Home > Healthcare > Medical Devices > Infection Control > Sterilization Equipment Market
Sterilization Equipment Market size crossed USD 6 billion in 2018 and is projected to achieve over 7% CAGR up to 2025.
Sterilization is a method of eradicating biological agents that specifically include transmissible agents such as spore forms, fungi, unicellular eukaryotic organisms, fluids and bacteria among others. Sterilization is a beneficial procedure in the medical industry with sterility and efficacy of the sterilization equipment as a major factor. Numerous health issues over utilization of unsterilized equipment create public health concerns and lethalhepatitis, that emphasize the necessity for effective infection control. Thus, sterilization equipment is considered as the most essential part of the health care setting. Moreover, widespread incidence of Ebola virus has emphasized on the proper administration of medical facilities and crucial need of hygienic environment.
Report Attribute | Details |
---|---|
Base Year: | 2018 |
Sterilization Equipment Market Size in 2018: | 6 Billion (USD) |
Forecast Period: | 2019 to 2025 |
Forecast Period 2019 to 2025 CAGR: | 7% |
2025 Value Projection: | 9.9 Billion (USD) |
Historical Data for: | 2014 to 2018 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 156 |
Segments covered: | Product type, End-use and Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
The history of sterilization equipment market can be tracked back to late 1860s, when a French chemist, Louis Pasteur, proved that bacteria were a cause of disease in humans and animals. He also developed the process of pasteurization that uses heat to kill microorganisms in milk. Later in 1940s, Joseph Lister, an English surgeon, developed an antiseptic technique for performing surgery. The use of surgical gowns, caps, masks, and gloves became routine in the 1960s to avoid any further contamination. Furthermore, from 2000s surge in the number of hospital-acquired infections stimulated the sterilization equipment demand. In addition, the accelerating number of surgeries in developing countries coupled with developing healthcare infrastructure support the business growth over coming years.
Sterilization devices are essential for the removal or destruction of all microorganisms including protozoa, fungi, viruses, non-spore forming, and spore-forming bacteria. These microorganisms can contaminate pharmaceuticals or other materials, therefore, constitute a health hazard that augments sterilization equipment demand. Furthermore, traditional sterilization techniques using hot air or saturated steam under pressure are the most reliable methods that offer specific sterility to the products. Additionally, different sterilization methods include gas, ionizing radiation, and filtration that easily removes the presence of microorganisms should further boost the medical radiation sterilization equipment industry progress.
However, high cost associated with sterilization equipment across the globe coupled with the stringent regulatory scenario in developing economies may hinder the industry growth during analysis timeframe.
The product segment is divided into heat sterilizers, low-temperature sterilizers, sterile membrane filters, radiation sterilization devices and consumables & accessories. Sterile membrane filters segment accounted for more than USD 1.0 billion in 2018. Sterile filtration is utilized mainly for thermolabile solutions by passage via sterile bacteria-retaining filters including cellulose derivatives, sintered glass and porous ceramic. Normally, the membranes are not larger than 0.22 μm nominal pore size, that effectively filters the particles and microorganisms.
A bubble point or similar test is extensively preferred that employs a prescribed pressure to force air bubbles through the intact membrane, previously wetted with the product. Thus, several such mentioned factors prove beneficial for the overall sterilization equipment market share expansion.
The end-use segment of sterilization equipment market share is fragmented into hospitals & clinics, biotech and pharmaceutical companies, medical device companies, food & beverage industry and others. Biotech and pharmaceutical companies’ segment will witness over 25.0% revenue share in 2018 owing to the growing need for vaccines and sterile injections. Involvement of several biotech companies for the development of biologics, antibodies and cell therapies, thereby augments the segmental demand. In addition, production of biologics and antibodies require maximum level of sterilization to avoid any possibility of contamination. Also, development of innovative and technologically advanced cell therapies benefits the sterilization equipment industry size.
Furthermore, current good manufacturing practices (cGMP) regulations pertaining to quality control and laboratory testing of the finished product. Thus, compliance with these regulations by various pharmaceutical and biotech companies, approved by the U.S. FDA, will further play a major role to spur segmental progress.
Asia Pacific sterilization equipment market outlook will show more than 8.0% CAGR owing to increasing number of biotechnology and pharmaceutical companies. Regional growth can be attributed to influential foothold of leading biotech and pharma companies coupled with rising R&D investments. Moreover, population in the Asian countries including China and Japan is aging. The geriatric population is more prone to several chronic diseases. Thus, such demographic trend will drive the demand for surgical procedures, that will in turn enhance the need for sterilization equipment.
Indian market size accounted for over USD 200 million in 2018, owing to favourable reimbursement policies and growing healthcare expenditure. Rising number of medical procedures in India accounts for improved sterility equipment that effectively manages patient health. Moreover, various government initiatives for sterilization and disinfection of surgical devices used in healthcare facilities will propel the business growth.
Some of the eminent business players operating in sterilization equipment market are:
The prominent industry players tactically implement numerous growth strategies to capitalize market opportunities.
The sterilization equipment market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2014 to 2025, for the following segments:
Click here to Buy Section of this Report
By Product
By End-use
The above information is provided for the following regions and countries: