DUBLIN–(BUSINESS WIRE)–The “Sterilization Equipment Market, By Product, By Services, By End User, and by Region – Global Forecast to 2023-2033” report has been added to ResearchAndMarkets.com’s offering.
The global sterilization equipment market size was USD 7,547.8 million in 2022 and is expected to reach at USD 22,434.3 million by 2033 with a CAGR of 10.41% during the forecast period 2023-2033.
Growing incidences of Healthcare-Acquired Infections (HAIs), increase in the number of surgical procedures in clinics, expanding healthcare sector, and growing prevalence of numerous infectious diseases are some of the factors contributing to the market growth.
Furthermore, increase in the incidence of chronic diseases such as diabetes, cancer, and other autoimmune diseases and rising focus on food sterilization and disinfection are other factors supporting the market growth. However, strict rules and regulations by government regarding the equipment approval are expected to hinder the growth.
Growing prevalence of Healthcare-Acquired Infections (HAIs) is expected to fuel the market growth during the forecast period. Invasive methods and tools are used in modern healthcare to treat patients and speed up their recovery. For instance, in November 2021, according to World Health Organization report, on average, 1 in every 10 affected patients will die from their HAI each year in American hospitals. Medical treatment tools including ventilators and catheters have been connected to infections.
Increase in the incidence of chronic diseases such as diabetes, cancer, and other autoimmune diseases is expected to propel the market growth during the forecast period. For instance, in September 2021, around one in two (240 million) persons with diabetes are undiagnosed, and the disease resulted in 6.7 million deaths, according to estimates from the World Diabetes Federation.
In addition, a major healthcare burden on the world has been cancer. In February 2022, Cancer is predicted to be the biggest cause of death worldwide in 2020, accounting for approximately to 10 million fatalities, according to World Health Organization (WHO) data.
Market Segmentation:
By Product (Revenue, USD Million), 2022 – 2033
Low-temperature Sterilizers
Hydrogen Peroxide Sterilizers
Ethylene Oxide Sterilizers)
High-Temperature Sterilizers
Steam Sterilization
Dry Sterilization
Radiation Sterilization Devices
Gamma Rays
Electron Beams
Sterile Membrane Filters
By Services (Revenue, USD Million), 2022 – 2033
Gamma Radiation Sterilization Services
Ethylene Oxide Sterilization Services
X-Ray Services
Electron Beam Services
Steam Sterilization Services
By End User (Revenue, USD Million), 2022 – 2033
Education & Research Institutes
Hospitals & Clinics
Food & Beverage Industries
Pharmaceutical & Biotechnology Companies
By Region (Revenue, USD Million), 2022 – 2033
North America
U.S.
Canada
Europe
Germany
France
UK
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Rest of LATAM
Middle East & Africa
South Africa
GCC
Rest of MEA
For more information about this report visit https://www.researchandmarkets.com/r/u7a7ha
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