Amid the COVID-19 crisis, the global market for Sterilization Equipment and Supplies estimated at US$8.7 Billion in the year 2020, is projected to reach a revised size of US$12.9 Billion by 2027, growing at a CAGR of 5.8% over the analysis period 2020-2027.Sterilization Instruments, one of the segments analyzed in the report, is projected to grow at a 6.4% CAGR to reach US$5.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Sterilization Services segment is readjusted to a revised 5.5% CAGR for the next 7-year period. This segment currently accounts for a 31.7% share of the global Sterilization Equipment and Supplies market.
The U. S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 9% CAGR for the Period of 2020-2027
The Sterilization Equipment and Supplies market in the U. S. is estimated at US$2.3 Billion in the year 2020. The country currently accounts for a 27.07% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.7 Billion in the year 2027 trailing a CAGR of 9% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR while Rest of European market (as defined in the study) will reach US$2.7 Billion by the year 2027.
Sterilization Consumables & Accessories Segment Corners a 25.7% Share in 2020
In the global Sterilization Consumables & Accessories segment, USA, Canada, Japan, China and Europe will drive the 4.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.7 Billion in the year 2020 will reach a projected size of US$2.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.7 Billion by the year 2027, while Latin America will expand at a 6.3% CAGR through the analysis period. The publisher brings years of research experience to this 17th edition of our report. The 332-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
- 3M Company
- Advanced Sterilization Products
- Andersen Products Inc.
- Belimed AG
- Cantel Medical Corp.
- Cardinal Health Inc.
- Getinge AB
- Matachana Group
- Nordion Inc.
- Sakura SI Co.,
- Sotera Health LLC
- Sterile Technologies Inc.
- STERIS Plc.
- TSO3 Inc.
- Tuttnauer Company
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Market Snapshots
Recent Market Activity
Infection Control - A Key Precautionary Measure
Sterilization Equipment Market Witnesses Rapid Growth
Global Market Overview
Comparative Analysis of Various Sterilization Methods
Major Players in the Global Sterilization Equipment Market
Leading Players in Sterilization Equipment Market and Presence in Different Segments
Sterilization Products of Major Players Worldwide
Market Challenges
Developed Regions Continue to Lead, Developing Nations Turbo Charge Growth
Low-Temperature Sterilization Gains Ground
Leading Players in the Low-Temperature Sterilization Market
Select Leading Low Temperature Sterilization Equipment Manufacturers
EtO- Changing Face
Electron-beam Emerges as a Key Radiation Method
High Growth Forecast for Steam Autoclaves Market
Emerging Technologies Bode Potential
Innovative RFID Solution to Monitor Temperature Setting during Sterilization
X-Ray Technology - The Future of Radiation Sterilization
Nitrogen Dioxide Sterilization
Ultra-High Pressure Homogenization
Pulsed Light Technology for Produce Sterilization
Microwave Sterilization
UV LED Technology
Global Competitor Market Shares
Sterilization Equipment and Supplies Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3M Company (USA)
Advanced Sterilization Products (USA)
Andersen Products, Inc. (USA)
Belimed AG (Switzerland)
Cantel Medical Corp. (USA)
Cardinal Health, Inc. (USA)
Getinge AB (Sweden)
Matachana Group (Spain)
Sotera Health LLC (USA)
Nordion, Inc. (Canada)
Sakura SI Co., Ltd. (Japan)
Sterile Technologies, Inc. (USA)
Steris Plc. (UK)
TSO3, Inc. (Canada)
Tuttnauer Company (USA)
3. MARKET TRENDS & DRIVERS
Increased Minimally Invasive Procedures Lend Traction to the Market
Endoscope Contamination - A Major Health Hazard Driving the Demand for Sterilization Equipment
Aging Population - A Key Growth Driver
Endoscopes Rank among the Leading Causes of Health Hazards
Superbugs Throw the Spotlight on Sterilization
Growing Health Concerns Spur Demand
Growing Health Concerns Spur Demand
Increasing Need to Reduce Hospital-Acquired Infections Propel Market Demand
Rising Demand for Medical Devices Augurs Well for the Market
Contract Sterilization - A Key Trend in the Sterilization Market
In-House Sterilization Witnesses Increased Demand
Outsourcing of Hospital Sterile Services Grows in Popularity
Asian Markets catch up with the OS Trend
Improving Healthcare Expenditure to Foster Growth
Reprocessing of Medical Devices - A Vital Cost Saving Strategy for the Healthcare Industry
Development of Prion Deactivation Technology
Bioburden - A Key Aspect of the Sterilization Market
Biological and Chemical Indicators - Need of the Hour
Bright Prospects for Sterilization in Medical Packaging
Issues Hampering Growth
Dental Sterilization Witnesses Steady Growth
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Sterilization Equipment and Supplies Market Share (in %) by Company: 2018 & 2025
Market Analytics
CANADA
JAPAN
CHINA
EUROPE
Market Facts & Figures
European Sterilization Equipment and Supplies Market: Competitor Market Share Scenario (in %) for 2018 & 2025
Market Analytics
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
IV. COMPETITION
Total Companies Profiled: 92
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