Global Sterilization Equipment Market Report 2021: Growing Outsourcing of Sterilization Services Among Pharmaceutical Companies, Hospitals, and Medical Device Manufacturers – ResearchAndMarkets.com

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DUBLIN – (COMMERCIAL THREAD) – The “global sterilization equipment market by product and services (instruments (dry heat), services (ethylene oxide, gamma, steam), consumables and accessories (sterilization indicators), end user (hospitals and clinics, Pharmaceuticals) – Forecast for The 2026 report “has been added to ResearchAndMarkets.com offer.

Sterilization Equipment Market Expected to Reach USD 20.0 Billion by 2026 from USD 13.8 Million in 2021, at a CAGR of 7.7%

The growth of the market is largely due to the increasing incidence of nosocomial infections, the increasing number of surgical procedures, the increasing attention paid to the sterilization and disinfection of food, the growth of the pharmaceutical and biotechnology industries and to the increasing outsourcing of sterilization services.

The Sterilization Instruments segment accounted for the highest growth rate of the Sterilization Equipment market, by product and service, during the forecast period

On the basis of products and services, the sterilization equipment market is segmented into sterilization instruments, sterilization services, and sterilization consumables and accessories. The sterilization instruments segment is expected to register the highest CAGR during the forecast period. The growth of this segment is mainly due to the increasing incidence of hospital acquired infections, the increasing number of surgeries performed, strict regulatory mandates for infection control and the growth of the medical device and pharmaceutical industries.

Pharmaceutical companies accounted for the highest CAGR

Based on the end user, the sterilization equipment market has been segmented into hospitals and clinics, medical device companies, food companies, pharmaceutical companies, and other end users. Pharmaceuticals segment is expected to register the highest CAGR during the forecast period. Factors such as the growing number of pharmaceutical companies and strict regulatory standards for drug safety are driving the growth of the pharmaceutical company segment.

Asia-Pacific: The fastest growing region in the sterilization equipment market

The sterilization equipment market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. The Asia-Pacific region offers strong growth opportunities for players in the sterilization equipment market. This regional segment is estimated to register the highest CAGR during the forecast period. Factors such as growth of pharmaceutical and medical device industries, increasing number of surgical procedures, and increasing healthcare expenditure are driving the market growth in APAC region.

Market dynamics

Conductors

  • Increased incidence of nosocomial infections

  • Growing number of surgeries

  • Increased focus on food sterilization and disinfection

  • Growing outsourcing of sterilization services among pharmaceutical companies, hospitals and medical device manufacturers

Opportunities

  • Growing healthcare sector and increasing outsourcing in emerging economies

  • Growing use of electron beam sterilization

  • Reintroduction of ethylene oxide sterilization

  • Growing adoption of nonwovens and single-use medical devices

Challenges

  • Sterilization of advanced medical instruments

  • End user non-compliance with sterilization standards

Tendencies

  • Increased adoption of sterilization using No2

Companies mentioned

  • STERIS PLC (United States)

  • Getinge AB (Sweden)

  • 3M (United States)

  • Sotera Health (United States)

  • Fortif (United States)

  • Cardinal Health (United States)

  • Metall Zug Group (Switzerland)

  • Stryker (United States)

  • Merck KGaA (Germany)

  • MMM Group (Germany)

  • MATACHANA GROUP (Spain)

  • Tuttnauer (Netherlands)

  • Andersen Sterilizers (US)

  • Steelco SpA (Italy)

  • Noxilant (United States)

  • DE LAMA SPA (Italy)

  • Cosmed Group (United States)

  • CBMSrl Medical Equipment (Italy)

  • E-BEAM Services, Inc. (United States)

  • Life Sciences Outsourcing, Inc. (US)

  • Systec GmbH (Germany)

  • Continental Equipment Company (United States)

  • Midwest Sterilization Corporation (United States)

  • BGS Beta-Gamma-Service GmbH & Co. KG (Germany)

  • ACMAS Technologies Pvt. Ltd. (India)

For more information on this report, visit https://www.researchandmarkets.com/r/ewfpp3


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