Sterilization Equipment Market In-Depth Analysis, Emerging Trends, Growth, Booming Segments And Demand Prospects - STERIS, Getinge AB, 3M, Cardinal Health

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Sterilization Equipment Market Size, Growth Rate, And Forecast

The global sterilization equipment market size grew from $10.8 billion in 2022 to $12.12 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The sterilization equipment market size is expected to grow to $18.5 billion in 2027 at a CAGR of 11.2%.

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Sterilization Equipment Market Drivers

The rising incidences of hospital-acquired infections significantly contribute to the growth of the sterilization equipment market going forward. HAIs (hospital-acquired infections) is an illness that thrives in a hospital setting, such as those contracted by a patient during a hospital stay and are a leading cause of morbidity and mortality around the world. These include bloodstream infections from a central line, urinary tract infections from a catheter, and pneumonia from a ventilator. The rising hospital-acquired infections require more sterilization equipment in healthcare facilities.

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Sterilization Equipment Market Segments

• By Product: Sterilization Indicators, Detergents, Pouches, Lubricants, Sterilization Accessories
• By Equipment: High-Temperature Sterilization, Low-Temperature Sterilization, Filtration Sterilization, Lonizing Radiation Sterilization
• By End User: Pharmaceutical Companies, Hospitals And Clinics, Medical Device Companies, Food And Beverage Companies, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the sterilization equipment market.

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Sterilization Equipment Market Key Players

Major competitors in the sterilization equipment market include STERIS, Getinge AB, 3M, Cardinal Health, Fortive Corporation, Stryker Corporation, Cantel Medical, MMM Group, Merck KGaA, Matachana Group.

The Business Research Company's "Global Sterilization Equipment Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Sterilization Equipment Market Include:
1. Executive Summary
2. Sterilization Equipment Market Characteristics
3. Sterilization Equipment Market Trends And Strategies
4. Sterilization Equipment Market - Macro Economic Scenario
5. Sterilization Equipment Market Size And Growth
………………
27. Sterilization Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Sterilization Equipment Market
29. Sterilization Equipment Market Future Outlook And Potential Analysis
30. Appendix

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