Meticulous Research®—a leading market research company, published a research report titled, ‘Sterilization Equipment Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication from Meticulous Research®, the sterilization equipment market is projected to reach $26.77 billion by 2031, at a CAGR of 8% from 2024 to 2031.
Several main factors are driving growth in the sterilization equipment market. A significant contribution is the growing worry about hospital-acquired infections (HAIs), which has resulted in enhanced sterilizing efforts in healthcare settings. There has also been a noteworthy increase in surgical procedures, as well as a growing demand for sterilization in the food industry to decrease foodborne illness.
Beyond healthcare, industries such as pharmaceuticals and biotechnology are driving the demand for sterilizing solutions. In fact, more non-healthcare industries are choosing to outsource sterilization to specialised providers. However, the market is not without obstacles. Safety concerns about ethylene oxide and the dangers connected with reprocessing medical instruments are limiting use.
At the same time, emerging economies are seeing an increase in demand as electron beam (e-beam) sterilization technology becomes more widely used. Carbon dioxide (CO₂) sterilization is becoming more popular in the medical device industry, creating opportunities for growth. An increased emphasis on infection control in all industries—both healthcare and non-healthcare—is likely to provide new opportunities.
Still, the business confronts challenges such as noncompliance with sterilization rules in some healthcare facilities, as well as a shift toward disposable rather than reusable devices, which may have an influence on the market for specific equipment.
Some of the market's prominent companies are STERIS plc, 3M Company, Getinge AB, Cardinal Health, and Advanced Sterilization Products (a Fortive company), among others. These companies pioneer innovation and help define industry standards.
The market is segmented into offerings and end users. Within offers, sterilization equipment is estimated to dominate, accounting for around 55.3% of the market in 2024. This is largely owing to the critical function these goods serve in sterilizing reusable devices and ensuring safe, sterile environments—which is especially vital given the increase in operations, chronic diseases, and activities in the life sciences industry.
Hospitals and clinics are predicted to dominate, accounting for around 35.9% of the market in 2024. The key drivers here are more hospital admissions, a greater emphasis on infection prevention, and a broader push for cleaner, safer healthcare environments.
North America is expected to dominate the global market with a 46.6% share by 2024. This dominance is fueled by high healthcare spending, a robust pharmaceutical and biotech industry, an aging population, and government attempts to minimize infections and promote improved sterilization standards.
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Key questions answered in the report-
- Which are the high-growth market segments in terms of sterilization equipment by offering, end user, and geography?
- What was the historical market for sterilization equipment across the globe?
- What are the market forecasts and estimates for the period 2024–2031?
- What are the major drivers, restraints, opportunities, and challenges in the sterilization equipment market?
- Who are the major players operating in the sterilization equipment market?
- What is the competitive landscape like, and who are the leaders in the sterilization equipment market?
- What are the recent developments in the sterilization equipment market?
- What do the major players adopt the different strategies in the sterilization equipment market?
- What are the geographical trends and high-growth regions/countries?
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