Global Sterilization Equipment Market - 2024 - 2031

Report Overview

The Global Sterilization Equipment Market reached US$ 8.06 billion in 2023 and is expected to reach US$ 14.7 billion by 2031 growing with a CAGR of 7.8% during the forecast period 2024-2031.

Sterilization equipment consists of tools or machines specifically engineered to eradicate or remove all forms of microorganisms, including bacteria, fungi, viruses, and other biological agents, from various objects or surfaces. The sterilization process entails subjecting items to chemicals, high temperatures, radiation, or alternative techniques to thoroughly eliminate microbial growth and ensure a sterile environment is maintained.

Sterilization is an indispensable process across numerous industries, with healthcare being a crucial sector, as it helps mitigate the spread of infections. In the medical domain, sterilization equipment is employed to purify a wide array of products, supplies, and instruments used in hospitals, clinics, and medical device production facilities. Maintaining, calibrating, and validating sterilization equipment is paramount to guarantee the effectiveness and safety of the sterilization process.

Market Dynamics: Drivers

Increase prevalence of chronic diseases and hospital-acquired infections (HAIs)

The demand for the global sterilization equipment market is driven by multiple factors. One of the primary factors is the increased prevalence of chronic diseases and hospital-acquired infections (HAIs)

The increasing occurrence of chronic diseases has significant effects on the sterilization equipment market, especially in the healthcare industry such as hospitals. Chronic conditions like diabetes, heart disease, and respiratory illnesses often necessitate continuous medical attention, including surgical procedures and regular hospital visits. As the population of individuals with chronic diseases grows, there is a corresponding rise in the need for effective sterilization practices to prevent healthcare-associated infections (HAIs).

The growing incidence of healthcare-associated infections (HAIs) has emerged as a significant issue within the medical field, prompting a stronger focus on sterilization practices in healthcare environments. HAIs, which are infections contracted by patients during their treatment in healthcare facilities, can lead to severe outcomes such as extended hospital stays, increased rates of illness and death, and substantial financial strain on healthcare systems.

Moreover, key player's strategies such as partnerships & collaborations & expansion of the market drive this marker. For instance, in January 2024, Allentown, LLC, a portfolio company of Aterian Investment Partners, announced its acquisition of ClorDiSys Solutions, Inc., a company specializing in decontamination, disinfection, and sterilization solutions. This acquisition is a strategic move aimed at expanding Allentown's offerings and enhancing its position in the biomedical research and life sciences markets.

Similarly, in, May 2023, Ahlstrom expanded its medical product offerings with the introduction of Reliance Fusion, a next-generation simultaneous sterilization wrap designed to enhance the efficiency of sterilizing surgical equipment trays in hospitals. This innovative product aims to streamline the sterilization process, which is critical for maintaining the sterility of surgical instruments and preventing hospital-acquired infections.

Restraints

Factors such as the high cost of equipment, stringent regulations, lack of skilled professionals, and limited awareness of safety measures, are expected to hamper the market.

Market Segment Analysis

The global sterilization equipment market is segmented based on product, end-user, and region.

The low-temperature sterilizers segment accounted for approximately 46.8% of the global sterilization equipment market share

The low-temperature sterilizers segment is expected to hold the largest market share over the forecast period. The increasing demand to sterilize heat-sensitive medical devices and instruments effectively. This segment employs sterilization methods that operate at lower temperatures, ensuring that delicate materials are not damaged during the sterilization process.

Ethylene oxide sterilization is a vital method in the sterilization equipment market, particularly for heat-sensitive medical devices. Its effectiveness against a broad spectrum of microorganisms and compatibility with various materials make it indispensable in healthcare settings. For instance, in January 2023, PAMA Manufacturing and Sterilization, a company based in Quebec, Canada, introduced an innovative ethylene oxide (EO) sterilization solution designed to be eco-efficient, cost-effective, and safe while maintaining the sterility of medical devices.

Hydrogen peroxide gas plasma sterilization is a low-temperature method that utilizes hydrogen peroxide vapor energized by radio frequency or microwave energy to create plasma. This technique is effective for sterilizing complex medical instruments and offers several advantages over other sterilization methods like ethylene oxide (EtO).

Moreover, key players in the industry, innovative product launches, and technological advancements would drive this segment's growth in the market. For instance, in June 2024, Getinge, a leading provider of medical equipment and solutions, unveiled the Poladus 150, an innovation in low-temperature sterilization technology designed for heat-sensitive surgical instruments. This cutting-edge Vaporized Hydrogen Peroxide (VH2O2) sterilizer operates at a gentle temperature of up to 55°C, ensuring that non-lumen, flexible lumen, and rigid lumen instruments are thoroughly sterilized and ready for the next surgery.

Market Geographical Analysis

North America accounted for approximately 43.2% of the global sterilization equipment market share

North America region is expected to hold the largest market share over the forecast period. Healthcare-associated infections (HAIs) have become an increasingly serious concern for healthcare providers in recent years. These infections, which patients acquire while receiving treatment in a healthcare facility, can lead to significant complications, prolonged hospital stays, and even patient deaths. The most common types of HAIs include bloodstream infections, pneumonia, urinary tract infections, and surgical site infections are driving the sterilization equipment market in the region.

Moreover, North America is a significant player in the global sterilization equipment market, primarily due to its robust pharmaceutical and biotechnology sectors. These industries are critical for the production of pharmaceuticals, vaccines, and medical devices, all of which require reliable sterilization processes to ensure safety and efficacy. Government regulatory support & policies are helping to drive this market growth.

In addition, in this region, a major number of key player's presence, well-advanced healthcare infrastructure, product launches & approvals, and partnerships & collaborations would drive this market growth. For instance, in January 2024, Ahlstrom received FDA 510(k) clearance from the U.S. Food and Drug Administration for its new product, Reliance Fusion, a next-generation sterilization wrap designed to enhance the efficiency of sterilizing surgical equipment trays in hospitals. This clearance is a crucial regulatory milestone that allows Ahlstrom to market and sell Reliance Fusion in the United States, ensuring that the product meets the necessary safety and effectiveness standards required for medical devices.

Similarly, in June 2023, Shimadzu Corporation partnered with Shyld, a US-based artificial intelligence (AI) and robotics company, to develop an innovative AI-enhanced ultraviolet irradiation C (UV-C) disinfection technology specifically tailored for hospital environments. This collaboration aims to revolutionize infection control practices by integrating advanced optical technology with AI capabilities.

Market Segmentation

By Product

Low-Temperature Sterilizers

Ethylene Oxide Sterilizers

Hydrogen Peroxide Sterilizers

Others

Heat Sterilizers

Depyrogenation Oven

Steam Autoclaves

Radiation Sterilization Devices

Electron Beams

Gamma Rays

Others

Sterile Membrane Filters

Others

By End-User

Hospitals and Clinics

Medical Device Manufacturers

Pharmaceutical Companies

Food and Beverage Industry

Others

By Region

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

France

Spain

Italy

Rest of Europe

South America

Brazil

Argentina

The rest of South America

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific

Middle East and Africa

Market Competitive Landscape

The major global players in the sterilization equipment market include STERIS., Sotera Health, Getinge, Cantel Medical Corp., Systec GmbH & Co. KG, Fortive Corporation (Advanced Sterilization Products), Stryker (TSO3 INC.), 3M, Andersen Products Ltd., and E-BEAM Services, Inc among others.

Key Developments

In March 2024, STERIS announced the launch of Verafit Sterilization Bags and Covers, which feature a new, patent-pending viewing window designed to visually inspect and confirm the dryness of sterilized parts. This innovative product aims to assist biopharmaceutical manufacturers in complying with the latest EU GMP Annex 1 requirements, which emphasize the importance of confirming the dryness of sterilized items as part of the sterilization cycle acceptance process.

In March 2024, BioMedical Solutions announced its acquisition of the assets of Alfa Medical Equipment, which operates under the name Sterilizers.com. This strategic move follows BioMedical Solutions' recent acquisition of Booth Medical Equipment, further solidifying its position as a leading provider of medical equipment and services. The acquisition of Sterilizers.com marks a significant milestone for BioMedical Solutions, enhancing its market presence and expanding its portfolio of sterilization solutions.

Why Purchase the Report?

To visualize the global sterilization equipment market segmentation based on product, end-user, and region and understand key commercial assets and players.

Identify commercial opportunities by analyzing trends and co-development.

Excel data sheet with numerous data points of the sterilization equipment market with all segments.

PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.

Product mapping is available in Excel consisting of key products of all the major players.

The global sterilization equipment market report would provide approximately 54 tables, 46 figures, and 183 pages.

Target Audience 2024

Manufacturers/ Buyers

Industry Investors/Investment Bankers

Research Professionals

Emerging Companies