Sterilization Equipment Market Size, Share, Industry Trends, Outlook, Growth Opportunities and Market Forecast 2023 - 2030

Sterilization Equipment Market is segmented By Technology (Physical Sterilization, Chemical Sterilization), By Product Type, By End User (Hospitals, Clinics, Medical Laboratories, Long Term, and Acute Care Centres, Medical Devices), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030.

Sterilization Equipment Market Overview

Global Sterilization Equipment Market was valued at USD 4.6 billion in 2016, growing at a CAGR of 7.90% during the forecast period 2023-2030.

In the health and medical care setting, it is essential to keep medical equipment, devices, and consumables sterile. This is generally achieved by sterilization by applying heat, irradiation, high pressure, filtration, or chemicals.

Sterilization Equipment Market Scope and Summary

Growth factors of the Market

• An important factor that has contributed to the overall growth of the sterilization equipment market is the rising incidence of hospital-acquired infections (HAIs).

• The market for sterilization equipment is also driven by a growing focus on hygiene and sanitation, an increasing number of surgeries performed, and a surge in infectious diseases.

• However, lack of compliance with sterilization measures, and lack of funds for infection prevention in developing nations are a few factors restraining market growth.

Sterilization Equipment Market Drivers and Restraints

• The Global Sterilization Equipment market report segments the market by technology type, by product type, by end-user, and by region.

• Depending upon the approach of how sterilization is achieved, it is segmented as physical sterilization and chemical sterilization. Physical sterilization is further sub-segmented into three different methods – heat, filtration, and radiation. The heat sterilization sub-segment dominated the overall market in 2017 as it is the most widely used technique.

• By the type of products used while sterilizing, they are segmented as detergents, sterilization indicators, pouches, lubricants, and sterilization accessories. Out of these, the sterilization indicators segment is expected to exhibit the highest growth over the forecast period.

• Based on end-user, the market is segmented into Hospitals, Clinics, Medical Laboratories, Long Term, and Acute Care Centres, Medical Devices/Pharmaceuticals Manufacturing Units. Hospitals occupied the largest market share in 2017 as the majority of the medical equipment find its application in hospitals.