About Hospital Sterilization Equipment
Sterilization is necessary for the complete destruction or removal of all microorganisms (including spore-forming and non-sporeforming bacteria, viruses, fungi, and protozoa) that could contaminate hospitals causing various health hazards. Hospital Sterilization Equipment is used to sterilize the hospital at some period of time. The current outbreak of coronavirus has increased the prevalence of chances of spreading this infectious diseases while treating such patients in hospitals. The concern for the disease spread has increased the demand for hospital sterilization on a daily basis and this has increased the consumption of hospital sterilization equipment.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.26% |
Despite the presence of competition and brand effect problems, due to the awareness of hospital and their demand for high-end product has driven hospital sterilization equipment market growth. There will be more new investors entering into this industry in the future. Analyst at AMA Research estimates that United States, Germany, China Players will contribute the maximum growth to Global Hospital Sterilization Equipment market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
STERIS Corporation (United States), Getinge Group (Sweden), 3M Company Group (United States), Belimed AG (Switzerland), MMM Group (Germany), MATACHANA Group (Spain), Sotera Health (United States), Cantel Medical (United States), Advanced Sterilization Products (United States), Cardinal Health (United States), Tuttnauer (Netherlands), De Lama S.p.A. (Italy), SysTec GmbH (Germany), Steelco S.p.A. (Italy), Noxilizer, Inc. (United States), Merck KGaA (Germany) and Sartorius AG (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are E-BEAM Services, Inc. (United States), Life Science Outsourcing, Inc. (United States), Cosmed Group, Inc. (United States) and Andersen Products, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Hospital Sterilization Equipment market by Type (Heat/High-Temperature Sterilization Equipment {Moist Heat/Steam Sterilization, Dry Heat Sterilization}, Low -temperature Sterilization Equipment {Ethylene Oxide Sterilization, Hydrogen Peroxide Sterilization, Ozone-based Medical Sterilization, Formaldehyde Sterilization, Other}, Filtration Sterilization Equipment, Ionizing Radiation Equipment {E-beam Radiation, Gamma Radiation}, Sterilization Consumables {Sterilization Indicators, Pouches, Lubricants} and Sterilization Accessories) and Region.
On the basis of geography, the market of Hospital Sterilization Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Hospital Sterilization Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sterilization Service, the sub-segment i.e. High-Temperature Sterilization Service will boost the Hospital Sterilization Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sterilization Time, the sub-segment i.e. 5 minutes will boost the Hospital Sterilization Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Covid-19 Outbreak has Increased Demand for Hospital Sterilization Equipment
Market Growth Drivers:
Increasing Number of Surgical Procedures in Hospitals and Growth in the Pharmaceutical and Biotechnology Industries
Challenges:
Harmful Effects of Ethylene Oxide
Restraints:
High Cost of Sterilization Equipment
Opportunities:
Increasing Outsourcing of Sterilization Services and Rising Incidence of Hospital-Acquired Infections
Market Leaders and their expansionary development strategies
In May 2023, Ahlstrom expands its offering for the medical industry by introducing Reliance Fusion, a next-generation simultaneous sterilization wrap that helps increase efficiency in the sterilization of surgical equipment trays at hospitals.
In 2019, Getinge introduced GSS610H, a steam sterilizer product. This is easy to use product with an user interface that can be e easily operated by staff at all experience levels. This product development has enhanced Getinge product portfolio.
Analyst View
The ongoing coronavirus outbreak has increased the use of hospital sterilization equipment. The United States and Germany manufacturers will contribute to the maximum growth of global hospital sterilization equipment market throughout the predicted period.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Hospital Sterilization Equipment Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms and Government Regulatory and Research Organizations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.