Global Sterilization Equipment Markets, 2021-2026 - Increasing Outsourcing of Sterilization Creates Opportunities - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Global Sterilization Equipment Market (2021-2026)" report has been added to ResearchAndMarkets.com's offering.
The Global Sterilization Equipment Market is estimated to be USD 11.35 Bn in 2021 and is expected to reach USD 16.6 Bn by 2026, growing at a CAGR of 7.9%.
The increasing prevalence of infectious diseases is the major factor currently driving the market growth. According to WHO, up to May 2021 more than one hundred and sixty-six million confirmed cases of COVID 19 were reported.
In addition, the rising prevalence of hospital-acquired infections and surgical procedures are propelling the market growth. The sterilization process is mandatory in producing pharmaceutical and biotechnological products, thereby increasing the application of sterilization equipment.
Adoption of sterilization equipment in food disinfection is anticipated to increase the market revenue. However, the high cost of equipment and non-compliance to sterilization standards are expected to hinder the market growth.
Government initiatives in improving healthcare infrastructure and rising industrialization in emerging countries are anticipated to create new opportunities for the market.
The Global Sterilization Equipment Market is segmented further based on Products and Services, End User, and Geography.
By Products and Services, the market is classified into sterilization instruments, sterilization services, and sterilization consumables & accessories. Amongst all, the sterilization instruments segment is estimated to hold the highest market share during the forecast period.
By End User, the market is classified as hospitals & clinics, medical device companies, pharmaceutical companies. food & beverages companies, and others. Amongst all, the pharmaceutical companies segment is estimated to hold the highest market share during the forecast period.
By Geography, North America is projected to lead the market.
1. Indian company Xech has launched India's first stethoscope sterilizer, Xech Sterostet, which uses special UV-C GI technology for sterilizing stethoscopes diaphragms of all sizes.
2. Advanced sterilization products received FDA EUA approval for decontamination of millions of compatible N95 respirators to help protect against COVID-19.
Some of the companies covered in this report Steris plc, Stryker Corporation, Getinge GE, Advanced Sterilization Products Services, Inc., The 3M Company, Belimed AG, Matachana Group.
Key Topics Covered:
1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.4 Years Considered
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.3 Market Size Estimation
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1.1 Increasing Prevalence of Infectious Diseases
4.1.2 Growing Pharmaceutical and Food Sectors
4.1.3 Rising Number of Surgeries and Risk of Cross-Contamination
4.2.1 Stringent Government Rules and Regulations
4.2.2 Compliance Issues of Sterilization Equipment
4.3.1 Increasing Outsourcing of Sterilization
4.3.2 Continuous Advancement in Sterilization Equipment Technologies
4.4.1 Chemical Exposure to the Equipment
4.4.2 Shift From Reusable Instruments to Disposable Instruments
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Sterilization Equipment Market, By Product and Services
6.2 Sterilization Instruments
6.2.1 Heat/High-Temperature Sterilizers
18.104.22.168 Moist Heat/Steam Sterilization
22.214.171.124 Dry Heat Sterilization
6.2.2 Low-Temperature Sterilizers
126.96.36.199 Ethylene Oxide Sterilizers
188.8.131.52 Hydrogen Peroxide Sterilizers
184.108.40.206 Ozone-based sterilization instruments
220.127.116.11 Formaldehyde sterilization instruments
6.2.3 Sterile Membrane Filters
6.2.4 Ionizing Radiation Sterilization Devices
18.104.22.168 Electron Beams
22.214.171.124 Gamma Rays
6.3 Sterilization Services
6.3.1 Ethylene Oxide Sterilization Services
6.3.2 Gamma Radiation Sterilization Services
6.3.3 E-Beam Sterilization Services
6.3.4 Steam Sterilization Services
6.3.5 Other Sterilization Services
6.4 Sterilization Consumables & Accessories
6.4.1 Sterilization Indicators
126.96.36.199 Chemical Indicators
188.8.131.52 Biological Indicators
6.4.4 Sterilization Accessories
7 Global Sterilization Equipment Market, By End User
7.2 Hospitals & Clinics
7.3 Medical Device Companies
7.4 Pharmaceutical Companies
7.5 Food & Beverages Companies
8 Global Sterilization Equipment Market, By Geography
9 Competitive Landscape
9.1 Competitive Quadrant
9.2 Market Share Analysis
9.3 Strategic Initiatives
10 Company Profiles
- E-BEAM Services, Inc
- Advanced Sterilization Products Services, Inc.
- Andersen Products, Inc.
- Belimed AG
- Cantel Medical Corporation
- DE LAMA S.p.A
- Getinge GE
- Life Science Outsourcing, Inc
- Matachana Group
- Merck KGaA
- Midwest Sterilization Corporation
- MMM Group
- Noxilizer, Inc.
- Sotera Health
- Sterigenics International LLC
- Steris plc
- Stryker Corporation
- The 3M Company
For more information about this report visit https://www.researchandmarkets.com/r/fuxv5p
Laura Wood, Senior Press Manager
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