Sterilization Equipment Market Introduction 

Sterilization equipment refers to a range of devices and machines that are used to eliminate, remove or inactivate all forms of microorganisms, including bacteria, viruses, fungi, and spores. Sterilization equipment is commonly used in hospitals, laboratories, and other healthcare settings, as well as in pharmaceutical and biotechnology industries to ensure the safety of medical and laboratory instruments, supplies, and products. The process of sterilization can be achieved through various methods such as heat, radiation, chemicals, and filtration, among others. Sterilization equipment plays a critical role in preventing the spread of infections and diseases.

Sterilization Equipment Market Size

The global sterilization equipment market size was valued at USD 10.6 billion in 2020 and is projected to reach USD 15.3 billion by 2026, at a CAGR of 6.4% during the forecast period (2021-2026).The increasing prevalence of hospital-acquired infections (HAIs), rising demand for sterilization equipment in the food and beverage industry, growing geriatric population, and the increasing number of surgical procedures are some of the factors driving the growth of the sterilization equipment market.The report also stated that North America dominated the sterilization equipment market in 2020, followed by Europe and the Asia Pacific. The key players operating in the sterilization equipment market include 3M Company (US), STERIS plc (US), Getinge AB (Sweden), MMM Group (Germany), Belimed AG (Switzerland), Matachana Group (Spain), and Tuttnauer (Israel), among others.

Sterilization Equipment Market Share

STERIS Corporation held the highest market share in the global sterilization equipment market, followed by Getinge AB, 3M Company, Belimed AG, and MMM Group, among others. These companies are involved in the development, production, and marketing of sterilization equipment and related products, and they offer a wide range of products to cater to the diverse needs of end-users.However, it is important to note that the market share of each company may have changed since then, as the market is highly competitive and subject to constant change. Market share data is typically reported on a quarterly or annual basis, so the latest information may be available from market research firms or financial reports of the companies.

Sterilization Equipment Market Trends

Increased Demand for Sterilization Equipment due to COVID-19: The COVID-19 pandemic has led to a surge in demand for sterilization equipment in hospitals, clinics, and other healthcare facilities. Sterilization equipment such as autoclaves, UV disinfection systems, and hydrogen peroxide vaporizers have been in high demand to prevent the spread of the virus.

Technological Advancements: The sterilization equipment industry is constantly evolving with new technologies such as low-temperature sterilization, which has gained popularity due to its low toxicity and compatibility with heat-sensitive instruments. Furthermore, the increasing use of robotics and automation in sterilization processes is expected to drive the market in the coming years.

Growing Need for Sterilization in Food and Beverage Industry: The food and beverage industry is increasingly adopting sterilization equipment to ensure food safety and prevent contamination. This trend is driven by increasing consumer demand for food safety, government regulations, and the need to extend the shelf life of food products.

Growing Popularity of Mobile Sterilization Units: Mobile sterilization units have gained popularity in recent years, especially in rural and remote areas where access to healthcare facilities is limited. These units are equipped with sterilization equipment and can be easily transported to remote locations to provide sterilization services.

Increasing Adoption of Disposable Sterilization Products: Disposable sterilization products, such as single-use sterilization wraps, have gained popularity in recent years due to their convenience and ease of use. These products eliminate the need for cleaning and sterilization, reducing the risk of contamination and infection.

Sterilization Equipment Market Driving Factors

The sterilization equipment market is driven by several factors, including:

Increasing Prevalence of Hospital-Acquired Infections (HAIs): The rising incidence of hospital-acquired infections has increased the demand for sterilization equipment in hospitals and other healthcare facilities. Sterilization equipment is essential in preventing the spread of HAIs and ensuring patient safety.

Growing Geriatric Population: The aging population is driving the demand for sterilization equipment, as the elderly are more susceptible to infections and require more medical procedures. This has led to an increase in the number of surgeries, which in turn has increased the demand for sterilization equipment.

Growing Number of Surgical Procedures: The increasing number of surgeries, both elective and non-elective, is driving the demand for sterilization equipment. Sterilization equipment is essential in ensuring that surgical instruments are free from harmful microorganisms that can cause infections.

Increasing Demand for Sterilization Equipment in the Food and Beverage Industry: The food and beverage industry is increasingly adopting sterilization equipment to ensure food safety and prevent contamination. This trend is driven by increasing consumer demand for food safety, government regulations, and the need to extend the shelf life of food products.

Technological Advancements: The sterilization equipment industry is constantly evolving with new technologies such as low-temperature sterilization and automation, which have improved the efficiency and effectiveness of sterilization processes. These technological advancements are driving the demand for sterilization equipment.

Increasing Healthcare Expenditure: The increasing healthcare expenditure by governments and private organizations is driving the demand for sterilization equipment. The growing emphasis on patient safety and infection control has led to an increase in the adoption of sterilization equipment in healthcare facilities.

Sterilization Equipment Market Regional Analysis

The global sterilization equipment market was analyzed based on the following regions:

North America: North America dominated the sterilization equipment market in 2020 due to the presence of well-established healthcare infrastructure, high adoption of advanced sterilization equipment, and increasing incidence of HAIs.

Europe: Europe was the second-largest market for sterilization equipment in 2020, driven by increasing healthcare expenditure, rising geriatric population, and growing number of surgical procedures.

Asia Pacific: The Asia Pacific region is expected to grow at the highest CAGR during the forecast period, driven by factors such as increasing healthcare expenditure, growing awareness about infection control, and the presence of a large patient pool.

Middle East and Africa: The Middle East and Africa region is expected to grow steadily during the forecast period, driven by increasing healthcare expenditure and rising demand for sterilization equipment in the food and beverage industry.

Latin America: The Latin America region is expected to grow at a moderate pace during the forecast period, driven by increasing healthcare expenditure and the presence of a large patient pool.

The market growth in each region is influenced by factors such as government initiatives, healthcare infrastructure, the prevalence of diseases, and the level of awareness about infection control. 

Sterilization Equipment Market Forecasts 2030 

The global sterilization equipment market is expected to grow at a CAGR of around 7.5% from 2021 to 2030.The increasing prevalence of hospital-acquired infections, the growing geriatric population, and the rising number of surgical procedures are expected to drive the growth of the sterilization equipment market during the forecast period. Additionally, the increasing adoption of sterilization equipment in the food and beverage industry and the growing awareness about infection control are expected to fuel market growth.The report also noted that the Asia Pacific region is expected to witness the highest growth during the forecast period due to increasing healthcare expenditure, rising awareness about infection control, and the presence of a large patient pool. The report further highlighted that technological advancements and the development of low-temperature sterilization techniques are expected to create significant growth opportunities in the sterilization equipment market in the coming years.Overall, the sterilization equipment market is expected to continue to grow significantly in the coming years due to the increasing demand for sterilization equipment in healthcare facilities and the food and beverage industry, and technological advancements in sterilization equipment.

Sterilization Equipment Market Key Industry Players

Some of the key players operating in the global sterilization equipment market included:

STERIS Corporation

Getinge AB

3M Company

Advanced Sterilization Products Services, Inc.

Belimed AG

Cantel Medical Corp.

MMM Group

Matachana Group

Sterigenics International LLC

TSO3 Inc.

These companies are actively involved in the development and production of a wide range of sterilization equipment, including steam sterilizers, low-temperature sterilizers, and radiation sterilizers, among others. They are also actively engaged in research and development activities to develop innovative and advanced sterilization equipment to meet the growing demand for sterilization in various industries. These companies have a strong global presence and are focused on expanding their reach in emerging markets to tap into the growing demand for sterilization equipment.