IMARC Group, a leading market research company, has recently released a report titled "Sterilization Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027." The study provides a detailed analysis of the industry, including the global sterilization equipment market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Sterilization Equipment Industry?
According to the report, The global sterilization equipment market reached a value of US$ 12.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 21.4 Billion by 2027, exhibiting a CAGR of 9.18% during 2022-2027.
What is Sterilization Equipment?
Sterilization equipment is used to disinfect devices and instruments, especially in the healthcare sector. They are also essential in reprocessing reusable medical instruments that have been contaminated by the biological fluids of patients. Due to this, sterilization equipment is widely used to prevent bacteria, fungi, viruses, and other biological agents to ensure the safety of staff and patients.
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What are the growth prospects and trends in the Sterilization Equipment industry?
The global sterilization equipment market is primarily driven by the increasing prevalence of hospital-acquired infections (HAIs) due to the lack of sanitation and preventive measures. Recently, with the onset of coronavirus disease (COVID-19), HAIs are widespread in surgical centers, hospitals, ambulatory surgical centers, and long-term care facilities. This has resulted in the growing demand for sterilization equipment across the globe. Besides this, the expanding pharmaceutical and biotechnology industries need these sterilization instruments to maintain a sterile processing environment for production and experimentation. Moreover, the increasing number of surgical procedures, rising prevalence of chronic diseases and launch of new product variants are some of the other factors that are expected to propel the market growth in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Heat Sterilizers
- Depyrogenation Oven
- Steam Autoclaves
- Low-temperature Sterilizers
- Ethylene Oxide Sterilizers
- Hydrogen Peroxide Sterilizers
- Sterile Membrane Filters
- Radiation Sterilization Devices
- Electron Beams
- Gamma Rays
Breakup by End User:
- Hospitals and Clinics
- Medical Device Companies
- Pharmaceutical Companies
- Food and Beverages Industry
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Belimed AG (Metall Zug)
- Cantel Medical Corp
- E-BEAM Services Inc.
- Fortive Corporation
- Getinge AB
- H.W.Andersen Products Ltd.
- Matachana Group
- MMM Group
- Sotera Health Company
- STERIS plc
- Stryker Corporation
- Systec GmbH.
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