Global Hospital Sterilization Equipment Market, By Instruments (High-Temperature Sterilization Instruments, Low-temperature Sterilization Instruments, Filtration Sterilization Instruments, Ionizing Radiation Sterilization Instruments, Sterilization Consumables and Accessories), Services (Ethylene Oxide Sterilization Services, Gamma Sterilization Services, E-Beam Sterilization Services, Steam Sterilization Services, and Others) – Industry Trends and Forecast to 2029.
Hospital Sterilization Equipment Market Analysis and Size
The market for hospital sterilization equipment is expected to grow at a CAGR of 8.70% during forecast period of 2022 to 2029. The growth in this market can be attributed to the growing demand for sterilization equipment from the medical sector and increasing awareness about hygiene and infection control.
Data Bridge Market Research analyses that the hospital sterilization equipment market which was USD 7.2 billion in 2021, would rocket up to USD 14.03 billion by 2029, and is expected to undergo a CAGR of 8.7% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Hospital Sterilization Equipment Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Instruments (High-Temperature Sterilization Instruments, Low -temperature Sterilization Instruments, Filtration Sterilization Instruments, Ionizing Radiation Sterilization Instruments, Sterilization Consumables and Accessories), Services (Ethylene Oxide Sterilization Services, Gamma Sterilization Services, E-Beam Sterilization Services, Steam Sterilization Services, and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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STERIS (U.S.), Getinge AB (Sweden), 3M (U.S.), Sotera Health (U.S.), Fortive (U.S.), Cardinal Health (U.S.), Metall Zug AG (Switzerland), Stryker (U.S.), Merck KGaA (Germany), MMM Group (Germany), MATACHANA GROUP (Spain), Tuttnauer (Netherlands), Andersen Sterilizers (U.S.), Steelco S.p.A. (Italy), Noxilizer, Inc. (U.S.), DE LAMA S.P.A. (Italy), Cosmed Group (U.S.), C.B.M. S.r.l. Medical Equipment (Italy), E-BEAM Services, Inc. (U.S.)
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Market Opportunities
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Market Definition
Biological agents such as bacteria, fungus, viruses, and other life forms are essentially eliminated and cleaned using sterilisation equipment. To eliminate and destroy any biological agents or microbial growth that involves any transmissible agents, sterilisation is a crucial medical procedure. Doing this can prevent hospital-acquired infections through medical instruments and maintain a sterile and hygienic environment for any surgical procedure.
Global Hospital Sterilization Equipment Market Dynamics
Drivers
- Rising demand of surgical procedures
Catheter use, poor cleanliness standards in healthcare facilities, and overuse of antibiotics are just a few examples of factors that can make people more susceptible to HAIs. Furthermore, one of the main drivers of market expansion is an increase in the quantity of surgical procedures performed in clinics.
- Usage of sterilisation equipments
To maintain a healthy environment in the clinic, proper hygiene and sanitation must be maintained. Additionally, the spread of COVID-19 necessitates implementing preventative measures to limit the disease's transmission. The use of sterilising equipment in clinics is anticipated to be influenced by these factors.
Opportunities
- Increasing Investments and Progress
The market is predicted to benefit greatly from the ongoing technological advancements in sterilising equipment. Numerous market expansion prospects will also be provided by the authorities' increasing investments as well as their focus on research and development to produce better safety and preventive measures.
Restraints/Challenges
- Huge Investments
On the other hand, the huge initial investments are expected to obstruct market growth.
- Stringent Regulations
There are various strict rules and regulations by government regarding the equipment approval. These stringent guidelines are projected to impede the market growth.
This hospital sterilization equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hospital sterilization equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Hospital Sterilization Equipment Market
The COVID-19 epidemic had a significant influence on the sterilisation equipment business. The COVID-19 outbreak significantly impacted the healthcare sector, as hospitals became overrun with patients. The emergence of COVID-19 has caused a boom in demand for sterilising supplies and services as a result of the rise in HAIs in hospital settings. Sterilization products and services are more in demand and more widely accepted due to the rising expense of healthcare and the rise in the number of temporary hospitals.
Recent Development
- In June 2021, In order to diversify its enormous portfolio of sterilising tools and services, STERIS purchased Cantel, a global provider of infection prevention products and services, through a US subsidiary.
- In October 2020, The Getinge Solsus 66 steam steriliser for hospitals and surgical instruments with higher capacity and operational reliability in comparison to previous sterilisers was introduced by Getinge.
Global Hospital Sterilization Equipment Market Scope
The hospital sterilization equipment market is segmented on the basis of instruments and services. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Instruments
- Heat Sterilization Instruments
- Moist Heat Sterilizers
- Dry Heat Sterilizers
- Low-temperature Sterilization Instruments
- Hydrogen Peroxide Sterilizers
- Ethylene Oxide Sterilizers
- Ozone-based Sterilizers
- Formaldehyde Sterilizers
- Other Low-temperature Sterilization Instruments
- Filtration Sterilization Instruments
- Ionizing Radiation Sterilization Instruments
- E-beam Radiation Sterilization Instruments
- Gamma Radiation Sterilization Instruments
- Sterilization Consumables and Accessories
Services
- Ethylene Oxide Sterilization Services
- Gamma Sterilization Services
- E-beam Sterilization Services
- Steam Sterilization Services
- Other Sterilization Services
Hospital Sterilization Equipment Market Regional Analysis/Insights
The hospital sterilization equipment market is analysed and market size insights and trends are provided by country, instruments and services as referenced above.
The countries covered in the hospital sterilization equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the hospital sterilization equipment market due to the rising prevalence of hospital-acquired infections in the region.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 owing to factors such as the growing need for controlling hospital-acquired infections and rising demand for non-disposable medical devices coupled with rising awareness about hygiene in hospitals and clinics.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hospital Sterilization Equipment Market Share Analysis
The hospital sterilization equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hospital sterilization equipment market.
Some of the major players operating in the hospital sterilization equipment market are:
- STERIS (U.S.)
- Getinge AB (Sweden)
- 3M (U.S.)
- Sotera Health (U.S.)
- Fortive (U.S.)
- Cardinal Health (U.S.)
- Metall Zug AG (Switzerland)
- Stryker (U.S.)
- Merck KGaA (Germany)
- MMM Group (Germany)
- MATACHANA GROUP (Spain)
- Tuttnauer (Netherlands)
- Andersen Sterilizers (U.S.)
- Steelco S.p.A. (Italy)
- Noxilizer, Inc. (U.S.)
- DE LAMA S.P.A. (Italy)
- Cosmed Group (U.S.)
- C.B.M. S.r.l. Medical Equipment (Italy)
- E-BEAM Services, Inc. (U.S.)
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