Press release
Sterilization Equipment Market Projected to Reach $30.71 Billion by 2031
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Key factors driving market expansion include the increasing adoption of e-beam sterilization technology, the rising demand for sterilization products in emerging markets, and the growing popularity of supercritical CO2 sterilization in the medical device industry. These advancements are poised to significantly impact the market's trajectory.
While non-compliance with sterilization standards in the healthcare sector presents a challenge, the industry is grappling with the harmful effects of ethylene oxide and concerns surrounding the safety of reprocessed instruments, which may impede market growth to some extent.
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Key Market Players:
STERIS plc.
Getinge AB
3M Company
Advanced Sterilization Products
MMM Group
MATACHANA group
Cardinal Health, Inc.
Sotera Health
Belimed AG
Benchmark Scientific, Inc.
Andersen Sterilizers, Inc.
Steelco S.P.A.
Market Segmentation:
The sterilization equipment market is segmented by offering (equipment, services, consumables & accessories), end-user (hospitals & clinics, medical device companies, food & beverage industry, others), and geography.
Key Market Insights:
Equipment Dominates: Heat/steam sterilization equipment is expected to hold the largest market share in 2024, driven by its effectiveness in sterilizing reusable medical and surgical instruments.
Hospitals & Clinics Lead: The hospitals & clinics segment is anticipated to be the primary end-user, fueled by rising hospital admissions, increasing HAIs, and a growing focus on providing clean and quality healthcare facilities.
North America Takes the Lead: North America is projected to dominate the market in 2024, driven by factors such as higher healthcare spending, growth in the pharma & biotech industry, and government initiatives to reduce HAIs.
As the healthcare industry continues to evolve and prioritize infection prevention, the sterilization equipment market is poised for sustained growth, driven by technological advancements and a growing demand for safe and effective sterilization solutions.
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