Sterilization Equipment Market Revenue Analysis with Top Players: TSO3, Midmark Corporation, Boekel Scientific, Merck, Getinge, STERIS Corporation, Fedegari Group, Tuttnaue

Technological advancements rendering effective sterilization of medical instruments is forecasted to boost sterilization equipment market growth during the foreseeable future. Advances in radiation sterilizers aid to reduce carbon footprint and undesirable radiations. For instance, radiation sterilization technology is being largely utilized in operating theatres, single-use medical devices due to advancements including radiation robots that generate no ozone. In addition, radiation sterilizers generate minimal secondary contaminants making it safer, thus eliminating negative impacts on environment. Such advancements will impel sterilization equipment market growth in projected period.

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Growing need for sterile conditions across healthcare & food and beverage industry will positively impact sterilization equipment market business growth. For instance, in 2018, Porter Adventist Hospital was involved in a sterility breach that had potential to harm patients with HIV and Hepatitis B pathogens. This breach is credited to improper and inappropriate sterilization and infection control. Such incidences can infect and seriously harm large patient population that may lead to death. In order to avoid such threat, sterilization is mandatory in healthcare set-ups, that will lead to greater adoption of sterilization equipment in recent years, thereby fostering sterilization equipment market growth.
Filtration sterilization equipment dominated in 2017, with segmental revenue of USD 3,302.8 million. Filtration sterilization is largely employed in food and beverage industry, research labs as well as pharmaceutical industry to achieve sterile filtration of liquids and gases. Recent advancements in filtration sterilization techniques have enabled rapid adoption of this method. Technological advancements in filtration sterilization include nanofiltration, continuous filtration process and ultra-filtration that helps by reducing sterilization time along with prevention of product loss. These benefits will facilitate accelerating demand for filtration sterilization in forthcoming years, thereby augmenting segmental growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• MMM Group
• Merck
• Getinge
• STERIS Corporation
• Boekel Scientific
• Celitron Medical Technologies Kft.
• LTE Scientific
• matachana
• Fedegari Group
• Midmark Corporation
• TSO3
• Tuttnauer
• Advanced Sterilization Products (ASP) - Belimed

Hospitals and clinics segment will grow with a remarkable rate of 8.1% during the forecast timeframe. The segmental growth is attributable to rising awareness within the healthcare industry to prevent and control healthcare-acquired infections. Regulatory bodies are concentrating efforts to improve infection control and sterilization of medical instruments in hospitals. For instance, The Asia Pacific Society of Infection Control instructs hospitals to strictly follow written guidelines of sterilization for hospital instruments. Stringent regulatory scenario will favour sterilization equipment market growth in the upcoming period.

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U.S. sterilization equipment market contributed to the largest revenue of USD 1,975.2 million revenue in 2017. There is increasing awareness and numerous initiatives to implement sterilization practices, set by various regulatory bodies throughout U.S. U.S. largely adopts technology advanced sterilization equipment that will further result into substantial market growth. For instance, low-temperature sterilization is widely used in U.S. due to growing demand for medical devices made of materials that require low-temperature sterilization. This will foster regional growth in foreseeable years.

Sterilization Equipment Market, by Product
o Heat Sterilization
o Dry heat sterilization
o Moist heat sterilization
o Low-Temperature Sterilization
o Ethylene Oxide Sterilization (ETO)
o Hydrogen Peroxide Sterilization
o Other
o Filtration Sterilization
o Radiation Sterilization
o Electron beams
o Gamma rays

Sterilization Equipment Market, by End-use
o Hospitals & Clinics
o Biotech and Pharmaceutical Companies
o Medical Device Companies
o Food & Beverage Industry

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