Sterilization equipment and disinfectants are essential in healthcare for procedures and providing protection and elimination of harmful bacteria, viruses and fungi. The sterilization equipment and disinfectants are used in hospitals, laboratories and clinics. Sterilizing equipment is used for sterilization of medical equipment and devices and disinfectants are used to disinfect medical devices and equipment for further use. The spread and increase in hospital acquired infections has led to medical professionals adapting stringent procedures for prevention by using sterilization equipment and disinfectants.
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Latest studies indicate a rise in the demand for sterilization equipment and disinfectants. Forecasts predict an expansion of 8.5% CAGR from 2013 to 2019, leading the market to reach a projected value of US$9,153.9 million in 2019.
There are many growth factors that drive the global sterilization equipment and disinfectants market. Increased cases of hospital acquired infections has led to medical professionals introducing stringent rules for use of medical equipment. This has led to increased use of sterilization equipment and disinfectants. Geriatric population increase, upsurge in number of surgeries, increased incidence of diseases such as cancer and tuberculosis, and increase in spending for healthcare expenses, and introduction of newer technologies are among the main market drivers for sterilization equipment and disinfectants.
Market restrainers for sterilization equipment and disinfectants are: strict government regulations, safety concerns, heavy excise duties on manufacturers of medical equipment, and shift toward the use of disposable medical devices.
The market for sterilization equipment and disinfectants can be classed into several segments and sub segments. By products, the market for sterilization equipment is composed of heat sterilization Heat sterilization market had the largest share globally and is set to expand at a robust CAGR of 8.5% till 2019. This method of sterilization is considered easy to use in comparison to other methods.
Heat sterilization is divided into autoclave and hot air oven. The autoclave segment is further subdivided by product which includes traditional autoclave and tabletop autoclave. Other segments are low temperature sterilization equipment which has been further segmented by technology segments. Radiation sterilization includes technology segments such as Gamma sterilization and E-Beam. Technological innovations in Gamma and E-Beam is expected to expand due to low costs and high product compatibility. Each of the segments are classified into sub segments related to the disinfection and sterilization processes.
By geography, the global sterilization equipment and disinfectants market is classified into North America, Europe, Asia Pacific, and Rest of the World. With a 40% market share, the North America sterilization equipment and disinfectants market dominated the global sterilization equipment and disinfectants market in 2012.
Rising demand for non-disposable surgical equipment such as forceps, endoscopy devices, and distracters are the factors responsible for the rapid growth of the North America sterilization equipment and disinfectants market. The Asia Pacific sterilization equipment and disinfectants market is predicted to be the fastest developing market during the forecast period, developing at a 10.90% CAGR.
Key players in the global sterilization equipment and disinfectants market have been introducing different sterilization products meant to be used for different applications. Some of the leading players in the global sterilization equipment and disinfectants market are Getinge Group, Nordion, Inc., Synergy Health Plc., STERIS Corporation, and Advanced Sterilization Products Services, Inc.
By application, the global sterilization equipment and disinfectants market is classified into medical devices, life sciences, and pharmaceuticals. Factors such as a rise in geriatric population and increase in the number of surgeries are predicted to boost the growth prospects of the global sterilization equipment and disinfectants market throughout the predicted period.
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