Sterilization Equipment Market Overview (2022 to 2032)
The global sterilization equipment market was valued at around US$ 13.2 Billion at the end of 2021. The market is projected to register an 8.3% CAGR and top a valuation of US$ 29.7 Billion by 2032.
The prevalence of chronic diseases and the growing geriatric population set the tone for the sterilization equipment market.
In healthcare facilities, sterilization equipment is used to remove pathogenic microorganisms from a fluid or a tool's surface. It is frequently used in liquid chemical processes, steam, dry heat, ultraviolet (UV) chambers, clean-in-place (CIP) systems, and autoclave machines to reduce the risk of contamination and ensure the safety of both patients and staff. Manufacturers now provide ozone, hydrogen peroxide gas plasma, and ethylene oxide (EO) gas in order to sterilize these types of equipment at low temperatures.
Attributes
Details
Sterilization Equipment Market Value in 2021
US$ 13.2 Billion
Sterilization Equipment Market Value in 2032
US$ 29.7 Billion
Sterilization Equipment Market CAGR (2022 to 2032)
8.3%
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What are the Major Drivers Boosting the Demand for the Sterilization Equipment Market?
One major driver expected to drive market growth throughout the forecast period is the rising prevalence of hospital-acquired infections (HAIs) brought on by a lack of sanitation and preventive measures. Catheter use, poor cleanliness standards in healthcare facilities, and overuse of antibiotics are just a few examples of factors that can make people more susceptible to HAIs.
One of the main drivers of market expansion is an increase in the number of surgical procedures performed in clinics. To maintain a healthy environment in the clinic, proper hygiene and sanitation must be maintained as a result market for sterilization equipment will expand.
The rate of hospital admissions has significantly increased as a result of the rising prevalence of chronic diseases, infections, and accidents. Equipment, antiseptic solutions, and blankets are a few of the necessities at hospitals and clinics. As a result, sterilizing equipment effectively serves the purpose in these situations by lowering the risk of patient infection transmission and improving care. As a result, the market is anticipated to benefit from the rising prevalence of such illnesses throughout the forecast period.
Which Region Shows Strong Growth Potential in the Sterilization Equipment Market?
The sterilization equipment market is broadly divided into seven major regions, North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.
North America is the leading region in the global sterilization equipment market and this domination can be attributed to favorable reimbursement policies and the prevalence of hospital-acquired infections.
The European sterilization equipment market is also expected to display lucrative growth in the projected years the due increasing need for controlling HAIs and the presence of policies such as patient protection and care.
The East Asian region is predicted to show lucrative growth due to increasing awareness about cleanliness and hygiene in hospitals and clinics.
