The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s sterilization equipment and disinfectants market report forecasts the sterilization equipment and disinfectants market size to grow to $12.58 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.

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Sterilization Equipment And Disinfectants Market Size Forecast

The global sterilization equipment and disinfectants market is expected to grow from $8.15 billion in 2022 to $8.98 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global sterilization equipment and disinfectants market size is expected to grow from $12.58 billion in 2027 at a CAGR of 8.8%.

Asia-Pacific held the largest sterilization equipment and disinfectants market share.

Key Sterilization Equipment And Disinfectants Market Driver ­– Rise In Government Regulations To Combat The COVID-19 Situation
In March 2020, US EPA announced the acceleration of reviewing the submissions by disinfectant manufacturers requesting to add Emerging Viral Pathogens Claims to the already existing surface disinfectant labels. EPA also took steps against supply chain challenges by increasing the flexibility of procurement of inert ingredients and even some active ingredients listed in List N – “Disinfectants for Use against SARS-CoV-2”, without checking for the agency’s approval. The manufacturers are also allowed to release the disinfectants by just notifying the changes adopted in formulation and manufacturing facilities without waiting for US EPA approval. EPA has also created platforms to identify and protect consumers from fraudulent Coronavirus Disinfectants Claims. Governments’ steps against COVID-19 will focus on the enhancement of the production, approval, and safety of consumers and mitigate the supply chain challenges, which will increase the revenue of the market.

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Key Sterilization Equipment And Disinfectants Market Trend – Adopting Sustainable Solutions

Sustainable solutions such as repeat sterilization of medical equipment including personal protective equipment are expected to boost the market during the forecast period. As there is a shortage in the supply of PPE to the hospitals offering services to COVID-19 patients, few companies have come up with repeat sterilization of used PPE like gowns and masks. In April 2020, San-I-Pak, a California-based company that manufactures equipment for high-end waste treatment, has sterilization equipment that sterilizes used medical equipment like PPE including isolation gowns, 3M safety glasses, and several non-branded polycarbonate glasses, and surgical masks. Similarly, Battelle Memorial Institute, a non-profit research organization, is aiming to re-using the N95 respirator masks by sterilizing the N95 respirator masks as long as the masks are not made of cellulose. Battelle has been funded with $400 million by the Defense Logistics Agency under US HHS to provide decontamination of N95 across 60 sites in the USA. Following the scarcity of PPE, decontamination or sterilization of PPE rather than replacing this vital medical equipment is expected to be a growth area.

Sterilization Equipment And Disinfectants Market Segment

1) By Product Type: Sterilization Equipment, Disinfectants

2) By Method: Physical Method, Chemical Method, Mechanical Method

3) By End-User: Hospitals And Clinics, Pharmaceutical Companies, Clinical Laboratories

Sterilization Equipment And Disinfectants Market Major Players and Strategies

Major players in the sterilization equipment and disinfectants market are 3M Company, Cantel Medical Corporation, Steris Corporation, Getinge AB, Belimed, TSO3 Inc., Matachana Group, CISA Production SRL, Advanced Sterilization Products, and Sakura SI CO.

In December 2021, Sterimed, a France-based sterilized packaging solution manufacturer acquired Westfield Medical for an undisclosed amount. The acquisition would strengthen the presence of Sterimed in the UK and many international markets. Westfield Medical is a UK-based manufacturer of single use sterilisation barrier systems.

The Sterilization Equipment And Disinfectants Global Market Report 2023 covers regional data on sterilization equipment and disinfectants market size, sterilization equipment and disinfectants market trends and drivers, opportunities, strategies, and sterilization equipment and disinfectants market competitor analysis. The countries covered in the sterilization equipment and disinfectants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Sterilization equipment and disinfectants are products used to remove or kill microorganisms from the surface of medical equipment and supplies.

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Sterilization Equipment Global Market Report 2023

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