According to the new market research report “Sterilization Equipment Market (End User – Hospitals & Clinics, Scientific Institutes & Laboratories, Pharmaceutical Industry and Medical Device Manufacturers; Type – Steam Sterilizers (Autoclaves), Dry Heat Sterilizers, Heated Chemical Vapor Sterilizers, Gas Sterilizers and Others; Region – NA, EU, APAC, RoW;): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024.” The sterilization equipment market is projected to reach approximately USD 10.87 billion by 2024 from USD 6.87 billion in 2017, with a CAGR of 6.8% over the forecast period.
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Sterilization is the destruction of all forms of microbial life, including bacteria, viruses, fungi, and spores. It is achieved by steam, dry heat, ethylene oxide gas, and liquid chemosterilizers. This process of sterilization effectively eliminates or kills transmissible agents from a surface, equipment, foods, medications, or biological culture medium. In practice, sterility is achieved by exposure of the object to be sterilized to a physical or chemical agent for a specified time. The different agents used as sterilants are ionizing radiation, chemical liquids, elevated temperature, and gases.
Getinge Announced Global Launch of New GSS Steam Sterilizer Series for Life Science Industry
In May 2018 Getinge announced the worldwide launch of its flagship GSS steam sterilizer series, which is specifically designed for use by companies in the life science industry. The new GSS Steam Sterilizer for life sciences is available in two different versions – GSS R for biomedical research and GSS P for pharmaceutical production.
Drivers, Restraints & Opportunities
The growing number of surgeries, rise in prevalence of various diseases such as cancer and tuberculosis and an increase in a number of hospital-acquired/associated infections (HAI) driving the sterilization equipment market. However, changing trends toward the utilization of disposable medical devices is hindering the growth of the market. Moreover, E-Beam Sterilization and emerging markets provide an immense opportunity for the sterilization equipment market.
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Segmentation
The sterilization equipment market is segmented into type and end-user. On the basis of type the global sterilization equipment market is categorized into steam sterilizers (autoclaves), dry heat sterilizers, heated chemical vapor sterilizers, gas sterilizers, and others. On the basis of the end-user the global sterilization equipment market is categorized into hospitals & clinics, scientific institutes & laboratories, the pharmaceutical industry, and medical device manufacturers.
North America is the Largest Region for Sterilization Equipment Industry
Geographically, the sterilization equipment market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is the largest region for sterilization equipment market owing to the growing number of surgeries and increasing demand for sterilization technologies from the healthcare industry in this region.
Competitive Analysis
The key players in the sterilization equipment market are focusing on merger acquisition strategies to cater to the requirement of the market. For instance, Belimed has acquired Sterifast to enter the fast-growing low-temperature sterilization market. The major players operating in the market are Cardinal Health, Steris Corporation, Getinge Group, Belimed AG, Cantel Medical, Advanced Sterilization Products, Matachana Group, Sotera Health, and 3M Company Group.
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