Sterilization Equipment Market by Product & Services (Instruments (Dry Heat), Services (Ethylene Oxide, E-Beam, Steam), Consumables & Accessories (Pouches, Lubricants)), End User (Hospitals & Clinics, Pharmaceutical Companies) – Global Forecast to 2025

2020-07-01
Price :
Published : Jul-2020
No. of Pages : 310

“Sterilization equipment market is projected to grow at CAGR of 2.5% from 2020 to 2025

The global sterilization equipment market is projected to reach USD 13.6 billion by 2025 from USD 12.1 billion in 2020, at a CAGR of 2.5% from 2020 to 2025. The growth of the market is largely driven by factors such as rising incidence of hospital-acquired infections, increasing number of surgical procedures, and growing focus on food sterilization and disinfection. Emerging economies are expected to provide a wide range of growth opportunities for players in the market.

Covid -19 Impact On The Sterilization Equipment Market

Equipment sterilization plays a critical role in preventing the spread of COVID-19 in healthcare settings. During the outbreak, patient-to-patient pathogen transmission via medical devices can be entirely prevented by properly sterilizing medical devices. The usage of reprocessed equipment to disinfect or sterilize medical devices is higher than normal during the pandemic since improper decontamination of surgical instruments, endoscopic devices, respiratory care devices, and reusable hemodialysis machines can lead to arise in the threat due to COVID. This has increased the demand for sterilization consumables to ensure proper sterilization of medical devices.

Market Dynamics

Driver:Rising Incidence Of Hospital Acquired Diseases

Hospital-acquired infections (HAIs) are a major cause of morbidity and mortality worldwide. These include central line-associated bloodstream infections, catheter-associated urinary tract infections, and ventilator-associated pneumonia. The most common bacteria associated with HAIs include C. difficile, methicillin-resistant Staphylococcus aureus (MRSA), Klebsiella, E. coli, Enterococcus, and Pseudomonas species. The growing prevalence of HAIs globally is the primary growth driver for the sterilization equipment market. HAIs affect around 5%–10% of all hospitalized patients in the US annually, as per the US Centers for Disease Control and Prevention (CDC). As reported by the OECD in 2018, nearly 3.8 million patients develop HAIs every year in Europe.

BURNING ISSUES: Non-compliance to sterilization standards

According to the Joint Commission, in 2016, there has been an increase in the non-compliance rate among hospitals, ambulatory surgery centers, and office-based surgery facilities. In addition, the aforementioned standard to reduce the risk of infections associated with medical equipment, devices, and supplies was one of the top five non-compliant requirements.

OPPORTUNITY: Re-introduction of ethylene oxide sterilization

With the growing number of cases of COVID-19 worldwide, EtO is preferred to sterilize protective gear and single-use instruments prior to their initial use. This sterilization technology plays a vital role in enabling the sterilization of critical medical products and devices before they reach patients. According to the FDA, more than 20 billion devices sold in the US every year are sterilized with EtO, accounting for approximately 50% of the devices that require sterilization.

Sterilization instruments segment accounted for a significant share of the sterilization equipment market, by product & services, in 2019”

By product & services, the sterilization equipment market is segmented sterilization instruments, sterilization consumables & accessories and sterilization services. Of all these product & service sterilization instruments accounted for the largest share of the sterilization equipment market in 2019. The segment is also anticipated to grow at the fastest rate due to rising prevalence of chronic diseases and increasing number of surgeries performed.

“Hospitals segment accounted for the largest share of the sterilization equipment market, by end user in 2019”

On the basis of end user, the sterilization equipment market is segmented into hospitals & clinics, pharmaceutical companies, medical device companies, food & beverage companies, and other end users. Of all these end-user segments, hospitals & clinics accounted for the largest share of the sterilization equipment market in 2019. The large share of this segment can be attributed to factors such as the rapidly growing aging population, the higher surgeries performed in the hospital settings and increasing cases of HAIs.

“North America will continue to dominate the sterilization equipment market during the forecast period”

In 2019, North America was estimated to be the largest regional market for sterilization equipment, followed by Europe. The growth in this market is primarily driven by the growing demand for sterilization technologies from the healthcare industry to minimize the occurrence of HAIs, the growing geriatric population, and the consequent rise in the demand for healthcare services.

Breakdown of supply-side primary interviews, by company type, designation, and region:

  • By Company Type: Tier 1 (32%) , Tier 2 (44%), and Tier 3 (24%)
  • By Designation: C-level (30%), Director-level (34%), and Others (36%)
  • By Region: North America (40%), Europe (28%), AsiaPacific (20%), Latin America (6%) , and the Middle East & Africa (6%)

The some of the major players operating in this market are STERIS Corporation (US), Getinge Group (Sweden), 3M Company Group (US), and Belimed AG (Switzerland)

List of Companies Profiled in the Report

  • STERIS Corporation (US)
  • Getinge Group (Sweden)
  • 3M Company Group (US)
  • Belimed AG (Switzerland)
  • MMM Group (Germany)
  • MATACHANA Group (Spain)
  • Sotera Health (US)
  • Cantel Medical (US)
  • Advanced Sterilization Products (US)
  • Cardinal Health (US)
  • Tuttnauer (Switzerland)
  • DE LAMA S.p.A. (Italy)
  • Systec GmbH (Germany)
  • Steelco S.p.A. (Italy)
  • Noxilizer, Inc. (US)
  • Merck KGaA (Germany)
  • Sartorius AG (Germany)
  • E-BEAM Services, Inc. (US)
  • Life Science Outsourcing, Inc. (US)
  • Cosmed Group, Inc. (US)
  • Andersen Products, Inc. (US)
  • Stryker(US)
  • C.B.M. S.r.l. Medical Equipement (Italy)
  • Life Science Outsourcing, Inc. (US)
  • Continental Equipment Company (US)
  • Midwest Sterilization Corporation (US).

Research Coverage

This report studies the sterilization equipment market based on product & services, end user and region. The report also analyzes factors (such as drivers, restraints and opportunities) affecting market growth. It evaluates the opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders. The report also studies micromarkets with respect to their growth trends, prospects, and contributions to the total sterilization equipment market. The report forecasts the revenue of the market segments with respect to four major regions.

Reasons to Buy the Report:

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on sterilization equipment offered by the top 25 players in the sterilization equipment market. The report analyzes the sterilization equipment market by product & service, end user, and region.
  • Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various securement devices across key geographic regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the sterilization equipment market
  • Competitive Assessment: In-depth assessment of market shares and strategies of the leading players in the sterilization equipment market

Frequently asked questions

  • What are the growth opportunities in the sterilization equipment market across major regions in the future?
  • Emerging countries have immense opportunities for the growth and adoption of sterilization services. Will this scenario continue during the next five years?
  • Where will all the advancements in products offered by various companies take the industry in the mid- to long-term?
  • What are the various sterilization equipment product types and their respective market shares in the overall market?
  • What are the new trends and advancements in the sterilization equipment market?
  • What is the impact of COVID-19 on sterilization equipment market?
Filed in: Diagnostics
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

Cancer/Tumor Profiling Market by (Technology (Immunoassay, NGS, PCR, In-Situ Hybridization, Microarray), Cancer Type (Breast, Lung, Colorectal, Prostate, Melanoma)), Biomarker Type (Genomic, Protein), Application, Region – Global Forecast to 2025

The cancer/tumor profiling market is expected to grow at a CAGR of 10.9% in the forecast period. The global cancer/tumor profiling market size is projected to reach USD 13.9 billion by 2025 from USD 8.3 billion in 2020, at a CAGR of 10.9 %. Factors such as the increasing incidence of cancer, increasing demand for personalized medicine, increasing use of biomarkers in cancer profiling, increasing cancer research and funding, and technological advancements in the field are expected to drive the growth of the cancer/tumor profiling market. However, poor regulatory and reimburement scenario serves as a major challenge for the industry. By technology, the next generation sequencing segment holds the highest market share during the forecast period. Based on technology, the cancer/tumor ......
$4950

Veterinary Reference Laboratory Market by Service Type (Clinical Chemistry, Hematology, Immunodiagnostics, Molecular Diagnostics), Application (Pathology, Bacteriology, Virology, Parasitology), Animal, and Region – Global Forecast to 2025

The global veterinary reference laboratories market size is projected to reach USD 5.6 billion by 2025 from USD 3.4 billion in 2020, at a CAGR of 10.5%. The growth in this market is driven by the increase in the companion animal population, rising demand for pet insurance, and growth in the number of veterinary practitioners in developed economies. However, the growing demand for rapid tests and portable instruments for point-of-care (POC) services and increasing pet care costs are expected to restrain market growth to a certain extent. “The clinical chemistry segment is projected to witness the highest growth in the veterinary reference laboratories market, by type of service, during the forecast period.” Based on the type of service, the veterinary reference laboratories market......
$4950

Companion Diagnostics Market by Product & Service (Assay, Kit, Software & Service), Technology (PCR, NGS, ISH, IHC), Indication (Breast, Lung & Gastric Cancer, Neurological Disease), End-User (Pharma Companies, CRO), Region – Global Forecast to 2025

“The companion diagnostics market is estimated to grow at a CAGR of 12.9%” The companion diagnostics market is expected to reach USD 6.8 billion by 2025 from USD 3.7 billion in 2020, at a CAGR of 12.9%. The growth of the companion diagnostics industry is tied primarily to its various advantages, the growing need for targeted therapy, and the increasing importance of personalized medicine. Moreover, the increasing global incidence of cancer, ever-increasing application areas of companion diagnostics, rising demand for next-generation sequencing, the growing significance of companion diagnostics in drug development, and the increasing number of clinical trials are expected to present growth opportunities for players in the market. However, the high cost of companion diagnostic tests a......
$4950

Particle Size Analysis Market by Technology (Laser Diffraction, DLS, Static, Dynamic Imaging, Coulter Principle, Nanoparticle Tracking), Dispersion, End-User (Pharmaceutical, Chemical, Petroleum, Mining, Food, Academia), Region – Global Forecast to 2025

“The particle size analysis market is projected to grow at a CAGR of 5.5% during the forecast period” The global particle size analysis market size is projected to reach USD 465 million by 2025 from USD 356 million in 2020, at a CAGR of 5.5%. The growth of the market is attributed to increasing research activities in the field of nanotechnology, growing investments in pharmaceutical R&D, and stringent regulatory guidelines for product quality across industries. However, the heavy import duties on particle size analyzers in developing countries and limitations in particle characterization range are the major factors that are expected to restrain the growth of this market during the forecast period. “The laser diffraction segment is expected to account for the largest market ......
$4950

Sepsis Diagnostics Market by Technology (Microbiology, PCR, Microarray, Immunoassay, Biomarkers), Product (Reagents, Assay, Instruments, Software), Method, Test Type (Lab, POC), Pathogen (Bacterial, Fungal), End User and Region – Global Forecast to 2025

“The global sepsis diagnostics market is projected to grow at a CAGR of 8.5% during the forecast period.” The global sepsis diagnostics market size is expected to reach USD 700 million by 2025 from USD 429 million in 2019, at a CAGR of 8.5%. The demand is expected to grow due to the rising incidence of sepsis, a growing number of surgical procedures, high incidence of hospital-acquired infections, and increasing availability of a wide variety of sepsis diagnostic devices. The sepsis diagnostics industry is segmented on the technology, product, method, pathogen, test type, end user, and region. “The blood culture segment accounted for the largest share of the sepsis diagnostics industry, by end-user, in 2019.” Based on end-users, the sepsis diagnostics market is segmented i......
$4950

COVID 19 Impact on IVD (In Vitro Diagnostics) Market by Technology (PCR, NGS, ELISA, Rapid Test, Hematology, Hemostasis, Clinical Chemistry, Microbiology Testing, Urinalysis), End-user and Region – Global Forecast to 2025

 “The global in-vitro diagnostics market is expected to be valued at USD 61.0 billion in 2020, growing at a CAGR of 6.5% during 2020-2025.” The global in-vitro diagnostics market size is expected to be valued at USD 61.0 billion in 2020, growing at a CAGR of 6.5% during 2020-2025. The demand for in-vitro diagnostic products due to the COVID-19 pandemic is expected to increase mainly due to factors such as a sharp rise in market demand for PCR, NGS, serology based rapid-test products, the supportive regulatory landscape for product development & commercialization, and a sharp rise in target patient population. These factors have prompted market players to improve and strengthen their current manufacturing and distribution capabilities as well as to focus on product commercializa......
$5650

High-performance Liquid Chromatography (HPLC) Market by Product (Instruments (Systems, Detectors), Consumables (Columns, Filters), and Accessories), Application (Clinical Research, Diagnostics, Forensics), Region – Global Forecast to 2025

“The HPLC market is projected to grow at a CAGR of 4.6% during the forecast period (2020–2025).” The global HPLC market size is projected to reach USD 5.7 billion by 2025 from USD 4.5 billion in 2020, at a CAGR of 4.6% during the forecast period. The key factors driving the growth of this market include the high sensitivity and accuracy of the HPLC technique, the growing importance of HPLC tests in drug approvals, improving popularity of hyphenated techniques, and increasing pharmaceutical R&D spending. However, the high cost of HPLC systems is expected to restrict market growth to a certain extent. “Adoption of HPLC Instrument is expected to increase during the forecast period.” The acceptance of HPLC instruments is expected to rise due to the growing prevalence of ......
$4950

Breast Imaging Market by Technology [Mammography (FFDM, Digital & 3D Mammography), Breast Ultrasound, MRI, CBCT, MBI, PET-CT, ABUS, Optical Imaging], End user (Hospitals & Clinics, Breast Care Centers, Diagnostic Imaging Centers) -Global Forecasts to 2025

“The breast imaging market is projected to grow at a CAGR of 8.1% during the forecast period” The global breast imaging market is projected to reach USD 5.4 billion by 2025 from USD 3.7 billion in 2020, at a CAGR of 8.1%. The growth of the market is attributed to the rising incidence of breast cancer in women. According to GLOBOCON 2018, breast cancer is the most common cancer among women and one of the most important causes of death. In 2018, 2,088,849 breast cancer cases were diagnosed globally. Furthermore, growth in the geriatric population (as age contributes to the risk of breast cancer) and changing lifestyles, which have increased the overall possibility of cancer occurrence, presence of favorable reimbursement scenario, and implementation of breast density laws in major reg......
$4950

In Vitro Diagnostics (IVD) Quality Control Market by Source (Serum, Whole Blood, Urine), Application (Immunoassay, Hematology, Microbiology), Type (Independent Controls, Original Equipment Manufacturers), End User (Hospital, Lab) – Global Forecast to 2025

“The global IVD quality control market is projected to grow at a CAGR of 3.8%.” The global IVD quality control market size is projected to reach USD 1,158 million by 2025 from USD 961 million in 2020, at a CAGR of 3.8% during the forecast period. The market for IVD quality control is primarily driven by the increasing number of accredited clinical laboratories, rising demand for external quality assessment support, and increasing prevalence of chronic and infectious diseases. However, the unfavorable reimbursement scenario for IVD tests will restrain the market growth. “In 2019, the independent controls segment accounted for the largest share of the market.” On the basis of type, the third-party controls market is segmented into independent controls and instrument-specific......
$5650

Animal/Veterinary Ultrasound Market by Type (2D, 3D/4D, Doppler), Technology, Product (Portable, Cart-based), Animal (Small Companion, Large), Application (Obstetrics, Orthopedics, Cardiology), End User, and Region – Global Forecast to 2025

The global animal/veterinary ultrasound market size is projected to reach USD 448 million by 2025 from USD 338 million in 2020, at a CAGR of 5.8%. The market is driven by the growth in the companion animal population, rising demand for pet insurance, and increase in the number of veterinary practitioners in developed economies. However, the high cost of instruments and procedures are expected to restrain market growth to a certain extent. Obstetrics/Gynecology is the fastest-growing application segment during the forecast period Based on application, the animal/veterinary ultrasound market is segmented into obstetrics/gynecology, cardiology, orthopedics and others. The obstetrics/gynecology segment is expected to register the highest CAGR during the forecast period, primarily due to ......
$5650
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy