Number of pages: 100 | Report Format: PDF | Published date: March 21, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
Report Attribute |
Details |
Market Size Value in 2022 |
US$ 2.92 billion |
Revenue Forecast in 2031 |
US$ 6.1 billion |
CAGR |
8.6% |
Base Year for Estimation |
2022 |
Forecast Period |
2023-2031 |
Historical Year |
2021 |
Segments Covered |
Product Type, End User, and Region |
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global steam autoclave market was valued at US$ 2.92 billion in 2022 and is expected to register a revenue CAGR of 8.6% to reach US$ 6.1 billion by 2031.
Steam Autoclave Market Fundamentals
The market is expected to grow significantly in the coming years, driven by factors such as the rising prevalence of hospital-acquired infections (HAIs), the growing focus on food safety, and the increasing demand for sterilization equipment due to the COVID-19 pandemic. The increasing number of hospitals and healthcare facilities in developing countries and the growing demand for efficient and reliable sterilization equipment are also driving the market.
North America is expected to dominate the market, followed by Europe and Asia Pacific. The increasing number of hospitals and healthcare facilities in developing countries, such as India and China, is expected to drive the revenue growth of the steam autoclave market in the Asia Pacific region.
Key players in the steam autoclave market include Tuttnauer, TESALYS Group, Astell Scientific, Belimed Deutschland GmbH, and BMM Weston Ltd. These companies are focusing on product innovation, mergers and acquisitions, and strategic partnerships to expand their market presence and stay competitive in the market.
A steam autoclave is a device that uses high-pressure saturated steam to sterilize equipment and materials. It is a machine that generates steam at a temperature of at least 121°C (250°F) and a pressure of at least 15 psi, which kills microorganisms such as bacteria, viruses, and fungi on items placed inside the autoclave. Steam autoclaves are commonly used in hospitals, dental offices, research facilities, and other settings where the sterilization of equipment and materials is critical. They effectively kill bacteria, viruses, fungi, and other microorganisms and are used to sterilize various items, including surgical instruments, laboratory glassware, and other equipment.
[76867]
Steam Autoclave Market Dynamics
The growing prevalence of HAIs drives the demand for sterilization equipment, including steam autoclaves, to prevent the spreading of diseases. The COVID-19 pandemic has increased demand for sterilization equipment, including steam autoclaves, for sterilizing medical and personal protective equipment. The usage of automation and robotics is becoming more prevalent in sterilization processes to improve efficiency and reduce the risk of human error, which is fueling the revenue growth of the steam autoclave market. Technological advancements in sterilization equipment, such as plasma and low-temperature sterilization, drive demand for these products. The need for portable autoclaves is rising, especially in emerging economies and remote areas where access to sterilization equipment is limited. Additionally, the growing number of hospitals and healthcare facilities in developing countries is driving the demand for sterilization equipment, including steam autoclaves, to ensure the safety and efficacy of medical procedures.
The food and beverage sector represents a substantial market for steam autoclaves, as there is a growing need for equipment that can guarantee the safety and integrity of food products. Furthermore, incorporating digital technologies is revolutionizing the steam autoclave market, introducing intelligent autoclaves that can monitor and optimize sterilization procedures in real time and use data analytics to enhance equipment performance and efficiency. Additionally, government regulations mandating the use of sterilization equipment in specific industries, such as healthcare and food processing, are propelling the steam autoclave market forward.
However, there are alternative sterilization technologies available that are more effective, which is restricting the steam autoclave market revenue growth. The regular maintenance and operating costs of steam autoclaves can be significantly high, hindering the steam autoclave market.
Steam Autoclave Market Ecosystem
The global steam autoclave market is analyzed from three perspectives: product type, end user, and region.
Steam Autoclave Market by Product Type
[92345]
Based on the product type, the global steam autoclave market is segmented into tabletop autoclaves, vertical steam autoclaves, horizontal steam autoclaves, and others.
The vertical steam autoclaves segment accounted for the largest revenue share of the steam autoclave market. Vertical autoclaves have a smaller footprint than horizontal autoclaves, making them ideal for use in facilities with limited space. They can also be installed in more locations due to their smaller size. Vertical steam autoclaves are designed in a way that allows for faster and more efficient sterilization compared to horizontal autoclaves. This is because steam can circulate more easily within the chamber, which results in better penetration and distribution of heat and steam, thus increasing the demand for vertical steam autoclaves. Vertical steam autoclaves are often more cost-effective as their simpler design reduces manufacturing costs. They are also less expensive to operate, requiring less energy to heat up and maintain the temperature. Vertical steam autoclaves can be used for various applications, such as sterilizing liquids, solids, and instruments. They are also commonly used in research and laboratory settings. Vertical steam autoclaves are easier to operate and maintain than horizontal autoclaves, which can have more complex systems. This is important for facilities that need to run multiple autoclaves simultaneously.
The tabletop autoclave segment is expected to have a considerable revenue share in the steam autoclave market. Tabletop autoclaves present a cost-effective alternative to larger models, which makes them a practical choice for smaller facilities with limited financial resources. These compact devices are user-friendly and provide a convenient option for facilities lacking ample space. Tabletop autoclaves can be positioned on a table or countertop and do not require dedicated rooms or significant floor space, making them suitable for various applications, such as sterilizing instruments, equipment, and laboratory glassware. They are commonly employed in veterinary clinics, dental offices, and smaller medical facilities.
Technological advancements have resulted in sophisticated tabletop autoclaves, with features such as touchscreen controls, automated cycles, and data logging capabilities. The demand for tabletop autoclaves is rising due to the increase in smaller medical facilities and the trend toward decentralized healthcare. This has led to a surge in demand for smaller, affordable autoclaves that can be utilized in diverse settings.
Steam Autoclave Market by End User
Based on end user, the global steam autoclave market is segmented into hospitals and clinics, pharmaceutical and biotechnology companies, and research and academic institutes.
The hospitals and clinics segment dominates the steam autoclave market with the largest revenue share. Hospitals and clinics require regular sterilization of a large volume of medical instruments. Steam autoclaves are the most efficient option, as they can handle many instruments. These settings have stringent sterilization standards to prevent the spread of infectious diseases. Steam autoclaves are considered the most effective and reliable method for sterilization, making them indispensable in such environments. In addition to instruments, hospitals and clinics have a diverse range of items that require sterilization, such as laboratory glassware and surgical equipment. Steam autoclaves are versatile and can be used for many applications, making them an ideal choice for these facilities. Due to their larger budgets and access to funding for equipment purchases, hospitals and clinics can invest in high-quality steam autoclaves that meet their specific needs.
The pharmaceutical and biotechnology companies segment is expected to experience a lucrative revenue growth rate during the forecasting period. Pharmaceutical and biotechnology companies are investing significantly in research and development. As part of this process, these companies often produce materials and equipment that must be kept free from contamination and meet strict purity standards. Steam autoclaves are indispensable in achieving this goal, providing reliable sterilization and quality control. The growing demand for pharmaceutical and biotechnology products worldwide, driven by aging populations and the increasing prevalence of chronic diseases, has further spurred demand for sterile materials and equipment. Steam autoclaves have continued this trend, becoming increasingly sophisticated with advanced features, such as touchscreen controls, automated cycles, and data-logging capabilities. Since the pharmaceutical and biotechnology industries are heavily regulated, steam autoclaves are essential for meeting regulatory requirements for sterilization. Thus, it is no surprise that these industries place a high value on quality control and choose steam autoclaves to achieve high sterilization levels and ensure the purity of materials and equipment.
Steam Autoclave Market by Region
Geographically, the global steam autoclave market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America is expected to account for the largest revenue share of the steam autoclave market. The growing demand for sterilization equipment from healthcare facilities and research institutions is due to the increasing prevalence of infectious diseases and the need for effective infection control measures, driving the North America steam autoclave market. Governments in North America are promoting the usage of sterilization equipment in various industries, creating a favorable regulatory environment for the revenue growth of the steam autoclave market. The market is also benefiting from the increasing sophistication of steam autoclaves, with advanced features attractive to end users looking for high-quality, efficient equipment. The growing number of North American hospitals, clinics, and other healthcare facilities, as well as investments in healthcare infrastructure and research institutions, are creating new opportunities for the steam autoclave market. Additionally, the growing demand for pharmaceuticals and biotechnology products, driven by factors such as aging populations and the increasing prevalence of chronic diseases, is further driving the revenue growth of the steam autoclave market in North America.
Steam Autoclave Market Competitive Landscape
The prominent players operating in the global steam autoclave market are:
Steam Autoclave Market Strategic Developments
The global steam autoclave market is expected to reach US$ 6.1 billion by 2031.
North America accounts for the largest market revenue share, followed by Europe. Asia Pacific is expected to be the fastest-growing region during the forecast period.
The prominent players in the global steam autoclave market are Tuttnauer, TESALYS Group, Astell Scientific, Belimed Deutschland GmbH, and BMM Weston Ltd.
The availability of alternative sterilization technologies and high maintenance and operating costs are restricting factors of the global market.
The hospitals and clinics segment dominates the global steam autoclave market.
*Insights on financial performance are subject to the availability of information in the public domain