The global sterilization equipment market size was USD 13.40 Billion in 2022 and is expected to register a rapid revenue CAGR of 8.0% during the forecast period. The global Sterilization Equipment Market is projected to grow significantly in the coming years due to the increasing demand for advanced healthcare facilities worldwide. Sterilization is a critical process that eliminates, removes or inactivates all forms of life, including bacteria, viruses, fungi, and spores, from a surface, a fluid or a product. Sterilization equipment is essential in healthcare settings to ensure that medical devices and instruments are free from harmful microorganisms that can cause infection.
The market is primarily driven by factors such as the growing prevalence of healthcare-associated infections (HAIs) and the increasing number of surgical procedures worldwide. According to the Centers for Disease Control and Prevention (CDC), approximately one in 31 hospital patients in the United States have at least one HAI. This alarming rate of HAIs has led to the increased adoption of sterilization equipment in healthcare facilities to reduce the risk of infection.
Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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Key companies operating in the Sterilization Equipment market include:
Steris, Sterigenics U.S., LLC, E-BEAM Services, Inc., Fortive, Stryker, Andersen Sterilizers, Systec GmbH Co. KG., Midwest Sterilization Corporation, Celitron Medical Technologies Kft, Cosmed Group
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Sterilization Equipment market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global Sterilization Equipment Market
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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Sterilization Equipment Market Segmentation:
Product Outlook (Revenue, USD Billion; 2019-2032)
- Heat Sterilizers
- Low-Temperature Sterilizers
- Sterile Membrane Filters
- Radiation Sterilization Devices
- Others
End-use Outlook (Revenue, USD Billion; 2019-2032)
- Pharmaceuticals
- Hospitals Clinics
- Food Beverage (FB)
- Medical Device Companies
- Others
Regional Outlook (Revenue, USD Billion; 2019–2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East Africa
- North America
Sterilization Equipment Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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