According to a report published by Allied Market Research, the global sterilization technologies market size is projected to reach $12.7 billion with a considerable CAGR from 2021 to 2030. The North America is currently holding the highest market share, due to presence of key market players in the region. Also, a significant increase in demand for sterilization technologies from the healthcare industry and rise in number of surgical procedures performed are driving the growth of the market in North America. The Asia-Pacific region, at the same time, is expected to manifest the fastest growth rate, attributed to growth of government focus on the healthcare sector, favorable regulatory reforms, and surge in prevalence of chronic diseases.
Sterilization Technologies Market by Type (Chemical and Gas Sterilization, Filtration Sterilization, Ionizing Radiation Sterilization, and Thermal Sterilization) and End User (Pharmaceuticals, Medical Devices, Food and Beverages, Agriculture, Cosmetic, Manufacturing, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030.
For Right Perspective, Download Sample PDF at:
Rise in number of hospital-acquired infections, growth in the geriatric population, expansion of the processed food & beverage market, and increase in adoption of sterilization technologies in medical and cosmetic industries drive the growth of the global sterilization technologies market. However, increase in regulatory pressures, high installation and utility costs associated with sterilization technologies, and introduction of disposable devices, such as syringes, bandages, sutures, and gowns, impede the market growth. On the contrary, R&D activities by key leading players and continuous advancements in the medical device industry are expected to create lucrative opportunities in the industry.
COVID-19 scenario-
- The outbreak of COVID-19 is expected to impact the growth of the global sterilization technologies market positively. The rapid spread of COVID-19 boosted the demand for sterilization equipment and services due to rise in cases of HAIs in hospital settings.
- The rise in healthcare expenditure due to the Covid-19 outbreak and increase in number of temporary hospitals are propelling the growth of the market.
- Factors such as rise in demand for hospital beds and intensive care units (ICUs), the expansion of isolation facilities, and increased consumer awareness of sterilizing products and services for medical devices and single-use products have all fuelled sterilization products and service demand.
Do You Have Any Query Or Specific Requirement? Ask to Our Industry Expert:
The synthetic and gas cleansing fragment to rule by 2030-
Side-effect, the substance and gas sanitization fragment represented the greater part of the worldwide disinfection advancements piece of the pie in 2020, and is expected to hold its predominance all through the figure period. This is attributable to their viability in cleaning the reusable clinical instruments, careful instruments, and different materials expected for different microbial-safe conditions. The ionizing radiation sanitization fragment, nonetheless, would grandstand the quickest CAGR of 6.2% by 2030. The report likewise incorporates an investigation of filtration disinfection and warm sanitization portions.
Additionally, the flare-up of the Coronavirus pandemic has expanded the development of the worldwide sanitization advancements market in more than on manner. Because of huge number of patients, clinics confronted a ton of difficulties, particularly in the underlying time frame. Such countless brief emergency clinics were moved toward tackle the disturbed medical care framework and to manage the developing weight of the pandemic, which thusly, has expanded the interest for disinfection gadgets and administrations. The pattern in going to proceed with post pandemic also.
With this float ready, Sterigenics resumed its cleansing plant in the U.S. for 21 days to disinfect PPE for medical services laborers during the Coronavirus pandemic. The cleansing plant depends on ethylene oxide. Here, it is worth focusing on that with such turns of events, worldwide cleansing advances market is supposed to fill dramatically in the years to come.
Key players in the industry-
- AtecPharmatechnik GmbH
- Advanced Sterilization Products Services Inc.
- Sterile Technologies Inc.
- Belimed AG
- Nordion Inc.
- Stryker Corporation.
- Getinge Group
- Noxilizer, Inc.
- Steris Plc.
- The 3M Company
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.