Sterilization Equipment Market was valued at USD 7.25 Billion in 2023 and is expected to rise from USD 7.6 Billion in 2024 to USD 10.55 Billion by 2031, at a CAGR of 4.8% during the forecast period (2024–2031).
Factors such as the use of catheters, inadequate hygiene in healthcare settings, and abuse of antibiotics can predispose patients to health-associated infections. Furthermore, increasing surgical procedure volumes is a driving factor that will help enhance the market’s growth. To maintain a healthy environment inside the clinic, cleanliness and hygiene must be maintained properly. In addition, to control the spreading of the COVID-19 virus, preventive measures must be taken. These factors are predicted to promote the use of sterilizing equipment in healthcare facilities. The rising prevalence of HAIs due to low hygiene and preventive measures is one of the prominent drivers for this market to increase in the given period.
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Emerging Low-Temperature Sterilization Techniques
The medical sanitization of biological specimens and medical equipment is the benefit of sterilization. Traditional methods are long, hot, and contain dangerous chemicals. Instances include ethylene oxide, heat sterilization, and hydrogen peroxide. Advanced low-temperature methods are being adopted by participants in the market to overcome the identified issues. These methods are ideal for temperature-sensitive products. In addition, robotic technology is used in sterilizing to increase productivity and decrease human error. Responding to this growing pattern in healthcare sterilizing through automation, ZETABANK Co., Ltd. launched several mobile, autonomous disinfection robots in January 2021.
Competitive Strategies Among Leading Sterilization Equipment Manufacturers
The major companies that have dominated the global sterilization equipment market are Cantel Medical, E-BEAM Services, Inc., STERIS plc, Fortive, and Sterigenics U.S., LLC. Companies are doing R&D to provide technologically superior products as a competitive advantage. Companies have now begun to expand their production capacity and diversify products and enhance their competitive edge through alliances, merging, or buying other businesses. For instance, in August 2021, ASP released the STERRAD VELOCITY, a biological indicator, into the market, which produces under 15 minutes. This was in efforts to make hydrogen peroxide sterilization more effective.
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Other Innovations Done by Key Players
- In August 2023, FDA 510(k) allowed the EO Sterility Change Master File Pilot Program’s first master file to Andersen Sterilizers and its sister company, Andersen Scientific, which is a contract sterilization expert.
- In March 2023, Getinge AB acquired Ultra Clean Systems Inc. This acquisition was aimed at ensuring that the North American product portfolio from the company would be fortified through this acquisition by the integration of ultrasonic cleaning technology from Ultra Clean Systems Inc. into its North American product portfolio.
- In September 2021, Steris bio-decontamination systems, also known as Vaporized Hydrogen Peroxide (VHP), were launched. Such releases were aimed at various applications in GMP biopharmaceutical, research, and medical device applications in reducing bioburden to a 6-log level.
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This report covers the following segments:
A. Product
- Sterilization instruments
- Consumables and Accessories
B. Service
- Ethylene Oxide Sterilization Services
- Gamma Radiation Sterilization Services
- Steam Sterilization Services
- X-ray Services
C. End User
- Hospitals And Clinics
- Biotechnology And Pharmaceutical Companies
- Medical Device Companies
- Food And Beverage Industry
- Others
This report covers the following players:
- Steris Corporation
- Getinge AB
- 3M Company
- Belimed AG
- Matachana Group
- MMM Group
- Cantel Medical Corp.
- Advanced Sterilization Products (ASP)
- STERIZON LLC
- Johnson & Johnson
- Sotera Health
- Tuttnauer
- MELAG Medizintechnik GmbH & Co. KG
- Sterigenics International LLC
- B. Braun Melsungen AG
Emerging Opportunities Within Global Sterilization Equipment Market
Of importance, the sterilizing equipment market is expected to expand remarkably soon due to a global concern regarding increased healthcare safety and sanitation. Sterilizing advanced technology development can help market participants differentiate themselves within a very competitive market against issues involving infection control and patient safety. This focus on high-tech solutions would be predicted to stimulate innovation and growth in the industry through 2031 and beyond.
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