Sterilization Equipment Market: Meticulous Research® Reveals Why This Market is Growing at a CAGR of 12.2% to Reach $23.73 Billion by 2027

Sterilization Equipment Market: Meticulous Research® Reveals Why This Market is Growing at a CAGR of 12.2% to Reach $23.73 Billion by 2027

“The sterilization equipment market is expected to grow at a CAGR of 12.2% from 2020 to 2027 to reach $23.7 billion by 2027”
Sterilization Equipment Market by Product and; Services {Equipment [Heat, Low-temperature (Ozone, Formaldehyde), Filtration), Consumables (Sterilization Indicators, Sterilants), Services (Gamma, Steam)], End User (Hospitals, Pharma)} – Global Forecast to 2027

Infectious diseases are continuously growing across the globe, with which some are leading to high mortality rates, such as COVID-19. Thus, the need for sterilization equipment measures is growing. Meticulous Research®, in its latest publication on the Sterilization Equipment Market, states that the sterilization equipment market is expected to grow at a CAGR of 12.2% from 2020 to 2027 to reach $23.73 billion by 2027.

The growth of the sterilization equipment market is mainly attributed to the growing incidences of hospital-acquired infections, the impact of the COVID-19 pandemic, rising number of surgical procedures, and the rising demand for sterilization in the food industry food-borne diseases, and increasing sterilization demand in pharmaceutical and biotechnology industries.

However, the harmful effects of ethylene oxide and concerns regarding the safety of reprocessed instruments restrict the market’s growth to some extent.

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Scope of the Report:

Sterilization Equipment Market, by Product

  • Equipment
    • Heat Sterilization Equipment
      • Moist Heat Sterilizers
      • Dry Heat Sterilizers
    • Low-temperature Sterilization Equipment
      • Hydrogen Peroxide / Gas Plasma Sterilization
      • Ethylene Oxide Sterilizers
      • Ozone-based Medical Sterilizers
      • Formaldehyde Sterilizers
      • Others
    • Radiation Sterilization Equipment
    • Filtration Sterilization Equipment
  • Consumables & Accessories
    • Sterilization Indicators
      • Biological Indicators
      • Chemical Indicators
    • Sterilants
    • Instrument Packaging & Pouches
    • Others
  • Services
    • Ethylene Oxide Sterilization Services
    • Gamma Sterilization Services
    • E-beam Sterilization Services
    • Steam Sterilization Services
    • Other Sterilization Services

Sterilization Equipment Market, by End User

  • Hospitals & Clinics
  • Medical Device Companies
  • Pharmaceutical Companies
  • Food & Beverage Industry
  • Other End Users

Sterilization Equipment Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia-Pacific (APAC)
      • Japan
      • China
      • India
      • Rest of APAC (RoAPAC)
  • Latin America
  • Middle East & Africa

 

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To provide efficient analysis, Meticulous Research®has segmented this market by product (equipment, consumables & accessories, services), end user (hospitals & clinics, medical device companies, pharmaceutical companies, food & beverage industry, and others), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).

Wherein, geographically, North America is projected to command the largest share of the sterilization equipment market in 2020, closely followed by Europe and Asia-Pacific. However, Asia-Pacific countries, namely, China and India, are slated to register the highest growth during the forecast period primarily due to the recent outbreak of COVID-19 and various government initiatives to boost sterilization equipment production.

Based on product, equipment is expected to dominate the market in 2020 due to growth in COVID-19 cases, rising hospitalization rate, and the increasing number of hospitals to tackle the issue of COVID-19.

Based on end user, the hospitals & clinics segment is projected to dominate the market due to the number of cases of COVID-19 across the globe, rising hospitalization rate, increasing HAIs among healthcare facilities, and the need to maintain a sterile environment for quality care.

To gain more insights into the market with a detailed table of content and figures, click here : https://www.meticulousresearch.com/product/sterilization-equipment-market-5141

 Key Players

The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market, including STERIS plc. (U.S.), Cantel Medical Corp. (U.S.), Getinge AB (Sweden), 3M Company (U.S.), Advanced Sterilization Products (U.S.), MMM Group (Germany), MATACHANA group (Spain), Cardinal Health, Inc. (U.S.), Sotera Health (U.S.), and Belimed (Switzerland).

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About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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