Meticulous Research®—a leading market research company, published a research report titled, 'Sterilization Equipment Market by Offering (Equipment [Heat {Moist (Gravity, High-speed), Dry (Static Air, Forced Air)}, Low-temperature {Gas Plasma, Ozone, Formaldehyde}, Radiation, Filtration], Services [Gamma, Steam]), End User - Global Forecast to 2031’
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The latest research from Meticulous Research® projects the global sterilization equipment market to grow to $30.71 billion by 2031, at a CAGR of 8.3% from 2024 to 2031. The primary drivers of market expansion include the rising prevalence of hospital-acquired infections, the growing volume of surgeries, and increased demand for sterilization solutions in the food industry to address food-borne diseases. The market is also seeing growing interest in e-beam sterilization and supercritical CO2 sterilization technologies for medical devices, alongside increasing adoption in emerging markets.
Key Market Challenges
While the market outlook remains positive, challenges such as inconsistencies in healthcare sterilization standards and concerns about the safety of ethylene oxide may act as obstacles to growth.
Leading Companies
The major players shaping the sterilization equipment market include STERIS plc., Getinge AB, Advanced Sterilization Products, 3M, and Sotera Health.
Market Segmentation
The report categorizes the market by sterilization equipment types (heat, low-temperature, radiation), services (e-beam, gamma, ethylene oxide), and consumables (sterilization indicators, sterilants). The hospitals and clinics segment is expected to remain the largest end user, driven by the rising number of surgical procedures and increased infection prevention efforts.
Regional Highlights
In 2024, North America is projected to lead the market, driven by the region's advanced healthcare infrastructure, government regulations for infection control, and a growing aging population.
Conclusion
The sterilization equipment market is positioned for significant growth, driven by technological advancements and expanding applications across healthcare and other sectors. Despite regulatory and safety concerns, opportunities remain abundant for industry stakeholders
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