Market Overview:
The global low temperature sterilization market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for low-temperature sterilization methods from hospitals, clinics, ambulatory surgical centers, and pharmaceutical companies. In addition, the growing awareness about the benefits of using low-temperature sterilization methods is also contributing to the growth of this market. The global low temperature sterilization market by type is segmented into ethylene oxide, vaporized hydrogen peroxide, hydrogen peroxide gas plasma, ozone, low temperature steam formaldehyde and others. The ethylene oxide segment dominates this market and is expected to continue its dominance during the forecast period from 2018 to 2030. This can be attributed to its high efficacy in killing microorganisms and wide acceptance among end users across different regions worldwide.
Product Definition:
Low-temperature sterilization is a method of sterilizing articles and equipment by heating them to a temperature that will kill or deactivate all forms of life, including spores. It is used when the object to be sterilized cannot withstand high temperatures.
Ethylene Oxide:
Ethylene oxide is a chemical compound, which is widely used as a sterilization technique at low temperatures. It has the ability to withstand high heat and pressure and thus finds application in sterilizing medical equipment, pharmaceuticals & liquids as well as food products. The growth of the global market for low temperature sterilization techniques can be attributed to increasing demand from end-use industries such as biotechnology & pharmaceuticals, food processing industry and medical devices industry.
Vaporized Hydrogen Peroxide:
Vaporized hydrogen peroxide is a chemical compound which has three components: water, oxygen and hydrogen peroxide. It can be produced by the reaction of hydrogen peroxide with water or by the decomposition of liquid air. Vaporized hydrogen peroxide is used in low temperature sterilization (LTS) process to inactivate microorganisms such as bacteria, viruses & fungi.
Application Insights:
The market is segmented based on application into hospitals, clinics, ambulatory surgical centers, and pharmaceutical companies. The hospitals segment dominated the global low temperature sterilization market in 2017 owing to factors such as increasing government initiatives for improving healthcare infrastructure and rising awareness among consumers regarding sterilization procedures.
In addition, a rise in the number of hospital-acquired medical devices has led to an increase in demand for these products which subsequently drives growth. For instance, according to a study published by the National Center for Biotechnology Information (NCBI) in 2015 stated that around 60% of medical devices acquired by hospitals are disposed off within one year due to lack of usage. This factor can be attributed towards high product penetration at institutional level which eventually boosts demand globally.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure, high disposable income, and favorable government policies are some of the major factors responsible for its growth. In addition, increasing demand for minimally invasive surgeries is expected to drive the North American low temperature sterilization market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising medical tourism and improving healthcare infrastructure in emerging countries such as India and China.
Growth Factors:
- Increasing demand for low temperature sterilization in medical and pharmaceutical industries to prevent product contamination and extend product shelf life.
- Growing awareness about the benefits of low temperature sterilization over traditional methods such as autoclaving, incineration, and pasteurization.
- Technological advancements in low temperature sterilization equipment that offer improved efficiency and safety.
- Rising demand for ready-to-eat food products due to changing lifestyle patterns and increasing urban population density.
Scope Of The Report
Report Attributes
Report Details
Report Title
Low Temperature Sterilization Market Research Report
By Type
Ethylene Oxide, Vaporized Hydrogen Peroxide, Hydrogen Peroxide Gas Plasma, Ozone, Low Temperature Steam Formaldehyde, Others
By Application
Hospitals, Clinics, Ambulatory Surgical Centers, Pharmaceutical Companies, Others
By Companies
M, Steris, Belimed, Cantel Medical, TSO3, Johnson & Johnson, Getinge, Advanced Sterilization Products(ASP), Matachana, Sterigenics International, Anderson 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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Low Temperature Sterilization Market Report Segments:
The global Low Temperature Sterilization market is segmented on the basis of:
Types
Ethylene Oxide, Vaporized Hydrogen Peroxide, Hydrogen Peroxide Gas Plasma, Ozone, Low Temperature Steam Formaldehyde, Others
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
Hospitals, Clinics, Ambulatory Surgical Centers, Pharmaceutical Companies, Others
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:
- M
- Steris
- Belimed
- Cantel Medical
- TSO3
- Johnson & Johnson
- Getinge
- Advanced Sterilization Products(ASP)
- Matachana
- Sterigenics International
- Anderson Products
Highlights of The Low Temperature Sterilization 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:
- Ethylene Oxide
- Vaporized Hydrogen Peroxide
- Hydrogen Peroxide Gas Plasma
- Ozone
- Low Temperature Steam Formaldehyde
- Others
- By Application:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Pharmaceutical Companies
- Others
- 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 Low Temperature Sterilization 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.
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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?
Low temperature sterilization is a process that uses temperatures below the boiling point of water to kill microorganisms.
Some of the major players in the low temperature sterilization market are M, Steris, Belimed, Cantel Medical, TSO3, Johnson & Johnson, Getinge, Advanced Sterilization Products(ASP), Matachana, Sterigenics International, Anderson Products.
The low temperature sterilization market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Low Temperature Sterilization 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 Low Temperature Sterilization Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Low Temperature Sterilization 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 Low Temperature Sterilization 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 Low Temperature Sterilization Market Size & Forecast, 2020-2028 4.5.1 Low Temperature Sterilization Market Size and Y-o-Y Growth 4.5.2 Low Temperature Sterilization 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 Ethylene Oxide
5.2.2 Vaporized Hydrogen Peroxide
5.2.3 Hydrogen Peroxide Gas Plasma
5.2.4 Ozone
5.2.5 Low Temperature Steam Formaldehyde
5.2.6 Others
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 Hospitals
6.2.2 Clinics
6.2.3 Ambulatory Surgical Centers
6.2.4 Pharmaceutical Companies
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Low Temperature Sterilization 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 Low Temperature Sterilization 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 Ethylene Oxide
9.6.2 Vaporized Hydrogen Peroxide
9.6.3 Hydrogen Peroxide Gas Plasma
9.6.4 Ozone
9.6.5 Low Temperature Steam Formaldehyde
9.6.6 Others
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 Hospitals
9.10.2 Clinics
9.10.3 Ambulatory Surgical Centers
9.10.4 Pharmaceutical Companies
9.10.5 Others
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 Ethylene Oxide
10.6.2 Vaporized Hydrogen Peroxide
10.6.3 Hydrogen Peroxide Gas Plasma
10.6.4 Ozone
10.6.5 Low Temperature Steam Formaldehyde
10.6.6 Others
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 Hospitals
10.10.2 Clinics
10.10.3 Ambulatory Surgical Centers
10.10.4 Pharmaceutical Companies
10.10.5 Others
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 Ethylene Oxide
11.6.2 Vaporized Hydrogen Peroxide
11.6.3 Hydrogen Peroxide Gas Plasma
11.6.4 Ozone
11.6.5 Low Temperature Steam Formaldehyde
11.6.6 Others
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 Hospitals
11.10.2 Clinics
11.10.3 Ambulatory Surgical Centers
11.10.4 Pharmaceutical Companies
11.10.5 Others
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 Ethylene Oxide
12.6.2 Vaporized Hydrogen Peroxide
12.6.3 Hydrogen Peroxide Gas Plasma
12.6.4 Ozone
12.6.5 Low Temperature Steam Formaldehyde
12.6.6 Others
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 Hospitals
12.10.2 Clinics
12.10.3 Ambulatory Surgical Centers
12.10.4 Pharmaceutical Companies
12.10.5 Others
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 Ethylene Oxide
13.6.2 Vaporized Hydrogen Peroxide
13.6.3 Hydrogen Peroxide Gas Plasma
13.6.4 Ozone
13.6.5 Low Temperature Steam Formaldehyde
13.6.6 Others
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 Hospitals
13.10.2 Clinics
13.10.3 Ambulatory Surgical Centers
13.10.4 Pharmaceutical Companies
13.10.5 Others
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 Low Temperature Sterilization Market: Competitive Dashboard
14.2 Global Low Temperature Sterilization Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 M
14.3.2 Steris
14.3.3 Belimed
14.3.4 Cantel Medical
14.3.5 TSO3
14.3.6 Johnson & Johnson
14.3.7 Getinge
14.3.8 Advanced Sterilization Products(ASP)
14.3.9 Matachana
14.3.10 Sterigenics International
14.3.11 Anderson Products