The global sterilization equipment market size was worth around USD 13.62 billion in 2023 and is predicted to grow to around USD 26.81 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.81% between 2024 and 2032
With the presence of a large pool of participants, the global sterilization equipment market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Steris, Getinge Group, 3M, Sortera Health, and Advanced Sterilization Products aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the sterilization equipment market study.
Citing an instance, in September 2018, the U.S. Environmental Protection Agency (EPA) declared that it will carry out additional monitoring for pollution of atmosphere near Chicago plant handling medical equipment activities.
As estimated in this report, the global sterilization equipment market stood at 13.62 billion in 2023. Witnessing a tremendous rise during the period from 2024 to 2032, the revenue in this sterilization equipment market is expected to reach US$ 26.81 billion by the end of the forecast period. The main products available in this sterilization equipment market are heat sterilization equipment, chemical sterilization, filtration sterilization, and ionizing radiation sterilization. Among them, the demand for heat sterilization equipment is relatively higher and the trend is anticipated to remain so over the next few years, notes the sterilization equipment market research report.
Sterilization Equipment Market Size Massive Demand For Medical Procedures To Augment Market Size
“Rising demand for the medical procedures along with expansion of pharmaceutical industries across the developing countries such as China and India will boost the global sterilization equipment market earnings in the foreseeable future,” says the author of this sterilization equipment market study. Apart from this, massive application of these devices in Hospitals & Clinics, Educational Institutes, and Food & Beverages will further enhance the market scope in the years to come.
High costs, stringent legislations, and low product awareness, however, are likely to diminish the growth of sterilization equipment market in the latter years. Nonetheless, ongoing research activities and technological innovations are likely to provide new growth opportunities for sterilization equipment market within the forecast period. This, in turn, will normalize the impact of hindrances on the sterilization equipment market, reports the study.
Presence of Modern Medical Infrastructure To Aid APAC’s Regional Dominance
Regionally, North America has been leading the global sterilization equipment market and is anticipated to continue on the dominant position in the years to come, states the sterilization equipment market study. The presence of a well-established medical and healthcare infrastructure and skilled healthcare professionals is the main factor behind the dominance of the north america sterilization equipment market.
Sterilization Equipment Market: Competitive Space
The global sterilization equipment market profiles key players such as:
- Steris
- Getinge Group
- 3M
- Sortera Health
- Advanced Sterilization Products.
- Others
The global sterilization equipment market is segmented as follows:
By Instrument Type
- Heat Sterilization EquipmentDry Heat SterilizationMoist Heat/Steam Sterilization Equipment
- Chemical SterilizationEthylene Oxide SterilizationHydrogen Peroxide SterilizationOzone-based SterilizationFormaldehyde SterilizationOthers
- Filtration Sterilization
- Ionizing Radiation SterilizationE-beam Radiation SterilizationGamma SterilizationOthers
By End-User
- Pharmaceutical Companies
- Hospitals & Clinics
- Educational Institutes
- Food & Beverage Industry
- Other End Users
By Region
- North AmericaThe U.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- The Middle East and Africa
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Contact Us:
Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States Tel: +49-322 210 92714 USA/Canada Toll-Free No.1-855-465-4651 Email: [email protected] Website: https://www.zionmarketresearch.com