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 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
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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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
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Market Players Covered
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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.)
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Market Opportunities
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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.)
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