Sterilization Equipment Market is likely to register CAGR of 8.3% through 2032

At the end of 2021, the global Sterilization Equipment Market was estimated to be worth approximately US$ 13.2 billion. By 2032, the market is expected to grow at an 8.3% CAGR and reach a value of US$ 29.7 billion.

The expanding geriatric population and the prevalence of chronic diseases set the tone for the Sterilization Equipment industry.

Sterilization Equipment is used in healthcare facilities to remove pathogenic germs from the surface of a fluid or an instrument. It is widely utilised to limit the danger of contamination and assure the safety of both patients and employees in liquid chemical processes, steam, dry heat, ultraviolet (UV) chambers, clean-in-place (CIP) systems, and autoclave machines. To sterilise this type of equipment at low temperatures, manufacturers now offer ozone, hydrogen peroxide gas plasma, and ethylene oxide (EO) gas.

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Advent of Telehealth and Virtual Care to Create Tailwind for the Sterilization Equipment Market Growth

Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.

During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.

Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Sterilization Equipment market.

Key Sterilization Equipment Market Takeaways and Projections

• The US is estimated to continue dominating the North America market, projecting fastest growth in the region through 2032.
• Germany Sterilization Equipment market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2022 to 2032.
• China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
• India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.

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Report Benefits & Key Questions Answered

• Sterilization Equipment Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Sterilization Equipment market. It also studies the impact of these dynamics on the market for the previous assessment period 2017 to 2021 to forecast the scope of market growth over the coming forecast period 2022 to 2032.
• Sterilization Equipment Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Sterilization Equipment market. As per the survey, Sterilization Equipment sales will project steady growth over the forecast period.
• Sterilization Equipment Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the Sterilization Equipment market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
• Sterilization Equipment Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.

Competitive Landscape Analysis

The latest study conducted by FMI provides in-depth insights into the global Sterilization Equipment market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Sterilization Equipment market.

Some of the prominent market players are profiled by FMI are:

Teleflex Incorporated, Hollister Incorporated, Amsino International, Inc., Boston Scientific Corporation, B. Braun Melsungen AG, Medline Industries, Inc., Becton, Dickinson and Company (BD), Wihuri Packaging Oy, C.R. Brad, Coloplast

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Key Segments Covered in the Sterilization Equipment Market Report

By Product:

• Equipment
• Heat Sterilization Equipment
• Moist Heat Sterilizers
• Dry Heat Sterilizers
• Low-temperature Sterilization Equipment
• Hydrogen Peroxide / Gas Plasma Sterilization
• Ethylene Oxide Sterilizers
• Ozone-based Medical Sterilizers
• Formaldehyde Sterilizers
• Others
• Radiation Sterilization Equipment
• Filtration Sterilization Equipment
• Consumables & Accessories
• Sterilization Indicators
• Biological Indicators
• Chemical Indicators
• Sterilants
• Instrument Packaging & Pouches
• Others

By Services:

• Ethylene Oxide Sterilization Services
• Gamma Sterilization Services
• E-beam Sterilization Services
• Steam Sterilization Services
• Other Sterilization Services

By End User:

• Hospitals
• Clinics
• Medical Device Companies
• Pharmaceutical Companies
• Food and Beverages Industry
• Others

Region

• North America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa