Sterilization Equipment and Disinfectant Market Size, Share, Growth, Trends, Scope, Regional Insights and Forecast 2022 - 2030

The global sterilization equipment and disinfectant market size is expanding over US$ 12.03 bn by 2030.

According to the report, the global sterilization equipment and disinfectant market was valued at US$ 6.33 Bn in 2021 and is anticipated to expand at a CAGR of 7.4% from 2022 to 2030.

The study has considered the base year as 220, which estimates the market size of market and the forecast period is 2022 to 2030. The report analyzes and forecasts the market size, in terms of volume (thousand units) and value (USD million), for the market. The report provides a detailed analysis of various forces acting in the market (drivers, restraints, opportunities, and challenges). The report covers key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.

Overview

  • Sterilization and disinfectants are a vital component for infection-control as medical devices require sterilization and disinfection after usage, since they get contaminated. The world is currently experiencing the pandemic of an infectious disease called COVID-19. Government is taking initiatives to address this urgent public health concerns by helping to increase the availability of sterilizers, disinfectants, and air purifiers during this public health emergency. Increased access to these products and devices may facilitate rapid turnaround of sterilized or disinfected medical equipment and reduce the risk of viral exposure for patients and health care providers to SARS-CoV-2. This in turn to creates significant opportunity in the sterilization equipment and disinfectant market
  • The sterilization equipment and disinfectant market is currently a booming one, owing to current exceptional crisis scenario of the COVID-19 pandemic. Focused on research and development to reprocessing of disposable personal protective equipment and ongoing promising approaches i.e. steam or heat sterilization of medical masks is augmenting the demand for sterilization equipment and disinfectant. This in turn to driving the growth of market.
  • North America dominate the global sterilization equipment and disinfectant market in 2019 and the trend is anticipated to continue during the forecast period. Well established healthcare infrastructure and rising demand for non-disposable surgical instruments are the factors anticipated to drive the growth of sterilization equipment and disinfectant market in the region.
  • Asia Pacific is likely to be a highly lucrative market for the sterilization equipment and disinfectant market and it is expected to expand at a high CAGR during the forecast period. Vast patient pool, increasing healthcare expenditure and demand for newer advanced therapies are key factors likely to boost sterilization equipment and disinfectant market in Asia Pacific.

Surge in Number of Patient with Various Chronic Diseases to Drive Global Sterilization Equipment and Disinfectant Market

  • Change in lifestyle and unhealthy diet leading to cause various chronic diseases among population. Cancer is the leading cause of death globally. For instance, according to GLOBOCAN 2018, in 20183,792,000 number of cancer cases in the Americas, 4,230,000 number of cases in Europe and 8,751,000 cases in Asia were reported
  • Besides, surge in prevalence and incidence rate of other chronic conditions such as, cardiac diseases, chronic respiratory diseases, diabetes and chronic kidney disease, owing to increasing geriatric population is projected to propel the global sterilization equipment and disinfectant market.

Heat Sterilization Segment to Dominate Sterilization Equipment and Disinfectant Market

  • In terms of method, the global sterilization equipment and disinfectant market has been segmented into heat sterilization, radiation sterilization, filtration sterilization and low temperature sterilization. Heat sterilization segment accounted for major share of the market in 2018 and the trend is projected to continue during the forecast period. Inexpensive nature and easy of handling are the factors anticipated to drive the growth of segment. Autoclaves and hot air ovens are two most commonly utilized heat sterilization equipment available in the market. Heat sterilization segment further divided into dry heat sterilization and moist heat sterilization segment.

Oxidising Agents Segment Hold a Major Share of Global Sterilization Equipment and Disinfectant Market

  • In terms of disinfectant type, the global sterilization equipment and disinfectant market has been classified into oxidizing agents and non-oxidising agents. Oxidizing agents further bifurcated into ethylene oxide, formaldehyde vapour and others. Oxidizing agents have strong penetrating power in all microorganism due its light molecular weight. Hence it has proven efficacy of effective sterilization. This strong feature drives the growth of the segment. Non-oxidising agents are further classify into quaternary ammonium compounds, phenols and others

Hospitals and Diagnostics Centers to Dominate Global Sterilization Equipment and Disinfectant Market

  • Based on end-user, the global sterilization equipment and disinfectant market has been segmented into hospitals and diagnostic centers, medical devices companies, pharmaceutical companies and research & educational institutes
  • Hospitals and diagnostic canters accounted for major share of the market owing high number patient diagnosis, treatment rate and availability of technological advanced products at hospitals. Research and educational institutes is accounted for significant share of the market. Rise in focus in research and development is a factor augmenting the growth of segment 

North America to Dominate Global Sterilization Equipment and Disinfectant Market

  • In terms of region, the global sterilization equipment and disinfectant market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global sterilization equipment and disinfectant market in 2019, followed by Europe.
  • North America accounted for major share of the global sterilization equipment and disinfectant market in 2019High disease prevalence, supportive healthcare and payer infrastructure, and hub for key industry players are the major drivers of the sterilization equipment and disinfectant market in the region.
  • The sterilization equipment and disinfectant market in Asia Pacific is anticipated to expand at a high CAGR from 2020 to 2027. Unmet medical needs, untapped nature of the market, rise in health care infrastructure, high prevalence and incidence of chronic diseases, surge in number of geriatric population and rise in awareness are the key factors for sterilization equipment and disinfectant market growth in the region

Competitive Landscape

  • The global sterilization equipment and disinfectant market is fragmented in terms of number of players. Key players in the global sterilization equipment and disinfectant market include Advanced Sterilization Products Services, Inc. (A Johnson & Johnson Company), Getinge AB, STERIS plc., Belimed, 3M Company, Cantel Medical Corp., TSO3 Inc., SAKURA SI Co., Ltd., Matachana Group and CISA production srl

The global sterilization equipment and disinfectant market has been segmented as follows:

  • Market, by Method
    • Heat Sterilization
      • Dry Heat Sterilization
      •  Moist Heat Sterilization
    • Radiation Sterilization
    • Filtration Sterilization
    • Low Temperature Sterilization
  • Market, by Disinfectant Type
    • Oxidizing Agents
      •  Ethylene Oxide
      •  Formaldehyde Vapour
      •  Others
    • Non-oxidizing Agents
      •  Quaternary Ammonium Compounds
      •  Phenols
      •  Others
  • Market, by End-user
    • Hospitals and Diagnostic Centers
    • Medical Devices Companies
    • Pharmaceutical Companies
    • Research & Educational Institutes
  • Market, by Region
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific          
      • China
      • India
      • Japan
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC Countries
      • South Africa
      • Rest of Middle East & Africa

The Sterilization Equipment and Disinfectant market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Sterilization Equipment and Disinfectant market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Sterilization Equipment and Disinfectant market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Sterilization Equipment and Disinfectant market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Sterilization Equipment and Disinfectant market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Sterilization Equipment and Disinfectant capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Sterilization Equipment and Disinfectant by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Sterilization Equipment and Disinfectant market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Sterilization Equipment and Disinfectant market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Sterilization Equipment and Disinfectant market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Sterilization Equipment and Disinfectant industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Sterilization Equipment and Disinfectant market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Sterilization Equipment and Disinfectant market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Sterilization Equipment and Disinfectant market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Sterilization Equipment and Disinfectant market. These factors have benefited the growth of the global market for Sterilization Equipment and Disinfectant. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Sterilization Equipment and Disinfectant. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Sterilization Equipment and Disinfectant are as follows:

  • History Year: 2016-2019
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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