Sterilization Equipment Market

Global Sterilization Equipment Market Size (2024 to 2032)

In 2023, the global sterilization equipment market was valued at USD 6.53 billion and it is expected to reach USD 13.72 billion by 2032 from USD 7.09 billion in 2024, growing at a CAGR of 8.6 % during the forecast period.

Sterilization is a filtration process that purifies viruses, bacteria, etc., in the fluids, medications, or biological culture media. Sterilization is necessary since deadly diseases like hepatitis and HIV are threatening many people's lives. High levels of sterilization achieved by heat find their application in sterilization food containers such as beer, milk, and fruit juice bottles.

MARKET DRIVERS

The rising incidence of tuberculosis and the growing aging population drive the global sterilization equipment market.

Tuberculosis is an infectious disease caused by bacteria and can be avoided with proper sterilization. According to the World Health Organization, tuberculosis is one of the leading causes of death worldwide and is likely to cause around 1.5 million people to die from the disease. The growing geriatric population across the globe is another factor boosting the market. According to the United Nations, by 2050, in countries like Europe and North America, the elder people population is expected to be more than 25%. In APAC and Latin America, medical device manufacturing growth has been increasing most importantly. In APAC, countries like India and China are huge exporters of pharmaceutical products in the market.

Additionally, the growth in hospital-acquired infections, rising focus on food sterilization and disinfection, growing outsourcing of sterilization services, expanding surgical procedures in hospitals, and the increasing predominance of chronic diseases propels the market growth. Furthermore, the government’s initiatives to improve the usage of sterilization equipment in hospitals and collaborations between the research centers and companies to expand their product portfolios are further significantly fuelling the growth of the sterilization equipment market. In addition, stringent rules and regulations by government authorities to use sterilization equipment to control the spread of the disease are likely to provide growth opportunities for the market.

In APAC, the sterilization market will showcase a CAGR of 8%, attributed to manufacturing, biotechnology, and pharmaceutical companies. In addition, in APAC, the population is aging in countries like China and Japan. In India, the market size accounts for 200 USD billion, attributed to the support related to reimbursement policies and increasing healthcare expenditure.

MARKET RESTRAINTS

One key factor hampering market growth is the high initial costs required for the installation and maintenance of sterilization equipment.

The complicated technologies that are being used in sterilization equipment are another notable attribute hindering the market growth. The scarcity of skilled professionals who can operate and maintain sterilization equipment, the stringent regulatory environment for sterilization equipment, and the presence of alternative options to sterilization equipment, such as chemical disinfectants or UV sterilization, are impeding the market growth. In addition, poor awareness levels among companies regarding the benefits of sterilization equipment and the slow adoption rate of sterilization equipment are showcasing a negative impact on the market’s growth rate.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Sterilization Equipment Market Analysis By Product

The low-temperature/high-temperature heat sterilization segment is expected to witness the fastest CAGR during the forecast period owing to the growing adoption of low-temperature/high-temperature heat sterilization equipment in dental clinics. In addition, the benefits of low-temperature/high-temperature heat sterilization equipment, such as the low risk of infection used to kill micro-organisms effectively, is another key factor boosting the segment’s growth rate. Furthermore, the growing adoption of steam autoclaves and dehydrogenation in pre-clinical services is favoring segmental growth. However, the segment lost market share during the forecast period due to fewer new entrants. Furthermore, heat sterilization is unsuitable for heat and moisture-sensitive devices. In addition, the sterilization process damages the equipment.

The ionizing radiation sterilization equipment segment accounted for a notable share of the worldwide market in 2023 and is predicted to grow at a healthy CAGR during the forecast period. The availability of computerized control systems, improved efficiency provided by ionizing radiation sterilization equipment, and developments in the healthcare sector are propelling segmental growth.

Global Sterilization Equipment Market Analysis By End User

Based on end-user, the food and beverage companies segment had the major share of the global sterilization equipment market in 2022 and the domination of the segment is anticipated to continue during the forecast period. The growth of the segment is majorly driven by the increasing consumption of canned and ready-made foods and the rapid adoption of technological developments. In addition, the growing number of initiatives by various governments to develop innovative and high-end technologies for enhancing food safety is boosting the growth rate of the segment.

On the other hand, the biotech and pharmaceutical companies segment is predicted to register the highest CAGR during the forecast period. Factors such as increasing demand for sterile pharmaceutical products, greater emphasis on quality control, and rising investments in research and developments by biotechnological and pharmaceutical companies are promoting the growth of the segment.

Global Sterilization Equipment Market Analysis By Consumables and Accessories

Based on consumables and accessories, the sterilization accessories segment had the largest share of the global market in 2023 and is estimated to grow at a promising CAGR during the forecast period. The rising incidence of healthcare-associated infections is promoting the demand for sterilization equipment and sterilization accessories and resulting in segmental growth. The rapid adoption of technological advancements to develop new and advanced sterilization accessories that are easy to use, efficient, and eco-friendly is fuelling the growth rate of the segment. Furthermore, the stringent regulatory environment for sterilization accessories and the recent COVID-19 pandemic have boosted the demand for sterilization accessories and resulted in segmental growth.

REGIONAL ANALYSIS

The North American market was the largest regional segment in the worldwide market in 2023 and the regional domination is estimated to continue during the forecast period. The growth of the North American market is majorly driven by the increasing demand for sterilization technologies to decrease the incidence of hospital-acquired infections and rising awareness among healthcare professionals regarding sterilization equipment. In addition, ongoing research in developing new drugs or vaccines for novel diseases is accelerating the growth rate of the North American market. During the forecast period, the U.S. followed by Canada is anticipated to hold the major share of the North American market.

Europe held a substantial share of the global market in 2023 and is estimated to grow at a noteworthy CAGR during the forecast period. Factors such as the increasing healthcare expenditure and growing patient count suffering from chronic diseases in Europe are propelling the European market growth. The recent COVID-19 pandemic has boosted the demand for sterilization equipment in the European region. Furthermore, the growing awareness among businesses to maintain hygiene in the work environments is contributing to the growth of the European market. The UK, Germany, and Spain are predicted to occupy a major share of the European market during the forecast period.

During the forecast period, the APAC market is predicted to register the fastest CAGR. The growing number of hospitals and clinics in the APAC countries, the increasing prevalence of infectious diseases, rising number of initiatives by governmental organizations to limit the spread of HAIs in hospitals are driving the market growth in the Asia-Pacific region. The presence of developing countries such as China and India is predicted to hold the leading share of the APAC market during the forecast period. The growing incidence of nosocomial infections in hospitals and surgery centers, the increasing number of pharmaceutical companies, and the rising usage of sterilization equipment in the food and beverages industry are promoting the APAC market growth.

Latin America is predicted to capture a considerable share of the worldwide market during the forecast period. Rising demand for medical devices and supplies, the increasing incidence of hospital-acquired infections, and the growing focus on infection control measures are driving the Latin American market growth. Brazil held the major share of the Latin American market in 2021 and is expected to continue its domination in the Latin American market during the forecast period. Other countries such as Mexico, Argentina, Chile, Colombia and Peru are predicted to showcase a healthy CAGR in the coming years.

The MEA sterilization equipment market is expected to grow at a moderate CAGR in the coming years.

KEY PLAYERS IN THE GLOBAL STERILIZATION EQUIPMENT MARKET

Companies playing a major role in the global sterilization equipment market profiled in the report are STERIS Corporation (U.S.), Getinge Group (Sweden), Advanced Sterilization Products (U.S.), 3M Company (U.S.), Belimed AG (Switzerland), Cantel Medical Corporation (U.S.), Anderson Products, Inc. (U.S.), Matachana Group (S.A.), MMM Group (Germany) and Sterigenics International, Inc. (U.S.)

New product launches, technological updates to the equipment, R&D collaborations, and partnerships were some of the strategies adopted by the key market players in the recent past to stay ahead in the market competition.

RECENT HAPPENINGS IN THE MARKET

• In April 2020, Steris received acceptance from the FDA for sterilizing the used respirators in hospitals. Hydrogen Peroxide vapor is filled in the sterilization chamber and cleans the exposed surface. According to the FDA, this STERIS V-PRO can sterilize ten respirators at once, too, in a short time, and every single ventilator can be processed up to 10 times for single users.
• In 2019, Gentige Group enhanced its product portfolio with a steam sterilizer called GSS610H.
• In 2018, TSO3 Company expanded its customer base by developing a STERIZONE VP4 sterilizer approved by U.S regulators.
• In 2017, the Cosmed Group expanded its product portfolio in the sterilization market to increase its revenue by acquiring Ethylene oxide contract sterilization operations developed by NAETO Company 2017.
• In 2016, Steris Corporation launched small steam sterilizers.

DETAILED SEGMENTATION OF THE GLOBAL STERILIZATION EQUIPMENT MARKET INCLUDED IN THIS REPORT

This research report on the global sterilization equipment market has been segmented and sub-segmented based on the product, end-user, consumables, accessories, and region.

By Product

• Low-Temperature/High-Temperature Heat Sterilization
• Filtration Sterilization Equipment
• Ionizing Radiation Sterilization Equipment

By End User

• Biotech and Pharmaceutical Companies
• Medical Device Companies
• Hospitals
• Food & Beverage Companies

By Consumables and Accessories

• Detergents
• Sterilization Accessories
• Sterilization Indicators
• Pouches
• Lubricants

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa