Image

Global Medical Device Sterilization Market – Industry Trends and Forecast to 2030

Medical Devices

Image

Global Medical Device Sterilization Market – Industry Trends and Forecast to 2030

  • Medical Devices
  • Upcoming Report
  • Sep 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Medical Device Sterilization Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 10,860.30 Million
Diagram Market Size (Forecast Year) USD 16,928.62 Million
Diagram CAGR %

Major Markets Players

  • STERIS
  • Getinge AB
  • 3M
  • Sotera Health
  • Fortive

Global Medical Device Sterilization Market, By Product (Instruments, Reagents, and Services), Technology (Thermal Sterilization, Ionizing Radiation Sterilization, Filtration Sterilization, and Gas and Chemical Sterilization), End-User (Pharmaceutical Companies, Hospitals, Clinics, Laboratories, Academic, and Research Institutes, Medical Device Manufacturers and Others), Distribution Channel (Direct Tenders, Retail Sales and Third-Party Distributor) - Industry Trends and Forecast to 2030.

Medical Device Sterilization Market

Medical Device Sterilization Market Analysis and Size:

The increasing demand for medical devices acts as one of the major factors driving the growth of global medical device sterilization market. The rising global population, coupled with an increasing prevalence of chronic diseases, has led to a growing demand for medical devices and accelerate the global medical device sterilization market growth.

Data Bridge Market Research analyses that the global medical device sterilization market which was USD 10,860.30 million in 2022, is expected to reach USD 16,928.62 million by 2030, and is expected to undergo a CAGR of 7.68% during the forecast period of 2023 to 2030. The “Instruments” segment dominates the product segment of the global medical device sterilization market owing to the advancements in technology have led to the development of advancements in drug products for various use. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Medical Device Sterilization Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

 By Product (Instruments, Reagents, and Services), Technology (Thermal Sterilization, Ionizing Radiation Sterilization, Filtration Sterilization, and Gas and Chemical Sterilization), End-User (Pharmaceutical Companies, Hospitals, Clinics, Laboratories, Academic, and Research Institutes, Medical Device Manufacturers and Others), Distribution Channel (Direct Tenders, Retail Sales and Third-Party Distributor)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Peru, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E., Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa

Market Players Covered

STERIS (U.S.), Getinge AB (Sweden), 3M (U.S.), Sotera Health (U.S.), Fortive (U.S.), Cardinal Health (U.S.), Metall Zug AG (Switzerland), Stryker (U.S.), Merck KGaA (Germany), MMM Group (Germany), MATACHANA GROUP (Spain), Tuttnauer (Netherlands), Andersen Sterilizers (U.S.), Steelco S.p.A. (Italy), Noxilizer, Inc.  (U.S.), DE LAMA S.P.A. (Italy), Cosmed Group (U.S.), C.B.M. S.r.l. Medical Equipment (Italy), E-BEAM Services, Inc. (U.S.)

Market Opportunities

  • Rising demand for outpatient and ambulatory care services
  • Expansion of the global healthcare industry

Market Definition

It refers to the market for processes and technologies used to sterilize medical devices, equipment, and instruments to ensure their safety and efficacy for use in healthcare settings. Medical devices, ranging from surgical instruments to implantable devices, need to be thoroughly sterilized to eliminate microorganisms such as bacteria, viruses, and fungi that could cause infections or other adverse effects when used on patients.

Global Medical Device Sterilization Market Dynamics

Drivers

  • Increasing Prevalence of Healthcare-Associated Infections (HAIs)

HAIs pose a significant threat to patient safety, and medical device sterilization plays a crucial role in preventing these infections. The rising incidence of HAIs drives the demand for effective sterilization methods, thereby boosting the global market for medical device sterilization.

  • Growing Emphasis on Infection Control and Prevention

In recent years, there has been a growing awareness of the importance of infection control and prevention in healthcare settings. Regulatory bodies and healthcare organizations worldwide are placing increased emphasis on implementing stringent sterilization processes to ensure patient safety. This focus on infection control acts as a driver for the global medical device sterilization market.

  • Technological Advancements

The development of new and improved sterilization technologies, such as ethylene oxide (EO) sterilization, gamma sterilization, hydrogen peroxide sterilization, and low-temperature sterilization methods, has enhanced the efficiency and effectiveness of medical device sterilization. These technological advancements drive the adoption of sterilization services and products, thereby stimulating global market growth.

Opportunities

  • Rising demand for Outpatient and Ambulatory Care Services

The shift towards outpatient and ambulatory care settings has led to an increased demand for sterile medical devices in these facilities. The need for efficient and rapid sterilization methods to support the growing number of procedures performed in outpatient settings is driving the global market for medical device sterilization.

  • Expansion of the Global Healthcare Industry

The global healthcare industry is expanding, driven by factors such as population growth, aging demographics, and increasing healthcare expenditure. As the demand for medical devices rises with the growing healthcare industry, the need for effective sterilization processes also increases, propelling the global medical device sterilization market.

Restraints/Challenges

  • Regulatory Compliance

Medical device sterilization is subject to stringent regulations and standards imposed by regulatory authorities such as the U.S. Food and Drug Administration (FDA) and the European Union Medical Device Regulation (EU MDR). Meeting and maintaining compliance with these regulations can be complex and time-consuming for sterilization providers, requiring continuous investment in equipment, facilities, and quality control processes.

  • Emerging Infectious Diseases

The outbreak of emerging infectious diseases, such as the COVID-19 pandemic, has significantly increased the demand for medical device sterilization. Sterilization providers have faced challenges in scaling up their operations to meet the increased demand, ensuring supply chain continuity, and maintaining high-quality standards during times of crisis.

This global medical device sterilization market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global medical device sterilization market, contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

  • In May 2023, 3M is expanding its ongoing commitment to materials science-based climate tech solutions by working with Svante Technologies, Inc. (Svante) to develop material that can trap carbon dioxide (CO2) found in the atmosphere and permanently remove it
  • In June 2023, Merck, known as MSD outside of the United States and Canada, announced the completion of the Prometheus Biosciences, Inc. (“Prometheus”) acquisition. Prometheus is now a wholly-owned subsidiary of Merck and the common stock of Prometheus will no longer be listed or traded on the Nasdaq Global Market

Global Medical Device Sterilization Market scope

The global medical device sterilization market is segmented on the basis product, technology, end-user, and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Instruments
  • Reagents
  • Services

 Technology

  • Thermal Sterilization
  • Ionizing Radiation Sterilization
  • Filtration Sterilization
  • Gas and Chemical Sterilization

 End-User

  • Pharmaceutical Companies
  • Hospitals
  • Clinics
  • Laboratories
  • Academic
  • Research Institutes
  • Medical Device Manufacturers
  • Others

Distribution Channel

  • Direct Tenders
  • Retail Sales
  • Third-Party Distributor

Global Medical Device Sterilization Market regional analysis/insights

The global medical device sterilization market is analysed and market size insights and trends are the basis product, technology, end-user, and distribution channel as referenced above.

The countries covered in the global medical device sterilization market report are U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East & Africa

North America dominates the global medical device sterilization market due to the presence of major key players, high disposable income, high healthcare expenditure and well-developed healthcare sector in this region.

Asia-Pacific is expected to grow in the global medical device sterilization market during the forecast period of 2023-2030 due to the increasing research and development activities, rising investment in the healthcare sector and growing government support.

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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The global medical device sterilization market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for global medical device sterilization market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the global medical device sterilization market. The data is available for historic period 2015-2020.

Competitive Landscape and Global Medical Device Sterilization Market Share Analysis

The global 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, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global medical device sterilization market.

Some of the major players operating in the global medical device sterilization market are:

  • STERIS (U.S.)
  • Getinge AB (Sweden)
  • 3M (U.S.)
  • Sotera Health (U.S.)
  • Fortive (U.S.)
  • Cardinal Health (U.S.)
  • Metall Zug AG (Switzerland)
  • Stryker (U.S.)
  • Merck KGaA (Germany)
  • MMM Group (Germany)
  • MATACHANA GROUP (Spain)
  • Tuttnauer (Netherlands)
  • Andersen Sterilizers (U.S.)
  • Steelco S.p.A. (Italy)
  • Noxilizer, Inc.  (U.S.)
  • DE LAMA S.P.A. (Italy)
  • Cosmed Group (U.S.)
  • C.B.M. S.r.l. Medical Equipment (Italy)
  • E-BEAM Services, Inc. (U.S.)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Get online access to the report on the World's First Market Intelligence Cloud

  • Interactive Data Analysis Dashboard
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
  • Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Request for Demo

FREQUENTLY ASK QUESTIONS

The medical device sterilization market size will be worth USD 16,928.62 million by 2030.
The growth rate of the medical device sterilization market is 7.68% by 2030.
Increasing Prevalence of Healthcare-Associated Infections (HAIs), Growing Emphasis on Infection Control and Prevention & Technological Advancements are the growth drivers of the medical device sterilization market.
Product, technology, end-user, and distribution channel are the factors on which the medical device sterilization market research is based.
Major companies in the medical device sterilization market are STERIS (U.S.), Getinge AB (Sweden), 3M (U.S.), Sotera Health (U.S.), Fortive (U.S.), Cardinal Health (U.S.), Metall Zug AG (Switzerland), Stryker (U.S.), Merck KGaA (Germany), MMM Group (Germany), MATACHANA GROUP (Spain), Tuttnauer (Netherlands), Andersen Sterilizers (U.S.), Steelco S.p.A. (Italy), Noxilizer, Inc. (U.S.), DE LAMA S.P.A. (Italy), Cosmed Group (U.S.), C.B.M. S.r.l. Medical Equipment (Italy), E-BEAM Services, Inc. (U.S.).
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials