STERIS, 3M, Merck KGaA are Dominating the Global Medical Device Sterilization Market in 2020

The Global Medical Device Sterilization Market is expected to grow with a CAGR of 8.3% in the forecast period of 2021 to 2028. The years considered for the study are mentioned below.

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The global medical device sterilization market is a highly consolidated market, which includes a specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenarios.    

The major players dealing in the global medical device sterilization market are introducing a strong range of products provider along with launching new products and adopting strategic initiatives such as acquisition, agreement into the market. This helped companies to maximize sales with an enhanced product portfolio.

For instance,

  • In January 2021, STERIS announced that it had completed the acquisition of Cantel Medical. Through this acquisition, STERIS complement and extend its product and service offerings, global reach, and customers. This acquisition has increased the sales and demands of the product and boosted the growth.

STERIS is the dominating player in the global medical device sterilization market. The other key players existing in the market includes are Getinge AB, Cardinal Health, STERIS, 3M, Biobase Biodusty (Shandong), Co., Ltd., Midmark Corporation, Merck KGaA, Dentsply Sirona, MATACHANA GROUP, W&H Dentalwerk Bürmoos GmbH, SciCan Ltd., MELAG Medizintechnik GmbH & Co. KG, MMM Group, Sterigenics U.S., LLC, ASP, Tuttnauer, Steelco S.p.A., Belimed AG, Systec GmbH among others.

Medical Device Sterilization Market STERIS

STERIS was founded in 1985, with headquarters in Ohio, U.S. The company focuses on the manufacturing of devices in order to manage chronic pain and diabetes, among others. The company has the following business segments- healthcare products, healthcare specialty services, life sciences, and applied sterilization technologies. The company is providing products operating room equipment and solutions, sterile processing products and services, endoscope reprocessing, endoscopy devices, medical equipment for the intensive care unit (ICU), endoscopy equipment, therapeutic endoscopy. The market focus products lie under sterile processing products and services, endoscope reprocessing product category.   

For instance,

  • In January 2021, STERIS announced that it had completed the acquisition of Cantel Medical. Through this acquisition, STERIS complement and extend its product and service offerings, global reach, and customers. This acquisition has increased the sales and demands of the product and boosted the growth.
  • The company has wide presence Americas, Europe, Middle East, and Africa, Asia-Pacific. The company also has various subsidiary companies such as Albert Browne Limited (England), Bryton Corporation (U.S.), Herotron E-Beam Service GmbH (Germany), STERIS AB (Sweden), and Bizworth Gammarad Sdn Bhd (Malaysia), among others.

3M

3M was founded in 1902, headquartered in Minnesota, U.S. The company provides products and services, including medical and surgical supplies, skin health and infection prevention products, oral care solutions (dental and orthodontic products), separation and purification sciences, health information systems, inhalation, and transdermal drug delivery systems, and food safety products. The business segment includes safety and industrial, transportation and electronics, consumer healthcare. The focused business segment healthcare.  The company is providing products under surgical solutions, filtration, food service and hospitality, home care and cleaning, food safety and microbiology, hand hygiene, medical tapes, home improvement, orthodontic, facility cleaning & maintenance, facility & site safety among others. The market focused products lie under surgical solutions product category. The company has initiated many strategic initiatives to expand its market.

For instance,

  • In February 2021, 3M has launched the 3M Clean & Protect Certified Badge Program. It is a new comprehensive system for cleaning, monitoring, and protecting facilities. This strategy is anticipated to strengthen the company's footprints in the market and accelerate its growth trajectory, particularly in the long term.

The company has a wide presence across the Americas, Europe, Middle East, and Africa, and Asia-Pacific. The company also has various subsidiary companies such 3M Japan Ltd (Japan), 3M Canada (Canada), 3M India Ltd (India), 3M Thailand ltd (Thailand), 3M China Ltd (China), among others.

Merck KGaA

Merck KGaA was incorporated in 1668, headquartered in Darmstadt, Germany. The company focuses on developing tools and solutions that help deliver breakthroughs more quickly. The company has business segments such as healthcare, life science, electronics, among which life science is a focused business segment. The company is providing products analytics, and sample preparation, biopharmaceutical manufacturing, industrial microbiology, and industrial microbiology is the market focused category.

The company has a wide presence across the Americas, Europe, Asia-Pacific, Oceania, Middle East, and Africa. The company has various subsidiary companies such as A.B. Allgemeine Pensions GmbH & Co. K.G. (Germany), Allergopharma GmbH & Co. KG A) (Germany), Allergopharma Verwaltungs GmbH (Germany), AZ Electronic Materials GmbH (Germany), Biochrom GmbH (Germany) among others. The company has initiated many strategic initiatives to expand its market.

For instance-

  • In May 2021, Merck KGaA announced personnel changes at the Merck Group level to further push the science & technology-based strategic growth trajectory. This expansion increased the company's credibility in the market, thereby increasing revenue generation.