Sterilization Equipment Market size to exceed $9.9bn by 2025

Sterilization equipment market size is set to exceed USD 9.9 billion by 2025; according to a new research report by Global Market Insights Inc.
 

Rapid technological advancements in sterilization equipment devices has remarkably driven the market growth. Moreover, the need to eliminate contaminants and intervention from conventional sterilization methods has surged the advancements in sterilization equipment that will boost the market progress.
 

Sterilization reduces the risk of infection and has become a vital part in hospital settings

Increasing need for sterile equipment in the food and beverage industry among others will render significant revenue share to sterilization equipment market outlook. According to the WHO, globally the rate of contamination has increased due to sterilization breaches that may cause severe health problems. Decentralized hospitals and ambulatory surgical centers are amongst the most potential places of acquiring infections and require proper sterilization of healthcare equipment. Additionally, the rising number of surgical procedures and a growing demand for minimally invasive surgeries have eventually increased the demand for sterile equipment. Furthermore, strict guidelines and regulations are implemented to avoid health consequences among the patient pool. Hence, the above-mentioned factors will prove beneficial for the overall market growth.
 

Radiation sterilization is becoming a necessary technique in the medical field

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Radiation sterilization devices segment was valued around USD 300 million in 2018 and is projected to witness significant progress over the forthcoming years. Radiation sterilization devices are extensively applicable in tissue pharmaceutical packaging, allograft preparation, and surgical instruments. Radiation sterilization relies on ionizing radiation, primarily on electron radiation or X-ray and gamma. This radiation helps in deactivating microorganisms such as fungi, bacteria, spores, and viruses thereby enhance the segmental growth. Moreover, radiation sterilization has numerous advantages over chemical-based or heat sterilization techniques and is particularly attractive in medicine and healthcare-related fields.
 

Amongst others, gamma radiation is considered as the most popular form of radiation sterilization device. The electromagnetic radiations produced are highly penetrating and can kill contaminating microorganisms. Thus, several advantages associated with radiation sterilization will further boost the sterilization equipment market statistics during analysis period.
 

Browse key industry insights spread across 200 pages with 148 market data tables & 8 figures & charts from the report, “Sterilization Equipment Market Size By Product Type (Heat Sterilizers {Depyrogenation Oven, Steam Autoclaves}, Low-temperature  Sterilizers {Ethylene Oxide Sterilizers, Hydrogen Peroxide Sterilizers}, Sterile Membrane Filters, Radiation Sterilization Devices {Electron Beams, Gamma Rays}, Consumables & Accessories), By End-use (Hospitals & Clinics, Biotech and Pharmaceutical companies, Medical Device Companies, Food & Beverage Industry),  Industry Analysis Report, Regional Outlook, Price Trends, Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/sterilization-equipment-market
 

Rising prevalence of hospital-acquired infection augments the segmental demand

Hospital & clinics segment will witness around 8.0% CAGR during the analysis period. The surging number of hospital-acquired infection (HAI) cases owing to rising number of surgical procedures have led to a higher demand for sterilization equipment in hospitals. Moreover, according to the CDC, out of 91% of the visibly clean surgical instruments, 84% had residual debris that may cause severe health problems. Adoption of sterilization equipment is suggested to minimize the cases of HAI, thereby fostering segmental growth.
 

Favorable regulatory scenario in the U.S provides numerous lucrative opportunities

The U.S market outlook is anticipated to witness more than 6.5% CAGR owing to the surging number of surgical procedures in the country. The U.S FDA has proposed various guidelines for proper validation of sterilization procedures as well as the controlled use of equipment within specified limits. Also, the FDA has classified sterilization equipment as a Class 2 medical device as it requires more stringent regulatory controls when compared with Class I medical device. Furthermore, various technological advancements and R&D expenditures by pharmaceutical giants to provide efficient sterilization at lower cost expenditures will lead to business growth.
 

Focus of industry players on introducing innovative sterilization equipment will offer several growth opportunities

Major industry players operating in the sterilization equipment market share include Absolute Medical, Advanced Sterilization Products, Andersen Products, Belimed, Boekel Scientific, Celitron, Fedegari, Getinge, LTE Scientific and 3M, among others. The business players functioning in sterilization equipment industry are adopting numerous in-organic strategies such as collaborations and mergers to sustain market competition. For instance, in January 2017, LTE Scientific appointed Lennox, as its new distributor in Ireland. The strategy enhanced the company’s geographical footprint in Ireland. Furthermore, in June 2018, Getinge Ab launched its GSS Steam Sterilizer at the Achema exhibition in Frankfurt, Germany. The novel product launch broadened company’s existing product portfolio.