USD 6.92 billion
Sterilization Equipment Market Size, Share, Growth Analysis, By Services(Ethylene Oxide Sterilization Services, Gamma Radiation Sterilization Services, Steam Sterilization Services, and X-ray Services), By Product(Sterilization Instruments, Consumables & Accessories), By End User(Hospitals And Clinics, Biotechnology and Pharmaceutical Companies, Medical Device Companies, Food and Beverage Industry), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35G2113 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
65
|Figures:
80
Sterilization Equipment Market Insights
Sterilization Equipment Market size was valued at USD 7.25 Billion in 2023 and is poised to grow from USD 7.6 Billion in 2024 to USD 11.06 Billion by 2032, growing at a CAGR of 4.8% during the forecast period (2025-2032).
The surging incidence of hospital acquired infections and rising awareness regarding the importance of sterilization are predicted to primarily drive the demand for sterilization equipment over the coming years. Growing investments in the development of novel sterilization technologies and the rising adoption of the same by multiple healthcare institutions will also promote market growth going forward. Imposition of stringent mandates to ensure proper sterilization in all industry verticals to promote public health will also uplift the sales of sterilization equipment across the study period and beyond. Rapidly expanding healthcare infrastructure and growing hospitalization around the world are also estimated to provide new opportunities for sterilization equipment companies in the future. On the contrary, the high costs of sterilization equipment, the risk of damage to medical equipment due to certain sterilization techniques, and stringent regulations for product approval are slated to be key constraints for market growth in the future.
US Sterilization Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024–2031
Global Market Size
Largest Segment
sterilization instrument,
Fastest Growth
sterilization instrument,
Growth Rate
4.8% CAGR
Global Sterilization Equipment Market 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
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Sterilization Equipment Market Segmental Analysis
The Sterilization Equipment Market is segmented based on Product, Services, End User, and Region. Based on Product, market is sub segmented into the Sterilization Instrument, Consumable and Accessories. Based on Service, the market is sub segmented into the Ethylene Oxide Sterilization Services, Gamma Radiation Sterilization Services, Steam Sterilization Services, And X-Ray services. Based on End Users, the market is sub segmented into the Hospitals and Clinics, Biotechnology and Pharmaceutical Companies, Medical Device Companies, Food and Beverage Industry and Others. By Region, the market is segmented into North America, Latin America, Europe, Asia-Pacific, and MEA.
Analysis by Product
Sterilization instruments are forecasted to account for a dominant share of the global sterilization equipment market. High demand for sterilization and growing use of advanced sterilization technologies in these instruments are helping this segment hold a substantial market share. Growing availability of affordable heat/high-temperature sterilization instruments and low-temperature sterilization instruments is also estimated to aid the dominance of this segment in the future. Rising sales of refurbished sterilization equipment in developing countries is also expected to help this segment bring in more revenue going forward.
On the other hand, the demand for consumables and accessories is slated to increase at a notable pace over the coming years. More sterilization procedures being performed around the world are expected to promote market growth via this segment. Growing demand for sustainable sterilization is expected to create new opportunities for sterilization consumable manufacturers as they can boost their revenue with eco-friendly consumables.
Analysis by End User
Hospitals and clinics are projected to account for a prominent chunk of the global sterilization equipment market share. Rising awareness regarding the importance of hygiene in hospitals and growing incidence of hospital acquired infections are expected to help boost sales of sterilization equipment in this segment. Moreover, the growing number of hospitals and clinics around the world owing to high healthcare infrastructure development investments will also aid the dominance of this segment going forward.
Meanwhile, the demand for sterilization equipment in pharmaceutical and biotechnology companies is slated to increase at a robust pace across the study period. Increasing pharmaceutical manufacturing activity and rising demand for sterilization in various pharmaceutical and biotechnology applications are helping this segment emerge as the fastest growing one. Growing investments in research by these companies will also create new business scope for sterilization equipment providers in the long run.
Global Sterilization Equipment Market By product 2021 (%)
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Sterilization Equipment Market Regional Insights
North America is projected to account for a dominant share of the global sterilization equipment market. The presence of a developed healthcare infrastructure, high awareness regarding importance of sterilization, and presence of a strict regulatory framework are helping this region account for a dominant market share. Moreover, the presence of key sterilization equipment manufacturers and pharmaceutical companies will also boost sterilization equipment sales in this region. Canada and the United States are forecasted to be the leading markets for sterilization equipment providers in the North America region through 2031.
Rising investments in healthcare infrastructure development and growing awareness regarding hygiene and safety are helping Asia-Pacific become the most opportune market in the world. Availability of low-cost manufacturing and labor in this region is also attracting sterilization equipment manufacturers. China, Japan, and India are estimated to be the leading markets for sterilization equipment companies looking to make a mark in this region. Rise in prevalence of infectious diseases and growing availability of novel sterilization technologies are also expected to create rewarding business scope for market players across the study period and beyond.
Global Sterilization Equipment Market By Geography, 2021-2030
- Largest
- Fastest
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Sterilization Equipment Market Dynamics
Drivers
Increasing Incidence of Hospital Acquired Infections
- High incidence of hospital acquired infections around the world is pushing healthcare establishments to opt for sterilization equipment. Rising awareness regarding hospital acquired infections is also expected to play a crucial role in driving sales of sterilization equipment in the long run.
Imposition of Stringent Mandates
- As people become more aware of the benefits of sterilization, regulatory authorities and governments are also trying to impose strict sterilization regulations to promote health and safety. Imposition of norms that necessitate the use of sterilization equipment will also benefit the market growth in the future.
Restraints
High Costs of Procurement and Operation
- Purchasing sterilization equipment is an expensive feat for most healthcare establishments as this equipment utilizes advanced sterilization technologies. Moreover, the equipment also has high maintenance and operation costs, that make it more expensive and unaffordable for establishments with limited spending potential and thereby slow down market development.
Risk of Damage to Medical Equipment
- Some sterilization methods, such as high-temperature steam sterilization, can damage sensitive medical instruments and pharmaceutical products. The limited suitability of certain methods of sterilization for delicate items can impede sales of sterilization equipment in the future.
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Sterilization Equipment Market Competitive Landscape
Utilizing advanced technologies such as artificial intelligence and machine learning could also provide attractive business scope for sterilization equipment providers in the future. Developing affordable and advanced sterilization equipment should be the prime focus of sterilization equipment companies if they want to maximize their sales. Targeting developing countries with increasing emphasis on healthcare infrastructure development will also offer good returns for market players in the long run.
Top players company profiles
- Steris Corporation
- Getinge AB
- 3M Company
- Belimed AG
- Matachana Group
- MMM Group
- Cantel Medical Corp.
- Advanced Sterilization Products (ASP)
- STERIZON LLC
- Johnson & Johnson
- Sotera Health
- Tuttnauer
- MELAG Medizintechnik GmbH & Co. KG
- Sterigenics International LLC
- B. Braun Melsungen AG
- Beta Star Life Science Equipment
- Anderson Products Inc.
- E-Beam Services, Inc.
- CISA Group
- Consolidated Sterilizer Systems
Recent Developments
- In March 2024, a new line of sterilizers was launched by a subsidiary of Syntegon. Schoeller-Bleckmann Medizintechnik (SBM) with its expertise of around 50 years in sterilization provides shorter delivery times with its new sterilization products.
- Back in August 2022, a new fully automated sterilization system was launched in the Indian market. Krishna Engineering was behind the launch of this new steam sterilizer for the food and beverage industry.
- In March 2022, Datasea Inc. introduced the Ultrasonic Sound Sterilization and Antivirus Equipment that targets various applications and had plans to foray into the United States market with the launch of series of acoustic intelligence products.
Sterilization Equipment Key Market Trends
- Development of Automated Equipment: Sterilization equipment manufacturers can focus on automated sterilization through artificial intelligence and machine learning. Automation is becoming a key trend in hospital and pharmaceutical sterilization processes., which also helps in reducing errors and maximizing efficiency of the process.
- Incorporation of Sustainability: Sterilization equipment companies can focus on the development of sterilization techniques and products that are sustainable and eco-friendly. Methods such as plasma sterilization and ozone-based sterilization are emerging as more sustainable alternatives to traditional techniques.
Sterilization Equipment Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing awareness regarding hospital acquired infections and advancements in sterilization technologies are projected to drive sterilization equipment market growth over the coming years. On the contrary, high costs of operation and procurement and risk of damage to medical equipment are slated to be key restraints for market growth in the future. North America is estimated to lead the demand for sterilization equipment across the forecast period owing to presence of a strong regulatory infrastructure mandating the use of sterilization in healthcare and other verticals. Development of automated sterilization equipment will pay off big time for market players going forward.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 7.25 Billion |
| Market size value in 2031 | USD 10.55 Billion |
| Growth Rate | 4.8% |
| Base year | 2023 |
| Forecast period | 2024–2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Sterilization Equipment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Sterilization Equipment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Sterilization Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sterilization Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sterilization Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sterilization Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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