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 2024-2031

Global Sterilization Equipment Market was valued at USD 7.25 Billion in 2023 and is expected to rise from USD 7.6 Billion in 2024 to USD 10.55 Billion by 2031, at a CAGR of 4.8% during the forecast period (2024–2031).

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.  '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', '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. '

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.  

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.  

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.