Global Markets for Sterilization Technologies
Global sales of sterilization capital equipment and consumable and contract sterilization services are projected to reach $8.1 billion in 2014. The market should reach about $9.1 billion in 2015 and nearly $11.9 billion by 2020, with a compound annual growth rate (CAGR) of 5.5% between 2015 and 2020.
- An overview of the global market for sterilization technologies.
- Analyses of global market trends, with data estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2020.
- Descriptions of the trends and developments for each type of sterilization technology and how each is meant to satisfy the needs of the market.
- Projections of manufacturer sales for capital equipment and selected consumables used by the sterilization industry.
- Analysis of market and driving forces with particular attention to regulatory impacts that create certain programs for specific industries in order to suggest the market size for the technologies and pinpoint target applications.
- Comprehensive company profiles of major players in the field.
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, EMRA and Asia.
The overview examines sterilization in general, 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 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 an MS in Communication from the University of Denver. Ms. Lehr has worked within the publishing industry for both for-profit and nonprofit organizations, and she specializes in marketing reports on the medical industry.
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%.
- 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.