Sterilization Equipment Market Is Projected To Reach Approximately $12.60 Billion By 2028: Grand View Research Inc.

 

Sterilization Equipment Market Growth & Trends

The global sterilization equipment market size is expected to reach USD 12.60 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.3% from 2021 to 2028. The rising incidence of hospital-acquired infections (HAIs), the impact of the COVID-19 outbreak, and the increasing number of surgical procedures are the key factors driving the market.

The recent outbreak of COVID-19 is anticipated to significantly impact the hospital gowns market. The pandemic, caused by the virus SARS-CoV-2, has drastically increased the demand for medicines, emergency supplies, and hospital equipment, including gowns, antiseptics, and disinfectant products. COVID-19 is a zoonotic virus and bats were considered to be the key reservoir of the virus. The intermediate host has not been identified yet and the transmission has mainly taken place through fomites and droplets during close unprotected contact between infector and infected. Till now airborne transmission of the virus has not been reported. In December 2019, the first patient was reported in China and since then the disease has spread at a rapid pace. The first case was reported in Wuhan and it has been established that the infection was acquired from a zoonotic source. Thereafter, human-to-human transmission of the virus largely took place in families within Wuhan. From Wuhan, it gradually spread to adjoining locations, such as Hubei, Huanggang, Xiaogan, Ezhou, and Jingzhou.

The COVID-19 outbreak and increasing hospital admissions across the globe have significantly increased the demand for sterilization equipment. Consequently, the use of sterilization equipment has also increased due to the increasing number of patients in hospitals and clinics. Proper and regular sterilization of medical devices is one of the essential requirements for treating patients suffering from COVID-19. In such cases, demand for sterilization equipment is anticipated to increase, which, in turn, is expected to propel the market growth. Therefore, the outbreak of COVID-19 has significantly impacted the market and can be a high-impact rendering driver for this market.

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Sterilization Equipment Market Report Highlights

• By product, the low-temperature sterilizers segment held the largest share in 2020. It is a widely-accepted technique in healthcare facilities for equipment and devices that can tolerate both heat and moisture
• Asia Pacific is anticipated to witness the fastest growth over the forecast period owing to the rising number of surgeries and the presence of many local players. Moreover, the rising number of cases of COVID-19 in this region is expected to boost the market growth
• North America dominated the market in 2020 owing to the favorable reimbursement policies in the region

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Sterilization Equipment Market Segmentation

Grand View Research has segmented the global sterilization equipment market on the basis of product and region:

Sterilization Equipment Product Outlook (Revenue, USD Million, 2016 - 2028)

• Heat Sterilizers
  • Depyrogenation Oven
  • Steam Autoclaves
• Low-temperature Sterilizers
  • Ethylene Oxide Sterilizers
  • Hydrogen Peroxide Sterilizers
  • Others
• Sterile Membrane Filters
• Radiation Sterilization Devices
  • Electron Beams
  • Gamma Rays
  • Others

Sterilization Equipment Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
• Latin America
  • Brazil
  • Mexico
• MEA
  • South Africa
  • Saudi Arabia

List of Key Players of Sterilization Equipment Market

• STERIS PLC.
• Sterigenics U.S., LLC
• Cantel Medical
• E-BEAM Services, Inc.
• Fortive

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.