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 2029
Medical Device Sterilization Market Analysis and Size
According to the CDC's National Diabetes Statistic Report, over 100.0 million Americans had diabetes or prediabetes as of 2017. Additionally, according to data from the WHO, diabetes was directly responsible for nearly 1.6 million deaths worldwide in 2015. A major healthcare burden has been cancer. According to WHO estimates, cancer is the biggest cause of mortality worldwide, accounting for nearly 1 in 6 fatalities. Additionally, it stated that middle- and low-income countries often account for approximately 70% of cancer-related fatalities.
Data Bridge Market Research analyses that the medical device sterilization market which was USD 7.2 billion in 2021, would rocket up to USD 14.14 billion by 2029, and is expected to undergo a CAGR of 8.80% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Medical Device Sterilization Market Scope and Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Billion, Volumes in Units, Pricing in USD
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)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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.)
Sterilization is referred to as the statistically conclusive elimination of all germs, including the toughest bacteria and spores. To prevent disease transmission linked to the use of an object, sterilisation eliminates all microorganisms on the surface of an article or in a fluid. However, using essential things that have not been thoroughly sterilised suggests a high danger of infection transmission.
Medical Device Sterilization Market Dynamics
- Increase in the quantity of surgical procedures
Catheter use, poor cleanliness standards in healthcare facilities, and overuse of antibiotics are just a few examples of factors that can make people more susceptible to HAIs. Furthermore, one of the main drivers of market expansion is an increase in the quantity of surgical procedures performed in clinics. To maintain a healthy environment in the clinic, proper hygiene and sanitation must be maintained. Additionally, the spread of COVID-19 necessitates implementing preventative measures to limit the disease's transmission. The use of sterilising equipment in clinics is anticipated to be influenced by these factors.
- Rising prevalence of HAIs
A major driver projected to fuel market growth during the forecast period is the rising prevalence of HAIs brought on by poor sanitation and preventive measures. Around 1.7 million HAI cases and 99,000 related fatalities are recorded annually in American hospitals, according to a CDC data from 2018. In 2018, the frequency of HAIs in European countries was around 7.1%, according to a report from the European Center for Disease Prevention and Control (ECDC). Additionally, it stated that around 4,131,000 patients in Europe experience HAIs annually. Such incidents are increasing the need for sterilisation machinery.
- Rise in prevalence of chronic diseases
The prevalence of chronic diseases including diabetes, cancer, and other autoimmune disorders is expected to rise, which would raise the demand for sterilising equipment. Some of the key causes of the rising prevalence of chronic diseases include antimicrobial resistance, an increase in unhealthy and sedentary lifestyles, smoking, and alcohol use.
The rate of hospital admissions has dramatically grown due to the rising frequency of chronic illnesses. Equipment, clean fluids, and blankets are a few of the necessities at hospitals and clinics. Sterilization tools therefore effectively serve the aim in such circumstances by lowering the danger of infection transmission among patients and enhancing healthcare delivery. As a result, the market is anticipated to benefit from the rising prevalence of chronic disorders throughout the forecast period.
On the other hand, the high cost associated with drug development and distribution will obstruct the market's growth rate.
This 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 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.
COVID-19 Impact on Medical Device Sterilization Market
The COVID-19 epidemic harmed the companies' sales. Lockdowns caused by the COVID-19 epidemic delayed people getting their health checked, reducing the number of tests performed and reagent sales. However, as governments gradually relax travel restrictions, testing numbers are increasing. Dealing with infectious diseases has become a major medical concern around the world since the COVID-19 pandemic. Aside from vaccines and therapeutic medications, there is a growing demand for more precise and simple testing technologies, as well as the expansion of testing structures.
- In January 2021, STERIS revealed that it had finished buying Cantel Medical. STERIS will be able to expand and complement its customer base, global reach, and product and service offerings with this acquisition. This acquisition has enhanced growth by increasing product sales and demand.
- In May 2021, Merck KGaA announced staff changes at the Merck Group level in order to accelerate the trajectory of strategic growth based on research and technology. By boosting the company's market credibility, this growth enhanced revenue generating.
Global Medical Device Sterilization Market Scope
The medical device sterilization market is segmented on the basis of p product, technology, end-user, and distribution channel. The growth amongst these segments will help you analyze 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.
- Thermal Sterilization
- Ionizing Radiation Sterilization
- Filtration Sterilization
- Gas and Chemical Sterilization
- Pharmaceutical Companies
- Research Institutes
- Medical Device Manufacturers
- Direct Tenders
- Retail Sales
- Third-Party Distributor
Medical Device Sterilization Market Regional Analysis/Insights
The medical device sterilization market is analysed and market size insights and trends are provided by country, product, technology, end-user, and distribution channel as referenced above.
The countries covered in the medical device sterilization market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominated the market and accounted for over 35.6% share of global revenue in 2021 due to favourable reimbursement policies, which boost their adoption.
Asia-Pacific region is expected to witness a considerable growth rate due to factors such as the increasing need to control hospital-acquired infections.
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 2010-2020.
Competitive Landscape and Medical Device Sterilization Market Share Analysis
The 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 medical device sterilization market.
Some of the major players operating 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.)