Sterilization Equipment and Disinfectant Market to Report a CAGR of 4.5%Between 2018 and 2026
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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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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In terms of method, the global sterilization equipment and disinfectant market has been segmented into heat sterilization, filtration sterilization, low temperature sterilization, radiation sterilization. The heat sterilization segment can be further segmented into dry heat sterilization and moist heat sterilization. In terms of disinfectant, the global sterilization equipment and disinfectant market has been classified into oxidizing and non-oxidizing agents. The oxidizing agents segment has been further sub-segmented into ethylene oxide, formaldehyde vapor, and others. The non-oxidizing agents segment has been further split into quaternary ammonium compound, phenols, and others. The method type segments have been analyzed based on different type of sterilization process carry out to kill microorganism and sterilize the equipment. The market size and forecast for each of these segments have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year.
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Sterilization is a vital component for infection-control. Medical devices require sterilization and disinfection after their usage, since they get contaminated. The global sterilization equipment and disinfectant market is expanding at a significant pace due to factors such as rise in number of surgeries and increase in number of hospital acquired associated infection.
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