Market Overview:
The global hospital sterilization equipment market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in this market can be attributed to the increasing demand for sterilization equipment from the medical sector and rising awareness about hygiene and infection control. The high-temperature sterilization instruments segment is expected to account for the largest share of the global hospital sterilization equipment market in 2018. This segment is projected to grow at a CAGR of 6% from 2018 to 2030. The low-temperature sterilization instruments segment is projected to grow at a CAGR of 5% from 2018to 2030.
Product Definition:
Hospital sterilization equipment is used to clean and disinfect medical equipment and supplies. It is important to use hospital sterilization equipment because it helps prevent the spread of infection.
High-Temperature Sterilization Instruments:
High-temperature sterilization (HTS) is a process of temperatures greater than or equal to 120°C which is used for sterilizing medical equipment, pharmaceuticals and some biological samples. The factors that propel the growth of this market include increasing prevalence of hospital acquired infections, rising demand for HTS in surgical procedures and growing awareness about the product are few factors that drive the growth factor in this market.
Low -temperature Sterilization Instruments:
Low-temperature sterilization (LTS) instruments are used in hospital sterilization equipment market for the process of low temperature to kill all forms of microorganisms, including viruses and bacteria. Low-temperature sterilization or LTS is a group of processes which are carried out at reduced temperatures ranging from -196°C to -78°C. These procedures do not affect the food quality and can be used for both non-food as well as food contact surfaces.
Application Insights:
Medical equipment segment held the largest share of over 60.0% in 2017. The demand for hospital sterilization equipment is growing owing to its applications in medical devices and other healthcare products such as orthopedic implants, surgical drapes, surgical instruments, dental care equipment and others.
The increasing number of surgeries across the globe has led to an increased risk of infection being transmitted from one patient to another through contaminated medical devices or instruments that have been used by more than one patient. This has resulted in a higher demand for hospital sterilization equipment which can be utilized by hospitals or clinics to effectively clean and disinfect all types of medical devices & tools used during surgeries without the risk of infection spreading at a faster rate due to multiple uses.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing awareness about hospital-acquired infections, high purchasing power of patients and their relatives, and availability of highly skilled doctors in this region. Moreover, the presence of major players such as 3M; Carestream Health; EMC Corporation; Steritech International is also expected to drive growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as improving healthcare infrastructure due to rising demand for quality medical services coupled with growing patient awareness levels regarding various treatments available in other countries especially developed economies like Japan and Australia are driving demand for sterilization equipment market in this region.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 7.8% from 2016 to 2021. This is primarily owing to the increasing prevalence of lifestyle diseases, technological advancements in surgical procedures, and rising healthcare expenditure. Hospital sterilization equipment finds extensive use in minimally invasive surgeries as it helps reduce the risk of infection and contamination.
- Growing geriatric population: The global geriatric population is expected to reach 1.6 billion by 2020, accounting for nearly 21% of the world’s population. This growing segment of the population is more susceptible to various diseases and requires specialized care, which will drive demand for hospital sterilization equipment over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hospital Sterilization Equipment Market Research Report
By Type
High-Temperature Sterilization Instruments, Low -temperature Sterilization Instruments, Filtration Sterilization Instruments, Ionizing Radiation Sterilization Instruments
By Application
Medical Equipment, Medical Waste
By Companies
Sterile Technologies, Celitron Medical Technologies, Metall Zug, MME group, Nanosonics, TSO3, LTE Scientific, STERIS, Getinge, M, Matachana Group, Sotera Health, Cantel Medical, Advanced Sterilization Products, Andersen Products
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Hospital Sterilization Equipment Market Report Segments:
The global Hospital Sterilization Equipment market is segmented on the basis of:
Types
High-Temperature Sterilization Instruments, Low -temperature Sterilization Instruments, Filtration Sterilization Instruments, Ionizing Radiation Sterilization Instruments
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical Equipment, Medical Waste
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sterile Technologies
- Celitron Medical Technologies
- Metall Zug
- MME group
- Nanosonics
- TSO3
- LTE Scientific
- STERIS
- Getinge
- M
- Matachana Group
- Sotera Health
- Cantel Medical
- Advanced Sterilization Products
- Andersen Products
Highlights of The Hospital Sterilization Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High-Temperature Sterilization Instruments
- Low -temperature Sterilization Instruments
- Filtration Sterilization Instruments
- Ionizing Radiation Sterilization Instruments
- By Application:
- Medical Equipment
- Medical Waste
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hospital Sterilization Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hospital sterilization equipment is used to clean and sterilize medical instruments, surgical supplies, and other medical equipment.
Some of the major players in the hospital sterilization equipment market are Sterile Technologies, Celitron Medical Technologies, Metall Zug, MME group, Nanosonics, TSO3, LTE Scientific, STERIS, Getinge, M, Matachana Group, Sotera Health, Cantel Medical, Advanced Sterilization Products, Andersen Products.
The hospital sterilization equipment market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hospital Sterilization Equipment Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Hospital Sterilization Equipment Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Hospital Sterilization Equipment Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Hospital Sterilization Equipment Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Hospital Sterilization Equipment Market Size & Forecast, 2020-2028 4.5.1 Hospital Sterilization Equipment Market Size and Y-o-Y Growth 4.5.2 Hospital Sterilization Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 High-Temperature Sterilization Instruments
5.2.2 Low -temperature Sterilization Instruments
5.2.3 Filtration Sterilization Instruments
5.2.4 Ionizing Radiation Sterilization Instruments
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Medical Equipment
6.2.2 Medical Waste
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hospital Sterilization Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hospital Sterilization Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 High-Temperature Sterilization Instruments
9.6.2 Low -temperature Sterilization Instruments
9.6.3 Filtration Sterilization Instruments
9.6.4 Ionizing Radiation Sterilization Instruments
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Medical Equipment
9.10.2 Medical Waste
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 High-Temperature Sterilization Instruments
10.6.2 Low -temperature Sterilization Instruments
10.6.3 Filtration Sterilization Instruments
10.6.4 Ionizing Radiation Sterilization Instruments
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Medical Equipment
10.10.2 Medical Waste
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 High-Temperature Sterilization Instruments
11.6.2 Low -temperature Sterilization Instruments
11.6.3 Filtration Sterilization Instruments
11.6.4 Ionizing Radiation Sterilization Instruments
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Medical Equipment
11.10.2 Medical Waste
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 High-Temperature Sterilization Instruments
12.6.2 Low -temperature Sterilization Instruments
12.6.3 Filtration Sterilization Instruments
12.6.4 Ionizing Radiation Sterilization Instruments
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Medical Equipment
12.10.2 Medical Waste
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 High-Temperature Sterilization Instruments
13.6.2 Low -temperature Sterilization Instruments
13.6.3 Filtration Sterilization Instruments
13.6.4 Ionizing Radiation Sterilization Instruments
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Medical Equipment
13.10.2 Medical Waste
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hospital Sterilization Equipment Market: Competitive Dashboard
14.2 Global Hospital Sterilization Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sterile Technologies
14.3.2 Celitron Medical Technologies
14.3.3 Metall Zug
14.3.4 MME group
14.3.5 Nanosonics
14.3.6 TSO3
14.3.7 LTE Scientific
14.3.8 STERIS
14.3.9 Getinge
14.3.10 M
14.3.11 Matachana Group
14.3.12 Sotera Health
14.3.13 Cantel Medical
14.3.14 Advanced Sterilization Products
14.3.15 Andersen Products