[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
Market Size Value in US$ 5,167.00 million in 2022 Market Size Value by US$ 9,109.08 million by 2030 Growth rate CAGR of 7.3% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Sterilization Technologies Market: Strategic Insights
Market Size Value in | US$ 5,167.00 million in 2022 |
Market Size Value by | US$ 9,109.08 million by 2030 |
Growth rate | CAGR of 7.3% from 2022 to 2030 |
Forecast Period | 2022-2030 |
Base Year | 2022 |
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Speak to AnalystReport 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 Report Scope
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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Method, End User, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The sterilization technologies market majorly consists of the players, including 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
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.
Sterilization technologies are widely used to reduce microorganisms that may remain on the surfaces after a standard cleaning to the minimum number.
Factors such as the increasing prevalence of healthcare-associated infections and the rising number of surgical procedures propel the market growth.
The sterilization technologies market was valued at US$ 5,167.00 million in 2022.
The sterilization technologies market is expected to be valued at US$ 9,109.08 million in 2030.
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.
1. Introduction
1.1 Scope of the Study
1.2 Market Definition, Assumptions and Limitations
1.3 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness Analysis
3. Research Methodology
4. Sterilization Technologies Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Sterilization Technologies Market - Key Market Dynamics
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. Sterilization Technologies Market - Global Market Analysis
6.1 Sterilization Technologies - Global Market Overview
6.2 Sterilization Technologies - Global Market and Forecast to 2030
7. Sterilization Technologies Market – Revenue Analysis (USD Million) – By Method, 2020-2030
7.1 Overview
7.2 Ethylene Oxide Sterilization
7.3 Chlorine Dioxide Sterilization
7.4 Gamma Ray Sterilization
7.5 Electron Beam Sterilization
7.6 Steam Sterilization
7.7 Others
8. Sterilization Technologies Market – Revenue Analysis (USD Million) – By End User, 2020-2030
8.1 Overview
8.2 Medical Device Companies
8.3 Pharmaceutical and Biotechnology Companies
8.4 Hospital and Clinics
8.5 Laboratories
8.6 Others
9. Sterilization Technologies Market - Revenue Analysis (USD Million), 2020-2030 – Geographical Analysis
9.1 North America
9.1.1 North America Sterilization Technologies Market Overview
9.1.2 North America Sterilization Technologies Market Revenue and Forecasts to 2030
9.1.3 North America Sterilization Technologies Market Revenue and Forecasts and Analysis - By Method
9.1.4 North America Sterilization Technologies Market Revenue and Forecasts and Analysis - By End User
9.1.5 North America Sterilization Technologies Market Revenue and Forecasts and Analysis - By Countries
9.1.5.1 United States Sterilization Technologies Market
9.1.5.1.1 United States Sterilization Technologies Market, by Method
9.1.5.1.2 United States Sterilization Technologies Market, by End User
9.1.5.2 Canada Sterilization Technologies Market
9.1.5.2.1 Canada Sterilization Technologies Market, by Method
9.1.5.2.2 Canada Sterilization Technologies Market, by End User
9.1.5.3 Mexico Sterilization Technologies Market
9.1.5.3.1 Mexico Sterilization Technologies Market, by Method
9.1.5.3.2 Mexico Sterilization Technologies Market, by End User
Note - Similar analysis would be provided for below mentioned regions/countries
9.2 Europe
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 Spain
9.2.5 United Kingdom
9.2.6 Rest of Europe
9.3 Asia-Pacific
9.3.1 Australia
9.3.2 China
9.3.3 India
9.3.4 Japan
9.3.5 South Korea
9.3.6 Rest of Asia-Pacific
9.4 Middle East and Africa
9.4.1 South Africa
9.4.2 Saudi Arabia
9.4.3 U.A.E
9.4.4 Rest of Middle East and Africa
9.5 South and Central America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Rest of South and Central America
10. Industry Landscape
10.1 Mergers and Acquisitions
10.2 Agreements, Collaborations, Joint Ventures
10.3 New Product Launches
10.4 Expansions and Other Strategic Developments
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning and Concentration
12. Sterilization Technologies Market - Key Company Profiles
12.1 Advanced Sterilization Products Services Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
Note - Similar information would be provided for below list of companies
12.2 Atec Pharmatechnik GmbH
12.3 Belimed AG
12.4 Steris plc
12.5 Andersen Sterilizers
12.6 Consolidated Machine Corp
12.7 Sterile Technologies Inc
12.8 Tuttnauer
12.9 BMT Medical Technology SRO
12.10 Steelco SpA
13. Appendix
13.1 Glossary
13.2 About The Insight Partners
13.3 Market Intelligence Cloud
The List of Companies - Sterilization Technologies Market
- Advanced Sterilization Products Services Inc
- Atec Pharmatechnik GmbH
- Belimed Inc
- Steris Plc
- Andersen Sterilizers Inc
- Consolidated Machine Corp
- Sterile Technologies Inc.
- Tuttnauer
- BMT Medical Technology SRO
- Steelco SpA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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