Global Sterilization Equipment Market Estimated to Grow At 8.6% CAGR From 2020 to 2025

Sterilization Equipment Market Size (2020 to 2025)

As per our recent research report, the size of the global sterilization equipment market is forecasted to hit USD 8.37 billion by 2025 from USD 5.54 billion in 2020, registering a 8.6% CAGR between 2020 to 2025.

Key Market Drivers:

The biopharmaceuticals and pharmaceutical companies should maintain a sterile environment facility while manufacturing the equipment. The sterilization process is carried out as per the experts' standards, which is very important to maintain hygiene on the premises. The spread of health acquired infections can be controlled by using sterilization equipment, which is propelling the demand of the market. Increasing chronic diseases and rising prevalence for minimally non-invasive surgeries are influencing the growth rate of the market. Also, the growing demand from the food and beverages industry to use this equipment is solely boosting the market demand. Maintaining a hygienic environment everywhere is become a crucial role across the globe to control the spread of infectious diseases like Ebola and other deadly diseases. The aforementioned factor is ascribed to bolster the demand of the market to the extent.

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Significant Challenges:

However, the rise in concerns over the safety measures of the equipment is hindering the growth rate of the market. People in rural areas are less aware of this equipment, and the shortage of labor is slowly declining the demand of the sterilization equipment market.

COVID-19 impact on the sterilization equipment market:

COVID 19 pandemic has disrupted the global economy. Due to the growing demand to maintain sterility and hygiene with the latest equipment in healthcare, the demand for the sterilization equipment market has surged from the start of the COVID 19 across the countries. Many key players are taking the initiative to deliver scalable solutions to healthcare during this pandemic. For instance, in April 2020, the STERRAD sterilizers received US FDA emergency authorization approval for the Advanced sterilization products. Many researches are going on to introduce effective instruments in favor of the end-users. However, the market shares are experiencing substantial growth in the forecast period.

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This research report on the global sterilization equipment market has been segmented & sub-segmented based on the product, end-user, consumables, accessories, and region.

By Product:

• Low-Temperature/High-Temperature Heat Sterilization
• Filtration Sterilization Equipment
• Ionizing Radiation Sterilization Equipment

By End User:

• Biotech and Pharmaceutical Companies
• Medical Device Companies
• Hospitals
• Food & Beverage Companies

By Consumables and Accessories:

• Detergents
• Sterilization Accessories
• Sterilization Indicators
• Pouches
• Lubricants

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa

Geographically, North America is holding with the market's dominant shares due to the quick adoption of the latest technologies in the healthcare sector. With rising incidences of food borne diseases in the food industry, the demand for the market is greatly surging from the past few years. Increasing the patient pool population with various chronic diseases and increasing need for surgeries are impacting the market's demand towards positive. Rising prevalence to improve the quality of the healthcare services is enhancing the growth rate of the market. The Asia Pacific is following North America in leading the largest shares of the market. The growing elderly population and surge in the number of COVID 19 patients are prompting the market's demand. A rise in the scale of hospitals due to the sudden outbreak of COVID 19 and the growing importance of sterilization equipment is anticipated to fuel the growth rate of the market. Europe is growing at a faster rate during 2020-2025. Favorable reimbursement policies by the government and increasing burden of hospital acquired infections are likely to gain the market's traction.

NOTABLE COMPANIES IN THIS MARKET:

STERIS Corporation (U.S.), Getinge Group (Sweden), Advanced Sterilization Products (U.S.), 3M Company (U.S.), Belimed AG (Switzerland), Cantel Medical Corporation (U.S.), Anderson Products, Inc. (U.S.), Matachana Group (S.A.), MMM Group (Germany) and Sterigenics International, Inc. (U.S.) are  some of the noteworthy companies dominating the global sterilization equipment market.

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List of Tables & Figures of the report:

1. Global Sterilization Equipment Market, By Region, From 2020 to 2025 (USD Billion)
2. Global Sterilization Equipment Market, By Product, From 2020 to 2025 (USD Billion)
3. Global Low-Temperature/ High-Temperature Heat Sterilisation Market, By Region, From 2020 to 2025 (USD Billion)
4. Global Filteration Sterilization Equipment Market, By Region, From 2020 to 2025 (USD Billion)
5. Global Ionizing Radiation Sterilization Equipment Market, By Region, From 2020 to 2025 (USD Billion)
6. Global Sterilization Equipment Market, By End Users, From 2020 to 2025 (USD Billion)
7. Global Pharmaceutical Companies Market, By Region, From 2020 to 2025 (USD Billion)
8. Global Medical Device Companies Market, By Region, From 2020 to 2025 (USD Billion)
9. Global Hospitals Market, By Region, From 2020 to 2025 (USD Billion)
10. Global Food and Beverage Companies Market, By Region, From 2020 to 2025 (USD Billion)
11. Global Other end users Market, By Region, From 2020 to 2025 (USD Billion)
12. Global Sterilization Equipment Market, By Consumables and Accessories, From 2020 to 2025 (USD Billion)
13. Global Detergents Market, By Region, From 2020 to 2025 (USD Billion)
14. Global Sterilization Accessories Market, By Region, From 2020 to 2025 (USD Billion)
15. Global Sterilization Indicators Market, By Region, From 2020 to 2025 (USD Billion)
16. Global Pouches Market, By Region, From 2020 to 2025 (USD Billion)
17. Global Lubricants Market, By Region, From 2020 to 2025 (USD Billion)
18. 130+ More

Browse Regional Reports:

• North America Sterilization Equipment Market
• Europe Sterilization Equipment Market
• Asia-Pacific Sterilization Equipment Market
• Latin America Sterilization Equipment Market
• Middle East and Africa Sterilization Equipment Market

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