Sterilization Equipment Market Analysis By Product (Heat Sterilization, Filtration Sterilization, and Ionizing Radiation Sterilization), Technology and Key Players, Forecast To 2023
Global Sterilization Equipment Market will grow at CAGR of 7% over the forecast period between 2018 and 2023. Sterilization is a highly critical method or procedure in the healthcare landscape. It is used for controlling the microbial populations that can cause or affect the quality of the product. To control microbial growth, there are numerous sterilization techniques that are available for use in the market. The increasing instances of hospital-acquired infections, growing number of surgical-based procedures, growing awareness concerning food disinfection and sterilization are some of the significant factors that are expected to contribute to the overall growth of the market.
However, at the same time, strict government regulations, the high cost associated with the equipment, and the lack of awareness among the masses can dampen the growth of the global market in the forthcoming years.
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Market Segmentation
The global sterilization equipment market segmentation is based as per technology, product, end-user, and region.
By technology, the market includes vacuum, forced convention, gravity, steam, and natural convection.
By product, the market consists of ionizing radiation sterilization, heat sterilization, filtration sterilization, and low-temperature sterilization. The heat sterilization segment divides into moist heat and dry heat sterilization. The low temperature sterilization breaks down into hydrogen peroxide sterilization, ethylene oxide sterilization, and others. Whereas, the ionizing radiation sterilization segment includes gamma rays and electron beams.
By end-user, the market includes food & beverage industry, hospitals & clinics, pharmaceutical companies, medical device companies, and other end-users.
By region, the market covers Asia Pacific, Americas, Europe, and the Middle East & Africa.
Regional Analysis
The Americas are the most dominant region in the global sterilization equipment market and is expected to hold on to the same in the forthcoming years. This is due to the presence of a well-developed healthcare system, adoption of advanced forms of technology, rising number of surgical procedures due to the expanding geriatric population, and increasingly disciplined sterility guidelines.
The European regional market is the second-largest market in the global rankings and is expected to hold on to the position in the near future. Herein, the growth of the region can be attributed to the surging expenditure on the healthcare industry by the government and the growing number of research activities in the life sciences industry. Additionally, a growing percentage of road accidents is also aiding the market growth in the European region.
Asia Pacific is anticipated to be the fastest-growing market during the assessment period due to the increasing number of hospitals and research institutes in Asia, growing prevalence of chronic-based diseases, and a proliferating growth in the healthcare and biotech industry.
Lastly, the Middle East and Africa region is expected to witness the least share of the global market because of the underdeveloped healthcare industry, poor research and healthcare facilities, and lack of requisite technical knowledge.
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Key Players,
- Sotera Health
- 3M, STERIS PLC.
- Celitron Medical
- Technologies KFT
- LTE Scientific
- Advanced Sterilization Products (Division of Ethicon),
- Getinge AB,
- Cantel Medical.,
- Boekel Scientific,
- Midmark Corporation,
- Belimed,
- Anderson Products,
- Merck & Co
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