World Sterilization Equipment Market Study (2019-2024): Consumables & Accessories, Pharmaceutical Companies, and Asia-Pacific Lead their Segments, Respectively

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Dec 12, 2019, 12:00 ET

DUBLIN, Dec. 12, 2019 /PRNewswire/ -- The "Sterilization Equipment Market by Product & Services (Instruments (Heat, Low temperature), Consumables & Accessories (Indicators, Lubricant), Services (E beam, Gamma)), End User (Hospitals and Clinics, Pharmaceutical Companies)- Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The global sterilization equipment market size is projected to reach USD 12.5 billion by 2024 from USD 8.9 million in 2019, at a CAGR of 7%.

Growth in this industry is driven by the increasing number of surgeries performed, rising incidences of hospital-acquired infections, growth in the pharmaceutical and biotechnology industries, increasing outsourcing of sterilization services, and the growing focus on food sterilization and disinfection.

On the other hand, harmful effects of ethylene oxide and end user non-compliance to sterilization standards are the burning issues in this market. Additionally, e-beam sterilization and emerging economies are offering growth opportunities for players in the market.

The consumables and accessories segment is anticipated to grow at the fastest growth rate during the forecast period
The sterilization equipment market by product & services is categorized into instruments, consumables & accessories, and services. The consumables and accessories segment is expected to register the highest CAGR during the forecast period. The growth of this segment is mainly driven by the rising number of sterilization processes conducted, the growing importance of sterilization, and regulatory guidelines favoring the use of accessories.

The pharmaceutical companies segment is estimated to grow at a rapid rate during the analysis period
On the basis of end users, the sterilization equipment market is segmented into hospitals and clinics, medical device companies, the food and beverage industry, pharmaceutical companies, and other end users. The pharmaceutical companies segment is expected to remain the fastest-growing segment of the global sterilization equipment market during the forecast period. Factors such as growth in the number of pharmaceutical companies & contract manufacturers and the demand for sterilization equipment in the pharmaceutical industry are driving the growth of this segment.

Asia-Pacific is estimated to register the highest CAGR during the study period
Geographically, the sterilization equipment market is dominated by North America and followed by Europe in 2018. However, the Asia-Pacific region is estimated to grow at the fastest rate owing to an increasing number of hospitals and clinics, growing population, and government initiatives for infrastructural improvements of healthcare facilities.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Sterilization Equipment Market Overview
4.2 North America: Market, By Product & Service (2018)
4.3 Geographical Snapshot of the Sterilization Equipment Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Incidence of Hospital-Acquired Infections
5.2.1.2 Rising Number of Surgical Procedures
5.2.1.3 Rising Focus on Food Sterilization and Disinfection
5.2.1.4 Growth in the Pharmaceutical and Biotechnology Industries
5.2.1.5 Increasing Outsourcing of Sterilization Services
5.2.2 Opportunities
5.2.2.1 E-Beam Sterilization
5.2.2.2 Emerging Markets
5.2.3 Burning Issues
5.2.3.1 Harmful Effects of Ethylene Oxide
5.2.3.2 Non-Compliance to Sterilization Standards

6 Sterilization Equipment Market, By Product & Service
6.1 Introduction
6.2 Sterilization Instruments
6.2.1 Heat/High-Temperature Sterilization Instruments
6.2.1.1 Moist Heat/Steam Sterilization Instruments
6.2.1.1.1 Moist Heat Sterilization is One of the Oldest Heat Sterilization Techniques Used
6.2.1.2 Dry Heat Sterilization Instruments
6.2.1.2.1 Increasing Usage in Laboratory Glassware Sterilization Will Drive Market Growth
6.2.2 Low-Temperature Sterilization Instruments
6.2.2.1 Hydrogen Peroxide Sterilization Instruments
6.2.2.1.1 Hydrogen Peroxide Sterilization Instruments Dominate the Low-Temperature Sterilization Instruments Market
6.2.2.2 Ethylene Oxide Sterilization Instruments
6.2.2.2.1 Eto is Widely Used for Plastic Products/Packaging That May Be Discolored By Irradiation
6.2.2.3 Ozone-Based Sterilization Instruments
6.2.2.3.1 Cost Savings and Lack of Residue Have Made Ozone-Based Sterilization Popular Among Stakeholders
6.2.2.4 Formaldehyde Sterilization Instruments
6.2.2.4.1 Effectiveness of Formaldehyde Sterilizers to Sterilize Heat-Sensitive Goods is Expected to Boost the Market
6.2.2.5 Other Low-Temperature Sterilization Instruments
6.2.3 Ionizing Radiation Sterilization Instruments
6.2.3.1 Gamma Radiation Sterilization Instruments
6.2.3.1.1 Safety, Reliability, and High Effectiveness of Gamma Radiation Sterilization Have Driven Its Adoption
6.2.3.2 E-Beam Radiation Sterilization Instruments
6.2.3.2.1 E-Beam Radiation Sterilization Instruments Will Witness High Adoption in the Coming Years
6.2.4 Filtration Sterilization Instruments
6.2.4.1 Wide Use of Filtration Sterilization in Pharmaceutical and Food Industry Will Boost Market Growth
6.3 Sterilization Services
6.3.1 Ethylene Oxide Sterilization Services
6.3.1.1 Ethylene Oxide Sterilization Services Dominate the Sterilization Services Market
6.3.2 Gamma Radiation Sterilization Services
6.3.2.1 Increasing Use of Gamma Radiation Sterilization Services in the Life Science Industry Will Drive Market Growth
6.3.3 E-Beam Sterilization Services
6.3.3.1 E-Beam Sterilization Services to Register the Highest Growth During the Forecast Period
6.3.4 Steam Sterilization Services
6.3.4.1 Limited Application of Steam Sterilization has Affected Market Growth
6.3.5 Other Sterilization Services
6.4 Sterilization Consumables and Accessories
6.4.1 Sterilization Indicators
6.4.1.1 Chemical Indicators
6.4.1.1.1 Chemical Indicators Dominate the Sterilization Indicators Market, By Type
6.4.1.2 Biological Indicators
6.4.1.2.1 Biological Indicators Will Register the Highest CAGR in the Sterilization Indicators Market
6.4.2 Pouches
6.4.2.1 The Increasing Demand for Pouches is Attributed to Their Single-Use Nature and Short Shelf-Life
6.4.3 Lubricants
6.4.3.1 Increasing Number of Surgeries Have Driven Demand for Lubricants
6.4.4 Sterilization Accessories
6.4.4.1 Growing Awareness of Sterilization is Driving Demand for Accessories

7 Sterilization Equipment Market, By End User
7.1 Introduction
7.2 Hospitals & Clinics
7.2.1 Hospitals & Clinics are the Largest End Users of Sterilization Equipment
7.3 Medical Device Companies
7.3.1 Medical Devices are Primarily Sterilized Using Heat Sterilization & Low-Temperature Sterilization Methods
7.4 Pharmaceutical Companies
7.4.1 Growth in the Pharmaceutical Industry to Drive the Adoption of Sterilization Equipment
7.5 Food & Beverage Companies
7.5.1 Increasing Incidence of Foodborne Diseases to Support Market Growth
7.6 Other End Users

8 Sterilization Equipment Market, By Region
8.1 Introduction
8.2 North America
8.2.1 USD
8.2.1.1 The USD Will Dominate the North American Sterilization Equipment Market
8.2.2 Canada
8.2.2.1 Increasing Number of Procedures Will Drive Market Growth in Canada
8.3 Europe
8.3.1 Germany
8.3.1.1 Germany Accounts for the Largest Share of the European Sterilization Equipment Market
8.3.2 France
8.3.2.1 Rising Incidence of Hais Will Drive Market Growth
8.3.3 UK
8.3.3.1 Growing Patient Population and Rising Surgical Volume are Key Drivers for Market Growth
8.3.4 Italy
8.3.4.1 Rising Geriatric Population in Italy Will Support Market Growth
8.3.5 Spain
8.3.5.1 Growing Prevalence of Chronic Diseases is A Key Growth Driver in the Spanish Market
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.1.1 Growing Geriatric Population and Increasing Incidence of Chronic Diseases are Expected to Drive the Market in Japan
8.4.2 China
8.4.2.1 China to Account for the Largest Share of the APAC Market During the Forecast Period
8.4.3 India
8.4.3.1 Infrastructural Improvements and Rising Number of Hospitals are Driving Market Growth
8.4.4 Rest of Asia Pacific
8.5 Latin America
8.5.1 Brazil
8.5.1.1 Brazil Accounted for the Largest Share of the Latin American Sterilization Equipment Market
8.5.2 Mexico
8.5.2.1 Rising Disease Prevalence and Growing Geriatric Population are Contributing to Market Growth in Mexico
8.5.3 Rest of Latin America
8.6 Middle East and Africa
8.6.1 Healthcare Infrastructure Improvements to Support Market Growth in the Middle East

9 Competitive Landscape
9.1 Overview
9.2 Market Share Analysis, 2018
9.3 Competitive Scenario
9.3.1 Expansions
9.3.2 Product Launches/Approvals
9.3.3 Partnerships and Agreements
9.3.4 Acquisitions
9.4 Competitive Leadership Mapping (2018)
9.4.1 Visionary Leaders
9.4.2 Innovators
9.4.3 Dynamic Differentiators
9.4.4 Emerging Companies

10 Company Profiles
10.1 Steris Corporation
10.2 Getinge Group
10.3 Advanced Sterilization Products
10.4 3M Company Group
10.5 Belimed AG (a Metall Zug Group Company)
10.6 MMM Group
10.7 Matachana Group
10.8 Sotera Health
10.9 Cantel Medical
10.10 Cardinal Health
10.11 Tuttnauer
10.12 Andersen Products, Inc.
10.13 Steelco S.P.A.
10.14 Merck KGaA
10.15 Noxilizer, Inc.
10.16 DE Lama S.P.A.
10.17 Cosmed Group, Inc.
10.18 E-Beam Services, Inc.
10.19 Life Science Outsourcing, Inc.
10.20 Systec GmbH

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