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

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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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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The global sterilization equipment and disinfectant market report comprises an elaborate executive summary, which includes a snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to the segments based on method, disinfectant type, end-user and region. A detailed qualitative analysis of drivers, restraints, and opportunities has been provided in the market overview section. Additionally, the section comprises a competitive matrix and company profiles to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis by geography and market share analysis by key players, thereby presenting a thorough analysis of the overall competitive scenario in the global sterilization equipment and disinfectant market.

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