Global Sterilization Equipment Market: Projected to Reach $30.71 Billion by 2031
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Meticulous Research®, a distinguished market research firm, has
recently published an in-depth report titled, "Sterilization
Equipment Market by Offering (Equipment [Heat {Moist (Gravity,
High-speed), Dry (Static Air, Forced Air)}, Low-temperature {Gas Plasma,
Ozone, Formaldehyde}, Radiation, Filtration], Services [Gamma, Steam]), End
User - Global Forecast to 2031."
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The
latest publication from Meticulous Research® forecasts the global
sterilization equipment market to soar to $30.71 billion by 2031, achieving a
compound annual growth rate (CAGR) of 8.3% from 2024 to 2031. The market's
robust expansion is fueled by factors such as the rising incidence of
hospital-acquired infections, an increasing number of surgical procedures, and
heightened demand for sterilization within the food industry to combat
food-borne illnesses. Moreover, advancements like the adoption of e-beam
sterilization, escalating demand in emerging markets, and the rising use of
supercritical CO2 sterilization technology in the medical device sector
present significant opportunities for market growth.
Despite
these growth drivers, challenges such as non-compliance with sterilization
standards in healthcare settings and concerns over the safety of reprocessed
instruments pose potential obstacles. Additionally, the harmful effects of
ethylene oxide present further restraint to market expansion.
Key
Market Participants: The report profiles prominent players in
the sterilization equipment market, including:
- STERIS plc. (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 AG
(Switzerland)
- Benchmark Scientific,
Inc. (U.S.)
- Andersen Sterilizers,
Inc. (U.S.)
- Steelco S.P.A. (Part
of Miele & Cie. Kg) (Italy)
Market
Segmentation: The sterilization equipment market is
segmented by offering, end user, and geography:
- Offering:
The market is divided into equipment, services, and consumables &
accessories. The equipment category encompasses heat/steam sterilization
equipment (moist and dry heat sterilizers), low-temperature sterilization
equipment, radiation sterilization equipment, and filtration
sterilization equipment. Services include ethylene oxide, gamma, e-beam,
and steam sterilization services. Consumables and accessories cover
sterilization indicators, sterilants, and instrument packaging.
In 2024, the equipment segment is expected to dominate the market,
driven by its effectiveness in sterilizing reusable medical and surgical
instruments and other materials necessary for maintaining microbial-safe
environments.
- End User:
The market is segmented into hospitals & clinics, medical device
companies, the food & beverage industry, and other end users.
Hospitals & clinics are projected to hold the largest market share in
2024, propelled by increasing hospital admissions, rising
hospital-acquired infection rates, and the growing demand for
high-quality healthcare facilities.
- Geography:
North America is anticipated to command the largest market share in 2024.
Contributing factors include increased healthcare expenditure, the
thriving pharma & biotech industries, a growing elderly population
with chronic diseases, and governmental initiatives to reduce
hospital-acquired infections and promote effective sterilization
practices.
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