The Global Market for Sterilization Equipment and Supplies is Projected to Reach US$7.7 Billion by 2022

Aging Population & Rise in HAIs Drive Demand for Sterilization Equipment and Supplies, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Sterilization Equipment and Supplies market. The global market for Sterilization Equipment and Supplies is projected to reach US$7.7 billion by 2022, driven by aging population & its susceptibility to infections, alarming rise in hospital acquired infections (HAIs), and growing awareness over the importance of infection control.  

Disinfection and sterilization are important processes in the practice of healthcare, given that the effectiveness, efficacy, and success of patient outcomes from surgeries, medical examinations and research experiments depend upon the ability to prevent infections. As medical technology grows in sophistication in terms of both products and services, the need for sterilization has assumed critical proportions. Factors such as increasing public and professional awareness, need for reducing hospital stays and healthcare costs, shifting of patient care from acute care to alternate sites, growth of less invasive surgical and diagnostic procedures and the rising number of transmittable and antibiotic-resistant infectious diseases, have led to the increased demand for safe and efficient sterilization equipment. Various governments across the world are carrying out regulatory initiatives to equip hospitals and healthcare centers with essential sterilization equipment.

The market is also driven by the increased focus on reprocessing medical devices for further use with an aim to curtail growing healthcare expenditure. The market is also witnessing the development and launch of advanced sterilization equipment in response to the growing sophistication of modern medical equipment and instruments. In addition to the healthcare sector, stringent food safety norms are spurring the use of sterilization equipment in the food processing sector. Filtration sterilization is the largest segment, while low-temperature sterilization is the fastest growing segment, owing to the increased efficiency offered by the technology, increasing use of advanced medical devices with heat-sensitive materials, and rising number of minimally invasive surgeries.

In line with the global trend to outsource non-core activities, contract sterilization services are gaining prominence, as hospitals seek out outsourcing to cut costs, and satisfy stringent requirements. Contract sterilization, specifically in the pharmaceutical and hospital sectors, is set to record highest growth, owing to the growing product shipments, and stringent FDA regulations for the sterility of the products and packaging. Currently, innovation is centered upon reducing sterilization cycle time, cost reduction, and on designing affordable systems.

As stated by the new market research report on Sterilization Equipment and Supplies, the United States represents the largest market worldwide, supported by aging population, increase in chronic diseases, rise in the number of hospital admissions and hospital acquired infections. Asia-Pacific ranks as the fastest growing market, led by developing healthcare infrastructure, continued prominence of infectious diseases as a major public health concern, and the resulting government focus on legislating patient safety regulations to reduce health care–associated infections (HAIs).   

Major players covered in the report include 3M Company, Advanced Sterilization Products, Belimed AG, Cantel Medical Corp., Cardinal Health Inc., Getinge AB, Matachana Group, SteriGenics International Inc., Nordion Inc., Sakura SI Co., STERIS Plc., TSO3 Inc., and Tuttnauer Company, among others.

The research report titled "Sterilization Equipment and Supplies: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of the market scenario, current market trends, growth drivers, issues, major market players, mergers and acquisitions, and other strategic industry activities. Market estimates and projections are provided in US$ thousand for all major geographic markets, including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), The Middle East, and Latin America (Brazil, and Rest of Latin America). Product markets analyzed include Filtration Sterilization, Heat Sterilization, Low-Temperature Sterilization, and Radiation Sterilization.

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