Sterilization Equipment Market To Reach USD 20.5 Billion By 2032 | DataHorizzon Research

The sterilization equipment Market was valued at USD 7.2 Billion in 2022 and is anticipated to grow CAGR at 11.1% to reach USD 20.5 Billion by 2032.

Fort Collins, Colorado, April 25, 2024 (GLOBE NEWSWIRE) —

Demand for sterilized equipment in healthcare drives market demand.

Sterilization is crucial for eliminating harmful microorganisms and bacteria that may contaminate pharmaceuticals or medical equipment, posing significant health risks. While achieving complete sterilization depends on a high probability, the efficacy of sterilization methods varies depending on the type of product and the level of contamination.

Classical sterilization techniques, such as steam under pressure or hot air, are widely regarded as the most reliable methods. These methods effectively kill microorganisms and bacteria, ensuring the safety of pharmaceuticals and medical equipment. Other sterilization methods, including filtration, ionization, and gas sterilization, also offer effective means of sterilization, albeit with varying degrees of reliability. In cases where sterilization is not feasible, aseptic processing becomes necessary. Aseptic processing involves maintaining sterility throughout the manufacturing process to prevent product contamination. Following aseptic processing, each product type undergoes a validation and quality assurance process to ensure safety and efficacy.

For instance, a typical steam or dry-heat sterilization validation program involves correlating temperature adjustments using sensory devices to validate heat distribution and eliminate biological indicators. Biological indicators establish the effectiveness of sterilization methods, with periodic revalidation recommended to maintain their validity over time. This comprehensive approach ensures that pharmaceuticals and medical equipment undergo rigorous sterilization to uphold safety standards and minimize health risks. 

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Segmentation Overview:

The sterilization equipment market has been segmented into product, end-use, and region.

Consumables accounted for a significant market share in 2023.

  • Based on product, the sterilization equipment market comprises consumables & accessories, and instruments. Instruments are further bifurcated as high temperature and low temperature. Consumables are further bifurcated as indicators and lubricants. Consumables held the largest share in the product category in 2023 and are expected to retain a dominant position until the forecast period.

Pharmaceutical companies registered a huge growth in 2023.

  • Based on end-use, the sterilization equipment market comprises pharmaceutical companies, hospitals & clinics. Pharmaceutical companies dominated the end-use segment, attributing to the rise in demand for safety and the quality of medical services. The market share for hospitals and clinics is anticipated to grow by leaps and bounds in the following years, owing to subtle improvements to the healthcare infrastructure in the developed economies.

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Sterilization Equipment Market Report Highlights:

  • The sterilization equipment market growth is anticipated at a CAGR of 11.1% by 2032.
  • Sterilization is essential across the manufacturing and assembling industries and is expected to account for a significant market share in the coming years.
  • North America held a dominant share in 2022 owing to an increase in hospitals, clinics, and population. Moreover, government initiatives will likely induce significant growth within the healthcare industry.
  • Some prominent players in the sterilization equipment market report include E-Beam Services, Sys Tec GmbH, Advanced Sterilization Products, DE LAMA S.p.A., Andersen Products, Inc., Sartorius AG, Steelco S.p.A, Merck KgaA, Life Science Outsourcing, Inc. and Noxilizer, Inc. 

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About DataHorizzon Research:

DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.

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