Sterilization Equipment and Disinfectants Market - Rising Geriatric Population to Support Market Growth

As per the Centers for Disease Control and Prevention, nearly 46.5 million surgical procedures are conducted in the U.S. alone every year. Also over 5 million gastrointestinal endoscopies are conducted every year in the U.S. The increasing number of surgeries performed every year in the U.S. and elsewhere is indicative of the rising need for sterilization equipment and disinfectants to avoid the transmission of pathogens.

According to Transparency Market Research (TMR), the global sterilization equipment and disinfectant market is poised to exhibit a CAGR of 8.5% between 2013 and 2019. At this pace, the market is expected to reach a valuation of US$9.1 bn by the end of 2019.

Rising Number of Surgeries Conducted Worldwide to Fuel Demand for Sterilization Equipment and Disinfectants

Sterilization equipment and disinfectants are thus extensively used in healthcare facilities to eliminate and kill harmful agents such as viruses, fungi, and bacteria. They are also used as infection controlling agents. The increasing geriatric population has led to a rise in the number of surgeries conducted in clinics and hospitals globally. This has facilitated the expansion of the healthcare industry and subsequently fuelled the demand for sterilization equipment and disinfectants.

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In addition, the rising geriatric population, increasing prevalence of chronic ailments, and the rapid rise in cases of hospital-acquired infections (HAIs) are aiding the market’s growth. The increasing willingness among people to spend on advanced healthcare services will also aid in the market’s expansion.

Demand for Heat Sterilization Equipment Likely to Remain High Through Forecast Period

To offer a holistic overview, the global sterilization equipment and disinfectant market has been segmented based on type, equipment, and application. By sterilization equipment, low temperature sterilization, heat sterilization, radiation sterilization, and filtration sterilizing constitute the key market segments. Of these, the heat sterilization segment is expected to report a CAGR of 8.6% from 2013 to 2019. The development of this segment is credited to the fact that equipment used for heat sterilization is safer than low-temperature sterilization and other devices. However, over the course of the forecast period, the latter is expected exhibit the highest CAGR of 10.9%.

In terms of application, the market can be categorized as medical devices, pharmaceuticals, and life sciences. Likewise, high, intermediate, and low level oxidizing and non-oxidizing are the two prominent types of disinfectants available in the market.

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North America Emerged as Dominant Regional Market

Regionally, North America, Asia Pacific, Europe, and Rest of the World constitute the key market segments. Among these nations, North America emerged dominant holding more than 40% of the overall market share in 2012. The region has been witnessing an increasing demand for non-disposable surgical instruments such as distractors, forceps, and endoscope devices. Besides this, the incidence of HAIs is also quite high, which makes sterilization equipment and disinfectants highly demanded commodities across the North America healthcare sector.

However, Asia Pacific is expected to report the highest CAGR of 10.9% between 2013 and 2019. The increasing outbreak of infectious diseases such as dengue and chikungunya has fuelled the demand for sterilization equipment and disinfectants in the region.

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This release was published on openPR.