Global Sterilization Equipment Market by Product & Service – Forecast to 2023: Market is Expected to Reach $10.51 Billion – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Sterilization
Equipment Market By Product And Service [Equipment (Moist Heat, Dry
Heat, Hydrogen Peroxide, Ethylene Oxide), Consumables (Sterilization
Indicators, Sterilant Cassettes), Services (E-Beam, EtO, Gamma)] –
Global Forecast To 2023”
report has been added to ResearchAndMarkets.com’s
offering.

The global sterilization market is expected to grow at a CAGR of 7% from
2018 to reach USD 10.51 billion by 2023, driven by the factors such as
increasing volume of surgeries performed globally, growing need to
reduce occurrences of HAIs, and focus on reducing the cost of healthcare
by minimizing hospital readmissions attributed to HAIs.

Furthermore, the technological advancements in the medical device
industry and increasing need for advanced sterilization equipment are
expected to drive the technological growth of the sterilization
equipment market by 2023.

The low temperature sterilizers segment dominated the sterilization
equipment market. However, the radiation sterilization segment
comprising, e-beam and gamma sterilizers is expected to grow at the
fastest CAGR during the forecast period, owing to their benefits, such
as shorter sterilization cycle time, lower cost of sterilization, and
compatibility with majority of the advanced medical devices available in
the market.

The major players operating in the sterilization technologies market are
Steris, Getinge, Sotera Health, Advanced Sterilization Products, 3M,
Belimed, MMM Group, Matachana Group, and Cantel Medical.

While there are numerous regional and local players in the sterilization
equipment and consumables market, the contract sterilization services
market is dominated by Steris and Sotera Health.

Some of the other key players in the contract sterilization services
market are Cretex Companies, Medistri, COSMED Group, E-BEAM Services,
Cantel Medical, Stryker Corporation, and Centurion Medical Products.

Market Dynamics

Drivers

  • Growing Need to Curtail Hospital-Acquired Infections
  • Growth in the Number of Surgical Procedures
  • Rising Demand of Sterilization in Food Industry to Prevent Food-Borne
    Diseases
  • Increasing Sterilization Demand from Pharmaceutical and Biotechnology
    Industries

Restraints

  • Harmful Effects of Ethylene Oxide
  • Concerns Regarding the Safety of Reprocessed Instruments

Opportunities

  • Growing Demand of Sterilization Technologies in Emerging Markets
  • Rising Demand for E-Beam Sterilization

Challenges

  • Growing Adoption of Advanced Medical Instruments Driving Complexity of
    Sterilization
  • End-User Noncompliance with Sterilization Standards

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Overview

5. Sterilization Equipment Market, by Technology

6. Sterilization Consumables Market, by Product

7. Sterilization Services Market, by Type

8. Sterilization Technologies Market, by End-User

9. Sterilization Technologies Market, by Region

10. Competitive Outlook

11. Company Profiles

  • 3M Company
  • Advanced Sterilization Products Services Inc.
  • Belimed AG
  • Cantel Medical Corporation.
  • Cardinal Health
  • Getinge AB
  • Matachana Group
  • MMM Goup
  • Sotera Health
  • Steris PLC

For more information about this report visit https://www.researchandmarkets.com/research/dzxvp6/global?w=4

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Topics: Medical
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