Press release
Sterilization Equipment and Disinfectants Market: Soaring to New Heights with $10.81 Billion Projection by 2029
Sterilization Equipment and Disinfectants Market Growth
What Is The Projected Market Size Of The Global Sterilization Equipment and Disinfectants Market And Its Growth Rate?
The sterilization equipment and disinfectants market has shown significant growth recently and is projected to continue this trend. Market statistics include:
• The market is predicted to increase from $6.98 billion in 2024 to $7.68 billion in 2025, with a compound annual growth rate (CAGR) of 10.1%.
• Market growth in the historic period was driven by strong economic growth in emerging markets and increasing demand for eco-friendly disinfectants.
• By 2029, the market is expected to reach $10.81 billion with a CAGR of 8.9%.
• The anticipated growth during the forecast period can be attributed to government support, a rise in chronic diseases, a rapidly aging population, and the growing incidence of hospital-acquired infections.
What Is Driving The Growth In The Sterilization Equipment and Disinfectants Market?
Government regulations to combat COVID-19 are expected to boost market growth during the forecast period. U.S. EPA's accelerated review for adding emerging viral pathogens claims to current disinfectant labels and flexibility in procuring ingredients are some significant steps towards supporting this industry. This flexibility also extends to changes in formulations and manufacturing facilities, allowing the release of products without waiting for prior approval. The focus on safety and supply chain challenges holds strong potential for revenue growth in the sterilization equipment and disinfectants market.
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Who Are the Key Players Driving Sterilization Equipment and Disinfectants Market Growth?
The sterilization equipment and disinfectants market sees notable contributions from several major players including:
• Steris Plc
• Getinge AB
• Advanced Sterilization Products
• Sotera Health LLC
• Belimed AG
• 3M company
• Fortive Corporation
• SHINVA MEDICAL INSTRUMENT CO., LTD.
• CISA Production Srl
• Tuttnauer
What Are The Key Trends In The Sterilization Equipment and Disinfectants Market?
Key trends influencing the future of the sterilization equipment and disinfectants market include:
• New product launches
• Focus on disinfection robots
• Mergers and acquisitions
• New facility expansions
• Technological advancements
• Partnerships and collaborations
• Increasing investments
What Are The Segments Of The Global Sterilization Equipment and Disinfectants Market?
The sterilization equipment and disinfectants market focuses on several key segments:
1) Product Type: Sterilization Equipment, Disinfectants
2) Method: Physical Method, Chemical Method, Mechanical Method
3) End Use: Hospitals And Clinics, Clinical Laboratories, Pharmaceutical Companies, Other Industries, Non-Industrial Use
Which Region Leads The Sterilization Equipment and Disinfectants Market?
Asia-Pacific was the largest region in the sterilization equipment and disinfectants market in 2024, followed closely by North America. The market report also covers regions such as Western Europe, Eastern Europe, South America, the Middle East, and Africa.
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What Is Covered In The Sterilization Equipment and Disinfectants Market Global Market Report?
- Market Size Analysis: Analyze the Sterilization Equipment and Disinfectants Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Sterilization Equipment and Disinfectants Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Sterilization Equipment and Disinfectants Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Sterilization Equipment and Disinfectants Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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