Global Sterilization Equipment Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Technique;

Heat Sterilization, Low Temperature Sterilization, Filtration Sterilization, Radiation Sterilization and Liquid Sterilization.

By End User;

Hospitals, Pharmaceutical Companies, Medical Devices Companies, Clinical Laboratories/Research Centers and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn884739512 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Sterilization Equipment Market (USD Million), 2020 - 2030

In the year 2023, the Global Sterilization Equipment Market was valued at USD 3,987.62 million. The size of this market is expected to increase to USD 6,200.78 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 6.5%.

The global sterilization equipment market exhibits significant growth potential driven by factors such as the prevalence of hospital-acquired infections (HAIs), particularly in patients undergoing prolonged medical care, such as surgery. HAIs pose a substantial risk in various healthcare settings, including hospitals, clinics, and long-term care facilities, especially impacting vulnerable populations like the elderly, children, and individuals with weakened immune systems. Contributing to the demand for sterilization equipment are practices like catheter use, inadequate hygiene standards, and overreliance on antibiotics, all of which heighten susceptibility to HAIs.

The increasing number of surgical procedures performed in clinics is a major catalyst for market expansion. Ensuring proper hygiene and sanitation in these settings is paramount for maintaining a safe healthcare environment. The rise in chronic diseases, such as diabetes and cancer, is driving the need for effective sterilization solutions. The incidence of these diseases is escalating globally, with diabetes affecting millions worldwide and cancer remaining a leading cause of mortality, particularly prevalent in middle- and low-income countries.

Sterilization equipment plays a crucial role in mitigating the spread of infections by effectively cleaning and sterilizing medical equipment used in hospitals and other healthcare facilities. As the prevalence of chronic diseases continues to rise due to factors like antimicrobial resistance and unhealthy lifestyles, the demand for sterilization solutions is expected to persist. Addressing these healthcare challenges requires robust sterilization practices to safeguard patient well-being and mitigate the burden of infectious diseases and chronic conditions worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technique
    2. Market Snapshot, By End User
    3. Market Snapshot, By Region
  4. Global Sterilization Equipment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Surgical procedures
        2. Healthcare settings
        3. Chronic diseases
        4. Hygiene and sanitation
      2. Restraints
        1. Regulatory Challenges
        2. High Initial Costs
        3. Limited Access to Healthcare Facilities
        4. Environmental Impact
      3. Opportunities
        1. Emerging Markets
        2. Partnerships and Collaborations
        3. Product Diversification
        4. Focus on Automation
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Sterilization Equipment Market, By Technique, 2020 - 2030 (USD Million)
      1. Heat Sterilization
      2. Low Temperature Sterilization
      3. Filtration Sterilization
      4. Radiation Sterilization
      5. Liquid Sterilization
    2. Global Sterilization Equipment Market, By End User, 2020 - 2030 (USD Million)
      1. Hospitals
      2. Pharmaceutical Companies
      3. Medical Devices Companies
      4. Clinical Laboratories/Research Centers
      5. Others
    3. Global Sterilization Equipment Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. STERIS PLC.
      2. Sterigenics U.S., LLC
      3. Cantel Medical
      4. E-BEAM Services, Inc.
      5. Fortive
  7. Analyst Views
  8. Future Outlook of the Market

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