Sterilization Equipment and Disinfectants Market Segmentation and Strategies of Key Players For 2019

Sterilization equipment and Disinfectants are used in healthcare facility to kill or eliminate harmful agents (such as bacteria, fungi and viruses) and are used as infection control agents. Increase in geriatric population coupled with rising number of surgeries in hospitals and clinics globally drive the growth of this market. According to the Centres for Disease Control and Prevention, approximately 46.5 million surgical procedures and 5 million gastrointestinal endoscopies are performed in the United States every year. Thus, with increasing number of surgeries the demand for sterilization equipment and disinfectants will also increase in order to avoid transmission of infection pathogens. The market of sterilization equipment and disinfectants is segmented as equipment, application and types of disinfectants. The sterilization equipment is further segmented as heat sterilization, low temperature sterilization, filtration sterilization and radiation sterilization. Application segment can be categorized as life sciences, medical devices and pharmaceuticals. While Low, intermediate and high level and oxidizing and non-oxidizing are the two segments of type of disinfectants. The global market for sterilization equipment and disinfectant market is expected to grow at a CAGR of 8.5% from 2013 to 2019 to reach an estimated value of USD 9,153.9 million in 2019.

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Primary factors that drives the growth of the sterilization equipment and disinfectants market are geriatric population, rise in prevalence of cancer and increasing number of hospital-acquired infections (HAI). Furthermore, increase in per capita healthcare expenditure would also propel the growth of this market. In addition, technological advancements such as introduction of E-beam and gamma are expected to have a strong growth during the study period due to high product compatibility and low cost. However, high cost of sterilization equipment and disinfectant processes may restrain the growth of this market. In addition, safety is one of the concerns that restrict the growth of this market. For example, ethylene oxide is used as a sterilizing agent which also contains mutagenic as well as carcinogenic properties.

The market for heat sterilization equipment accounted for the largest share in terms of revenue of total sterilization equipment market in 2012 and is expected to grow at a CAGR of 8.6% during the forecast period. This growth is due to the fact that it is more user-friendly in comparison to low temperature sterilization and others. Also, it is safe while utilizing for sterilization. Low temperature sterilization is expected to grow at the highest CAGR of 10.9% during the forecast period 2013 to 2019. This growth is attributed to its efficiency in sterilizing complex and sophisticated medical devices such as endoscopes (via EtO sterilization).

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Geographically, North America accounted for the largest share of the global sterilization equipment and disinfectant market, accounting for more than 40% of the total market in 2012. This is justified by increasing demand of non-disposable surgical instruments such as endoscopy devices, distractors and forceps. In addition, rapidly rising hospital acquired infections in North America further boost the growth of sterilization equipment and disinfectant market. Asia-Pacific region is the fastest growing market, growing at the CAGR of 10.9% during the year of 2013 -2019. Increasing prevalence rates of infectious diseases such as chikungunya, dengue and Japanese encephalitis due to population growth triggers the sterilization equipment and disinfectants market in these regions. The major players operating in the global sterilization equipment and disinfectant market include STERIS Corporation, Getinge Group and Advanced Sterilization Products Services Inc., Synergy Health Plc., Belimed A.G. and 3M Company.

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