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Market Research Report
Product code
1000745
Sterilization Equipment Market by Product and; Services {Equipment [Heat, Low-temperature (Ozone, Formaldehyde), Filtration), Consumables (Sterilization Indicators, Sterilants), Services (Gamma, Steam)], End User} - Global Forecast to 2027 |
Sterilization Equipment Market by Product and; Services {Equipment [Heat, Low-temperature (Ozone, Formaldehyde), Filtration), Consumables (Sterilization Indicators, Sterilants), Services (Gamma, Steam)], End User} - Global Forecast to 2027 |
Published: April 16, 2021
Meticulous Market Research Pvt. Ltd.
Content info: 218 Pages
Delivery time: 1-2 business days
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Sterilization Equipment Market by Product & Service {Equipment [Heat, Low-temperature (Ozone, Formaldehyde), Filtration), Consumables (Sterilization Indicators, Sterilants), Services (Gamma, Steam)], End User (Hospitals, Pharma) - Global Forecast to 2027.
Succeeding extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out the key industry drivers, restraints, opportunities, and challenges. The growth in the sterilization equipment market is mainly attributed to the growing incidence of hospital-acquired infections, the impact of the COVID-19 pandemic, rising number of surgical procedures, rising demand for sterilization in the food industry, and increasing sterilization demand from pharmaceutical & biotechnology industries. In addition, the growing demand for sterilization products in emerging economies and increasing use of e-beam sterilization provide significant opportunities for vendors across the globe.
The sterilization equipment market is expected to grow at a CAGR of 12.2% from 2020 to 2027 to reach $23.7 billion by 2027.
Based on the product and service, the equipment segment dominated the market in 2020 due to an increase in HAIs, the need for food safety, their effectiveness for sterilizing reusable materials & instruments, and the rapidly growing production of vaccines during COVID-19.
Based on end user, the hospitals & clinics segment is expected to grow at the fastest growth rate due to rapidly growing surgical procedure volume, need for quality care, rising incidence of HAIs, and the growing number of hospital admissions due to COVID-19.
An in-depth analysis of the sterilization equipment market's geographical scenario provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region. North America is expected to command the largest share of the sterilization equipment market in 2020, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The key players operating in the sterilization equipment market are STERIS plc. (U.S.), Cantel Medical Corp. (U.S.), Getinge AB (Sweden), 3M Company (U.S.), Advanced Sterilization Products (U.S.), MMM Group (Germany), MATACHANA group (Spain), Cardinal Health, Inc. (U.S.), Sotera Health (U.S.), and Belimed (Switzerland), among others.
Key Questions Answered in the Report-
Sterilization Equipment Market, by Product and Service
Sterilization Equipment Market, by End User
Sterilization Equipment Market, by Geography