Sterilization Equipment Market Size by Segments, Share, Regulatory, Reimbursement, Installed Base and Forecast to 2033
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Sterilization Equipment Market Report Overview
The sterilization equipment market size was $4.01 billion in 2023. The market is expected to grow at a CAGR of less than 1% during 2023-2033. Sterilization equipment is a set of devices or machinery designed to eliminate or remove all types of microorganisms from objects or surfaces. Proper maintenance, calibration, and validation of sterilization equipment are critical to ensuring the effectiveness and safety of the sterilization process.
Sterilization Equipment Market Outlook, 2023-2033 ($ Billion)
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The sterilization equipment market research report explains the market behavior, which will help identify quantitative market trends within the Hospital Supplies therapeutic area. The model discusses in detail the impact of COVID-19 on the sterilization equipment market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing in-licensing and out-licensing strategies.
Market Size (2023) | $4.01 billion |
CAGR (2023-2033) | <1% |
Forecast Period | 2023-2033 |
Historical Period | 2015-2022 |
Key Segments | · Chemical Sterilizers
· Physical Sterilizers · Ultraviolet Sterilizers |
Key Regions | · North America
· Europe · Asia Pacific · South Central America · Middle East and Africa |
Leading Companies | · Getinge AB
· 3M Co · Steris Plc · American Ultraviolet Co Inc · S S Technomed (P) Ltd |
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Sterilization Equipment Market Dynamics
The volume of sterilization equipment is expected to grow throughout the forecast period due to an increase in the number of hospitals reprocessing and re-sterilizing medical devices to prevent contamination. However, decreasing average selling prices (ASPs) will lead to the decline of the sterilization equipment market.
Sterilization Equipment Market Segments
The sterilization equipment market can be segmented into chemical sterilizers, physical sterilizers, and ultraviolet sterilizers. Chemical sterilizers led the sterilization equipment market in 2023. They can be further sub-segmented into Ethylene Oxide (EtO) Sterilizers and Hydrogen Peroxide Sterilizers. The latter has the higher market share in the Chemical sterilizers market.
Sterilization Equipment Market Analysis by Segments, 2023 (%)
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Sterilization Equipment Market Segmentation by Regions
The key regions in the sterilization equipment market are North America, Europe, the Asia-Pacific, South Central America, and the Middle East and Africa. Europe dominated the market in 2023 with Germany, the UK, and France having the largest market shares in the region. The overall market for sterilization equipment in Europe is expected to grow due to an increase in the number of hospitals and surgical procedures.
Sterilization Equipment Market Analysis by Regions, 2023 (%)
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Sterilization Equipment Market - Competitive Landscape
A few of the leading companies in the sterilization equipment market are:
- Getinge AB
- 3M Co
- Steris Plc
- American Ultraviolet Co Inc
- S S Technomed (P) Ltd
Getinge AB held the largest share of the sterilization equipment market in 2023, followed by Steris Plc.
Sterilization Equipment Market Analysis by Companies, 2023 (%)
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Segments Covered in the Report
Sterilization Equipment Segment Outlook (Value, $ Billion, 2015-2033)
- Chemical Sterilizers
- Physical Sterilizers
- Ultraviolet Sterilizers
Sterilization Equipment Regional Outlook (Value, $ Billion, 2015-2033)
- North America
- Europe
- Asia Pacific
- South Central America
- Middle East and Africa
Key Inclusions
Key Inclusions of the market model are:
Currently marketed sterilization equipment and evolving competitive landscape –
– Insightful review of the key industry trends.
– Annualized total Sterilization Equipment market revenue by segment and market outlooks from 2015-2033.
– Granular data on total procedures, units, average selling prices, and market values by segment.
Global, Regional, and Country level market specific insights –
– Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
– SWOT analysis for the sterilization equipment market.
– Competitive dynamics insights and trends provided for the sterilization equipment market.
Drive the understanding of the market by getting the veritable big picture including an overview of the healthcare system. In addition, the market access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.
– Country-specific overview of the healthcare system.
– Country-specific reimbursement policies.
– Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered – Getinge AB, 3M Co, Steris Plc, American Ultraviolet Co Inc, S S Technomed (P) Ltd, Despatch Industries Inc, Memmert GmbH + Co KG, Tuttnauer Ltd, Belimed AG, Azbil Telstar SLU, Systec GmbH, Steelco SpA, Munchener Medizin Mechanik GmbH, Skytron LLC, and Others.
Countries covered – United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.
Scope
This report provides:
- Insightful review of the key industry trends.
- Annualized total Sterilization equipment market revenue by segment and market outlooks.
- Market-level data on units, average selling prices, and market values.
- Global, regional, and country-level market-specific insights including qualitative market-specific information with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Sterilization equipment market.
- Competitive dynamics insights and trends provided for the Sterilization equipment market.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Reasons to Buy
The model will enable you to:
- Understand the impact of COVID-19 on the Sterilization Equipment market.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving Sterilization Equipment market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Sterilization Equipment market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counterstrategies to gain a competitive advantage.
- Track device sales in the global and country-specific Sterilization Equipment market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
3M Co
Steris Plc
American Ultraviolet Co Inc
S S Technomed (P) Ltd
Despatch Industries Inc
Memmert GmbH + Co KG
Tuttnauer Ltd
Belimed AG
Azbil Telstar SLU
Systec GmbH
Steelco SpA
Munchener Medizin Mechanik GmbH
Skytron LLC
Others
Frequently asked questions
-
What was the sterilization equipment market size in 2023?
The sterilization equipment market size was valued at $4.01 billion in 2023.
-
What will be the growth rate of the sterilization equipment market in the forecast period?
The sterilization equipment market is expected to grow at a CAGR of less than 1% during 2023-2033.
-
Which was the leading segment of the sterilization equipment market in 2023?
Chemical sterilizers led the sterilization equipment market in 2023.
-
Which region accounted for the largest share of the sterilization equipment market?
Europe held the largest sterilization equipment market share in 2023.
-
Which are the major players operating in the sterilization equipment market?
A few of the leading companies in the sterilization equipment market are Getinge AB, 3M Co, Steris Plc, American Ultraviolet Co Inc, and S S Technomed (P) Ltd, among others.
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