Press release
Sterilization Equipment Market to be Worth $30.71 Billion by 2031
Meticulous Research®-a leading market research company, published a research report titled, 'Sterilization Equipment Market by Offering (Equipment [Heat {Moist (Gravity, High-speed), Dry (Static Air, Forced Air)}, Low-temperature {Gas Plasma, Ozone, Formaldehyde}, Radiation, Filtration], Services [Gamma, Steam]), End User - Global Forecast to 2031'.Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5141
According to this latest publication from Meticulous Research®, the sterilization equipment market is projected to reach $30.71 billion by 2031, at a CAGR of 8.3% from 2024 to 2031. The growth of the sterilization equipment market is driven by several factors, including the growing incidence of hospital-acquired infections, the rising number of surgical procedures, and the growing demand for sterilization in the food industry to prevent food-borne diseases. Factors such as the increasing use of e-beam sterilization, growing demand for sterilization products in emerging markets, and the use of supercritical CO2 sterilization technology gaining traction in the medical devices industry are a few of the opportunities that would help grow the market in the future.
Factors such as non-compliance with sterilization standards in the healthcare sector could be considered a challenge for the sterilization equipment market. However, the harmful effects of ethylene oxide and concerns regarding the safety of reprocessed instruments restrain the growth of the market.
Key Players:
The key players profiled in the sterilization equipment market report are STERIS plc. (U.S.), Getinge AB (Sweden), 3M Company (U.S.), Advanced Sterilization Products (U.S.), MMM Group (Germany), MATACHANA group (Spain), Cardinal Health, Inc. (U.S.), Sotera Health (U.S.), Belimed AG (Switzerland), Benchmark Scientific, Inc. (U.S.), Andersen Sterilizers, Inc. (U.S.), and Steelco S.P.A. (A Part of Miele & Cie. Kg) (Italy).
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The sterilization equipment market is segmented by Offering (Equipment [Heat/Steam Sterilization Equipment {Moist Heat Sterilizers (Gravity Displacement Sterilizers, High-speed Pre-vacuum Sterilizers) Dry Heat Sterilizers (Static Air Sterilizers, Forced Air Sterilizers)}, Low-Temperature Sterilization Equipment {Hydrogen Peroxide/Gas Plasma Sterilizers, Ethylene Oxide Sterilizers, Ozone-Based Sterilizers, Formaldehyde Sterilizers, Other Low-Temperature Sterilization}, Radiation Sterilization Equipment, Filtration Sterilization Equipment], Services [Ethylene Oxide Sterilization Services, Gamma Sterilization Services, E-Beam Sterilization Services, Steam Sterilization, Other Sterilization Services], Consumables & Accessories [Sterilization Indicators {Biological Indicators, Chemical Indicators}, Sterilant, Instrument Packaging & Pouches, Other Consumables & Accessories]), End User (Hospitals & Clinics, Medical Device Companies, Food & Beverage Industry, Other End Users), and Geography. The study also evaluates industry competitors and analyzes the regional and country-level markets.
Among offerings, in 2024, the equipment segment is expected to account for the largest share of the market. The large share of the segment is attributed to their effectiveness in sterilizing reusable medical instruments, surgical instruments, and other materials required for various microbial-safe environments. Increasing cases of hospital-acquired infections, rising number of surgical procedures, growing prevalence of chronic diseases with the aging population, and growth in the life sciences industry for bioproduction, drug discovery, and research also contribute to the segment's large share.
Among end users, in 2024, the hospitals & clinics segment is expected to account for the largest share of the market. The large share of the segment is attributed to factors such as the growing number of hospital admissions, increasing prevalence of hospital-acquired infections, efforts towards reducing the healthcare burden caused due to HAIs, and the growing demand for clean and quality healthcare facilities among people.
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Among geographies, in 2024, North America is expected to account for the largest share of the market. The large share of this segment is attributed to factors such as growing healthcare expenditure, growth in the pharma & biotech industry, increasing aging population with chronic diseases, and government initiatives to reduce HAIs and implement effective sterilization equipment practices.
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About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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