Sterilization Global Market

–Forecast to 2028

Sterilization Global Market estimated to be worth of $9.3 billion by 2028

IQ4I Research & Consultancy published a new report on “Sterilization Global Market –
Forecast To 2028” This report analyzes and studies the overall market, major Drivers &
Opportunities, Restraints & Threats in North America, Europe, Asia-Pacific and Rest of the
World.

IQ4I’s Report Contains 136 market data tables and 172 figures spread through 712
pages and an exhaustive TOC on “Sterilization Global Market”, [Product and Services
{Equipment (Heat Sterilizers, {Wet/Moist (Vertical, Horizontal, Portable), Dry Heat
Sterilizers} Chemical Sterilizers {EO, Plasma H2O2, VHP, Formaldehyde, Peracetic
acid & Others}, Radiation Sterilizers {Ionizing (Gamma, Electron-beam, X-Ray), Non-
Ionizing}, Consumables (Sterility Monitoring {Biological Indicators & Chemical
Indicators}, Sterile Pouches & Rolls, Sterilization Wraps & Others), Contract
Sterilization {EO, Gamma, E-beam & Others}]; End-Users (Pharma & Biotech industry,
Medical Device Industry, Healthcare facilities & Other End-Users); (Regional (North
America, Europe, Asia Pacific and Rest of the World)]

Sterilization is an inevitable process in the medical field that uses various physical or
chemical sterilizing agents or sterilants to completely destroy, deactivate or eradicate
pathogenic microbes, both in their vegetative or sporing state, from various healthcare
products to prevent the transmission of germs and diseases to patients and healthcare
professionals using them. Various kinds of heat sterilizers utilizing either the moist heat or
dry heat sterilant, chemical sterilizers utilizing the microbicidal chemicals like ethylene oxide
sterilizers, vaporized or gas plasma hydrogen peroxide, nitrogen dioxide, ozone and others,
radiation sterilizers using the gamma radiation, Ultra violet light radiation, electron beam
radiation or X-ray radiation are used to sterilize broad array of healthcare products and to
maintain aseptic working conditions throughout the healthcare industry.

According to IQ4I estimations, the sterilization global market is expected to reach $9,398.9
million by 2028 growing at a high single digit CAGR from 2021 to 2028. Factors like
necessity to curb patient safety threatening and economically straining Healthcare
Associated Infections (HAIs), the requisite to sterilize the reusable high risk or critical
surgical instruments used in the persistently escalating surgical procedures across the
globe, the regulatory mandate of terminal sterilization or aseptic processing of healthcare
products before commercialization, increasing trend of outsourcing of sterilization services
by the healthcare industry, constant progressive refinements of various sterilization
technologies, the gradual transition of medical devices market from reprocessed to the value
enhanced single use devices and the necessity to terminally sterilize the huge volume of
disposable devices, steadily increasing and advancing healthcare facilities, healthcare

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Sterilization Global Market

–Forecast to 2028

industry and research settings across the globe with increased utilization of various
sterilization products and the persistently elevating fragile geriatric population burdened with
several co-morbidities with increased medical needs and increased vulnerability to HAIs are
propelling the sterilization market growth. Factors like high cost for sterilization product and
facility installation and upkeep, increasing concerns about the various adverse effects
associated with sterilization technologies, necessity of sterilizer, sterilization method
developers, manufacturers and contract sterilization service providers to be compliant with
stringent regulatory guidelines, paucity of skilled personnel for performing sterilization
processes and the various sterilization compatibility challenges associated with the
advanced healthcare products are dampening the market growth.

The report covers business intelligence information and analysis of various Sterilization
market segments based on the product and services, end-user and geography. Sterilization
equipment segment held the largest share or revenue in 2021 and is expected to grow at a
mid single digit CAGR from 2021 to 2028 while Contract Sterilization services segment is the
fastest emerging segment that is expected of growing at a double digit CAGR during the
forecasted period. Heat sterilization equipment segment fetched the largest revenue in 2021
and is expected to grow at a mid single digit during the forecasted period while Chemical
Sterilization equipment segment is the fastest emerging segment that is expected of growing
at a high single digit CAGR from 2021 to 2028. Sterility Monitoring products segment is the
largest and fastest emerging segment that is expected of growing at a high single digit
CAGR from 2021 to 2028. Ethylene oxide contract sterilization services segment occupied
the largest share in 2021 and is expected to grow at a high single digit CAGR from 2021 to
2028 while Gamma radiation sterilization services market is the fastest emerging service
segment and is expected of growing at a double digit CAGR during the forecast period. The
medical device industry segment is the largest and fastest emerging segment and is
expected of growing at a high single digit CAGR from 2021 to 2028. Even though North
America dominates 2021 sterilization global market and is expected of growing at a mid
single digit CAGR from 2021 to 2028, Asia-Pacific region is the fastest emerging region that
is expected of growing at a double digit CAGR during the forecasted period.

The sterilization market is characterized by progressive refinements of existing technologies

or equipments and a constant pursuit for an ideal sterilizing agent. Several promising eco-
friendly osmosis based sterilization technology and the Triple buster activated gas
sterilization technology are emerging. The steadily growing space of sterilization market is
substantiated by the ever expanding patent portfolio of sterilization product companies and

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Sterilization Global Market

–Forecast to 2028

the constantly increasing number of most promising industrial gamma and electron beam
sterilization technology facilities (not exclusive to healthcare product sterilization) across the
globe. U.S. and Russia are spearheading the adoption of industrial gamma and electron
beam sterilization technology respectively.

Heat Sterilizers, Asia-Pacific region, China and Shinva Medical Instrument Co Ltd. (China)
respectively dominated the sterilizers global install base based on product type, region,
country and company in 2021.

The global COVID-19 pandemic which has been a blessing in disguise for the sterilization
industry has led to significant increase in revenue of most of the players in the market, HAS
triggered several research studies evaluating the feasibility of various sterilization modalities
in effectively sterilizing disposable N95 respirators, led to issue of EUA for numerous
Hydrogen peroxide sterilizers so as to alleviate the shortage of PPE and respirator masks by
FDA, has increased utilization of reusable rigid sterilization containers in SPDs and
Microwave-assisted sterilization for sterilization of the biomedical waste, especially that
contaminated with Corona virus and overshadowing of the Ethylene oxide associated
sterilization controversy.

The report while exemplifying the leveraging of the advanced sterilization products or
competencies of sterilization product or service firms by many eminent end-users also
highlights the various organic and inorganic market perpetuation strategies of leading
players in the market.

The sterilization global market is consolidated with the top six players occupying major share of
the market and other companies occupying only minor share of the market. Some of the
prominent players in the sterilization global market are 3M Company (U.S.), Fortive
Corporation (ASP) (U.S.), Getinge AB (Sweden), MMM Group (Germany), Metall Zug
(Belimed) (Switzerland), Matachana Group (Spain), Owens & Minor Inc. (U.S.), Sotera
Health Company (U.S.), Shinva Medical Instrument Co.Ltd (China), Steris PLC (Ireland),
TUTTNAUER Co Ltd. (Israel) and others.

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Sterilization Global Market

–Forecast to 2028

Reasons for buying this report:

 Sterilization global market is projected to reach $9,398.9 million by 2028.
 Identification and analysis of sterilization market segments based on product and
service, end-user and geography.
 Revenue forecast of sterilization market and strategic analysis of each sub-segment
with respect to segmental growth trends.
 Identification of major market trends, Porter's analysis, factors driving and restraining
sterilization market.
 Region and Country specific analysis of Heat, Ethylene oxide and Hydrogen peroxide
Sterilizer Installed base and based on major players in Top 15 countries, Country-
wise industrial Gamma and E-beam irradiators, Sterilization Product launch, Patent
Trends of Major players, Market share analysis of sterilization global market, Market
share analysis of heat sterilizers devices global market, Market share analysis of
ethylene oxide sterilizers global market, Market share analysis of hydrogen peroxide
sterilizers global market, Supply chain analysis of sterilization industry, Impact of
COVID-19 on the industry and Sterilization company - product or service comparison
table based on product type.
 Identification of key technological advancements in the sterilization industry.
 Analysis of the opportunities for stakeholders by identifying the high-growth
segments of the market.
 Revenue forecast of sterilization market with respect to North America (U.S., Rest of
North America), Europe (Germany, U.K., France and Rest of Europe), Asia-pacific
(Japan, China, South Korea and Rest of Asia-Pacific) and Rest of the World (Brazil,
Rest of Latin America and Middle East and Others).
 Profiles of major players in sterilization market and analysis of their product or
service offerings, financial revenue, business strategies, SWOTs and market shares.

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Sterilization Global Market

–Forecast to 2028

FIGURE 1

STERILIZATION GLOBAL MARKET SEGMENTATION

Sterilization Global Market

Sterilization
Products/ End-User Region
Services
Medical
North
Device
America
Industry
Sterilization Sterilization Contract Pharma &
Equipment Consumables Sterilization Biotech Europe
Service Industry
Heat Sterility Healthcare
Ethylene oxide APAC
Sterilizers monitoring facilities
Services
Products
Chemical Chemical Gamma Other End-
Sterilizers ROW
Indicator Services Users

Radiation Biological E-beam

Sterilizers Indicator Services
Sterile Other
Pouches and Sterilization
Rolls Consumables
Sterilization
Wraps

Other
Consumables

Source: Centres for Disease Control and Prevention (CDC), Associations for Advancement of Medical
instrumentation (AAMI), World Federation for Hospital Sterilization Sciences (WFHSS), International Irradiation
Association (IIA), WHO, Association of Medical Device Reprocessors (AMDR), International Association of
Healthcare Central Service Material Management (IAHCSMM), Industry Expert Interviews and IQ4I analysis.

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