Sterilization Equipment Market Size 2024-2028

The sterilization equipment market is expected to grow by USD 3.24 billion at a CAGR of 7.08% from 2023 to 2028. This growth is primarily driven by strategic initiatives from key players, including mergers and acquisitions (M&A), expansions, product launches, and capacity enhancements. Innovations in sterilization technologies, such as advanced blankets and catheters, are vital in ensuring safer surgical treatments and addressing chronic diseases. Hydrogen peroxide-based sterilization systems are gaining popularity due to their pathogen-eliminating effectiveness and environmental benefits.

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Sterilization Equipment Market Overview

The sterilization equipment market plays a significant role in infection control within healthcare settings. Key products in this market include Autoclaves, Sterilizers, Washer-Disinfectors, and Endoscope Reprocessors. These products are critical in preventing infections and ensuring the safety of medical equipment. With increasing healthcare expenditures, rising infection control awareness, and a growing number of surgeries, the demand for advanced sterilization solutions is on the rise.

Key players like STERIS plc, Getinge AB, and 3M Company dominate this market. These companies focus on product innovation, strategic partnerships, and geographical expansion to maintain their competitive advantage.

Market Segmentation

The sterilization equipment market is segmented as follows:

By Product:

• Low-temperature sterilizers
• Heat sterilizers
• Sterile membrane filters
• Radiation sterilization devices

By Geography:

• North America
  • Canada
  • US
• APAC
  • China
  • Japan
• Europe
  • Germany
• Rest of World (ROW)

By Product Insights:

The low-temperature sterilizers segment is expected to grow significantly, driven by the increasing demand for sterilizing heat-sensitive medical devices and equipment. Sterilization methods such as ethylene oxide (ETO), hydrogen peroxide, and ozone-based sterilizers are in high demand to meet these needs. Hospitals and clinics are the primary users of these sterilization services. The rise in patient-specific requirements for sterilization, especially in surgeries related to spinal injuries and obesity, has further fueled this growth.

Regional Market Trends:

• North America is anticipated to contribute 37% to the growth of the global sterilization equipment market during the forecast period. The region's expanding healthcare sector and rising hospital-acquired infections (HAIs) significantly drive demand. Key drivers include an increase in healthcare expenditure, from 14.10% to 16.41% of GDP between 2005 and 2018, and a growing need for sterilization due to the prevalence of diseases like obesity and spinal cord injuries.

Market Dynamics:

Drivers:

• Strategic initiatives such as M&A, new product launches, and capacity enhancements by key market players are crucial in driving market growth.
• Increasing infections, diseases (e.g., cancer, diabetes, autoimmune diseases), and hospital admission rates are driving demand for sterilization solutions.

Trends:

• Rising number of surgical procedures: With the number of surgical procedures in the US expected to reach 150 million by 2023, the demand for sterilization technologies continues to grow.
• Innovations in sterilization technology: The market is seeing a focus on the development of low-temperature sterilizers and sterilants aimed at improving target specificity, reducing toxicity, and combating antimicrobial resistance.

Challenges:

• Disadvantages of ETO sterilizers: The use of Ethylene Oxide (ETO) sterilizers presents significant challenges due to its carcinogenic nature, lengthy cycle times, and potential toxicity. This has prompted the exploration of alternatives such as hydrogen peroxide-based sterilizers.

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Key Players in the Market:

• 3M Co.
• ACMAS Technologies Pvt. Ltd.
• Andersen Sterilizers
• C.B.M. S.r.l. Medical Equipment
• Cantel Medical
• Cardinal Health Inc.
• Continental Equipment Co.
• Cosmed Group
• De Lama Spa
• Fortive Corp.
• Getinge AB
• Merck KGaA
• MMM Group
• Noxilizer Inc.
• Sotera Health Co
• Steelco SpA
• STERIS plc
• Stryker Corp.
• Systec GmbH and Co. KG
• Tuttnauer Israel Ltd.
• YATHERM SCIENTIFIC

Recent Developments:

• In February 2023, Aurabeat launched a Class 2 medical device for SARS-COV-2 disinfection, receiving FDA approval.
• Increased R&D activities are driving innovation in low-temperature sterilizers and sterile fluids, aimed at meeting the growing demand for sterilization in food and medical sectors.