Sterilization Equipment and Disinfectant Market is Projected to Surpass US$ 6,500 Mn by 2026

Globalization leads to the outbreak of several diseases, and some of them are lead to surgery. According to the annual plastic surgery procedural statistics, there were almost 15.9 million surgical and minimally-invasive cosmetic procedures performed in the U.S, in 2015, a 2% increase over 2014. This increasing number of surgeries is creating a demand for more sterilization of equipment in order to prevent any microbial infection. A large number of global manufacturers are putting constant efforts to develop and manufacture novel equipment so that the customer can carry out the sterilization process more effectively and smoothly. Demand for low temperature sterilization for moist and heat-sensitive equipment is rising. Key players are focusing on the development of new sterilization equipment and disinfectants with better efficacy. For instance, Becton, Dickinson and Company launched the Genesis, a low temperature rigid sterilization container system, which provides long-lasting protection and sterility maintenance for surgical instrumentation. These key developments are likely to augment the global sterilization equipment and disinfectant market in the near future. However, high price of sterilization equipment and increasing demand for disposable devices are likely to restrain the global sterilization equipment and disinfectant market during the forecast period.

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The global sterilization equipment and disinfectant market has been segmented based on method, disinfectant type, end-user and region. In terms of method, the heat sterilization segment is projected to dominate the market. However, the segment is expected to lose market share during the forecast period, due to fewer opportunities for new entrants in the segment. Moreover, the heat sterilization method is not suitable for heat and moist sensitive equipment, the sterilization process damages the equipment.

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Transparency Market Research (TMR) has published a new report titled ‘Sterilization Equipment and Disinfectant Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ According to the new report, the global sterilization equipment and disinfectant market was valued above US$ 4,400 Mn in 2017. It is projected to expand at a CAGR of 4.5% from 2018 to 2026.

Rise in geriatric population leads to increase in the number of surgeries that are caused due to severe diseases and performed at hospitals and clinics and increase in number of hospital acquired infection are likely to boost the sterilization equipment and disinfectant market during the forecast period.

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