and is expected to continue during the forecast period owing to their effectiveness in sterilizing the reusable medical instruments, surgical instruments, and other materials required for various microbial-safe environments
- On the basis of end user, the medical devices segment dominated the global sterilization technologies market in 2020 and is anticipated to be dominant in the market owing to growing incidence of hospital-acquired infections (HAIs), and the rising number of surgical procedures propelling the growth of the medical devices industry
- On the basis of region, in 2020, North America dominated the market in 2020, owing to growing demand for sterilization technologies from the healthcare industry to minimize the occurrence of HAIs, the increasing number of surgical procedures performed, and the presence of key players in the region are the major factors supporting the growth of the sterilization technologies market However, Asia-Pacific region is expected to witness considerable market growth during the forecast period, due to accelerated economic growth, growing government focus on the healthcare sector, rising prevalence of chronic diseases, the outbreak of COVID-19, investment from government bodies to expand healthcare facilities, and favorable regulatory reforms
Companies Mentioned
- Advanced Sterilization Products Services Inc.
- Atec Pharmatechnik GmbH
- Belimed AG
- Getinge Group
- Nordion Inc.
- Noxilizer, Inc.
- Sterile Technologies Inc.
- Steris Plc.
- he 3M Company
- Stryker Corporation.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 190 |
| Published | February 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 7200.53 million |
| Forecasted Market Value ( USD | $ 12782.65 million |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
