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Sterilization Equipment and Supplies - Global Market Trajectory & Analytics

  • ID: 338875
  • Report
  • July 2020
  • Region: Global
  • 332 Pages
  • Global Industry Analysts, Inc
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Global Sterilization Equipment and Supplies Market to Reach $12.9 Billion by 2027

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 record a 6.4% CAGR and 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.

The U.S. Market is Estimated at $2.3 Billion, While China is Forecast to Grow at 9% CAGR

The Sterilization Equipment and Supplies market in the U.S. is estimated at US$2.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2027 trailing a CAGR of 9% over the analysis period 2020 to 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.

Sterilization Consumables & Accessories Segment to Record 5.1% CAGR

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. We bring 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.
Note: Product cover images may vary from those shown
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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

Note: Product cover images may vary from those shown
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