The Global Sterilization Equipment Market to Garner $8834.71 million in Revenue by 2028

According to Triton's research report, the global sterilization equipment market acquired $4519.48 million in 2019. It is further anticipated to exhibit growth at 7.73% of CAGR by 2028.

A recent study by Triton Market Research titled ‘Global Sterilization Equipment Market’ consists of the Global Analysis and Forecasts by End-user (Hospitals & Clinics, Pharmaceutical and Biotechnology companies, Food & Beverage Industry, Education and Research Institutes, Other End-users), Equipment (Low-Temperature Sterilization Equipment [Ethylene Oxide Sterilization Equipment, Hydrogen Peroxide Sterilization Equipment, Ozone Sterilization Equipment, Other Low-Temperature Sterilization Equipment], Ionizing Radiation Sterilization Equipment [Gamma Sterilization Equipment, E-Beam Radiation Sterilization Equipment, Other Ionizing Radiation Sterilization Equipment], Filtration Sterilization Equipment, High-Temperature Sterilization Equipment [Dry Sterilization Equipment, Wet/Steam Sterilization Equipment], and by Geography (North America, Asia-Pacific, Europe, Latin America, Middle East and Africa).

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Triton’s report estimates that the global sterilization equipment market is anticipated to progress at a CAGR of 7.73% during the projected years 2019-2028. It will also likely attain revenue valued at $8834.71 million by 2028.
The process of eliminating microbes such as bacteria, fungi, and viruses in the environment is known as sterilization. This process to reduce the spread of diseases and infections caused by these microbes is adopted in several industries, including medical and food.

The rising occurrence of diseases and injuries have increased the demand for various surgical procedures. Sterilization equipment helps to clean medical equipment used during surgeries, further decreasing the spread of infections. Even hospitals have initiated several stringent protocols to reduce the incidence of hospital-acquired infections. Therefore, the increase in surgical procedures and strict protocols for hospital-acquired infections, are key elements responsible for the progress of the global sterilization equipment market.

However, the regulations related to harmful gases (for low-temperature sterilization equipment) and elevated cost of sterilized equipment are factors hampering the development of the sterilization equipment market.

The market for sterilization equipment is broadly categorized into end-user and equipment. In terms of end-user, the market is divided into hospitals & clinics, pharmaceutical and biotechnology companies, food & beverage industry, education and research institutes, and other end-users. The equipment segment is branched into low-temperature sterilization equipment, ionizing radiation sterilization equipment, filtration sterilization equipment, and high-temperature sterilization equipment. The low-temperature sterilization equipment is sub sectioned into ethylene oxide sterilization equipment, hydrogen peroxide sterilization equipment, ozone sterilization equipment, other low-temperature sterilization equipment. Whereas ionizing radiation sterilization equipment is sectioned into gamma sterilization equipment, e-beam radiation sterilization equipment, and other ionizing radiation sterilization equipment. Lastly, high-temperature sterilization equipment is bifurcated into dry sterilization equipment, and wet/steam sterilization equipment.

Geographically, North America is known to hold the largest market for sterilization equipment. The region’s dominance is owing to the rise in the cases of hospital-acquired infections, growth in the geriatric population, and surged healthcare spending. Additionally, the continual development of low-temperature sterilization equipment has led to capability advancement for instrument procession, further decrement in the processing times. In the region, the ionizing radiation sterilization is also expected to observe growth, fueling the sterilization equipment’s expansion.

Continental Equipment, Belimed AG, Getinge AB, Stryker Corporation, Systec GmbH, E-Beam Services Inc, MMM Group, 3M Company, Advanced Sterilization, Matachana, Cantel Medical, Andersen Products Inc, Cardinal Health, Steris Corporation, and Sotera Health are renowned companies present in this market.

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Question & Answer: Sterilization Equipment Market

Question 1: What key elements are responsible for the progress of global sterilization equipment market?
Answer: The rising occurrence of diseases and injuries have increased the demand for various surgical procedures. Sterilization equipment helps to clean medical equipment used during surgeries, further decreasing the spread of infections. Even hospitals have initiated several stringent protocols to reduce the incidence of hospital-acquired infections. Therefore, the increase in surgical procedures and strict protocols for hospital-acquired infections, are key elements responsible for the progress of the global sterilization equipment market.

Question 2: What factors are hampering the development of the sterilization equipment market?
Answer: The regulations related to harmful gases (for low-temperature sterilization equipment) and elevated cost of sterilized equipment are factors hampering the development of the sterilization equipment market.

Question 3: Which region is dominating the sterilization equipment market?
Answer: Geographically, North America is known to hold the largest market for sterilization equipment. The region’s dominance is owing to the rise in the cases of hospital-acquired infections, growth in the geriatric population, and surged healthcare spending. Additionally, the continual development of low-temperature sterilization equipment has led to capability advancement for instrument procession, further decrement in the processing times. In the region, the ionizing radiation sterilization is also expected to observe growth, fueling the sterilization equipment’s expansion.

Question 4: Which are the renowned companies present in the sterilization equipment market?
Answer: Continental Equipment, Belimed AG, Getinge AB, Stryker Corporation, Systec GmbH, E-Beam Services Inc, MMM Group, 3M Company, Advanced Sterilization, Matachana, Cantel Medical, Andersen Products Inc, Cardinal Health, Steris Corporation, and Sotera Health are renowned companies present in this market.

Related Report:
Global Cleanroom Technology Market

The global cleanroom technology market is expected to register growth in its revenue value during 2019-2027 at a CAGR of 6.12%. It is further anticipated to generate revenue worth $6164.10 million by 2027.

Globally, the demand for certified products is rising at a fast rate, resulting in mandatory quality certifications for manufacturing procedures and products to uphold quality standards. As per these quality standards, the products must be processed in the cleanroom to minimize contaminations. This has further enhanced the demand for cleanroom technology, simultaneously boosting the cleanroom technology market worldwide.

Several technological advancements, strict regulatory standards, and increased demand for cleanroom technology, are some of the major factors augmenting the growth of the cleanroom technology market. Also, developments in emerging regions, along with rising opportunities for energy-efficient cleanroom products, are fueling the studied market’s growth during the estimated years.
Although, the high initial installation prices and a dearth of skilled labor, are restricting the cleanroom technology market’s progression to a large extent.

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