News-Global Sterilization Equipment Market Overview 2022

The global sterilization equipment market size was valued at USD 5.52 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.3% from 2021 to 2028. – Bossonresearch.com

Steam sterilization has many benefits as a sterilization method in healthcare facilities including low cost, safety, and efficacy. When processing heat and moisture stable materials, the speed and productivity of a steam sterilizer are advantages over other forms of sterilization. Medical devices that can be processed in a steam sterilizer include surgical instruments, implantable medical devices and surgical linens. Sterile Processing Department staff should always follow the device manufacturer's instructions for use when processing the device. Steam sterilization is considered a reliable and consistent method of sterilization throughout healthcare facilities.

 The global sterilization equipment market size was valued at USD 5.82 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.33% from 2021 to 2028. Hospital-acquired infections (HAIs), also known as nosocomial infections, are primarily found in patients receiving long-term treatment, mainly surgical treatment. They can occur in surgical centers, clinics, hospitals, ambulatory surgical centers, and long-term care facilities, such as nursing homes and rehabilitation centers. Generally, the geriatric population, children, and patients with low immunity are prone to HAIs. Factors such as the use of catheters, lack of proper hygiene in healthcare settings, and excessive use of antibiotics can increase predisposition to HAIs.

Figure Global Sterilization Equipment Market Size (M USD)

Source: Bosson Research, 2021

Covid -19 Impact on Sterilization Equipment Market

The pandemic has disrupted healthcare systems worldwide, with hospitals being overwhelmed due to the increasing influx of patients. Temporary hospitals are also being set up to deal with the growing number of cases. Hence, the spread of COVID-19 has spurred a surge in the demand for sterilization equipment and services due to the growing cases of HAIs in hospital settings. The increasing healthcare expenditure in North America and the increasing number of temporary hospitals are some of the major factors driving the demand and adoption of sterilization products and services in the region.

Driver: Rising incidence of hospital-acquired infections

Hospital-acquired infections (HAIs) are a major cause of morbidity and mortality worldwide. These include central line-associated bloodstream infections, catheter-associated urinary tract infections, and ventilator-associated pneumonia. The most common bacteria associated with HAIs include C. difficile, methicillin-resistant Staphylococcus aureus (MRSA), Klebsiella, E. coli, Enterococcus, and Pseudomonas species. The growing prevalence of HAIs globally is the primary growth driver for the sterilization equipment market.

According to the Centers for Disease Control and Prevention (CDC), up to 1.7 million hospitalized patients in the US annually acquire healthcare-associated infections (HCAIs) while being treated for other health issues, and more than 98,000 of these patients (one in 17) die due to HCAIs. In addition, 32% of all HAIs in the country are urinary tract infections, 22% are surgical-site infections, 15% are lung (pneumonia) infections, and 14% are bloodstream infections. According to the US Census Bureau, the number of individuals aged 65 and above was estimated at 52.3 million in 2019; this figure is expected to increase to 83.7 million by 2050. The rising geriatric population and the increasing incidence of chronic diseases will result in increased hospitalization rates, which, in turn, will increase the occurrence of HAIs. This is expected to boost the demand for sterilization products and services for the sterilization of medical instruments and other devices.

Opportunity: Growing healthcare sector and increasing outsourcing in emerging economies

Emerging economies such as India, China, Brazil, Russia, and countries in Latin America and Southeast Asia are expected to provide significant growth opportunities to players operating in the sterilization equipment market. Over half the world’s population resides in India and China, making these markets home to a large patient population. Public pressure to improve the quality of hospital care, the increased cost of HAIs in healthcare systems, the emergence of multi-drug-resistant microorganisms, and the initiatives of government authorities play an important role in the growth of the sterilization equipment market in these countries.

According to an IBEF report, the Indian healthcare industry is expected to witness a CAGR of 16.8%, with a drastic increase in the per capita healthcare expenditure (2019). The inpatient hospitalization rate is expected to register a CAGR of 13.6% and occupy close to 86% of the market. This increasing hospitalization rate is driven by the increasing incidence of lifestyle diseases. The private sector has benefited significantly from this; the CAGR of the private hospitals market in India is estimated at 24.2%.

Challenge: Sterilization of advanced medical instruments

There are certain concerns related to the cleaning, disinfection, and sterilization of advanced medical devices. Inadequate sterilization of these devices might expose patients to the risk of acquiring HAIs. Moreover, with the introduction of technologically advanced instruments such as endoscopes and analyzers in the market, there is a growing need for advanced sterilizers compatible with the automated endoscope reprocessors (AER) used for cleaning and disinfecting flexible endoscopes after each procedure. Inappropriate sterilization of these complex and delicate instruments can increase the risk of infection among patients. An AER that is difficult to use or one that breaks down frequently can significantly increase the risk of improper or ineffective endoscope sterilization and create costly delays. Currently, reprocessing of these instruments after every use is a major challenge faced by healthcare providers in complying with sterilization standards.

Competitive Landscape

Companies are engaging in partnerships, mergers, and acquisitions, aiming to strengthen their product portfolio, increase manufacturing capacities, and provide competitive differentiation. For instance, in April 2019, Fortive completed the acquisition of the Advanced Sterilization Products (ASP) business segment from Johnson & Johnson, which also includes the STERRAD Sterilization System. Thus, infection prevention-related product portfolio would be marketed under Fortive. This initiative is anticipated to boost the growth of the company.

Some prominent players in the global sterilization equipment market include:

STERIS PLC.

Sterigenics U.S., LLC

Cantel Medical

E-BEAM Services, Inc.

Fortive

Getinge AB

Sotera Health

Cardinal Health

Metall Zug Group

Stryker

Merck KGaA

MMM Group

MATACHANA GROUP

Andersen Sterilizers

Steelco S.p.A

Steris

Belimed

Advanced Sterilization Products

Tuttnauer

Shinva

Fedegari

Systec

Matachana

Sakura Seiki

Cisa Production

MELAG Medizintechnik

Laoken

Request for more information 

Click to view the full report TOC, figure and tables:

About US:

Bosson Research (BSR) is a leading market research and consulting company, provides market intelligence, advisory service and market research reports for the automobile, electronics and semiconductor, and consumer good industry. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Bosson Research provides one-stop solution right from data collection to investment advice. The analysts at Bosson Research (BSR) dig out factors that help clients understand the significance and impact of market dynamics. Bosson Research (BSR) bring together the deepest intelligence across the widest set of capital-intensive industries and markets. By connecting data across variables, our analysts and industry specialists present our customers with a richer, highly integrated view of their world.

Contact US:

Tel: +86 400-166-9288

E-mail: sales@bossonresearch.com

URL: www.bossonresearch.com