Sterilization Equipment Devices Market Size was valued at USD 14.5 Billion in 2022. The Sterilization Equipment Devices market industry is projected to grow from USD 15.68 Billion in 2023 to USD 29.47 Billion by 2032, exhibiting a compound yearly growth rate (CAGR) of 8.20% during the forecast period (2023 - 2032). Increased emphasis on healthcare-associated infection (HAI) prevention and control and the prevalence of complex and sophisticated medical procedures are the prime market drivers enhancing the growth of market.
Source: The Primary Research, Secondary Research, MRFR Database and Analyst Review
Market CAGR for sterilization equipment devices is being driven by the rising emphasis on healthcare-associated infection (HAI) prevention and control. As healthcare systems globally prioritize infection prevention and control measures, the demand for reliable and advanced sterilization equipment has increased, shaping the trajectory of the market. Healthcare-associated infections create a serious threat to the safety of patients, leading to raised mortality, morbidity, and healthcare costs.
The growing awareness of the economic and human costs related to healthcare-associated infections fuels the market growth. Sterilization plays an essential role for preventing the transmission of pathogens via medical surfaces, instruments, and equipment, thereby minimizing the incidence of HAIs and their related economic burden. Regulatory bodies and healthcare accreditation organizations have also played a crucial role in fueling the adoption of sterilization practices.
The financial burden of treating infections acquired in healthcare settings is considerable, leading healthcare institutions to invest in broad infection control strategies. Stringent guidelines and standards for sterilization protocols are in place to make sure patient safety and compliance with healthcare regulations. This has boosted healthcare facilities to invest in state-of-the-art sterilization equipment and devices that meet or exceed these standards, creating a rising market for technologically advanced solutions.
Advancements in sterilization technologies have further fueled market growth. The development of innovative sterilization methods, like hydrogen peroxide vapor systems, low-temperature sterilization, and improved autoclaving techniques, has enhanced the efficiency and efficacy of the sterilization process. These technological advancements contribute to better infection control and also address challenges related to the sterilization of complex and delicate medical instruments.
The COVID-19 pandemic has also emphasized the critical importance of infection prevention in healthcare settings. The demand for sterilization devices has grown not only in traditional healthcare settings but also in non-traditional spaces, like temporary healthcare facilities and field hospitals, reflecting the adaptability and relevance of sterilization technologies in diverse healthcare scenarios. The increased awareness of the need for sterilization and disinfection to prevent the spread of infectious diseases has increased the adoption of sterilization equipment.
Furthermore, the globalization of healthcare and medical tourism has increased the reach of the sterilization equipment and devices market. Patients traveling across borders for medical treatments and procedures expect the same high standards of infection control as in their home countries. This contributed to a greater focus on implementing advanced sterilization protocols in healthcare facilities globally, fostering the demand for cutting-edge sterilization equipment. Thus driving the Sterilization Equipment Devices market revenue.
The Sterilization Equipment Devices market segmentation, based on type, includes Chemical Sterilizers, Physical Sterilizers, and Ultraviolet Sterilizers. The chemical sterilizer segment dominated the market, accounting for the largest market revenue due to their effectiveness and versatility in eliminating a wide spectrum of microorganisms. These sterilizers utilize different chemical agents, like hydrogen peroxide or ethylene oxide, penetrating complex medical instruments and equipment for ensuring disinfection.
The widespread adoption of chemical sterilization reflects its prime role in maintaining strict hygiene standards across diverse industries. The flexibility in application, compatibility with different materials, and ability to reach inaccessible areas make chemical sterilization a preferred choice in healthcare and industrial settings. Additionally, chemical sterilization often requires shorter cycle times compared to alternative methods, contributing to increased efficiency in operations.
Figure 1: Sterilization Equipment Devices Market, by Type, 2022 & 2032 (USD Billion)
Source: The Primary Research, Secondary Research, MRFR Database and Analyst Review
The Sterilization Equipment Devices market segmentation, based on end users, includes Pharmaceutical Companies, Hospitals and clinics, Medical Device Companies, Food and beverage Companies, and Others. The hospitals & clinics category dominates the market due to their important role in ensuring the safety of patients and avoiding the spread of infections. These healthcare facilities demand high-quality, reliable sterilization technologies to maintain strict hygiene standards in different medical procedures. Additionally, regulatory requirements and accreditation standards accredits the usage of approved sterilization methods, further fueling the adoption of these devices in hospitals and clinics. Further, the large volume of medical instruments and equipment used in healthcare settings requires robust sterilization solutions, generating a consistent demand for specialized devices.
By region, the study gives market insights into the North America, Europe, Asia-Pacific, and the Rest of the World. The North American Sterilization Equipment Devices market area dominates this market due to high healthcare spending, a well-established healthcare infrastructure, and strict regulatory standards. The strong emphasis of the region on infection control and the presence of prime market players contribute to its leadership in the sterilization equipment market.
Further, the primary countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, Japan, China, India, Australia, South Korea, and Brazil.
Figure 2: STERILIZATION EQUIPMENT DEVICES MARKET SHARE BY REGION 2022 (USD Billion)
Source: The Primary Research, Secondary Research, MRFR Database and Analyst Review
Europe's Sterilization Equipment Devices market accounts for the second-largest market share due to the stringent regulatory standards, rising focus on infection control, and the increasing demand for advanced healthcare technologies. Further, the German Sterilization Equipment Devices market held the largest market share, and the UK Sterilization Equipment Devices market was the fastest-growing market in the European region.
The Asia-Pacific Sterilization Equipment Devices Market is expected to grow at the fastest CAGR from the year 2023 to 2032. This is due to the surging awareness of infection control, healthcare infrastructure development, and a rising focus on patient safety. Moreover, China’s Sterilization Equipment Devices market held the largest market share, and the Indian Sterilization Equipment Devices market was the fastest-growing market in the Asia-Pacific region.
Sterilization Equipment Devices Key Market Players & Competitive Insights
Leading market players are investing heavily in the research and development in order to expand their product lines, which will help the Sterilization Equipment Devices market grow even more. Market participants are also undertaking different strategic activities to spread their footprint, with important market developments inclusive of new product launches, contractual agreements, higher investments, mergers and acquisitions, and collaboration with other organizations. To expand and survive in the more competitive and rising market climate, the Sterilization Equipment Devices industry must offer cost-effective items.
Manufacturing locally to minimize the operational costs is one of the key business tactics used by the manufacturers in the Sterilization Equipment Devices industry to benefit the clients and grow the market sector. In recent years, the Sterilization Equipment Devices industry has offered some of the most significant profits to medicine. Major players in the Sterilization Equipment Devices market, including STERIS, Getinge AB, 3M, Sotera Health, Fortive, Cardinal Health, Metall Zug Ag, Stryker, Merck KGaA, E-BEAM Services Inc., and others, are trying to increase the market demand by investing in the research and development operations.
STERIS Corporation is a leader in decontamination, infection prevention, and surgical and critical care technologies, offering a broad range of the products and services to support healthcare facilities globally. STERIS is popular for its innovative solutions designed to enhance patient safety and efficiency of healthcare operations. The company specializes in developing and manufacturing surgical tables, sterilization equipment, lighting, and other critical care technologies. STERIS plays a crucial role in advancing healthcare standards by offering state-of-the-art solutions that contribute to the prevention of infections and the overall improvement of healthcare outcomes. In June 2021, STERIS Corporation (US) acquired Cantel (US), a leading distributor of infection prevention products and services, inclusive of sterilization equipment and chemicals, strengthening the position of STERIS in the healthcare sterilization market and broadening its product portfolio.
Ecolab Inc., a leader in hygiene, water, and energy technologies and services, provides comprehensive solutions to industries globally. Headquartered in St. Paul, Minnesota, Ecolab serves diverse sectors like hospitality, food, healthcare, and beverage, energy, and industrial markets. The company is popular for its innovative products and services designed to optimize operational efficiency, ensure regulatory compliance, and promote sustainability. With an emphasis on water and resource conservation, Ecolab helps its customers achieve their environmental goals while maintaining the high standards of hygiene and safety. In July 2023, Ecolab Inc. (US) acquired Sterilox (Canada), a leading provider of hydrogen peroxide vapor sterilization technology, expanding the offerings of Ecolab in the healthcare sector and strengthening its position in the rising market for alternative sterilization methods.
Key Companies in the Sterilization Equipment Devices market include
Sterilization Equipment Devices Industry Developments
May 2023:Getinge AB (Sweden), a leading provider of healthcare equipment and solutions, partnered with Wipro Limited (India) to distribute Getinge's sterilization equipment and service solutions in India. This partnership focuses on tapping into the rising demand for sterilization equipment in the Indian healthcare sector.
July 2023:Sterisys (UK), a developer of hydrogen peroxide vapor (HPV) sterilization technology, partnered with Ebb Therapeutics (US) for the research and development of HPV sterilization solutions to the pharmaceutical industry, aiming to bring safer and more efficient sterilization methods to the pharmaceutical manufacturing process.
November 2023:Sterigenics International LLC (US), a provider of contract sterilization services, announced plans to build a new sterilization facility in Texas. This expansion reflects the growing demand for sterilization services in pharmaceutical and medical device industries.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 14.5 Billion |
| Market Size 2023 | USD 15.68 Billion |
| Market Size 2032 | USD 29.47 Billion |
| Compound Annual Growth Rate (CAGR) | 8.20% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, The Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, End User, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, Japan, China, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | STERIS, Getinge AB, 3M, Sotera Health, Fortive, Cardinal Health, Metall Zug Ag, Stryker, Merck KGaA, E-BEAM Services Inc. |
| Key Market Opportunities | Increasing prevalence of complex and sophisticated medical procedures. |
| Key Market Dynamics | Increased emphasis on healthcare-associated infection (HAI) prevention and control. |
Frequently Asked Questions (FAQ) :
The Sterilization Equipment Devices market size was valued at USD 14.5 Billion in 2022.
The market is foreseen to rise at a CAGR of 8.20% during the forecast period, 2023-2032.
North America had the biggest share in the market
The prime players in the market are STERIS, Getinge AB, 3M, Sotera Health, Fortive, Cardinal Health, Metall Zug Ag, Stryker, Merck KGaA, and E-BEAM Services Inc.
The chemical sterilizers category dominated the market in 2022.
The hospitals & clinics had the largest share in the market.
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Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
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