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)
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 a hydrated state rather than a dry state.
The low-temperature segment is expected to witness the highest growth during the forecast period. The 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.
The hospital 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
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 are 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 are also driving the Asia Pacific sterilization equipment market.
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 Attribute |
Details |
Market size value in 2020 |
USD 6.79 billion |
Revenue forecast in 2025 |
USD 9.8 billion |
Growth Rate |
CAGR of 10.2% from 2018 to 2025 |
Base year for estimation |
2016 |
Historical data |
2014 - 2016 |
Forecast period |
2018 - 2025 |
Quantitative units |
Revenue in USD million, and CAGR from 2018 to 2025 |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors and trends |
Segments covered |
Sterilization technique, end-use, region |
Regional scope |
North America; Europe; Asia Pacific; Latin America; & MEA |
Country scope |
U.S.; Canada; UK; Germany; Japan; China; Brazil; Mexico; South Africa |
Key companies profiled |
STERIS Corporation; Getinge Group; Advanced Sterilization Products Services; Inc.; 3M; Belimed; Cantel Medical; MATACHANA GROUP; Sterigenics International LLC; TSO3. |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at global, regional, & country levels as well as provides an analysis of 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 global 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
The U.S.
Canada
Europe
U.K.
Germany
Asia Pacific
Japan
China
Latin America
Brazil
Mexico
MEA
South Africa
This report has a service guarantee. We stand by our report quality.
We are in compliance with GDPR & CCPR norms. All interactions are confidential.
Design an exclusive study to serve your research needs.
Get your queries resolved from an industry expert.
"The quality of research they have done for us has been excellent..."
With an abnormally high incubation period, little information about the exact mode of transformation, and the uncertainty of surface survivability of SARS Cov2 virus in various materials, wide-scale decontamination, and sterilization of surfaces, equipment, and environment remains critical to control the Covid-19 epidemic. The demand for sterilization equipment is therefore expected to observe a surge in the year 2020 and is expected to remain among critical necessities for hospitals and public institutions worldwide. We are considering this pandemic impact on our estimates. The updated report will include Covid-19 as a key market contributor.