Global Sterilization Technology Market Projected To Grow Radiantly By 2030; Asserts MRFR Unleashing Industry Forecast

Pune, India, 2022 /MRFR Press Release/- Market Research Future published a Half-Cooked Research Report on “Global Sterilization Technology Market Research Report - Forecast to 2030” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2030.

Global Sterilization Technology Market - Overview

The Sterilization Technology Market is anticipated to reach USD 12,701.52 Million by 2030 at a 7.05 % CAGR during the forecast period 2022-2030.

The sterilization processes traditionally been used for medical products which include steam, ethylene oxide, ionizing radiation, low-temperature steam and formaldehyde, and dry heat.

Medical device material is essential for an efficient radiation sterilization process. Radiation sterilization segment is a well-established technology.  Sterilization is a special process and thus process validation is essential for its success. Unlike other methods of sterilization, this technology allows sterilization of the final packaged product. Thus, there is no need of an aseptic room for packaging sterilized products.

Chemical process segment includes sub-segments based on the chemical agent used for sterilization namely hydrogen peroxide, ozone, chlorine dioxide and others. Physiochemical process include sterilization using plasma and steam.

The demand for sterilization technology is increasing worldwide. Moreover, increasing prevalence of chronic disease will increase the demand for surgical procedures thus favouring the growth of sterilization technology market. Patient safety is a major goal to be achieved by all healthcare providers. Hence, medical devices and equipment should be rendered safe by healthcare providers to avoid hospital acquired infections due to any diagnostic, therapeutic or surgical procedures carried out in the hospital. Furthermore, increasing awareness regarding access to safe and quality healthcare drives the market for sterilization technology as they are the most utilized equipment’s in all the specialty, multi-specialty and super-specialty hospital.

On the other hand, higher cost of sterilization equipment & devices may hamper the market growth during the forecast period. Moreover maintenance cost and replacement part of sterilization equipment may restraint the market growth for instance, thermal sterilizers continuously require steam, electricity, and water for operation, which directly in increases cost. Furthermore, stringent regulations may also hinder the market growth. For instance, regulations associated with gas sterilization i.e formaldehyde is one of the active agents used in gas sterilization and they are toxic, flammable, explosive, and carcinogenic in nature, and have the potential to cause severe health and environmental problems.

Global Sterilization Technology Market - Competitive Analysis

Advanced Sterilization Products Services Inc. (U.S.), Atec Pharmatechnik GmbH (Germany), Sterile Technologies Inc. (U.S.), Steris Plc (U.S.), 3M Company (U.S.), Barry-Wehmiller Co. (U.S.), Beta Star Life Science Equipment Inc. (U.S.), Donaldson Co. Inc. (U.S.), Eaton Filtration LLC (U.S.), Fedegari Autoclavi SpA (Italy), Feldmeier Equipment Co. (U.S.) are some of the prominent players at the forefront of competition in the Global Sterilization Technology Market and are profiled in MRFR Analysis. 

Advanced Sterilization Products Services Inc. manufactures STERRAD Systems, CIDEX (Products for high-level disinfection) and EVOTECH (Endoscope Cleaner and Reprocessor (ECR)).

Atec Pharmatechnik GmbH specializes in sterile processing technologies such as stopper processors, cleanroom lifts and transfer equipment, CIP/SIP stations, process vessels, bagging machinery, and formulation systems.

Sterile Technologies Inc. manufactures Ethylene Oxide, Emission Control system, Monitoring system, Propylene Oxide Sterilization system, Dry Heat Sterilizers, Steam sterilization system and Vacuum pump system.

November, 2016- New Donaldson Technology advanced for food and beverage process filtration by its revolutionary technique i.e. Life Tec filtration line. Donaldson’s new process filters are offered in a broad range of configurations for many applications and technological trend in the food and beverage industry, including sterilization and the downsizing of installation for equivalent performance. 

Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Sterilization Technology Market Research Report

Global Sterilization Technology Market - Regional Analysis

Globally, Sterilization technology market consists of four regions North America, Europe, Asia-Pacific and Middle East and Africa. North American market consists of countries like the U.S., Canada and Mexico. There is an increasing demand for sterilization technology throughout the globe due to concerns regarding safety of patients and avoiding infection to them. Moreover growing demand for surgical procedures increase the demand of sterilization technology favouring the growth of this market. North America is expected to be the largest market for sterilization technology due to its various applications in pharmaceuticals, growing need of sterilization technology, and presence of major market players.  Europe is the second largest market for sterilization technology. Demand for technological advancement in sterilization technology is increasing which includes various sterilization systems and processes employed for sterilization. Asia-Pacific is expected to show fastest growth because of increase in prevalence of communicable disease and lifestyle changes leading to a rise in the number of surgeries. However, The Middle East and Africa has the lowest market for medical robotics because of limited development in medical field.