Sterilization Equipment Market Analysis, Growth, Share, Industry Trends and Analysis, Forecast to 20

Increasing incidence of nosocomial infections and growing need to prevent the same will drive Sterilization Equipment Market over the forecast period. Use of contaminated invasive devices and medical instruments used for surgeries, unclean environmental surface and inadequate sanitation practices of hospital staff leads to increased possibility of nosocomial infection occurrence. Its prevalence is higher in developing countries as compared to developed ones. Increasing hospital admissions and growing number of surgical procedures serves as a high impact rendering factor. High geriatric population base should augment industry revenue owing to higher susceptibility towards various disorders and higher need for medical procedures.

Improving healthcare infrastructure and growing number of hospitals, clinics and ambulatory surgical centers would boost growth soon. Growing number of pharmaceutical companies is increasing demand as more number of biological products are being manufactured by these companies which require various disinfection practices to ensure product safety. Growth of food and beverage industry will spur market expansion. Various procedures and techniques are used for disinfecting foodstuffs such as milk, meat, juices, fruits and vegetables. High cost of equipment may restrict market growth to some extent.

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Heat sterilization held significant market share due to its widespread applications. Disinfection by heat includes both dry and moist heat. Dry heat is usually used for disinfecting materials which are damaged by high pressure or moisture but can withstand high temperatures. Benefits of dry heat such as comparatively lower costs and noncorrosive nature is resulting in its increased adoption. Moist heat uses steam under pressure and is commonly used for disinfecting biohazardous trash, materials resistant to moisture and heat such as culture media, medical devices and surgical dressings. Advantages of moist heat disinfection such as higher penetrating power, greater efficiency and ability to irreversibly denature enzymes and structural proteins will escalate growth.

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Demand for low temperature sterilization should grow at profitable rate due to its ability of disinfecting temperature and moisture sensitive materials. Higher material compatibility, minimal device or design restrictions and low operational cost will boost adoption rates during forecast years. Hospitals accounted for significant revenue share owing to increasing number of nosocomial infections in these settings. Increasing patient volumes, growing number of public and private hospitals, and rising number of medical procedures would fuel segment growth.

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U.S. sterilization equipment market is slated to witness lucrative growth over the forecast period due to growing prevalence of hospital acquired infections. As per CDC statistics, about one out of every 25 individuals admitted in hospitals contracts at least one infection during the course of care. Increasing number of surgical procedures is leading to an increase in demand. Various programs are being implemented for curbing hospital acquired diseases leading to a higher demand for these products. For instance, U.S. Department of Health and Human Services has set up a national action plan to prevent healthcare associated infections.

India sterilization equipment market is poised to grow at a robust rate over the forecast timeframe owing to the presence of high burden of nosocomial infections as a result of improper sanitation practices. Presence of large population base, increasing number of surgical procedures and growing awareness pertaining to prevention of infections through proper sanitation should fuel industry growth. The country is witnessing an improvement in the healthcare infrastructure with rise in number of hospitals and increasing healthcare expenditures. Furthermore, infection control committees are being bestowed with greater power and authority. Impetus is being laid on disinfection and sanitation through various bodies such as GARP.

Prominent industry players include Steris, Getinge Group, 3M, and Cantel Medical. The industry participants resort to various strategies such as acquisition and new product development in order to increase their industry foothold. For instance, in November 2015, Steris acquired Synergy health. The move has broadened the company’s infection prevention product portfolio. In January 2017, Advanced Sterilization Products (Johnson & Johnson) launched STERRAD 100 NX low temperature sterilization system.

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