| This report contains COVID-19 specific updates.
Global Markets for Sterilization Technologies
Report Highlights
The global sterilization technologies market reached $8 billion in 2022 and should reach $12.3 billion by 2027, with a compound annual growth rate (CAGR) of 8.8% during the forecast period of 2022-2027.
Report Includes
- 56 data tables and 25 additional tables
- A detailed overview and up-to-date analysis of the global markets for sterilization technologies
- Analyses of the global market trends, with historic revenue data for 2021, estimates for 2022 and 2023, and projections of compound annual growth rates (CAGRs) through 2027
- Highlights of market opportunities for this innovation-driven sterilization technology market, and the major regions and countries involved in market developments
- Discussion of key growth driving factors and constraints that will shape the market for sterilization technologies as a basis for projecting demand over the next few years (2022-2027)
- Estimation of the actual market size and revenue forecast for global sterilization technologies and contract services market in USD million values, and corresponding market share analysis by type, end user, and region
- Coverage of the technological, economic and business considerations of the sterilization technologies industry with analyses and forecasts through 2027
- Global market outlook and projections of manufacturer’s sales for capital equipment and selected consumables used by the sterilization industry
- Insight into the recent industry structure, government regulations and policy updates, technology advancements, and the vendor landscape of the market leading participants
- Updated information on recent mergers and acquisitions, partnerships, agreements, collaborations, and other strategic alliances in the global radioactive waste management market
- Company profiles of major players within the industry, including 3M, Advanced Sterilization Products (ASP), Balchem Corp., Donaldson Company Inc., and Getinge AB
Report Scope
The sterilization technologies market is segmented into the following categories:
- By type: chemical and gas Sterilization, ionizing radiation sterilization, filtration sterilization and thermal sterilization.
- By end user: medical devices, pharmaceuticals, food and beverage, agriculture, cosmetics and others
- By region: North America, Asia-Pacific (APAC), Europe and the Rest of the World (RoW).
Frequently Asked Questions (FAQs)
The sterilization technologies market is projected to grow from $ 7.5 billion in 2021 to $12.3 billion in 2027, at a compound annual growth rate (CAGR) of 8.8% during the forecast period.
The sterilization technologies market is growing due to the increasing medical procedures around the globe. All these procedures require proper sterilization.
The sterilization technologies market is segmented on the basis of type, end-user, and region.
Chemical and gas sterilization segment will dominate the market by the end of 2027.
North America holds the highest share in the market.
Key companies in the market includes 3M, Advanced Sterilization Products (ASP), Alfa Medical, Balchem, Getinge AB, Life Science Outsourcing, Inc., etc.
Analyst Credentials
BCC Publishing Staff comprises expert analysts who are skilled in conducting primary research, secondary research and data analysis and have decades of combined experience covering a wide range of industries, including healthcare, advanced materials and emerging technologies. Collectively, the team represents a diverse set of educational achievements with individual graduate work completed in fields such as microbiology, electrical engineering, business administration and surgery, among others.
Report Synopsis
| Report Metrics | Details | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2021 | ||||||||||
| Forecast period considered | 2022-2027 | ||||||||||
| Base year market size | $7.5 billion | ||||||||||
| Market size forecast | $12.3 billion | ||||||||||
| Growth rate | CAGR of 8.8% for the forecast period of 2022-2027 | ||||||||||
| Units considered | $ Millions | ||||||||||
| Segments covered | Type, End Use, Region | ||||||||||
| Regions covered | North America, Europe, Asia-Pacific, Rest of the World (RoW) | ||||||||||
| Companies studied |
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Report Highlights
The global sterilization technologies and contract services market should reach $10.3 billion by 2021 from $8.0 billion in 2016 at a compound annual growth rate (CAGR) of 5.7%, from 2016 to 2021.
Report Includes
- An overview of the global market for sterilization technologies.
- Analyses of global market trends, with data from 2015, 2016, and projections of compound annual growth rates (CAGRs) through 2021.
- 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.
- Profiles of major players in the field.
Report Highlights
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.
Report Includes
- 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.
Report Highlights
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%.
Report Highlights
- 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%.
Report Highlights
- 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.
Report Highlights
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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.
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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.
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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.