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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Meticulous Research® forecasts the global sterilization equipment market to reach $30.71 billion by 2031, with an impressive CAGR of 8.3% from 2024 to 2031. This growth is fueled by rising hospital-acquired infections, an increasing number of surgeries, and the growing demand for sterilization in the food sector to prevent contamination. Emerging trends include the expanding use of e-beam sterilization and supercritical CO2 technologies in medical device sterilization, along with increasing product demand in emerging markets.
Market Challenges
Although the market outlook is strong, there are challenges such as compliance issues with sterilization standards in healthcare, and concerns over the safety of ethylene oxide sterilization and the reuse of medical devices.
Key Players
Key market players include STERIS plc., Getinge AB, 3M Company, Cardinal Health, and Sotera Health.
Segmentation Overview
The market is segmented into equipment (steam, low-temperature, radiation), services (gamma, e-beam, steam), and consumables (sterilants, sterilization indicators). Hospitals and clinics are expected to dominate as the leading end-user group due to high patient admissions and the need for sterilized environments.
Geographical Insights
North America is predicted to hold the largest share in 2024, driven by advancements in healthcare, biotech, and pharmaceutical sectors, alongside government initiatives to improve sterilization protocols.
Conclusion
Despite challenges, the sterilization equipment market is set for substantial growth. Continuous innovation and expanding industry applications will help address the demand for safe, sterile environments across multiple sectors.
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