Sterilization Equipment Global Market is Expected to Reach $22.4 Billion by 2033: Increasing Prevalence of Healthcare-acquired Infections (HAIs) is Expected to Fuel Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Sterilization Equipment Market, By Product, By Services, By End User, and by Region - Global Forecast to 2023-2033" report has been added to ResearchAndMarkets.com's offering.

The global sterilization equipment market size was USD 7,547.8 million in 2022 and is expected to reach at USD 22,434.3 million by 2033 with a CAGR of 10.41% during the forecast period 2023-2033.

Growing incidences of Healthcare-Acquired Infections (HAIs), increase in the number of surgical procedures in clinics, expanding healthcare sector, and growing prevalence of numerous infectious diseases are some of the factors contributing to the market growth.

Furthermore, increase in the incidence of chronic diseases such as diabetes, cancer, and other autoimmune diseases and rising focus on food sterilization and disinfection are other factors supporting the market growth. However, strict rules and regulations by government regarding the equipment approval are expected to hinder the growth.

Growing prevalence of Healthcare-Acquired Infections (HAIs) is expected to fuel the market growth during the forecast period. Invasive methods and tools are used in modern healthcare to treat patients and speed up their recovery. For instance, in November 2021, according to World Health Organization report, on average, 1 in every 10 affected patients will die from their HAI each year in American hospitals. Medical treatment tools including ventilators and catheters have been connected to infections.

Increase in the incidence of chronic diseases such as diabetes, cancer, and other autoimmune diseases is expected to propel the market growth during the forecast period. For instance, in September 2021, around one in two (240 million) persons with diabetes are undiagnosed, and the disease resulted in 6.7 million deaths, according to estimates from the World Diabetes Federation.

In addition, a major healthcare burden on the world has been cancer. In February 2022, Cancer is predicted to be the biggest cause of death worldwide in 2020, accounting for approximately to 10 million fatalities, according to World Health Organization (WHO) data.

Market Segmentation:

By Product (Revenue, USD Million), 2022 - 2033

Low-temperature Sterilizers

• Hydrogen Peroxide Sterilizers
• Ethylene Oxide Sterilizers)

High-Temperature Sterilizers

• Steam Sterilization
• Dry Sterilization

Radiation Sterilization Devices

• Gamma Rays
• Electron Beams
• Sterile Membrane Filters

By Services (Revenue, USD Million), 2022 - 2033

• Gamma Radiation Sterilization Services
• Ethylene Oxide Sterilization Services
• X-Ray Services
• Electron Beam Services
• Steam Sterilization Services

By End User (Revenue, USD Million), 2022 - 2033

• Education & Research Institutes
• Hospitals & Clinics
• Food & Beverage Industries
• Pharmaceutical & Biotechnology Companies

By Region (Revenue, USD Million), 2022 - 2033

North America

• U.S.
• Canada

Europe

• Germany
• France
• UK
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of APAC

Latin America

• Brazil
• Mexico
• Argentina
• Rest of LATAM

Middle East & Africa

• South Africa
• GCC
• Rest of MEA

For more information about this report visit https://www.researchandmarkets.com/r/u7a7ha

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900