Sterilization Equipment and Disinfectant Market to Surge at a CAGR of 4.5% by 2026

Sterilization equipment and disinfectants are essential procedures for infection control in healthcare facilities such as hospitals, clinics, and laboratories. In terms of revenue, the global sterilization equipment and disinfectant market was valued at above US$ 4,400 Mn in 2017 and is anticipated to reach US$ 6,500 Mn in 2026, expanding at a CAGR of 4.5% from 2018 to 2026. Increase in hospital-acquired infections has compelled medical professionals to take stringent regulatory actions in order to cure these infections with the usage of various sterilization equipment and disinfectants. This factor is anticipated to propel the sterilization equipment and disinfectants market during the forecast period.

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Increasing preference for usage of disposable medical devices, such as prefilled syringes, gloves, face masks, needles, and catheters, hinders the global sterilization equipment market. Usage of disposable devices reduces the probability of acquiring HAIs. The global market for sterilization equipment is expected to contract during the forecast period, as disposable medical devices do not require sterilization.

The low temperature sterilization segment is projected to expand rapidly at a notable CAGR during the forecast period. Demand for low temperature sterilization is increasing due to its advantages over the other sterilization method. The advantages include no corrosion in equipment for a long time, low temperature required, and easy to handle. These factors are fueling the segment. Based on disinfectant type, the oxidizing disinfectant agents segment led the market, in terms of revenue, in 2017. It is anticipated to maintain its dominance of the market during the forecast period.

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North America and Europe are likely to dominate the global sterilization equipment and disinfectant market due to rise in awareness about prevention of healthcare associated infection (HAI) and rise in focus of key players on the development of new sterilization devices in the market in these regions. Increase in number of surgeries and number of hospitals in countries such as Japan, India and China is likely to boost the sterilization equipment and disinfectant market in Asia Pacific in the near future.

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Key companies operating in the global healthcare associated infection market that are profiled in the report include Advanced Sterilization Products Services, Inc., Getinge AB, STERIS Corporation, Belimed, 3M Company, Cantel Medical Corp., TSO3 Inc., SAKURA SI Co., Ltd., Matachana Group, and CISA production srl. These players are adopting organic and inorganic growth strategies to expand their product offerings, strengthen their geographical reach, increase customer base, and gain market share. For instance, in May 2017, Matachana Group acquired an Italy-based company, METALARREDINOX, S.p.A., to expand its sterilization and disinfectant product portfolio and geographic presence.

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