Global Sterilization Equipment Market (2021-2026) by Products and Services, End User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Sterilization Equipment Market is estimated to be USD 11.35 Bn in 2021 and is expected to reach USD 16.6 Bn by 2026, growing at a CAGR of 7.9%.



Market Dynamics

The increasing prevalence of infectious diseases is the major factor currently driving the market growth. According to WHO, up to May 2021 more than one hundred and sixty-six million confirmed cases of COVID 19 were reported. In addition, the rising prevalence of hospital-acquired infections and surgical procedures are propelling the market growth. The sterilization process is mandatory in producing pharmaceutical and biotechnological products, thereby increasing the application of sterilization equipment. Adoption of sterilization equipment in food disinfection is anticipated to increase the market revenue. However, the high cost of equipment and non-compliance to sterilization standards are expected to hinder the market growth.

Government initiatives in improving healthcare infrastructure and rising industrialization in emerging countries are anticipated to create new opportunities for the market.

Market Segmentation

The Global Sterilization Equipment Market is segmented further based on Products and Services, End User, and Geography.

By Products and Services, the market is classified into sterilization instruments, sterilization services, and sterilization consumables & accessories. Amongst all, the sterilization instruments segment is estimated to hold the highest market share during the forecast period.

By End User, the market is classified as hospitals & clinics, medical device companies, pharmaceutical companies. food & beverages companies, and others. Amongst all, the pharmaceutical companies segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. Indian company Xech has launched India's first stethoscope sterilizer, Xech Sterostet, which uses special UV-C GI technology for sterilizing stethoscopes diaphragms of all sizes. - 15th February 2021.
2. Advanced sterilization products received FDA EUA approval for decontamination of millions of compatible N95 respirators to help protect against COVID-19. - 14th April 2020.

Company Profiles

Some of the companies covered in this report Steris plc, Stryker Corporation, Getinge GE, Advanced Sterilization Products Services, Inc., The 3M Company, Belimed AG, Matachana Group, etc.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Sterilization Equipment Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains a competitive analysis using the Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market