Sterilization Technologies Market to 2030 - Trends, Size, Share

[Research Report] The sterilization technologies market is projected to grow from US$ 5,167.00 million in 2022 to US$ 9,109.08million by 2030; the market is estimated to record a CAGR of 7.3% during 2022–2030.

Market Insights and Analyst View:

The report includes growth prospects owing to the current sterilization technologies market trends and their foreseeable impact during the forecast period. The sterilization technologies market forecast can help stakeholders in this marketplace plan their growth strategies. Factors such as the increasing prevalence of healthcare-associated infections and the rising number of surgical procedures propel the market growth. However, shutdown of medical device sterilization facilities impedes the growth of the market. Further, continuous developments in sterilization technologies are expected to bring new trends in the market in the coming years.

Growth Drivers:

Increasing Prevalence of Healthcare-Associated Infections Drives Sterilization Technologies Market Growth

The prevalence of healthcare-associated infections (HAIs) is on the rise due to insufficient equipment, inadequate hygiene environment conditions, poor infrastructure, limited sterilization guidelines, and lacking knowledge of infection control measures. According to the 2021 National and State HAIs Progress Report on standardized infection ratios released by the Centers for Disease Control and Prevention (CDC), acute care hospitals reported a 12% increase in ventilator-associated events, 14% surge in methicillin-resistant Staphylococcus aureus bacteremia, 7% rise in central line-associated bloodstream infections, 11% jump in surgical site infection (SSI) cases, and 5% hike in catheter-associated urinary tract infections (UTIs). According to a cohort study “Clinical and economic burden of healthcare-associated infections,” published in the National Center for Biotechnology Information (NCBI) in 2023, developing countries have an overall prevalence of HAIs of up to 15.5%. Furthermore, the prevalence has been reported to be as high as 34.1% among critically ill patients.

SSIs, Hepatitis B and C, urinary and vascular catheter-associated infections, HIV infections, and ventilator-associated infections are among the most prevalent HAIs caused by inadequate sterilization techniques. These infections result in more patient suffering, longer hospital stays, and higher treatment costs. According to MDPI, HAIs cost approximately US$ 10–33 billion annually to the US economy, while they cost more than US$ 8.2 billion (€7 billion) in Europe. According to the WHO, 10% and 7% of hospitalized patients in developing and developed countries, respectively, are expected to acquire at least one HAI. Further, ICU-acquired infection is ~2–3 folds higher in low- and middle-income countries in comparison to high-income countries. In high-income countries, ICU-acquired infections affect ~30% of patients with at least one HAI. Similarly, newborns are 20 times more prone to acquiring these infections in developing nations than in developed nations. Insufficient or inappropriate sterilization of surgical instruments and reusable objects increases the risk of contracting HAIs. Thus, the increasing prevalence of HAIs propels the sterilization technologies market growth.

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Sterilization Technologies Market: Strategic Insights

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Report Segmentation and Scope:

The “sterilization technologies market analysis” has been carried out by considering the following segments: method and end user. By method, the market is segmented into ethylene oxide sterilization, chlorine dioxide sterilization, gamma ray sterilization, electron beam sterilization, steam sterilization, and others. The ethylene oxide sterilization segment held the largest sterilization technologies market share in 2022. The chlorine dioxide sterilization segment is anticipated to register the highest CAGR during 2022–2030.  

The market, by end user, is divided into medical device companies, pharmaceutical and biotechnology companies, hospitals and clinics, laboratories, and others. The medical device companies segment held the largest sterilization technologies market share in 2022. It is anticipated to register the highest CAGR during 2022–2030.

Regional Analysis:

The geographic scope of the global sterilization technologies market report is segmented into North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. In 2022, North America accounted for the largest market share. A rise in HAI cases due to contaminated instruments and lack of preventive measures is the major factor that fuels the demand for sterilization technologies across healthcare facilities in the US. As per the Centers for Disease Control and Prevention (CDC), in 2022, approximately 1 in 31 American patients and 1 in 43 nursing home residents contracted at least one HAI each day. As per the CDC, more than ~1.7 million infections and ~99,000 associated deaths each year are due to HAIs. These estimates indicate the need for improvements in patient care practices in healthcare facilities in the US.

The demand for sterilization products is growing significantly across the US. In response to awareness about sterilization, various market leaders are launching their products. In April 2020, Advanced Sterilization Products (US) received FDA Emergency Use Authorization (EUA) for its STERRAD sterilizers. The product enables healthcare providers to decontaminate N95 Respirators using STERRAD Sterilization Cycles in hospital settings.

Sterilization Technologies Market Regional Insights

The regional trends and factors influencing the Sterilization Technologies Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Sterilization Technologies Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Sterilization Technologies Market Report Scope

Sterilization Technologies Market Players Density: Understanding Its Impact on Business Dynamics

The Sterilization Technologies Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Sterilization Technologies Market are:

1. Advanced Sterilization Products Services Inc
2. Atec Pharmatechnik GmbH
3. Belimed Inc
4. Steris Plc
5. Andersen Sterilizers Inc

Disclaimer: The companies listed above are not ranked in any particular order.

Industry Developments and Future Opportunities:

A few strategic developments by leading players contributing to the expansion of the sterilization technologies market size are listed below:

• In August 2023, the FDA cleared the Steris V-PRO maX 2 Low-Temperature Sterilization System with a specialty cycle for the sterilization of 3D-printed devices used in healthcare facilities. This is the first FDA-approved system capable of effectively sterilizing surgical instruments such as patient-specific surgical guides (e.g., osteotomy, shoulder, hip, knee, and spine) and 3D printed anatomical models intended for single use during operative procedures.
• In June 2023, Shimadzu Corporation collaborated with Shyld, a US-based artificial intelligence (AI) and robotics expert, to develop an AI-enhanced ultraviolet irradiation C (UV-C) disinfection technology. The technology aims to redefine the infection control landscape by combining Shimadzu’s optics and Shyld’s AI innovations.
• In May 2023, Ahlstrom launched Reliance Fusion, a next-generation simultaneous sterilization wrap that helps increase the efficiency of surgical equipment tray sterilization at hospitals. Reliance Fusion integrates top-quality cellulose and polypropylene-based materials.
• In February 2021, XECH launched STEROSTET, India’s first UV-C GI tech-powered stethoscope sterilizer. This product uses a special UV-C GI technology to sterilize stethoscope diaphragms of all sizes with up to 99.9999% effectiveness. The stethoscope can be sterilized in less than 5 minutes while switching from one patient to another with the help of this cutting-edge technology. The STEROSTET also comes with in-built intelligent sensors to ensure hassle-free, safe, and smooth and quick stethoscope sterilization.

Competitive Landscape and Key Companies:

Advanced Sterilization Products Services Inc, Steris Plc, Atec Pharmatechnik GmbH, Belimed Inc, Andersen Sterilizers Inc, Consolidated Machine Corp, Sterile Technologies Inc, Tuttnauer, BMT Medical Technology SRO, and Steelco SpA are among the prominent companies profiled in the sterilization technologies market report. These companies focus on developing new technologies, upgrading existing products, and expanding their geographic presence to meet the growing consumer demand worldwide.