Growing chronic disease incidence will boost the sterilization equipment market, forecast to touch US$ 9.7 Bn by 2025 at a CAGR of 10.5%
Noida, Uttar Pradesh, India, March 11 2021 (Wiredrelease) Report Ocean Pvt Ltd –:An increase in the prevalence of healthcare-acquired infections (HAIs) due to the lack of sanitation and preventive measures is a key factor anticipated to propel the market growth during the forecast period. According to the Centers for Disease Control and Prevention (CDC) report in 2018, around 1.7 million cases of HAIs and about 99,000 associated deaths are reported each year in American hospitals. As per the European CDC (ECDC) report published in 2018, the prevalence of HAIs in the European countries was around 7.1%. It also reported that approximately 4,131,000 patients suffer from HAIs in Europe each year. Such rising cases are expected to increase the demand for sterilization equipment. Sterilization equipment is required for sterilization and cleaning of different equipment used in hospitals to prevent infections and reduce the spread of diseases. Following these promising developments, the Global Sterilization Equipment Market is estimated to see healthy growth, pegged at a CAGR of around 10.5% throughout the forecast period 2020-2025.
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Rising concern regarding post-operation acquired infection and diseases
Sterilization devices are essential for removing or destroying all microorganisms, including protozoa, fungi, viruses, non-spore-forming, and spore-forming bacteria. These microorganisms can contaminate pharmaceuticals or other materials, therefore, constitute a health hazard that augments sterilization equipment demand. Moreover, traditional sterilization techniques using saturated steam or hot air under pressure are the most reliable methods that offer specific products sterility. Also, different sterilization methods include gas, ionizing radiation, and filtration that easily removes microorganisms’ presence and should further increase the medical radiation sterilization equipment market growth in the coming years.
However, the high cost associated with sterilization equipment worldwide and the stringent regulatory scenario in the developing countries are estimated to slow down the industry growth during the forecast timeframe.
Sterilization eradicates biological agents that include transmissible agents such as spore forms, fungi, unicellular eukaryotic organisms, fluids, and bacteria. Sterilization is a beneficial procedure in the medical industry with sterility and the sterilization equipment’s efficacy as a major factor. Numerous health issues over the utilization of unsterilized equipment create public health concerns and lethal hepatitis, emphasizing the necessity for effective infection control. Thus, sterilization equipment is considered an essential part of the health care setting. Moreover, widespread Ebola virus incidence has emphasized the proper administration of medical facilities and the crucial need for a hygienic environment.
In March 2020, the Manufacturing and Sterilization for COVID-19 (MASC) Initiative were introduced at Penn State, US. With over 350 researchers and counting contributing their expertise, the initiative is primarily focused on designing and delivering rapidly scalable solutions and creating tangible impact, particularly within the Commonwealth of Pennsylvania.In April 2020, Advanced Sterilization Products (US) received US FDA Emergency Use Authorization (EUA) for its STERRAD sterilizers. This enabled healthcare providers to decontaminate N95 Respirators using STERRAD Sterilization Cycles in hospital settings.
Segmentation Overview of the Global Sterilization Equipment Market
The sterilization equipment market is segmented based on Product and End User. These major market segments are further categorized into various sub-segments to study the market in detail.
By Product Outlook
Consumables & Accessories (Sterilization Indicators) Biological Indicators, Chemical Indicators
Instrument Packaging & Pouches
Heat Sterilization Equipment (Moist Heat Sterilizers, Dry Heat Sterilizers)
Low-temperature Sterilization Equipment (Hydrogen Peroxide / Gas Plasma Sterilization, Ethylene Oxide Sterilizers, Ozone-based Medical Sterilizers, Formaldehyde Sterilizers, Others)
Radiation Sterilization Equipment
Filtration Sterilization Equipment
Ethylene Oxide Sterilization Services (Gamma Sterilization Services, E-beam Sterilization Services)
Steam Sterilization Services
By End User Outlook (Hospitals & Clinics, Medical Device, Pharmaceutical, Food & Beverages, Others)
Key Players Insights
STERIS Plc., Cantel Medical Corp., Getinge AB, 3M Company, Advanced Sterilization Products, MMM Group, MATACHANA group, Cardinal Health, Inc., Sotera Health, and Belimed, among others, are some significant players included in the research study of the global sterilization equipment market.
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