Sterilization Equipment Market Analysis By Technique (Heat, Low Temperature, Filtration, Radiation, Liquid), By End Use (Hospitals, Pharmaceutical, Medical Devices, Clinical Laboratories), And Segment Forecasts, 2018 - 2025

Industry Insights

The global sterilization equipment market size was valued at USD 3.9 billion in 2015. The increasing number of surgical procedures and aging populating are the major factors expected to propel the growth. In addition, the rise in the incidence of chronic diseases and various initiatives taken by the government to ensure adoption of essential sterilization standards in hospitals & research centers is expected to drive the growth of the sterilization equipment industry during the forecast period. Currently, stringent medical safety and infection control norms are increasing public awareness of the global population resulting in shorter hospital stays and lesser healthcare costs.

Similarly, with the increasing demand for food supply and the introduction of exotic fruits & vegetables, stricter norms have been introduced to ensure the safety & quality of such products. Technologies such as low-temperature and gamma irradiation are used for sterilization processes in the food industry. Hence, the use of such techniques is spurring the growth of sterilization equipment in the food processing industry.

U.S. sterilization equipment market, by technique, 2014 - 2025 (USD Million)

Technique Insights

The heat segment accounted for the largest share in 2015, as the technique is the most widely used as a reliable method of sterilization. Heat sterilization works the best when used in hydrated state rather than dry state.

The market for low-temperature segment is expected to witness the highest growth during the forecast period. Low-temperature technique is compatible with most of the delicate medical equipment and is extremely easy to control & monitor. In addition, the technique penetrates packaging material, device lumens, and plastics, thus driving the growth in the near future.

End Use Insights

The hospitals segment dominated in 2015 and is expected to govern throughout the forecast period. The factors driving growth include increasing number of hospital-acquired infections, growing number of surgeries performed, and the presence of a large volume of patient enrollments.

Pharmaceutical companies is the second leading segment after hospitals. The constant introduction of biological products into the market and various practices involved to provide greater assurance on pharmaceutical sterilization processes are a few factors driving the growth of the segment. Furthermore, increasing number of pharmaceutical companies and their rapid growth in the developing regions is primarily responsible for the growth of this segment.

Global sterilization equipment market, by technique, 2015

Regional Insights

North America dominated the sterilization equipment market with the largest revenue share in 2015. Increasing demand for non-disposable surgical equipment and increasing number of surgical procedures in hospitals is aggressively propelling the growth in North America. In addition, the presence of a large target population, greater demand for advanced sterilization technologies, and sophisticated medical infrastructure in the region is expected to boost the growth in North America.

On the other hand, Asia Pacific is expected to witness the fastest growth during the forecast period. The presence of large population and higher occurrence of hospital-acquired infections in hospitals & surgery centers would boost the growth in the Asia Pacific region. Furthermore, increasing number of pharmaceutical companies and potential growth in the food & beverage industry, which completely rely on sterilized products is also driving the Asia Pacific sterilization equipment market.

Competitive Insights

Currently, the global sterilization equipment industry is consolidated in nature with only a few top companies capturing the major share. Some of the top companies are STERIS Corporation, Getinge Group, and Advanced Sterilization Products Services, Inc. Other companies include 3M; Belimed; Cantel Medical; MATACHANA GROUP; Sterigenics International LLC; and TSO₃.

A number of companies aim to focus on the launch of new products and the introduction of technologically advanced sterilization equipment in order to expand sales and gain a foothold in the fast-developing medical devices sector. Furthermore, advanced R&D ventures, partnerships, and collaborations for the development of next-generation products are a few strategies that would result in considerable development for various companies.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, & country levels as well as provides an analysis on the latest trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the sterilization equipment market on the basis of technique, end use, and region:

• Sterilization Technique Outlook (Revenue, USD Million, 2014 - 2025)

  • Heat 

  • Low temperature

  • Filtration

  • Radiation

  • Liquid

• End Use Outlook (Revenue, USD Million, 2014 - 2025)

  • Hospitals

  • Pharmaceutical companies

  • Medical devices companies

  • Clinical laboratories/research centers

  • Others

• Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

  • Asia Pacific

    • Japan

    • China

  • Latin America

    • Brazil

    • Mexico

  • MEA

    • South Africa