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Redding, California - October 11, 2024

Sterilization Equipment Market to be Worth $26.77 Billion by 2031

Sterilization Equipment Market Size, Share, Forecast, & Trends Analysis by Offering (Equipment [Heat {Moist (Gravity, High-speed), Dry (Static Air, Forced Air)}, Low-temperature {ETO, Formaldehyde}, Radiation, Filtration] Services - Global Forecast to 2031

Meticulous Research®—a leading market research company, published a research report titled, ‘Sterilization Equipment Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication from Meticulous Research®, the sterilization equipment market is projected to reach $26.77 billion by 2031, at a CAGR of 8% from 2024 to 2031.

The sterilization equipment market is witnessing growth fueled by the increasing incidence of hospital-acquired infections, a higher volume of surgical procedures, and a surge in demand for sterilization in the food industry to mitigate food-borne illnesses. Additionally, the pharmaceutical and biotechnology sectors are driving demand for sterilization solutions, while there is a trend toward outsourcing sterilization processes to specialized service providers in non-healthcare industries. However, market growth is being constrained by concerns over the adverse effects of ethylene oxide and safety issues related to the reprocessing of instruments.

In addition, the increasing adoption of e-beam sterilization has increased the demand for sterilization products in emerging markets. The growing use of CO2 sterilization technology in the medical device sector, along with an emphasis on infection control across both healthcare and non-healthcare industries, is anticipated to create growth opportunities for market stakeholders. However, challenges to market growth include non-compliance with sterilization standards within the healthcare sector and the transition from reusable to disposable medical devices.

Key Players:

The key players profiled in the sterilization equipment market report are STERIS plc (U.S.), 3M Company (U.S.), Getinge AB (Sweden), Cardinal Health, Inc. (U.S.), Advanced Sterilization Products, Inc. (U.S.) (A subsidiary of Fortive Corporation), Fedegari Autoclavi SpA (Italy), Stryker Corporation (U.S.), ANTONIO MATACHANA, S. A. (Spain), SteelcoBelimed AG (Switzerland), Sotera Health Company (U.S.), Benchmark Scientific Inc (U.S.), MMM Münchener Medizin Mechanik GmbH (Germany), Tuttnauer (Netherlands), and Consolidated Sterilizer Systems (U.S.), and Andersen Sterilizers, Inc. (U.S.).

The sterilization equipment market is segmented by Offering and End User. The report also evaluates industry competitors and analyzes the sterilization equipment market at the regional and country levels.

Among the offerings studied in this report, the equipment segment is anticipated to hold the dominant position, with a share of 55.3% of the market in 2024. The effectiveness of sterilization products for reusable medical instruments, surgical tools, and materials essential for maintaining microbial-safe environments is a key factor contributing to the segment's dominance in the sterilization equipment market. This growth is further supported by the rising incidence of hospital-acquired infections, an increase in surgical procedures, a growing prevalence of chronic diseases among the aging population, and expansion in the life sciences industry related to bioproduction, drug discovery, and research.

Among the end users studied in this report, the hospitals & clinics segment is anticipated to hold the dominant position, with a share of 35.9% of the market in 2024. The growing number of hospital admissions, increasing prevalence of hospital-acquired infections, efforts towards reducing the healthcare burden caused due to HAIs, and the growing demand for clean and quality healthcare facilities among people are factors contributing to the segment’s dominant position in the sterilization equipment market.

Among the geographies studied in this report, North America is anticipated to hold the dominant position, with a share of 46.6% of the market in 2024. This segment's significant market share is driven by several factors, including rising healthcare expenditures, expansion in the pharmaceutical and biotechnology sectors, an aging population with chronic diseases, and government initiatives aimed at reducing hospital-acquired infections and promoting the implementation of effective sterilization practices.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5141

Key questions answered in the report-

Which are the high-growth market segments in terms of sterilization equipment by offering, end user, and geography?
What was the historical market for sterilization equipment across the globe?
What are the market forecasts and estimates for the period 2024–2031?
What are the major drivers, restraints, opportunities, and challenges in the sterilization equipment market?
Who are the major players operating in the sterilization equipment market?
What is the competitive landscape like, and who are the leaders in the sterilization equipment market?
What are the recent developments in the sterilization equipment market?
What do the major players adopt the different strategies in the sterilization equipment market?
What are the geographical trends and high-growth regions/countries?

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Redding, California - October 11, 2024

Sterilization Equipment Market to be Worth $26.77 Billion by 2031

Sterilization Equipment Market Size, Share, Forecast, & Trends Analysis by Offering (Equipment [Heat {Moist (Gravity, High-speed), Dry (Static Air, Forced Air)}, Low-temperature {ETO, Formaldehyde}, Radiation, Filtration] Services - Global Forecast to 2031

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