Sterilization Equipment Market to Surpass $23.7 Billion by 2032, Growing at 8.36% CAGR

Global Sterilization Equipment Market Poised for Significant Growth Amidst Technological Advancements and Rising Healthcare Demands

March 5, 2025 - The global sterilization equipment market is on a trajectory of substantial growth, driven by increasing healthcare-associated infections (HAIs), a surge in surgical procedures, and the imperative need for stringent infection control measures across various industries. The Global Sterilization Equipment Market was valued at USD 12.47 Bn. in the year 2024 and is expected to reach USD 23.70 Bn. by 2032 with a growing CAGR of 8.36% over the forecast period of 2025-2032.

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Market Estimation, Growth Drivers, and Opportunities

The escalating prevalence of HAIs has become a critical concern globally, prompting healthcare facilities to adopt advanced sterilization protocols. According to the World Health Organization (WHO), out of every 100 patients in acute care hospitals, seven in high-income countries and 15 in low- and middle-income countries will experience at least one HAI during their hospital stay. This alarming statistic underscores the urgent need for effective sterilization solutions.

Concurrently, the volume of surgical procedures is on the rise, attributed to factors such as an aging population, increasing incidence of chronic diseases, and advancements in surgical techniques. The National Center for Biotechnology Information (NCBI) reports that approximately 310 million surgeries are performed annually worldwide, with 40-50 million in the United States alone. This surge necessitates reliable sterilization equipment to ensure patient safety and optimal outcomes.

Beyond healthcare, industries such as pharmaceuticals, biotechnology, and food and beverage are recognizing the importance of sterilization to maintain product integrity and consumer safety. The increasing outsourcing of sterilization services by pharmaceutical companies and hospitals presents lucrative opportunities for market expansion. Additionally, the adoption of eco-friendly sterilization methods is emerging as a significant opportunity, aligning with global sustainability goals.

U.S. Market Trends and Investments

In 2024, the U.S. sterilization equipment market witnessed notable trends and investments. A significant development was the spin-off of Solventum from 3M, positioning it as a major player in wound care and surgical sterilization products. However, in its first independent quarter, Solventum reported a 70% decline in profit, primarily due to increased operating expenses and stagnant sales growth. Operating expenses rose by 11% to $1.84 billion, while net income dropped to $89 million from $321 million in the previous year. Despite these challenges, Solventum updated its full-year adjusted profit forecast, reflecting optimism about future performance.

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Market Segmentation and Dominant Shares

The sterilization equipment market is segmented based on product and service offerings, technology, and end users. In 2024, the equipment segment is expected to account for the largest share of 55.3%. This dominance is attributed to the high adoption of sterilization equipment in medical devices and pharmaceutical industries, driven by the need to ensure safety and compliance with regulatory standards.

Among end users, hospitals and clinics represent the largest segment, accounting for 35.9% of the market share. This is due to the high prevalence of HAIs, an increasing number of surgical procedures, and a growing demand for clean and quality healthcare facilities.

Competitive Analysis

The global sterilization equipment market is characterized by the presence of several key players:

STERIS plc (U.S.): A leader in infection prevention technologies, STERIS has been proactive in expanding its product portfolio. In March 2024, the company launched the Verafit Sterilization Bags and Covers to support EU GMP Annex 1 compliance, aiding biopharmaceutical companies in meeting stringent sterilization standards.

Getinge AB (Sweden): Specializing in sterilization and disinfection solutions, Getinge introduced the Poladus 150 in June 2024, a low-temperature sterilizer designed for heat-sensitive surgical instruments. This innovation addresses the need for advanced sterilization methods compatible with modern medical devices.

Sotera Health Company (U.S.): Through its subsidiary, Sterigenics, Sotera Health expanded its service portfolio by launching a new sterilization technology utilizing nitrogen dioxide gas at its Belgium facility in May 2022. This advancement offers a low-temperature sterilization option suitable for heat-sensitive products.

Advanced Sterilization Products, Inc. (U.S.): A subsidiary of Fortive Corporation, the company launched new steam monitoring products in October 2023, including BIOTRACE Readers and VERISURE Chemical Indicators. These products enhance the efficiency and reliability of sterilization processes in healthcare facilities.

3M Company (U.S.): Known for its diversified healthcare products, 3M continues to innovate in sterilization monitoring and infection prevention solutions, maintaining a strong presence in the global market.

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Regional Analysis
The sterilization equipment market exhibits significant regional variations:

United States: The U.S. holds a substantial share of the global market, driven by a well-developed healthcare infrastructure, a high volume of surgical procedures, and stringent regulatory policies ensuring the delivery of safe healthcare services.

United Kingdom and Germany: Both countries have advanced healthcare systems and are proactive in implementing stringent infection control measures. Government initiatives to reduce HAIs and investments in healthcare infrastructure contribute to market growth in these regions.

France: France's focus on improving healthcare quality and patient safety has led to increased investments in sterilization technologies. Additionally, the country's growing pharmaceutical sector further boosts demand for sterilization equipment.

Japan: Japan is at the forefront of technological advancements in healthcare and medical device sterilization. The country's regulatory authorities, such as the Pharmaceuticals and Medical Devices Agency (PMDA), emphasize stringent sterilization requirements, driving market growth.

China: China's expanding healthcare industry, coupled with government initiatives to modernize hospitals and medical facilities, fuels demand for sterilization equipment. Additionally, the rising number of healthcare facilities in response to an aging population supports market expansion.

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Conclusion

The sterilization equipment market is witnessing substantial growth, driven by increasing infection control measures, technological advancements, and a rising number of surgical procedures worldwide. The U.S. remains a dominant player, while European and Asian markets continue to invest in high-quality sterilization solutions to meet growing healthcare demands.

Looking ahead, key growth factors include the adoption of eco-friendly sterilization methods, advancements in low-temperature sterilization technologies, and increasing regulatory support for stringent infection prevention measures. Companies investing in research and development, strategic partnerships, and sustainable sterilization solutions will gain a competitive edge in this expanding market.

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