Number of pages: 100 | Report Format: PDF | Published date: 18 November, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
The global sterilization equipment market was pegged at ~US$ 7.2 billion in 2021 and is expected to witness a CAGR of ~10.3% during the forecast period.
A technique for removal of biological agents, specifically transmissible ones, like bacteria, fungi, and unicellular eukaryotic organisms, is sterilisation. Other biological agents that can be sterilised include fluids, spore forms, and bacteria. In the medical field, sterilisation is a helpful operation, and the sterility and effectiveness of the sterilisation equipment is a key consideration. Lethal hepatitis and other health problems associated with the use of non-sterilized equipment highlight the need for efficient infection control. Equipment for sterilisation is often regarded as being the most crucial component of the healthcare environment. Additionally, the Ebola virus's widespread occurrence has highlighted the critical importance of a sanitary environment and proper management of medical institutions.
Catheter use, poor cleanliness standards in healthcare facilities, and excessive antibiotic use can all enhance a person's susceptibility to Hospital-acquired Infections (HAIs). Additionally, a significant element driving market expansion is an increase in the quantity of surgical procedures performed in clinics. To maintain a healthy environment in the clinic, proper cleanliness and hygiene must be upheld. Additionally, the development of preventative measures for restricting the disease's spread is necessary due to the spread of COVID-19. These elements are anticipated to propel clinic usage of sterilising equipment. Furthermore, a major driver projected to fuel market growth during the forecast period is the rising prevalence of HAIs brought on by poor sanitation and preventive measures.
The global sterilization equipment has been analysed from three perspectives by equipment, end user and region.
Sterilization Equipment Market by Equipment
Based on equipment, the global sterilization equipment has been segmented into high-temperature sterilization, low-temperature sterilization, filtration sterilization, and ionizing radiation sterilization. The high-temperature sterilization has been segmented into wet stem sterilization and dry sterilization whereas low-temperature sterilization has also been sub segmented into ethylene oxide, hydrogen peroxide, ozone, and others. The ionizing radiation sterilization is sub segmented into E-radiation sterilization, gamma sterilization and others. The high-temperature sterilization dominated the market during forecast period. The most popular and reliable sterilisation equipment is high temperature equipment. In most cases, high-temperature sterilisation is extremely microbicidal and harmless to users, employees, and the environment.
Sterilization Equipment Market by End User
Based on end user, the global sterilization equipment has been segmented into hospitals and clinics, pharmaceutical and biotechnology companies, education and research institutes, food and beverage industries and others. Due to the rising frequency of hospital-acquired infections (HAIs) and the increasing number of surgical operations, the hospitals & clinics sector dominated the market. In addition to these factors, the ageing population's increased risk for chronic diseases, the public's growing awareness of the need for high-quality care, the sudden increase in COVID-19 hospitalizations, and the decline in the financial burden of HAIs on the healthcare system all contributed to the market growth for this end-user segment.
Sterilization Equipment Market by Region
Based on region, the global sterilization equipment has been segmented into North America, Europe, Asia Pacific and Rest of the World. The forecast period anticipates the Asia-Pacific region to exhibit the fastest growth rate. Emerging infectious diseases brought on by pathogens with pandemic potential and multidrug-resistant (MDR) organisms (MDROs), as well as an increase in surgical operations, are contributing factors to the rise of this region. Leading biotech and pharmaceutical corporations' influence in the industry, together with increased R&D expenditures, are two factors that contribute to regional growth. In addition, the population of Asian nations like China and Japan is ageing. Many chronic diseases are more common in the elderly population. The demand for surgical treatments will therefore be driven by this demographic trend, which will also increase the demand for sterilisation equipment. Additionally, the largest increase in market size was in India, which can be attributed to favourable reimbursement policies and rising healthcare costs. Growing demand for medical services in India has led to the development of sterility technology that efficiently regulates patient health. The industry will increase as a result of numerous government programmes for the sterilisation and disinfection of surgical instruments used in healthcare institutions.
Some of the prominent market player in the global sterilization equipment include