Sterilization Equipment Market by Product & Services {Equipment [Heat, Low-temperature (Ozone, Formaldehyde), Filtration), Consumables (Sterilization Indicators, Sterilants), Services (Gamma, Steam)], End User (Hospitals, Pharma)} - Global Forecas

Sterilization Equipment Market by Product & Services {Equipment [Heat, Low-temperature (Ozone, Formaldehyde), Filtration), Consumables (Sterilization Indicators, Sterilants), Services (Gamma, Steam)], End User (Hospitals, Pharma) - Global Forecast to 2027.

The sterilization equipment market is expected to grow at a CAGR of 12.2% from 2020 to 2027 to reach $23.7 billion by 2027.

Succeeding an extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out the key industry drivers, restraints, opportunities, and challenges. The growth in the sterilization equipment market is mainly attributed to the growing incidences of hospital-acquired infections, the impact of the COVID-19 pandemic, rising number of surgical procedures, rising demand for sterilization in the food industry, and increasing sterilization demand from pharmaceutical & biotechnology industries. In addition, the growing demand for sterilization products in emerging economies and increasing use of e-beam sterilization provide significant opportunities for vendors across the globe.

Based on the product type, the equipment segment is projected to dominate the market in 2020 due to an increase in HAIs, the need for food safety, their effectiveness for sterilizing reusable materials & instruments, and rapidly growing production of vaccines during COVID-19.

Based on end user, the hospitals & clinics segment is expected to grow at the fastest growth rate due to rapidly growing surgical procedure volume, need for quality care, rising incidence of HAIs, and the growing number of hospital admissions due to COVID-19.

An in-depth analysis of the sterilization equipment market's geographical scenario provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region. North America is expected to command the largest share of the sterilization equipment market in 2020, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The key players operating in the sterilization equipment market are STERIS plc. (U.S.), Cantel Medical Corp. (U.S.), Getinge AB (Sweden), 3M Company (U.S.), Advanced Sterilization Products (U.S.), MMM Group (Germany), MATACHANA group (Spain), Cardinal Health, Inc. (U.S.), Sotera Health (U.S.), and Belimed (Switzerland), among others.

Scope of the Report:

Sterilization Equipment Market, 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
Services
Ethylene Oxide Sterilization Services
Gamma Sterilization Services
E-beam Sterilization Services
Steam Sterilization Services
Other Sterilization Services

Sterilization Equipment Market, by End User

Hospitals & Clinics
Medical Device Companies
Pharmaceutical Companies
Food & Beverage Industry
Other End Users

Sterilization Equipment Market, by Geography

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe (RoE)
Asia-Pacific (APAC)
Japan
China
India
Rest of APAC (RoAPAC)
Latin America
Middle East & Africa