The global medical device sterilization market encompasses the processes and technologies employed to eliminate or control microbial life on medical devices, ensuring their safety and efficacy for patient use. Sterilization is a critical step in the manufacturing of medical devices, preventing infections and promoting healthcare safety. Various sterilization methods such as ethylene oxide, gamma radiation, and steam sterilization dominate the market. As the healthcare sector continues to grow globally, a need for an effective and efficient sterilization market.
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Data Bridge Market Research analyses that the Global Medical Device Sterilization Market which was USD 10,860.30 million in 2022, is expected to reach USD 16,928.62 million by 2030, and is expected to undergo a CAGR of 7.68% during the forecast period of 2023 to 2030. The increasing frequency of surgical interventions and medical procedures heightens the need for sterile instruments and devices. This sustained demand underscores the essential market requirement for efficient sterilization solutions, emphasizing the critical role such methods play in ensuring the safety and integrity of medical equipment in healthcare settings.
Key Findings of the Study
The increasing prevalence of healthcare-associated infections (HAIs) is expected to drive the market's growth rate
The escalating prevalence of healthcare-associated infections (HAIs) poses a substantial threat to patient safety, underscoring the pivotal role of medical device sterilization. The surge in HAIs intensifies the demand for robust sterilization methods, propelling the global market for medical device sterilization. As healthcare providers prioritize infection control measures, the need for efficient sterilization practices becomes paramount in safeguarding patients and enhancing overall healthcare quality, fostering continuous growth in the medical device sterilization market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Instruments, Reagents, and Services), Technology (Thermal Sterilization, Ionizing Radiation Sterilization, Filtration Sterilization, and Gas and Chemical Sterilization), End User (Pharmaceutical Companies, Hospitals, Clinics, Laboratories, Academic, and Research Institutes, Medical Device Manufacturers and Others), Distribution Channel (Direct Tenders, Retail Sales and Third-Party Distributor)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Peru, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E., Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa
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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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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The global medical device sterilization market is segmented on the basis of product, technology, end user and distribution channel.
- On the basis of product, the global medical device sterilization market is segmented into instruments, reagents, and services. The instruments segment is expected to dominate the market with a 51.02% market share because of the growing prevalence of chronic diseases
- On the basis of technology, the global medical device sterilization market is segmented into thermal sterilization, ionizing radiation sterilization, filtration sterilization, and chemical and gas sterilization. Thermal sterilization segment is expected to dominate the market with a 67.99% market share due to the growing number of surgeries and rising healthcare expenditure
- On the basis of end user, the global medical device sterilization market is segmented into pharmaceutical companies, hospitals, clinics, laboratories, academic and research institutes, medical device manufacturers, and others. The hospitals segment is expected to dominate the market with a 36.50% market share driven by the escalating demand for sterilizers in healthcare facilities
The hospitals segment of end user segment is anticipated to dominate the medical device sterilization market
The hospitals segment is expected to dominate the market with a 36.50% market share driven by the escalating demand for sterilizers in healthcare facilities. This trend underscores the crucial role of hospitals in propelling the growth of the medical device sterilization market.
- On the basis of distribution channel, the global medical device sterilization market is segmented into direct sales, retail sales, and third party distributor. The direct sales segment is expected to dominate the market with a 57.31% market share driven by the expanding geriatric population
The direct sales segment of direct sales segment is anticipated to distribution channel the medical device sterilization market
The direct sales segment is expected to dominate the market with a 57.31% market share driven by the expanding geriatric population. Direct sales are favored as they cater to the specific needs of the growing elderly demographic, influencing market leadership.
Major Players
Data Bridge Market Research recognizes the following companies as the major global medical device sterilization market players in global medical device sterilization market are 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.)
Market Developments
- In June 2023, Merck (known as MSD outside the U.S. and Canada) successfully finalized the acquisition of Prometheus Biosciences, Inc. As a result, Prometheus has become a fully-owned subsidiary of Merck, leading to the delisting and cessation of trading of Prometheus's common stock on the Nasdaq Global Market. This strategic move further strengthens Merck's position in the biosciences sector
- In 2021, STERIS announced that it had completed its acquisition with Cantel Medical. With this acquisition, STERIS will be able to complement and expand its customer base, product and service offerings, and global reach. This acquisition has augmented growth by increasing demand and sales of product
- In 2021, Sartorius opened a new Customer Interaction Center in Beijing to strengthen its footprint in China. With this expansion, the company would help in displaying the services and products to domestic customers. This has augmented the demand and sales of the products and aids in the company's revenue generation
- In 2020, STERIS's VHP LTS-V Low-Temperature Sterilizer received another FDA approval for a Customer application. This has continued to be a regulatory acceptable, proven, and reliable method for low-temperature sterilization for fulfilling ISO 14937 requirements. This approval has aided the company in increasing its revenue, thus further boosting market growth
Regional Analysis
Geographically, the countries covered in the global medical device sterilization market report are U.S., Canada, Mexico, Brazil, Argentina, Peru, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E., Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa
As per Data Bridge Market Research analysis:
North America is the dominant region in the global medical device sterilization market during the forecast period 2023-2030
North America dominates the global medical device sterilization market, propelled by major key players, robust healthcare infrastructure, high disposable income, and substantial healthcare expenditure. The region's well-developed healthcare sector underscores its leadership, with advanced sterilization practices meeting stringent regulatory standards. This dominance reflects North America's pivotal role in shaping the trajectory of the medical device sterilization market on a global scale.
Asia-Pacific is estimated to be the fastest-growing region in the global medical device sterilization market during the forecast period 2023-2030
Asia-Pacific is expected to dominate the global medical device sterilization market during the forecast period of 2023-2030. This dominance is fueled by increasing research and development activities, a surge in healthcare sector investments, and growing government support. The region's commitment to advancements in medical technology and healthcare infrastructure positions it as a key player in driving the growth of the medical device sterilization market on a global scale.
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