The latest report by IMARC Group, titled “Sterilization Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global sterilization equipment market size reached US$ 13.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.3 Billion by 2028, exhibiting a growth rate (CAGR) of 8.9% during 2023-2028.

Healthcare facilities rely heavily on sterilization technology to eradicate dangerous microbes like bacteria, fungus, viruses, and spores from surfaces and liquids. This indispensable instrument is used in many processes, including autoclaves, UV chambers, dry heat, steam, and liquid chemical processes, as well as clean-in-place (CIP) systems. Preventing the possibility of cross-contamination and guaranteeing the security of patients and employees are its main goals. By maintaining the sterility and cleanliness of medical equipment and establishing the hygienic and sterile environment necessary for surgical procedures, it helps avoid hospital-acquired infections. Medical devices are disinfected and their efficacy and hygiene are efficiently maintained by a variety of techniques, including immersion in peracetic acid, ozone, hydrogen peroxide gas plasma, and ethylene oxide (EO) gas. These days, many medical tools and devices are made of heat-sensitive materials like plastic. In order to properly disinfect medical equipment, a number of major firms are now producing low-temperature sterilization systems, such as ozone, hydrogen peroxide gas plasma, ethylene oxide (EO) gas, and peracetic acid immersion.

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Sterilization Equipment Market Trends and Drivers:

The abrupt COVID-19 pandemic breakout and rising hospitalization rates, along with the growing need for ventilators to support critically sick patients, are the main drivers of the global sterilization equipment industry. In addition, the market is growing because to the increasing need for hospital beds, intensive care units (ICUs), and isolation facilities, as well as the quick development of these facilities. Furthermore, there has been an increase in product demand due to the increased usage of sterilization equipment to prevent infections from dangerous substances within internal circuits and artificial airways. Other significant growth-inducing causes include the worldwide population's rapid rise and the rising prevalence of various infectious diseases. Furthermore, the growing number of surgical procedures is driving up sales of sterilizing equipment, which is helping to propel the market forward. In addition, market expansion has been accelerated by the food and beverage (F&B) industry's growing need for sterilizing equipment to clean packaging and containers. Furthermore, the market is growing due to consumers' growing desire for packaged food products as a result of busy lifestyles, demanding work schedules, and the growing tendency of nuclear families. The rate of product adoption has also increased as a result of the strict regulations that have been implemented by the governments of several nations governing the sterilization of devices in healthcare facilities. Further factors that are expected to propel the market include the increasing number of investments made by regulatory bodies, the surge in popularity of single-use consumer products, the increased emphasis that major players are placing on research and development (R&D) activities, and the ongoing advancements in sterilization equipment technologies.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product:

• Heat Sterilizers
  • Depyrogenation Oven
  • Steam Autoclaves
• Low-temperature Sterilizers
  • Ethylene Oxide Sterilizers
  • Hydrogen Peroxide Sterilizers
  • Others
• Sterile Membrane Filters
• Radiation Sterilization Devices
  • Electron Beams
  • Gamma Rays
  • Others

Breakup by End User:

• Hospitals and Clinics
• Medical Device Companies
• Pharmaceutical Companies
• Food and Beverages Industry
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Belimed AG (Metall Zug)
• Cantel Medical Corp
• E-BEAM Services Inc.
• Fortive Corporation
• Getinge AB
• H.W.Andersen Products Ltd.
• Matachana Group
• MMM Group
• Sotera Health Company
• STERIS plc
• Stryker Corporation
• Systec GmbH.

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