Sales of Sterilization Equipment is Projected to Increase at a High CAGR of 8.8% by 2031 | Getinge AB, STERIS Plc, 3M, Sotera Health, Fortive

The global sterilization equipment market was valued at USD 4.2 billion in 2021 and it is anticipated to grow up to USD 9.8 billion by 2031, at a CAGR of 8.8% during the forecast period.

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Sterilization equipment is used in healthcare facilities to eliminate pathogenic microorganism like viruses, bacteria, fungi and spores from the surface of an article. It is widely utilized in autoclave machines, clean in place(CIP) systems, ultraviolet chambers and steam, dry and heat and liquid chemical process to prevent the risk of cross contamination and ensure the safety of staff and patient.

Market Trends and Drivers:

Growing prevalence of hospital-acquired infections (HAIs) will positively impact the market growth during the forecast period. Hospital-acquired infections (HAIs) are nosocomial infections that occur during a patients stay at hospitals and related facilities and are not observed at the time of admission. Over the years, they have become a major cause of morbidity and mortality worldwide.

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The most common bacteria associated with HAIs include C. difficile, MRSA, Klebsiella, E. coli, Enterococcus, and the Pseudomonas species. Using infected medical devices during diagnostic and therapeutic procedures is a major cause of HAIs. According to the Centers for Disease Control and Prevention (CDC), up to 1.7 million hospitalized patients in the US annually acquire healthcare-associated infections (HCAIs) while being treated for other health issues, and more than 98,000 of these patients (one in 17) die due to HCAIs.

COVID-19 Impact:

In the wake of the COVID-19 pandemic, there is increasing demand for sterilization equipment and services due to growing cases of HAIs in hospital settings. Increasing number of hospitals and healthcare expenditure in North America are some of the major factors driving the demand for sterilization equipment. Furthermore, with the current COVID-19 pandemic wreaking havoc across the globe, various measures are being taken by companies as well as government bodies to drive market growth.

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Major Players in the Global Sterilization Equipment Market:

The key players in the market are Getinge AB (Sweden), STERIS Plc (U.S.), 3M (U.S.), Sotera Health. (U.S.), Fortive (U.S.), Cardinal Health (U.S.), Metall Zug Group (Switzerland), Stryker (U.S.), Merck KGaA (Germany), MMM Group (Germany) and among others.

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