Plasma Sterilizers Market Growth Prospects, Trends and Forecast 2022-2031

Plasma Sterilizers Market Outlook 2031

The global plasma sterilizers market was valued at US$ 590.0 Mn in 2021

The global market is projected to grow at a CAGR of 6.4% from 2022 to 2031

The global plasma sterilizers market is anticipated to reach more than US$ 1,101 Mn by 2031

Overview of Plasma Sterilizers Market

Rise in burden of HAIs across the world is expected to drive the global market for plasma sterilizers throughout the forecast period. Hospital-acquired infections (HAIs) are complications of healthcare. They are linked to high morbidity and mortality. These complications include central line-associated bloodstream infections, catheter-associated urinary tract infections (UTIs), and ventilator-associated pneumonia (VAP). The most common bacteria associated with HAIs include C. difficile, methicillin-resistant Staphylococcus aureus (MRSA), Klebsiella, E. coli, Enterococcus, and Pseudomonas species. Rise in burden of HAIs across the world is expected to drive the global market for plasma sterlizers throughout the forecast period.

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An article published in the National Center for Biotechnology Information (NCBI) stated that out of every 100 hospitalized patients, seven patients in advanced countries and 10 patients in emerging countries develop hospital-acquired infections.

Hospitalization in the U.S. has been increasing gradually. In 2018, around 6.7% individuals in the U.S. were hospitalized at least once. In May 2022, about 47 states in the U.S. reported an increase in COVID-19 hospitalizations. This increase in hospitalizations was accompanied by a 31% rise in seven-day average infection rates and 10% rise in COVID-19 deaths. Growth in hospitalization rate increases the occurrence of HAIs, thereby driving the demand for medical instruments, including sterilization equipment.

COVID-19 Impact on Plasma Sterilizers Market

The COVID-19 pandemic has disrupted the global healthcare system. Temporary hospitals are being set up to deal with the rise in number of cases of novel Coronavirus. The spread of COVID-19 has surged the demand for sterilization equipment due to the rising cases of HAIs in hospitals and other healthcare settings. About 10% of the reported COVID-19 positive cases require ICU involvement, with several patients requiring urgent tracheal intubation for profound and sudden hypoxia. Around 21% to 31% of COVID-19 patients in the U.S. required hospitalization, and 5% to 11% required intensive care during critical COVID-19 pandemic. Increase in demand for hospital beds and ICUs, proliferation of isolation facilities, and rise in awareness among consumers about sterilization products for medical devices is likely to augment the global market during the forecast period.

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High Adoption in Hospitals & Clinics, Ambulatory Surgery Centers, and Healthcare Organizations to Drive Less than 100 Liter Segment

In terms of chamber capacity, the < 100 L segment accounted for more than 50% share of the global market in terms of revenue in 2021. This is attributed to higher adoption of these chamber capacity sterilizers among end-users including hospitals & clinics, ambulatory surgery centers, and healthcare organizations.

Increase in Incidence of HAIs to Propel Sterilization Segment

The sterilization segment held the largest share of the global market in 2021. This trend is anticipated continue during the forecast period due to the increase in incidence of HAIs, rise in number of surgeries performed, stringent regulatory mandates for infection control, and growth in healthcare facilities.

No Chemical Residues and Short Aeration Time to Augment Hydrogen Peroxide Gas Segment

Hydrogen peroxide sterilizer involves a low-temp sterilizer process commonly used in the application of sterilizing medical devices. Hydrogen peroxide-based low-temperature sterilization is a new sterilization technology for temperature-dependent medical devices. The hydrogen peroxide gas segment held substantial market share in 2021. The trend is expected to continue throughout the forecast period due to benefits offered by hydrogen peroxide plasma in low temperature sterilization such as no chemical residues, short aeration time, safe handling, and safe for the environment.

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Regional Outlook of Global Plasma Sterilizers Market

North America dominated the global plasma sterilizers market in 2021. Growth of the market in the region can be ascribed to technological advancements in plasma sterilizers, presence of leading players, increase in demand for sterilization technologies in the healthcare industry to minimize the occurrence of HAIs, and surge in number of surgical procedures performed.

The market in Asia Pacific is likely to be driven by surge in geriatric population, rise in incidence of various diseases, and government initiatives to curb HAIs. According to the United Nations Population Fund (UNFPA), one in four people in Asia Pacific will be above 60 years old by 2050. The population aged above 60 in the region will triple between 2010 and 2050, reaching nearly 1.3 billion. This older population is prone to develop various diseases, which could require hospitalization. This is expected to augment the market during the forecast period.

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Analysis of Key Players in Global Plasma Sterilizers Market

The plasma sterilizers market report includes vital information about key players operating in the global market. Companies are focusing on strategies such as new product launches, divestiture, mergers & acquisitions (M&A), and partnerships to strengthen their position in the market. Antonio Matachana, S. A., ASP Global Manufacturing GmbH (Fortive Corporation), Cisa Production S.r.l. Unipersonale, Getinge AB, Johnson & Johnson Services, Inc. (Sterilmed Medical), HUMAN MEDITEK CO., LTD., Steelco S.p.A. (MIELE Group), STERIS plc, Tuttnauer (Fortissimo Capital), and VitroSteril (RBChimica) are some of the prominent players operating in the market.

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