Ionizing Radiation Sterilization Equipment Market Analysis

Ionizing Radiation Sterilization Equipment Market Analysis

The ionizing radiation sterilization equipment market from gamma irradiation segment garnered more than USD 2 billion revenue size in 2022. The ability of gamma irradiation to achieve high kill rates and eliminate various microorganisms is a major factor propelling segment adoption rate in sterilization processes. Gamma irradiation sterilization equipment offers several advantages such as cost-effectiveness and efficiency for large-scale batch processing, enabling high throughput and faster sterilization cycles as compared to other sterilization techniques will impel segmental growth. Gamma irradiation equipment also requires less maintenance and has lower operational costs compared to alternative technologies, making it an attractive choice for industries seeking efficient sterilization solutions.
 

The viral inactivation segment accounted for over 47% of the ionizing radiation sterilization equipment market share in 2022, attributed to the increasing demand for biopharmaceuticals, advancements in analytical techniques and emerging viral threats, among several others. The viral inactivation process is crucial for industries such as pharmaceuticals, biotechnology, and blood and tissue products to ensure the safety and efficacy of their products. Ionizing radiation sterilization equipment utilized to eliminate or inactivate viruses present in biological materials, therapeutic products, and vaccines.
 

The ionizing radiation sterilization equipment market from hospital segment is poised to record 12.9% CAGR during the estimated timeline, owing to the growing hospital admissions, aging demographics, high volume of surgical procedures and the increasing prevalence of chronic diseases. Moreover, hospitals are adopting ionizing radiation sterilization equipment among settings for high throughput, rapid turnaround time, and effective sterilization to manage the increasing workload in hospitals thereby, accelerating market revenue growth potential.
 

U.S. ionizing radiation sterilization equipment market dominated around USD 1.6 billion revenue size in 2022, due to increasing geriatric population base that are highly prone to several infectious diseases. Moreover, the growing awareness regarding the maintenance of hygienic conditions in healthcare settings and the increasing number of surgeries will boost the market size in the U.S. The rising incidence of HAIs can be attributed to large patient population coupled with rising number people opting for surgeries in the hospitals. For instance, as per the National Nosocomial Infection Surveillance (NNIS) system, hospital-acquired urinary tract infections (UTIs) are the most commonly occurring HAIs and account for up to 40% annual incidence in the U.S.