Sterilization Technology Market Research Report - Forecast till 2030

Sterilization Technology Market: Information by Type of Sterilization (Ethylene Oxide, Ionizing Radiation, Filtration and Thermal Sterilization), by (Chemical Process, Physicochemical, Synergetic Processes and Physical Processes), End User (Pharmaceutical Industry, Hospitals & Clinics and Medical Device Manufacturers) - Forecast till 2030

ID: MRFR/HC/0804-CR | February 2021 | Region: Global | 146 Pages         

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Sterilization Technology Market Overview


The sterilization technology market is expected to reach a CAGR of 7.05% and the market will grow up to 12,701.52 USD million. Sterilization is a process that kills pathogens and ensures that a product has no microorganisms. The process includes different methodologies and technologies which are used for sterilization of equipment at the healthcare institutes.


Sterilization can be done differently by including irradiation, high pressure, filtration, heat and chemicals. It is equivalent to pasteurization, sanitization, and disinfection. Most of the surgical and medical devices used in the pharmaceutical industry are made from materials prone to heat, which is essential for sanitization.


Various efforts are taken to improve sterilization to meet the needs caused by diverse product ranges in the different sectors. The technology used for sterilization includes electronic beam radiation, thermal sterilization, gamma radiation, etc., to kill the microorganisms.


COVID-19 Analysis


sterilization market will observe an exceptional CAGR growth during the forecast period. The COVID-19 outbreak took the sterilization technology market to a new level. There was a vast and constant demand for advanced healthcare systems, infrastructure, and, most notably, better services to treat the patients. To meet this rising demand globally, many companies have come forward to fulfil the demand and produce sustainable products to lessen the spread of COVID-19.


The number of healthcare facilities and surgical procedure are increasing every year. There are various sectors of sterilization market which is still not fulfilled, which will cause an excellent opportunity for the key sterilization market players around the world.


Market Dynamics


Market Drivers


The sterilization technology market is driven mainly by the increased rate of infections, the rapid growth of biotechnological and pharmaceutical companies, increased medical procedure and advancement of technology in the sterilization market. Infectious diseases such as AIDS and innovation of medicines and initiatives taken by the government are also considered the primary sterilization market drivers of sterilization.


According to the World Health Organisation report, millions of people across the world are affected by HAI (Healthcare-Associated Infections) every year. This factor leads to a high mortality rate and substantial financial losses for the healthcare systems.  According to WHO, healthcare infection differs by around 5.7% in low income and 19% in medium-income countries. The rise in Healthcare-Associated infections is one of the drivers of the sterilization technology market. Gradual improvements to enhance technology to produce better medical devices and investments in Research and Development activities by the leading market players will also offer an excellent opportunity for the sterilization market to rise.


Opportunities


The sterilization technology market is divided into three segments based on type- sterilization consumables and accessories, sterilization services, and sterilization instruments. The advancement in technology will open the opportunity to develop and reduce the chances of Hospital Associated Disease. Companies will focus on manufacturing advanced sterilized materials, which will help research institutions, surgical procedures and pharmaceuticals.


Restraints


The global market indeed has a promising future. Some restraints may hinder its development. High maintenance cost and replacements of sterilization equipment will be a significant problem for the sterilization market to grow. Thermal sterilizers need steam, water, and electricity to work efficiently.


Challenges


In the sterilization technology market, the traditional methods that use hot air or steam under pressure are still viewed as reliable techniques, providing better sterility. Other sterilization methods include ionizing radiation, filtration, and gases efficiently kill the microorganisms.


Stricter rules and regulations related to harmful gases are also the main factor. Active agents like formaldehyde are flammable, toxic, carcinogenic and explosive. They contain the potential to affect your health and environmental hazards. Governments in many countries have strict regulation due to the emission of greenhouse gases and safety issues.


Cumulative Growth Analysis


sterilization technology market is primarily driven by HAI (Hospital Acquired Infections). In the last few years, the number of surgical procedures has increased significantly. There is a massive demand for the development of sterilization technologies in the market.  It is expected that the sterilization market will have grown with a CAGR of 8.20%. The market price will reach United States Dollar 8,142 million by the year 2023.


Value Chain Analysis


The sterilization technology market is also associated with research institutes, pharmaceuticals and biotechnological companies, clinics, hospitals, beverage and food industry, etc. The biotech and pharmaceutical sectors accounted for around 25% of the total revenue in the year 2018. It was because of the constant demand for injections and vaccines. The development of technological cell procedures will be beneficial for sterilization industry.


Sterilization Technology Market Size, by End User, 2017 & 2023 (USD Million)  Sterilization Technology Market


Source: MRFR Analysis


Segment Overview


The sterilization technology market is divided into three segments-



  • By Process

  • By Type of Sterilization

  • By End-user


Further, the global market based on type is classified into ionizing radiation, filtration, thermal sterilization, etc.


The global market is segmented into – physiochemical, physical process, chemical process, synergetic process. Different types of compounds are used for sterilization of surfaces or articles in this process.


Segmentation based upon end-user, the market is divided into medical device manufacturers, clinics and hospitals, and the pharmaceutical industry. Primarily, the dominance of industries in the pharmaceutical sector is about 38.4%.  The estimated value of the pharmaceutical industry's contribution to the sterilization technology market is USD 194801 during 2017.


The efficient process of sterilization is very crucial in the pharmaceutical sector. Also, safety during the process and ensuring the final product largely depends on hygiene, stringent measures and regular checks.

Sterilization Technology Market, by Region, 2017 & 2023 (USD Million)  Sterilization Technology Market


Source: MRFR Analysis


Regional Analysis


sterilization technology market based upon region is divided into-



  • American Region

  • Asia Pacific

  • Europe

  • The Middle East and African region


The countries in North America and South America have comprised the largest share in the market, which is about 40.1% during 2017. Also, it is estimated that it will lead to the sterilization technology market position due to a rise in the number of patients getting affected by chronic diseases, which is ultimately increasing the surgical procedures.


Europe has acquired the second position for its most significant share in the global market.  It is expected that the Asia-Pacific region will grow at the fastest rate with a CAGR of about 8.58%. It is because of the increasing demand for technological improvement and rise in population.


The growth of market in the Middle East and African region is slow because there is a lack of basic technology and awareness for the cure, prevention and medical facilities.


Competitive Landscape           


global sterilization technology market field is very progressive, but it is fragmented into various segments. Several prominent vital players have come up with new ideas and development in this field due to high demand. Many companies are acquiring or collaborating with already established critical players in the global market of sterilization.


In the year 2019, Stryker had acquired a Canada based sterilizer manufacturing company called TSO3. This acquisition helped Stryker to expand its business and over better and advanced sterilization services to the industry.


Here is the list of few competitive companies in the sterilization technology market.



  • Getinge Group (Sweden)

  • MATACHANA Group (Spain)

  • Feldmeier Equipment, Inc. (U.S.)

  • 3M Company Group (U.S.)

  • Sartorius AG (Germany)

  • Belimed AG (Switzerland)

  • Fortive Corporation (U.S.)

  • Boekel Scientific,(U.S.)

  • STERIS Corporation (U.S.)

  • Continental Equipment Company (U.S.)

  • Cosmed Group, Inc. (U.S.)

  • Midwest Sterilization Corporation (U.S.)

  • Life Science Outsourcing, Inc. (U.S.)

  • MMM Group (Germany)

  • E-BEAM Services, Inc. (U.S.)

  • B.M. S.r.l. Medical Equipement (Italy)

  • Andersen Products, Inc. (U.S.)


Recent Developments


In June 2017, Feldmeier Equipment, Inc. opened a new factory for manufacturing o sterilization equipment in Syracuse, New York.


The year 2018 June, Fortive Corporation announced its collaboration with renowned company Johnson's and Johnson's to acquire Advanced Sterilization Products (ASP) business, a part of Ethicon, Inc.


Report Overview


Sterilization Technology Market Report provides information on these topics-



  • Market Overview

  • COVID-19 Analysis

  • Market Dynamics of

  • Value chain analysis

  • Regional analysis

  • Segmentation of Market

  • Competitive Analysis

  • Key Market Players and Recent Development


Segmentation


By Type


Ionizing Radiation Sterilization 



  • Electron Beam Radiation

  • Gamma Radiation

  • Others (X-Ray)


 Filtration Sterilization



  • Gas and Air

  • Liquid


 Thermal sterilization



  • Distillation

  • Pasteurization

  • Retorting

  • Autoclaving

  • Others


 Chemical and Gas Sterilization



  • Formaldehyde

  • Ethylene Oxide

  • Others


 By End-User



  • Food and Beverage

  • Medical Equipment

  • Agriculture

  • Pharmaceuticals

  • Manufacturing

  • Cosmetic

  • Others


 By Geographical region



  • Europe

  • North America and South America

  • Asia Pacific

  • The Middle East and Africa



Report Scope:

Report Attribute/Metric Details
  Market Size   12,701.52 USD million
  CAGR   7.05% 2030
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Process, Type of Sterilization, End-user
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Getinge Group (Sweden), MATACHANA Group (Spain), Feldmeier Equipment, Inc. (U.S.), 3M Company Group (U.S.), Sartorius AG (Germany), Belimed AG (Switzerland), Fortive Corporation (U.S.), Boekel Scientific, (U.S.), STERIS Corporation (U.S.), Continental Equipment Company (U.S.), Cosmed Group, Inc. (U.S.), Midwest Sterilization Corporation (U.S.), Life Science Outsourcing, Inc. (U.S.), MMM Group (Germany), E-BEAM Services, Inc. (U.S.), B.M. S.r.l. Medical Equipement (Italy), Andersen Products, Inc. (U.S.)
  Key Market Opportunities   Advancement in technology
  Key Market Drivers

  • Increased rate of infections
  • The rapid growth of biotechnological and pharmaceutical companies
  • Increased medical procedure


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    Frequently Asked Questions (FAQ) :

    Sterilization Technology Market is projected to grow at an 7.05% CAGR between 2020-2030.

    Sterilization Technology Market is predicted to touch USD 12,701.52 million by 2030..

    Americas are predicted to have the highest share in the sterilization technology market.

    Technological advances in sterilization equipment, rising number of surgical procedures, growing biotechnology and pharmaceutical industries, and rising prevalence of hospital-acquired infections are driving market growth.

    Strict regulatory framework may act as a market restraint.

    Global Sterilization Technology Market: Competitive Landscape


    Globally, there are various players operating in the sterilization technology market. The American and European regions are a hub for major companies, generating maximum market share which has turned these regions into a well-established market. These companies have expanded their operating units in various other regions as well. Moreover, there are various other small and medium scale players that generate revenue from the local market.


    There are many companies operating in the global sterilization technology market. Major companies such as Advanced Sterilization Products Services Inc, Donaldson Company, Inc., Steris Plc, and 3M together accounted for about 45.4% of the total sterilization technology market, in 2017. The global sterilization technology market is led by Advanced Sterilization Products Services Inc with 15.3% of the global market share followed by Donaldson Company, Inc. with 10.5%, and Steris Plc., the 3rd sport with 10.1% of the market share. Further 3M accounted for 9.5% of the global market share.


    Advanced Sterilization Products Services Inc, a leading producer of sterilization technology, serves various healthcare facilities to protect patients against hospital-acquired infections. It has been providing effective integrated sterilization solutions to medical device manufacturers, healthcare facilities, and research hubs for over 25 years. Advanced Sterilization Products Services Inc with the footprint of its parent company (J&J) is expected to expand its hold in the healthcare field. Advanced Sterilization Products Services Inc has a wide presence in regions such as North America, South America, Europe, Asia Pacific, and the Middle East and Africa through which the company is gaining huge revenue and accounted for the major share.


    Donaldson Company, Inc, accounted for the second major share with 10.5%, share of the global market. The company is a global leader in the filtration industry with sales, manufacturing, and distribution locations spanned around the world. The company increased its sales of industrial filtration solutions by 3.0% from fiscal 2016. The company is also involved in R&D funding and invested USD 60.2 million in the year 2017, to enhance the development of new and improved products and their uses.


    Steris Plc holds the third position with a global market share of 10.1%. The company caters to the needs of healthcare, pharmaceutical, research, and medical device industry. It has a customer base in more than 60 countries. The company with its Applied Sterilization Technologies (AST) business segment is delivered strong revenue growth with 7% constant organic revenue growth for the year 2017. The company with its AST business segment provides contract sterilization services to 16 countries through a network of over 50 facilities. Furthermore, 3M accounted for about 9.5% of the total sterilization technology market.


     3M is a global leader in technology offering several ranges of diversified products ranging from electronics, automotive, constructions, and healthcare. 3M revenue is majorly derived through its well-known brand and a wide presence across the globe.


    Moreover, 54.6% of the market share is accounted by various small and medium companies generating their revenue from the local market as well as there are few other companies expanding their business and enhancing the global sterilization technology market.