Asia-Pacific Medical Device Sterilization Market, By Product (instruments, reagents and services), By Technology (thermal sterilization, ionizing radiation sterilization, filtration sterilization and gas & chemical sterilization.), By End User (pharmaceutical companies, hospitals, clinics, laboratories, academic, and research institutes, medical device manufacturers and others), By Distribution channel (direct tenders, retail sales and third-party distributor) By Country (U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Netherlands, Switzerland, Turkey, Belgium and Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific, South Africa, Saudi Arabia, UAE, Egypt Israel and Rest of Middle East and Africa, Brazil, Argentina and Rest of South America) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Asia-Pacific Medical Device Sterilization Market
Asia-Pacific medical device sterilization market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the Asia-Pacific medical device sterilization market is growing with a CAGR of 8.6% in the forecast period of 2021 to 2028 and is expected to reach USD 1,799.43 million by 2028 from USD 942.41 million in 2020. Rising prevalence of chronic diseases and escalation in number of surgeries are the major drivers which propelled the demand of the market in the forecast period.
Sterilization refers to the statistically complete destruction of all microorganisms inclusive of the most resistant bacteria and spores.
Sterilization destroys all microorganisms on the surface of an article or in a fluid to stave off disease transmission related to the usage of an item. While the use of insufficiently sterilized critical items indicates a high risk of transmitting pathogens. This is likely due to the broad margin of safety associated with the sterilization processes used in healthcare facilities. The different types of sterilizers used widely in healthcare facilities include steam sterilization, flash sterilization, low-temperature sterilization technologies, ethylene oxide “gas” sterilization, hydrogen peroxide gas plasma, peracetic acid sterilization.
The Asia-Pacific medical device sterilization market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific Medical Device Sterilization Market Scope and Market Size
Asia-Pacific medical device sterilization market is segmented on the basis of product, technology, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the Asia-Pacific medical device sterilization market is segmented into instruments, reagents and services. The instruments segment is further segmented into thermal sterilizer, ionizing radiation sterilizers, filtration sterilizers, and chemical & gas sterilizers. The thermal sterilizers segment is further segmented into high temperature sterilizers and low temperature sterilizers. The reagents segment is further segmented into sterilization indicators, pouches, detergents, lubricants, accessories. The sterilization indicators are further segmented into chemical indicators and biological indicators. The services are further segmented into steam sterilization services, gamma sterilization services, ethylene oxide sterilization services. In 2021, instruments segment is expected to dominate the market due to rising pool of a geriatric population.
- On the basis of technology, the Asia-Pacific medical device sterilization market is segmented into thermal sterilization, ionizing radiation sterilization, filtration sterilization and gas & chemical sterilization. Thermal sterilization segment is further segmented into autoclave, distillation, pasteurization, retorting and others. Ionizing radiation sterilization segment is further segmented into e-beam radiation sterilization, gamma radiation sterilization and others. Chemical & gas sterilization segment is further segmented into ethylene oxide sterilization, formaldehyde sterilization, hydrogen peroxide gas plasma, peracetic acid sterilization, chlorine dioxide sterilization and others. In 2021, thermal sterilization segment is expected to dominate the market due to increase in prevalence of HAI’s in the region.
- On the basis of end user, the Asia-Pacific medical device sterilization market is segmented into pharmaceutical companies, hospitals, clinics, laboratories, academic, and research institutes, medical device manufacturers and others. In 2021, hospitals segment is expected to dominate the market because of increase in usage of sterilizers in emerging market.
- On the basis of distribution channel, the Asia-Pacific medical device sterilization market is segmented into direct tenders, retail sales and third-party distributor. In 2021, direct sales segment is expected to dominate the market because of increase in number of product approvals and launches.
Asia-Pacific Medical Device Sterilization Market Country Level Analysis
The Asia-Pacific medical device sterilization market is analysed and market size information is provided by product, technology, end user and distribution channel.
The countries covered in the medical device sterilization market report are the are Getinge AB, Cardinal Health, Steris, 3M, Biobase Biodusty (Shandong), Co., Ltd., Midmark Corporation, Merck KGaA, Darmstadt, Germany, Dentsply Sirona, MATACHANA GROUP, W & H, SciCan Ltd., MELAG Medizintechnik GmbH & Co. KG, MMM Group, Sterigenics U.S., LLC, ASP, Tuttnauer, Steelco S.p.A., Belimed, Systec GmbH.
North America medical device sterilization market is expected to dominate the market due to increasing incidences of chronic diseases in the region, and Asia-Pacific is expected to growth with the highest CAGR in the forecasted periods due to increasing healthcare expenditure in medical devices in the region. U.S is dominating in the market and leading the growth in the Asia-Pacific market due to rising geriatric population. The Asia-Pacific region is expected to grow with the most promising growth rate in the forecast period of 2021 to 2028 because of rising demand of sterilization technologies. China is dominating Asia-Pacific market due to rising disposable income. Europe is expected to grow in the forecast period of 2021 to 2028 due to technological advancement in the region. Germany is dominating the European market with the owing to large number of players in the market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rising Healthcare Expenditure and High Prevalence of Hospital Acquired Infections (HAI’s) in the Asia-Pacific Medical Device Sterilization Market is Creating New Opportunities for Players in the Asia-Pacific Medical Device Sterilization Market
Instruments segment in U.S. is expected to grow with the highest rate and it is dominating North America region in the forecast period of 2021 to 2028 because of rising prevalence of chronic diseases. Germany is leading the growth of Europe region and instruments segment is dominating the country due to escalation in number of surgeries, instruments segment is dominating in China which is leading in the Asia-Pacific region owing to growing medical tourism.
Asia-Pacific medical device sterilization market also provides you with detailed market analysis for every country growth in particular industry with the medical device sterilization market sales, impact of advancement in the Asia-Pacific medical device sterilization market and changes in regulatory scenarios with their support for the medical device sterilization market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Medical Device Sterilization Market Share Analysis
Medical device sterilization market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width, and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to medical device sterilization market.
The major players covered in the report are Getinge AB, Cardinal Health, Steris, 3M, Biobase Biodusty (Shandong), Co., Ltd., Midmark Corporation, Merck KGaA, Darmstadt, Germany, Dentsply Sirona, MATACHANA GROUP, W & H, SciCan Ltd., MELAG Medizintechnik GmbH & Co. KG, MMM Group, Sterigenics U.S., LLC, ASP, Tuttnauer, Steelco S.p.A., Belimed, Systec GmbH among others among other domestic and Asia-Pacific players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launch and agreement are also initiated by the companies worldwide, which are also accelerating the medical device sterilization market.
For instance,
- In January 2021, STERIS announced that it has completed the acquisition of Cantel Medical. Through this acquisition, STERIS complement and extend its product and service offerings, Asia-Pacific reach and customers. This acquisition has increased the sales and demands of the product and boosted the growth.
- In February 2021, 3M has launched 3M Clean & Protect Certified Badge Program. It is a new comprehensive system for cleaning, monitoring and protecting facilities. This strategy anticipated to strengthen the company footprints in the market and accelerate its growth trajectory particularly in the long term.
Collaboration, joint ventures and other strategies by the market player is enhancing the company market in the Asia-Pacific medical device sterilization market which also provides the benefit for organisation to improve their offering for medical device sterilization market.
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