Sterilization Equipment Market is projected to reach USD 9.8 billion by 2031, growing at a CAGR of 8.8% during the forecast period

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.

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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. 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.

Global Sterilization Equipment Market Segmental Overview
The report analyses the global sterilization equipment market based on product, end use, and region.

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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.

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. For instance, the FDA has recommended that Sterigenics should reopen its ethylene oxide-based sterilization plant in the US. The plant had been shut due to harmful emissions, which were believed to be carcinogenic. In March 2020, the company received permission to reopen the plant for 21 days to sterilize PPE for healthcare workers to use during the COVID-19 pandemic. Such developments are anticipated to drive the growth of this market.

Recent Developments
In February 2022, CENTERPIECE continued to expand ETO sterilization capacity
In January 2022, Boulder iQ division increased sterilization capacity for medical device product
In June 2021, STERIS acquired Cantel to diversity its vast portfolio of sterilization instrument and services
In October 2020, Getinge launched Getinge Solsus 66 steam sterilizer for hospital and surgical instrument with increased capacity and operational reliability compared to other sterilizers.

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