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 market report forecasts the sterilization equipment market size to grow to $18.5 Billion by 2027, with a CAGR (compound annual growth rate) of more than 11%.

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Sterilization Equipment Market Size Forecast
The global sterilization equipment market is expected to grow from $10.8 billion in 2022 to $12.12 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. 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 sterilization equipment market size is expected to grow to $18.5 billion in 2027 at a CAGR of 11.2%.

North America held the largest sterilization equipment market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Sterilization Equipment Market Driver ­– Rise In The Incidences Of Hospital-Acquired Infections
For instance, according to the Centers for Disease Control and Prevention (CDC), healthcare-associated infections (HAIs) increased significantly in US hospitals in 2020, owing largely to the COVID-19 pandemic. In addition, in the second, third, and fourth quarters of 2020, national SIRs (standardized infection ratios) for central-line–associated bloodstream infections (CLABSIs) increased by 27.9%, 46.4%, and 47%, respectively. The SIR for CLABSIs increased by 149% in Arizona in the second quarter of 2020 compared to the same period in 2019; in Massachusetts, it doubled. Therefore, the rising incidences of hospital-acquired infections propel the growth of the sterilization equipment market.

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Key Sterilization Equipment Market Trend – Introducing New Sterilization Instruments
The introduction of new sterilization instruments by key manufacturers to bring speed, simplicity, and compliance to sterilization processing is a major trend in the sterilization equipment market. Major companies operating in sterilization equipment is focused on introducing new equipment to meet consumer demand. For instance, in October 2020, Midmark Corp., a US-based manufacturer of healthcare products, launched Sterilizer Data Logger and updated M3 Steam Sterilizer. Midmark has improved the performance of the sterilizers in the dental practice with the upgraded Midmark M3 Steam Sterilizer and new Sterilizer Data Logger. The redesigned Midmark M3 Steam Sterilizer sterilize tools and handpieces rapidly and without fuss. It simplifies instrument sterilization with built-in safety safeguards, no extra air and water filtration systems to maintain, and a small design. The new Sterilizer Data Logger records and stores the physical and mechanical performance of a sterilizer automatically. When the Sterilizer Data Logger is connected to a Midmark M9 or M11 steam sterilizer, it will provide access to years of data on a single USB drive. This strategy simplifies the transfer of information, saves time during audits, and makes troubleshooting sterilization concerns easier.

Sterilization Equipment Market Segment
1) By Product: Sterilization Indicators, Detergents, Pouches, Lubricants, Sterilization Accessories
2) By Equipment: High-Temperature Sterilization, Low-Temperature Sterilization, Filtration Sterilization, Lonizing Radiation Sterilization
3) By End User: Pharmaceutical Companies, Hospitals And Clinics, Medical Device Companies, Food And Beverage Companies, Other End Users

Sterilization Equipment Market Major Players and Strategies
Major players in the sterilization equipment market are STERIS, Getinge AB, 3M, Cardinal Health, Fortive Corporation, Stryker Corporation, Cantel Medical, MMM Group, Merck KGaA, Matachana Group, Systec GmbH, Metall Zug Group, Tuttnauer, DE LAMA S.P.A., Life Science Outsourcing Inc., and Midwest Sterilization Corporation.

In July 2022, Ellab, a Denmark-based provider of validation, monitoring and calibration solutions and services, acquired Causa for an undisclosed amount. Through this acquisition, Ellab will expand its field services in key markets. Causa is a Dutch-based company that offers qualification and validation services focusing on sanitization and sterilizing equipment.

The Sterilization Equipment Global Market Report 2023 covers regional data on sterilization equipment market size, sterilization equipment market trends and drivers, opportunities, strategies, and sterilization equipment market competitor analysis. The countries covered in the sterilization equipment 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 is the process of the complete elimination of all forms of microbial life, including bacteria, viruses, fungi, and spores, on the surface of an item or in the fluid, to prevent disease transmission related to the usage of an object. Equipments used for sterilization are called sterilization equipment.

View More Reports Related To The Sterilization Equipment Market –
Sterilization Equipment And Disinfectants Global Market Report 2023
Hospital Supplies Global Market Report 2023
Disposable Hospital Supplies Global Market Report 2023

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