Global Markets for Sterilization Technologies
Global sales of sterilization capital equipment and filtration consumables were $3.3 billion in 2010 and $3.8 billion in 2011. This market is expected to grow to nearly $5.3 billion by 2016, a compound annual growth rate (CAGR) of 7%.
This report organizes information from diverse sources into cohesive units that include overview, industry structure and technology sections, as well as regional sections that include the Americas (Canada, U.S., Mexico, Latin America and South America); EMRA; and Asia (Japan, China, Australia, New Zealand, India and other Asian countries).
The overview examines sterilization in general, the types of technology and regulatory influences. The industry structure section discusses the most active suppliers, with regard to relative market share, marketing strengths and forces that promote or hamper growth of technologies. The technology sections detail historical, current and projected (2011 through 2016) market values for filter, heat, chemical, radiation and emerging sterilization technologies.
Peggy S. Lehr is the BCC Research analyst of this report. Ms. Lehr holds a BS in Journalism from the University of Colorado, Boulder, and a MS in Communication from the University of Denver. Ms. Lehr has worked within the publishing industry for both for-profit and not-for-profit organizations, and she specializes in marketing reports on the medical industry.
- Overall sales in the U.S. market for sterilization equipment by type were nearly $1 billion in 2009 which is predicted to remain same in 2010. But by 2014, it is projected to increase to $1.2 billion, at 5 year compound annual growth rate (CAGR) of 3.2%.
- The largest segment filter sterilization market was nearly $572.3 million in 2009; which will remain same in 2010. This is projected to reach $652.6 million in 2014, for a 5-year CAGR of 3.3%.
- Sales in the heat sterilization market amounted to $499 million in 2009 and will remain same in 2010. This is projected to increase to $564 million in 2014, for a 5-year CAGR of 3.1%.
- U.S. sales of capital equipment to the sterilization industry should reach $905.2 million in 2005 and $1.1 billion in 2010, rising at an average annual growth rate (AAGR) of 4.2%.
- The trends of value-added manufacturing and shorter hospital stays combined are holding capital equipment costs down and are leading to the use of more disposable than reusable items.
- This trend toward disposables spells success for filtration sterilization, where sales of sterilizing filters for liquids and gases will rise at an AAGR of 5.9% to $603.5 million in 2010.
- Heat sterilization technologies are the tried-and-true methods and purchases will rise to $505.3 million in 2010.
Sterilization is an unrecognized element in a vast number of industries and manufacturing processes and there is an ongoing need for effective, safe, rapid and economic methods. Many products are regulated and monitored by the government for microbe control procedures and contamination levels and they cannot be sold unless they are sterilized. Other products benefit from sterilization, even if not mandated by law.
Sterilization methods are more than a century old. Processes for performing sterilization basically have remained unchanged, but the efficiency and performance of devices is changing and evolving, as are the materials that are being sterilized. Therefore, it is important to understand the various sterilization methods and their uses and to know the changes and directions sterilization technology is taking.
This report attempts to discuss all areas of the market and to identify significant suppliers, end market size and government and regulatory factors. Participating companies will be discussed with regard to relative market share, marketing strengths, participation in new segments and innovative marketing practices.