Sterilization Technologies Market Size, Share Report, Analysis, Trends, Growth 2030

Sterilization Technologies Industry Prospective:

The global sterilization technologies market size was worth around USD 8.24 billion in 2022 and is predicted to grow to around USD 13.75 billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.63% between 2023 and 2030.

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Sterilization Technologies Market: Overview

Sterilization technologies are a set of measures using advanced tools for disinfecting or sterilizing an object for safer consumption. In simple terms, sterilization is the process through which all forms of microbial growth on a given object are eliminated using chemical and physical methods. There are several forms of sterilization techniques and technologies with each method offering advantages and showcasing certain limitations. They have large-scale applications across sectors including medical devices, cosmetic products, food & beverages, medicine, spacecraft, and many more.

Sterilization and disinfection are easily confused as terms representing the same concept. However, there is a slight difference between the two which is mainly related to the level of microorganisms removed during the process. For instance, a disinfectant partly eliminates certain bacteria on the surface while sterilization aims at complete removal of living organisms on the item being sterilized. There is no risk of infection when using a sterilized item. The industry for sterilization technologies is evolving at a rapid rate and this trend will play a crucial role in its growth during the projection period.

Key Insights:

• As per the analysis shared by our research analyst, the global sterilization technologies market is estimated to grow annually at a CAGR of around 6.63% over the forecast period (2023-2030)
• In terms of revenue, the global sterilization technologies market size was valued at around USD 8.24 billion in 2022 and is projected to reach USD 13.75 billion, by 2030.
• The sterilization technologies market is projected to grow at a significant rate due to the increasing application in the healthcare field
• Based on end-user segmentation, medical devices was predicted to show maximum market share in the year 2022
• Based on type segmentation, chemical & gas sterilization was the leading segment in 2022
• On the basis of region, North America was the leading revenue generator in 2022

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Sterilization Technologies Market: Growth Drivers

Increasing application in the healthcare field to drive market growth

The global sterilization technologies market is expected to grow owing to the increasing application in the medical and healthcare fields. All types of medical devices are constantly exposed to a range of microbes. Some of these living organisms may not be extremely harmful while some may be the reason for the spread of deadly diseases. For instance, COVID-19 was one of the most contagious diseases that could spread easily through contact with surfaces that were previously exposed to the virus. Sterilization technologies for the backbone of safe medical processes and the absence of effective techniques can lead to catastrophic results for the general population.

All healthcare and medical facilities have to adhere to strict safety standards and any error or default in following safety protocols, of which sterilization of used devices is a priority, can lead to severe fines and revocation of practice certificates along with heavy penalties. For instance, in a recent incident, the Occupational Safety and Health Administration (OSHA) agency fined the Saint Alphonsus Regional Medical Center for a total of USD 14,630 for non-compliance with safety protocols. The increasingly stricter policies and regulations in place governing the medical community at regional and global levels are expected to drive the demand for sterilization technologies.

Increasing number of patients worldwide to further push market consumption

As the number of patients dealing with various medical conditions is on the rise on a global scale, the demand for efficient sterilization technologies has soared to new levels. With an increase in patient load in the medical community, consumption levels of all forms of medical devices are on the rise, and suppliers of sterilization technologies are benefiting from the same.

Sterilization Technologies Market: Restraints

Adhering to dynamic regulatory procedures is a growth limitation

The medical community is subject to an ever-evolving and dynamic regulatory environment. This is because every country has specific rules and regulations that govern the safety standards and operational procedures in the medical sector. This poses severe growth limitations for companies operating in the sterilization technologies industry since they have to stay in sync with the changing rules and entry into a new market can prove to be an exhaustive task with excessive consumption of money and time.

Sterilization Technologies Market: Opportunities

Increased research and development in the industry to create expansion possibilities

The sterilization technologies industry can expect higher growth as the players and researchers continue to invest in novel systems for specific sectors. Every end-user industry has precise demands leading to a large and unfulfilled scope for newer systems. In May 2022, Sterigenics®, a leading player in the industry, announced the launch of a new sterilization setup at its Belgium facility. The sterilizer is equipped with Noxilizer’s Nitrogen Dioxide Technology and uses NO2 gas for sterilization. In November 2019, the World Health Organization (WHO) launched a new mosquito sterilization technique called the Sterile Insect Technique (SIT) in a bid to control the spread of deadly diseases such as Zika, dengue, and chikungunya.

Additionally, the evolving nature of viruses and bacteria to survive current sterilizing techniques has propelled manufacturers of the technology to develop more creative and highly effective solutions.

Sterilization Technologies Market: Challenges

Difficulty in adopting modern methods to create expansion barriers

Even in modern times, many end-users prefer the traditional methods of sterilizing which involves the use of steam under pressure or hot air. These measures are widely still under use and there may be resistance or lack of interest in adopting modern techniques under lack of mandates. This is especially applicable in smaller units that do not fall under the radar of agencies responsible for implementing safety standards. Such incidents are major growth barriers for the global market players.

Sterilization Technologies Market: Segmentation

The global sterilization technologies market is segmented based on end-user, type, and region.

Based on end-user, the global market segments are medical devices, pharmaceuticals, agriculture, food & beverages, manufacturing, cosmetics, and others. In 2022, the highest growth was observed in the medical devices segment led by the increasing number of medical cases worldwide, rise in geriatric population, increased healthcare expenditure, and higher investments in developing affordable healthcare infrastructure that led to increased access to primary medical care even in remote locations. In 2021, healthcare spending in the US reached over USD 4.2 trillion as per official reports. The cosmetics segment is projected to grow at a rapid rate as the number of players in the industry continues to rise.

Based on type, the sterilization technologies industry segments are ionizing radiation sterilization, chemical & gas sterilization, thermal sterilization, filtration sterilization, and others. The highest CAGR was observed in the chemical & gas sterilization segment as these measures are the most widely known and used sterilization techniques. They are known for higher efficiency, reliability, and the ability to sterilize several types of bacteria. In recent times, the demand for ionizing radiation sterilization has grown since it does need to be operated at extremely high temperatures and can be considered safer for use. This technique primarily uses cobalt 60 gamma rays or electron accelerators for functional purposes.

Sterilization Technologies Market: Report Scope

Sterilization Technologies Market: Regional Analysis

North America leads with the highest revenue share

The global sterilization technologies market is projected to be led by North America during the forecast period. In 2022, the region dominated over 39% of the global market share. One of the primary reasons for regional growth is the existence of several safety protocols along with strict implementation policies that ensure companies operating in all end-user verticals adhere to safety standards and guidelines. Additionally, the rise in pressure on the healthcare sector with increased medical tourism while catering to the medical needs of the regional population has helped surge in sterilization technology consumption.

Moreover, there are several key manufacturers of sterilization technology and systems in the US that are constantly investing in research and development. North America has a huge demand for sterilization measures in the cosmetics industry since several luxury brands along with affordable cosmetic product companies are located in the US and Canada region. These products have to undergo strict quality checks before they become available for sale. Asia-Pacific will emerge as a significant regional market. The rising population and surging investments by the government to improve healthcare access are likely to drive regional revenue.

Sterilization Technologies Market: Competitive Analysis

The global sterilization technologies market is led by players like:

• 3M Company
• Sotera Health
• TSO3 Inc.
• Steris Corporation
• Advanced Sterilization Products
• Belimed AG
• Anderson Products
• Getinge AB
• Fedegari Autoclavi S.p.A.
• Matachana Group
• Sterigenics International LLC
• Cantel Medical Corporation
• Sterilmed Inc.
• Noxilizer Inc.
• MMM Group.

The global sterilization technologies market is segmented as follows:

By End-User

• Medical Devices
• Pharmaceutical
• Agriculture
• Food & Beverages
• Manufacturing
• Cosmetics
• Others

By Type

• Ionizing Radiation Sterilization
• Chemical & Gas Sterilization
• Thermal Sterilization
• Filtration Sterilization
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa