Sterilization Equipment Market to grow by USD 3.70 billion from 2021 to 2026| Driven by Strategic Initiatives of Market Players| 17000+ Technavio Reports

NEW YORK, April 5, 2022 /PRNewswire/ — The sterilization equipment market is fragmented and the vendors are deploying growth strategies such as investing in developing customized solutions and outsourcing their sterilization services in order to increase their presence to compete in the market.  3M Corp., ACMAS Technologies Pvt. Ltd., Andersen Sterilizers, C.B.M. S.r.l. Medical Equipment, Cantel Medical., Cardinal Health Inc., Continental Equipment Co, Cosmed Group, De Lama Spa, Fortive Corp., Getinge AB, Merck KGaA, MMM Group, Noxilizer Inc., Sotera Health Co., Steelco SpA, STERIS Plc, Stryker Corp., Systec GmbH, Tuttnauer, and YATHERM SCIENTIFIC are some of the major market participants. The sterilization equipment market is set to grow by USD 3.70 billion from 2021 to 2026 progressing at a CAGR of 7.93% according to Technavio.

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Sterilization Equipment Market 2022-2026: Scope

 Our sterilization equipment market report covers the following areas:

Sterilization Equipment Market 2022-2026: Drivers & Challenges

The key factor driving growth in the sterilization equipment market is the strategic initiatives of market players. The global sterilization equipment market is highly competitive. Vendors in the market adopt strategies such as mergers and acquisitions (M and A), expansion projects, new product launches, and increasing production capacity to tackle the competition in the market. Vendors invest in developing customized solutions to increase their foothold in the market. Moreover, intense competition in the market is expected to compel established vendors to increase their market presence through M and A and strategic alliances. Healthcare facilities such as hospitals and clinics are selecting vendors based on their product’s degree of superiority and properties. With the increasing demand for sterilization equipment from end-users, vendors are opting for M and A and strategic alliances to improve their market reach and customer base. These strategic alliances and partnerships among vendors are helping them enhance their operations and increase their geographical presence. Thus, such activities will drive the growth of the global sterilization equipment market during the forecast period.

However, the disadvantages and harmful effects of ETO sterilizers will be a major challenge for the sterilization equipment market during the forecast period. Even though ETO is considered one of the widely used sterilization techniques, it has various harmful effects on patients and healthcare workers. ETO is considered a known human carcinogen. Furthermore, the disadvantages associated with its use can result in a preference for other alternatives such as hydrogen peroxide sterilizers. These factors can lead to its reduced adoption and negatively impact the growth of the global sterilization equipment market during the forecast period. The main disadvantages associated with ETO sterilizers are the lengthy cycle time, their potential hazards to patients and staff, and the high costs associated with the ETO sterilization process. ETO is classified as a carcinogen, which has led to increased concerns regarding the safety of its use on medical devices and surgical instruments. The harmful effects of ETO and rising safety concerns regarding the use of surgical instruments sterilized through ETO sterilization processes are anticipated to hamper the growth of the market.

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Sterilization Equipment Market 2022-2026: Segmentation Analysis

  • Product
    • Low-temperature Sterilizers
    • Heat Sterilizers
    • Sterile Membrane Filters
    • Radiation Sterilization Devices
  • Geography
    • North America
    • APAC
    • Europe
    • Rest Of World (ROW)

Sterilization Equipment Market 2022-2026: Revenue Generating Segment & Regional Analysis

  • The sterilization equipment market share growth in the low-temperature sterilizers segment will be significant during the forecast period. Low-temperature sterilizers hold the largest share in the global sterilization equipment market. There is a growing need for sterilization of heat-sensitive medical devices and equipment, which is propelling the demand for low-temperature sterilizers. Additionally, the use of expensive, moisture-sensitive, and delicate medical devices that are difficult to sterilize, such as endoscopes, is driving the growth of the market segment. 
  • 36% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for sterilization equipment in North America. Market growth in this region will be faster than the growth of the market in the European and ROW regions. The growing healthcare sector in the region, the growing number of hospital-acquired infections (HAIs), and the strong market presence of the leading vendors will facilitate the sterilization equipment market growth in North America over the forecast period.

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Sterilization Equipment Market 2022-2026: Key Highlights

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist sterilization equipment market growth during the next five years
  • Estimation of the sterilization equipment market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the sterilization equipment market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of sterilization equipment market vendors

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Sterilization Equipment Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.93%

Market growth 2022-2026

USD 3.70 billion

Market structure

Fragmented

YoY growth (%)

7.24

Performing market contribution

North America at 36%

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

3M Corp., ACMAS Technologies Pvt. Ltd., Andersen Sterilizers, C.B.M. S.r.l. Medical Equipment, Cantel Medical., Cardinal Health Inc., Continental Equipment Co, Cosmed Group, De Lama Spa, Fortive Corp., Getinge AB, Merck KGaA, MMM Group, Noxilizer Inc., Sotera Health Co., Steelco SpA, STERIS Plc, Stryker Corp., Systec GmbH, Tuttnauer, and YATHERM SCIENTIFIC

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table Of Contents :

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis – Comparison between2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Product

  • 5.1 Market segments
    • Exhibit 24: Chart on Product – Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Product – Market share 2021-2026 (%)
  • 5.2 Comparison by Product
    • Exhibit 26: Chart on Comparison by Product
    • Exhibit 27: Data Table on Comparison by Product
  • 5.3 Low-temperature sterilizers – Market size and forecast 2021-2026
    • Exhibit 28: Chart on Low-temperature sterilizers – Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Low-temperature sterilizers – Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Low-temperature sterilizers – Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Low-temperature sterilizers – Year-over-year growth 2021-2026 (%)
  • 5.4 Heat sterilizers – Market size and forecast 2021-2026
    • Exhibit 32: Chart on Heat sterilizers – Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Heat sterilizers – Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Heat sterilizers – Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Heat sterilizers – Year-over-year growth 2021-2026 (%)
  • 5.5 Sterile membrane filters – Market size and forecast 2021-2026
    • Exhibit 36: Chart on Sterile membrane filters – Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Sterile membrane filters – Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Sterile membrane filters – Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Sterile membrane filters – Year-over-year growth 2021-2026 (%)
  • 5.6 Radiation sterilization devices – Market size and forecast 2021-2026
    • Exhibit 40: Chart on Radiation sterilization devices – Market size and forecast 2021-2026 ($ million)
    • Exhibit 41: Data Table on Radiation sterilization devices – Market size and forecast 2021-2026 ($ million)
    • Exhibit 42: Chart on Radiation sterilization devices – Year-over-year growth 2021-2026 (%)
    • Exhibit 43: Data Table on Radiation sterilization devices – Year-over-year growth 2021-2026 (%)
  • 5.7 Market opportunity by Product
    • Exhibit 44: Market opportunity by Product ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 48: Chart on Geographic comparison
    • Exhibit 49: Data Table on Geographic comparison
  • 7.3 North America – Market size and forecast 2021-2026
    • Exhibit 50: Chart on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on North America – Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on North America – Year-over-year growth 2021-2026 (%)
  • 7.4 APAC – Market size and forecast 2021-2026
    • Exhibit 54: Chart on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on APAC – Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on APAC – Year-over-year growth 2021-2026 (%)
  • 7.5 Europe – Market size and forecast 2021-2026
    • Exhibit 58: Chart on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Europe – Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Europe – Year-over-year growth 2021-2026 (%)
  • 7.6 Rest of World (ROW) – Market size and forecast 2021-2026
    • Exhibit 62: Chart on Rest of World (ROW) – Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on Rest of World (ROW) – Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on Rest of World (ROW) – Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on Rest of World (ROW) – Year-over-year growth 2021-2026 (%)
  • 7.7 US – Market size and forecast 2021-2026
    • Exhibit 66: Chart on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on US – Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on US – Year-over-year growth 2021-2026 (%)
  • 7.8 China – Market size and forecast 2021-2026
    • Exhibit 70: Chart on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on China – Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on China – Year-over-year growth 2021-2026 (%)
  • 7.9 Germany – Market size and forecast 2021-2026
    • Exhibit 74: Chart on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Germany – Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Germany – Year-over-year growth 2021-2026 (%)
  • 7.10 Canada – Market size and forecast 2021-2026
    • Exhibit 78: Chart on Canada – Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Canada – Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Canada – Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Canada – Year-over-year growth 2021-2026 (%)
  • 7.11 Japan – Market size and forecast 2021-2026
    • Exhibit 82: Chart on Japan – Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on Japan – Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on Japan – Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on Japan – Year-over-year growth 2021-2026 (%)
  • 7.12 Market opportunity by geography
    • Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 89: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 90: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 91: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 92: Matrix on vendor position and classification
  • 10.3 3M Corp.
    • Exhibit 93: 3M Corp. – Overview
    • Exhibit 94: 3M Corp. – Business segments
    • Exhibit 95: 3M Corp. – Key news
    • Exhibit 96: 3M Corp. – Key offerings
    • Exhibit 97: 3M Corp. – Segment focus
  • 10.4 Andersen Sterilizers
    • Exhibit 98: Andersen Sterilizers – Overview
    • Exhibit 99: Andersen Sterilizers – Product / Service
    • Exhibit 100: Andersen Sterilizers – Key offerings
  • 10.5 Cantel Medical.
    • Exhibit 101: Cantel Medical. – Overview
    • Exhibit 102: Cantel Medical. – Product / Service
    • Exhibit 103: Cantel Medical. – Key offerings
  • 10.6 De Lama Spa
    • Exhibit 104: De Lama Spa – Overview
    • Exhibit 105: De Lama Spa – Product / Service
    • Exhibit 106: De Lama Spa – Key offerings
  • 10.7 Getinge AB
    • Exhibit 107: Getinge AB – Overview
    • Exhibit 108: Getinge AB – Business segments
    • Exhibit 109: Getinge AB – Key news
    • Exhibit 110: Getinge AB – Key offerings
    • Exhibit 111: Getinge AB – Segment focus
  • 10.8 MMM Group
    • Exhibit 112: MMM Group – Overview
    • Exhibit 113: MMM Group – Product / Service
    • Exhibit 114: MMM Group – Key offerings
  • 10.9 Sotera Health Co.
    • Exhibit 115: Sotera Health Co. – Overview
    • Exhibit 116: Sotera Health Co. – Product / Service
    • Exhibit 117: Sotera Health Co. – Key offerings
  • 10.10 Steelco SpA
    • Exhibit 118: Steelco SpA – Overview
    • Exhibit 119: Steelco SpA – Product / Service
    • Exhibit 120: Steelco SpA – Key offerings
  • 10.11 STERIS Plc
    • Exhibit 121: STERIS Plc – Overview
    • Exhibit 122: STERIS Plc – Business segments
    • Exhibit 123: STERIS Plc – Key news
    • Exhibit 124: STERIS Plc – Key offerings
    • Exhibit 125: STERIS Plc – Segment focus
  • 10.12 Stryker Corp.
    • Exhibit 126: Stryker Corp. – Overview
    • Exhibit 127: Stryker Corp. – Business segments
    • Exhibit 128: Stryker Corp. – Key news
    • Exhibit 129: Stryker Corp. – Key offerings
    • Exhibit 130: Stryker Corp. – Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 131: Inclusions checklist
    • Exhibit 132: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 133: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 134: Research methodology
    • Exhibit 135: Validation techniques employed for market sizing
    • Exhibit 136: Information sources
  • 11.5 List of abbreviations
    • Exhibit 137: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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