Industry Insights

The Global Sterilization Equipment Market size was worth USD 4.3 billion in 2016 which is anticipated to grow at a CAGR of more than 9.5% during the forecast period. Various factors, which led to such huge market growth, include increase in the aging population, rise in the number of surgeries conducted, and surging incidences of chronic diseases. Also, there are number of changes in the government policies and regulations which in a way is helping the sterilization equipment market to grow and advance. Such changes in the policies have resulted in increase in the adoption of sterilization equipment by various hospitals and diagnostic centers.

Similarly, increase in the number of government initiatives, which are stringent enough to ensure utmost quality of the product, is making way for the sterilization equipment market to grow. Advancement in technologies of sterilization equipment such as gamma ray filtration, radiation, microfiltration and many more have created wide scope for sterilization equipment in the food industry.

Government bodies of developing countries such as Japan, Mexico, and Brazil, are making huge investments to spread awareness about the application of sterilization equipment, and thereby focusing on quality and safety. Such equipment are mainly used for sterilization and disinfection before surgeries. In regions such as Latin America, Middle East and Asia Pacific, the market is witnessing increase in foreign investments, which is leading to revenue generation for the market.

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Technique Insights

The heat sterilization technique captured the largest market share in 2016 in which hydrated state is preferred more than dry state due to its greater reliability in use. It is estimated that the low temperature market segment is expected to grow at the highest CAGR due to compatibility with thermo-labile products, lesser complex in handling and monitoring. The introduction of various advancements in technology of the equipment for sterilization technique has led to better business expansion and penetration to various regions around the globe.

End User Insights

The hospital segment captured the largest market share in the year 2016, due to growing infection burden, rising number of surgeries performed, advancing technologies and rise in the number of patients being admitted. The ever-increasing need for quality assurance and quality control by pharmaceutical company in its manufacturing and storage processes resulted it to be the second largest segment in the global market.

Regional Insights

North America dominated the sterilization equipment industry having largest revenue share in 2016. Increasing incidences of disease caused by a number of infections, rise in the use of reusable surgical equipment, greater advancement in technology is leading to greater market share of the region.

Whereas, Asia Pacific is expected to exhibit the fastest growth during the forecast period due to increasing number of medical devices manufacturers in the region, rise in the incidences of infection, upsurge in the number of hospitals and potential scope of growth in the food and chemical industry.

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Competitive Insights

Some of the top companies operating in this industry are STERIS Corporation; Advanced Sterilization Products Services, Inc.; Getinge Group; 3M; Cantel Medical; Belimed; and others.

A huge pool of companies is focused towards advancing the sterilization equipment technology after thorough research and development in this sector. The most common strategy opted by companies are through mergers acquisitions and collaboration in order to gain the maximum market share in the industry.

Market Segment:

Sterilization equipment Technique Outlook (Revenue, USD Million, 2014 - 2025)

• Heat sterilization
• Low-temperature sterilization
• Filtration sterilization
• Radiation sterilization
• Liquid sterilization

Sterilization equipment End-user Outlook (Revenue, USD Million, 2014 - 2025)

• Hospitals
• Pharmaceutical companies
• Medical devices companies
• Clinical laboratories/research centers
• Others

Sterilization Equipment Market delivers a succinct analysis on industry size, regional growth and revenue forecasts for the upcoming years. The report further sheds light on significant challenges and latest growth strategies adopted by manufacturers who are a part of the competitive spectrum of this business domain.

Scope of Global Sterilization Equipment Market Reports –

Sterilization is the process of eliminating biological agents or any forms of lives, which include infectious agents such as fungi, bacteria, spore forms, unicellular eukaryotic organisms. Sterilization is a vital process in medical industry where maintenance of sterile environments is topmost priority. Disinfection of medical devices is very important to prevent the spread of chronic infectious diseases.  Growing demand from the end user industries along increasing number of surgeries performed at hospitals and clinics is anticipated to drive the demand for sterilization equipment market.

Global sterilization equipment market report is segmented on the basis of product, technology, end users and by regional & country level. Based upon product global sterilization equipment market is segmented into autoclave, hot air oven, low-temperature sterilizers, filter sterilization and ionizing radiation sterilization. Based on technology global sterilization equipment market is segmented in to gravity, vacuum, steam, forced convention and natural convention. Based on end users the market is segmented into pharmaceutical manufactures, diagnostic labs, medical device manufactures and others.

The regions covered in this sterilization equipment market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of sterilization equipment is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Key Players–

Some major key players for global sterilization equipment market are Steris, Getinge, Sotera Health, Advanced Sterilization Products, 3M, Belimed, MMM Group, Matachana Group, Cantel Medical, Cretex Companies, Medistri, COSMED Group, E-BEAM Services, Cantel Medical, Stryker Corporation, Centurion Medical Products and others.

Market Dynamics –

Growing demand for sterilization equipment’s in medical industry, upward population, increasing incidence of communicable diseases such as viral and bacterial infections are some of the key factors driving the growth of global sterilization equipment market. According to WHO, autoclaving or steam under pressure is one of the most successful disinfection methods representing bacteria, their spores, and viruses noninfectious and nonviable through this technique. However, in comparatively emerging economies and countries the high cost of sterilization equipment acts as a barrier for the growth of the sterilization equipment market. Moreover, with prominent consumption in cleaning and disinfecting container and packaging industry is expected to create significant opportunities during the forecast period.

The global sterilization equipment market is segmented into North America, Europe, Asia-Pacific and Rest of the World. North America dominates global sterilization equipment market. The growth in the region is attributed to the presence of technologically advanced healthcare sector and key players. According to International Trade Administration hospital and other public health institutions are principle purchasers of sterilization equipment’s and supplies in U.S. and Canada. More than 70 percent of medical equipment and supplies demand is from U.S. and Canada. The European market is expected to be second largest due to increasing government expenditures on healthcare and growing research activities in the life science sector. Moreover, Asia-pacific is anticipated to be the fastest growing market during the forecast period due to rapidly growing medical equipment industry in the region. In 2009, Japan based U.S. medical device manufacturers launched a new association called the American Medical Devices and Diagnostics Manufacturers Association. This association has currently more than 65 members companies in this region.

Key Benefits for Market Reports –

• Global Sterilization Equipment Market report covers in-depth historical and forecast analysis.
• Global Sterilization Equipment Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
• Global Sterilization Equipment Market report helps to identify opportunities in marketplace.
• Global Sterilization Equipment Market report covers extensive analysis of emerging trends and competitive landscape.

Sterilization Equipment Market Segmentation

By Product: Autoclave, Bench top Autoclave, Vertical Autoclave, Vertical Mobile Autoclave, Floor Standing Autoclave, Portable Autoclave, Hot Air Oven, Bench Top Hot Air Oven, Low-temperature sterilizers, Hydrogen peroxide sterilization, Ethylene oxide sterilization, Formaldehyde sterilization, Nitrogen Dioxide Sterilization, Ozone based medical sterilization, Superheated Water Spray Sterilization, Filter Sterilization, Ionizing Radiation Sterilization, Electron, X-Ray, Gamma

By Technology: Gravity, Vacuum, Steam, Forced convention, Natural convention

By End-Users: Pharmaceutical Manufacturers, Diagnostic Labs, Medical Device Manufacturers, Others

By Region:

North America, US, Mexico, Chily, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, South Korea, Japan, India, Southeast Asia, Latin America, Brazil, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa

Sterilization Equipment Market Key Players-

• Steris
• Getinge
• Sotera Health
• Advanced Sterilization Products
• 3M
• Belimed
• MMM Group
• Matachana Group
• Cantel Medical
• Cretex Companies

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Global Sterilization Equipment Market: By Product (Heat Sterilization, Low-Temperature Sterilization, and Others), by Technology (Gravity, Vacuum, Steam, Forced Convention), and by End-User (Pharmaceutical Companies and Others)–Global Forecast Till 2023

Market Highlights

Sterilization equipment are necessary to maintain the sterile conditions during research activities, manufacturing of pharmaceuticals and during medical procedures. The increasing geriatric population, a growing number of surgical procedures and increasing research and development activities in the healthcare sector are the major factors driving the growth of the global sterilization equipment market. Additionally, increasing R&D spending and aggressive strategies adopted by the top players, such as new product launches, are contributing to the growth of the market. For instance, in August 2018, Cantel Medical announced the acquisition of Stericycle's Controlled Environmental Solutions Business for USD 17 million, it is a leading provider of testing and certification, environmental monitoring and decontamination services for clean rooms, and other services related to regulatory compliance and quality control

Segmentation

The global sterilization equipment market has been segmented on the basis of product, technology, and end-user.

On the basis of product, the market has been classified as heat sterilization, low-temperature sterilization, filtration sterilization, ionizing radiation sterilization. The heat sterilization segment has been further divided into dry heat sterilization and moist heat sterilization. The Low-temperature sterilization segment has been further divided into ethylene oxide sterilization, hydrogen peroxide sterilization, and others. The ionizing radiation sterilization segment has been classified as electron beams and gamma rays.

The technology segment has been divided into steam, forced convention, vacuum, gravity, and natural convection. The market, by end–user, has been segmented into hospitals & clinics, research institutes, pharmaceutical companies, food & beverage industry, medical device companies, and other end–users.

Key Players

Some of the key players in the global sterilization equipment market are 3M, STERIS plc., Getinge AB, Sotera Health, Advanced Sterilization Products (Division of Ethicon), Belimed, Anderson Products, Boekel Scientific, Celitron Medical, Technologies Kft., Fedegari Autoclavi S.p.A., Cantel Medical., LTE Scientific, Merck & Co., Inc, Midmark Corporation, MMM Group, TSO3 INC., and SAKURA SI CO., LTD.

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equipment-market-6397

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Global Sterilization Equipment Market: By Product (Heat Sterilization, Low-Temperature Sterilization, and Others), by Technology (Gravity, Vacuum, Steam, Forced Convention), and by End-User (Pharmaceutical Companies and Others)–Global Forecast Till 2023

Market Highlights

Sterilization equipment are necessary to maintain the sterile conditions during research activities, manufacturing of pharmaceuticals and during medical procedures. The increasing geriatric population, a growing number of surgical procedures and increasing research and development activities in the healthcare sector are the major factors driving the growth of the global sterilization equipment market. Additionally, increasing R&D spending and aggressive strategies adopted by the top players, such as new product launches, are contributing to the growth of the market. For instance, in August 2018, Cantel Medical announced the acquisition of Stericycle's Controlled Environmental Solutions Business for USD 17 million, it is a leading provider of testing and certification, environmental monitoring and decontamination services for clean rooms, and other services related to regulatory compliance and quality control

Segmentation

The global sterilization equipment market has been segmented on the basis of product, technology, and end-user.

On the basis of product, the market has been classified as heat sterilization, low-temperature sterilization, filtration sterilization, ionizing radiation sterilization. The heat sterilization segment has been further divided into dry heat sterilization and moist heat sterilization. The Low-temperature sterilization segment has been further divided into ethylene oxide sterilization, hydrogen peroxide sterilization, and others. The ionizing radiation sterilization segment has been classified as electron beams and gamma rays.

The technology segment has been divided into steam, forced convention, vacuum, gravity, and natural convection. The market, by end–user, has been segmented into hospitals & clinics, research institutes, pharmaceutical companies, food & beverage industry, medical device companies, and other end–users.

Key Players

Some of the key players in the global sterilization equipment market are 3M, STERIS plc., Getinge AB, Sotera Health, Advanced Sterilization Products (Division of Ethicon), Belimed, Anderson Products, Boekel Scientific, Celitron Medical, Technologies Kft., Fedegari Autoclavi S.p.A., Cantel Medical., LTE Scientific, Merck & Co., Inc, Midmark Corporation, MMM Group, TSO3 INC., and SAKURA SI CO., LTD.

Access Report @ https://www.marketresearchfuture.com/reports/sterilization-equipment-market-6397

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