Sterilization Technologies Market Analysis

Global Sterilization Technology Market Overview

Sterilization Technology Market Size was valued at USD 7.21 Billion in 2023. The Global Sterilization Technology industry is projected to grow from USD 7.88 Billion in 2024 to USD 14.66 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.15% during the forecast period (2024 - 2032). Sterilization is a process that kills pathogens and ensures that a product has no microorganisms. The process includes different methodologies and technologies which are used for sterilization of equipment at the healthcare institutes. Sterilization can be done differently by including irradiation, high pressure, filtration, heat and chemicals. It is equivalent to pasteurization, sanitization, and disinfection. Most of the surgical and medical devices used in the pharmaceutical industry are made from materials prone to heat, which is essential for sanitization.

Various efforts are taken to improve sterilization to meet the needs caused by diverse product ranges in the different sectors. The technologies used for sterilization includes electronic beam radiation, thermal sterilization, gamma radiation, etc., to kill the microorganisms.

COVID-19 Analysis

Technologies in sterilization market will observe an exceptional CAGR growth during the forecast period 2023-2030. The COVID-19 outbreak took the sterilization technology market to a new level. There was a vast and constant demand for advanced healthcare systems, infrastructure, and, most notably, better services to treat the patients. To meet this rising demand globally, many companies have come forward to fulfil the demand and produce sustainable products to lessen the spread of COVID-19.

The number of healthcare facilities and surgical procedure are increasing every year. There are various sectors of sterilization market, which is still not fulfilled, which will cause an excellent opportunity for the key sterilization market players around the world.

Sterilization Technology Market Trends

Market Drivers

The sterilization technology market is driven mainly by the increased rate of infections, the rapid growth of biotechnological and pharmaceutical companies, increased medical procedure and advancement of technology in the sterilization market. Infectious diseases such as AIDS and innovation of medicines and initiatives taken by the government are also considered the primary sterilization market drivers of sterilization.

According to the World Health Organisation report, millions of people across the world are affected by HAI (Healthcare-Associated Infections) every year. This factor leads to a high mortality rate and substantial financial losses for the healthcare systems.  According to WHO, healthcare infection differs by around 5.7% in low income and 19% in medium-income countries. The rise in Healthcare-Associated infections is one of the drivers of the sterilization technology market. Gradual improvements to enhance technology to produce better medical devices and investments in Research and Development activities by the leading market players will also offer an excellent opportunity for the sterilization market to rise.

Opportunities

The market of sterilization technology is divided into three segments based on type- sterilization consumables and accessories, sterilization services, and sterilization instruments. The advancement in technology will open the opportunity to develop and reduce the chances of Hospital Associated Disease. Companies will focus on manufacturing advanced sterilized materials, which will help research institutions, surgical procedures and pharmaceuticals.

Restraints

The global sterilization Equipment market indeed has a promising future. Some restraints may hinder its development. High maintenance cost and replacements of sterilization equipment will be a significant problem for the sterilization market to grow. Thermal sterilizers need steam, water, and electricity to work efficiently.

Challenges

In the sterilization technology market, the traditional methods that use hot air or steam under pressure are still viewed as reliable techniques, providing better sterility. Other sterilization methods include ionizing radiation, filtration, and gases efficiently kill the microorganisms.

Stricter rules and regulations related to harmful gases are also the main factor. Active agents like formaldehyde are flammable, toxic, carcinogenic and explosive. They contain the potential to affect your health and environmental hazards. Governments in many countries have strict regulation due to the emission of greenhouse gases and safety issues.

Cumulative Growth Analysis

sterilization technology market is primarily driven by HAI (Hospital Acquired Infections). In the last few years, the number of surgical procedures has increased significantly. There is a massive demand for the development of sterilization technologies in the market.  It is expected that the sterilization market will have grown with a CAGR of 8.20%. The market price will reach United States Dollar 8,142 million by the year 2023.

Value Chain Analysis

The sterilization technology market is also associated with research institutes, pharmaceuticals and biotechnological companies, clinics, hospitals, beverage and food industry, etc. The biotech and pharmaceutical sectors accounted for around 25% of the total revenue in the year 2018. It was because of the constant demand for injections and vaccines. The development of technological cell procedures will be beneficial for sterilization products industry.

Sterilization technology market Size, by End User, 2017 & 2023 (USD Million)  

Source: MRFR Analysis

Sterilization Technology Market Segment Insights

The global market is divided into three segments-

• By Process


• By Type of Sterilization


• By End-user

Further, the global sterilization products market based on type is classified into ionizing radiation, filtration, thermal sterilization, etc.

The global market is segmented into – physiochemical, physical process, chemical process, synergetic process. Different types of compounds are used for sterilization of surfaces or articles in this process.

Sterilization Technology End User Insights

Segmentation based upon end-user, the market is divided into medical device manufacturers, clinics and hospitals, and the pharmaceutical industry. Primarily, the dominance of industries in the pharmaceutical sector is about 38.4%.  The estimated value of the pharmaceutical industry's contribution to the sterilization technology market is USD 194801 during 2017.

The efficient process of sterilization is very crucial in the pharmaceutical sector. Also, safety during the process and ensuring the final product largely depends on hygiene, stringent measures and regular checks.

Sterilization technology market, by Region, 2017 & 2023 (USD Million)  

Source: MRFR Analysis

Sterilization Technology Regional Insights

sterilization technology market based upon region is divided into-

• American Region


• Asia Pacific


• Europe


• The Middle East and African region

The countries in North America and South America have comprised the largest share in the market, which is about 40.1% during 2017. Also, it is estimated that it will lead to the sterilization technology market position due to a rise in the number of patients getting affected by chronic diseases, which is ultimately increasing the surgical procedures.

Europe has acquired the second position for its most significant share in the global market.  It is expected that the Asia-Pacific region will grow at the fastest rate with a CAGR of about 8.58%. It is because of the increasing demand for technological improvement and rise in population.

The growth of market in the Middle East and African region is slow because there is a lack of basic technology and awareness for the cure, prevention and medical facilities.

Competitive Landscape   

global sterilization technology market field is very progressive, but it is fragmented into various segments. Several prominent vital players have come up with new ideas and development in this field due to high demand. Many companies are acquiring or collaborating with already established critical players in the global market of sterilization.

In the year 2019, Stryker had acquired a Canada based sterilizer manufacturing company called TSO3. This acquisition helped Stryker to expand its business and over better and advanced sterilization services to the industry.

Here is the list of few competitive companies in the global market.

• Getinge Group (Sweden)


• MATACHANA Group (Spain)


• Feldmeier Equipment, Inc. (U.S.)


• 3M Company Group (U.S.)


• Sartorius AG (Germany)


• Belimed AG (Switzerland)


• Fortive Corporation (U.S.)


• Boekel Scientific,(U.S.)


• STERIS Corporation (U.S.)


• Continental Equipment Company (U.S.)


• Cosmed Group, Inc. (U.S.)


• Midwest Sterilization Corporation (U.S.)


• Life Science Outsourcing, Inc. (U.S.)


• MMM Group (Germany)


• E-BEAM Services, Inc. (U.S.)


• B.M. S.r.l. Medical Equipement (Italy)


• Andersen Products, Inc. (U.S.)

Recent Developments

In June 2017, Feldmeier Equipment, Inc. opened a new factory for manufacturing o sterilization equipment in Syracuse, New York.

The year 2018 June, Fortive Corporation announced its collaboration with renowned company Johnson's and Johnson's to acquire Advanced Sterilization Products (ASP) business, a part of Ethicon, Inc.

Report Overview

Sterilization technology market Report provides information on these topics-

• Market Overview


• COVID-19 Analysis


• Market Dynamics of


• Value chain analysis


• Regional analysis


• Segmentation of Market


• Competitive Analysis


• Key Market Players and Recent Development

Sterilization technology market Segmentation

Sterilization Technology Method Type Outlook

Ionizing Radiation Sterilization 

• Electron Beam Radiation


• Gamma Radiation


• Others (X-Ray)

 Filtration Sterilization

• Gas and Air


• Liquid

 Thermal sterilization

• Distillation


• Pasteurization


• Retorting


• Autoclaving


• Others

 Chemical and Gas Sterilization products

• Formaldehyde


• Ethylene Oxide


• Others

Sterilization Technology Services End-User Outlook

• Food and Beverage


• Medical Equipment


• Agriculture


• Pharmaceuticals


• Manufacturing


• Cosmetic


• Others

Sterilization Technology Regional Outlook

• Europe


• North America and South America


• Asia Pacific


• The Middle East and Africa