STERIS Corporation (US) and Sotera Health (US) are Leading Players in the Sterilization Equipment Market
The global sterilization equipment market is valued at an estimated USD 16.8 billion in 2024 and is projected to reach USD 24.7 billion by 2029, at a CAGR of 7.9% during the forecast period. The sterilization equipment market is driven by the growing number of surgeries, rising incidence of hospital-acquired infections (HAIs) and increasing outsourcing of sterilization services among pharmaceutical companies, medical device manufacturers, and hospitals. According to the World Health Organization (WHO), of every 100 hospitalized patients at any given time, seven patients in developed countries and ten patients in developing countries acquire at least one healthcare-associated or hospital-acquired infection. Sterilization equipment is crucial for preventing and controlling the spread of such infections hence supporting the overall market growth.
The in sterilization equipment market is highly consolidated, with top companies holding significant market shares. The top five players in this market include STERIS Corporation (US), Sotera Health (US), Fortive (US), 3M (US), and Getinge AB (Sweden). Companies undertake organic and inorganic growth strategies, namely product launches and approvals, expansions, agreements, and acquisitions/collaborations to increase their product offerings, address customer requirements, augment profitability, and strengthen their presence in the global market.
To know about the assumptions considered for the study download the pdf brochure
STERIS CORPORATION (US)
Steris Corporation account for the largest share of sterilization equipment market in 2023. STERIS possesses a promising array of sterilization products and services within its portfolio. The company's extensive product range stands out as a key strengh. Additionally, STERIS offers a diverse selection of contract processing services, such as electron beam processing, gamma irradiation utilization, and EtO technologies, alongside a variety of laboratory testing services. Healthcare providers, pharmaceutical companies, and medical device companies constitute the major end users of STERIS's products and services. Operating across more than 100 countries spanning Asia, Europe, Latin America, and North and South America, the company has strategically positioned itself, securing a leading position in the sterilization equipment market.
SOTERA HEALTH (US)
Sotera Health (US) held the second largest share of the sterilization equipment market in 2023. Sotera Health has a robust portfolio comprising gamma irradiation services, electron beam (E-beam) irradiation services, EO processing services, and X-ray irradiation services. The company operates 23 facilities dedicated to gamma irradiation services, 17 facilities specializing in EO processing services, and eight facilities offering electron beam (E-beam) irradiation services. Notably, Sotera Health holds a prominent position in the North American market, with a primary revenue stream originating from the US, closely followed by Canada. This strategic positioning underscores its leadership status in the industry.
FORTIVE (US)
Fortive (US) held the third largest share of the sterilization equipment market in 2023. Fortive’s offerings in the sterilization equipment market encompass antimicrobial hand gels, enzymatic detergents, chemical indicators, biological indicators, and instrument trays. Fortive demonstrates a broad global presence, facilitated by its Research and Development (R&D), manufacturing, sales, distribution, service, and administrative facilities situated in more than 50 countries spanning North America, the Asia Pacific, Europe, and Latin America. This extensive network underscores the company's wide-ranging influence and accessibility in key regions globally.
Related Reports:
Sterilization Equipment Market by Product (Instruments, Accessories (Pouches, Lubricants)), Services (Off-site, On-site), Technology (Heat (Steam, Dry), Low- temperature (H2O2, EtO, CH2O), Radiation (E-beam, Gamma, X-Ray)) - Global Forecast to 2029
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE
