The size of the Sterilization Equipment Market in Europe is forecasted to be USD 1.56 billion in 2023. As per our report, this figure is estimated to value USD 2.34 billion by 2028, showcasing a CAGR of 8.46% during the forecast period.
Sterilization is the procedure of killing/removing/deactivating all forms of life like fungi, prions, bacteria, viruses, plasmodium, etc., which are present in biological culture media, medications, or fluids. Sterilization is a process that is compulsory since lethal diseases like hepatitis and HIV are threatening the lives of many people. Sterilization attained by heat finds its application in sterilization food containers such as beer, milk, and fruit juice bottles.
Sterilization is commonly achieved by using steam, dry heat, tyndallisation, flaming, and incineration. Using dry heat is a lengthy process as compared to using steam. The method kills the microorganisms through exposure to dry heat. The degree of sterilization that is achieved is proportional to the time of exposure. Tyndallisation reduces the activity of sporulating bacteria by using a water boiling method. Flaming is usually done in microbiology laboratories. In the process, straight wires and loops are heated until they emit a red color. Incineration burns organic material inside a waste. Sterilization by steam is done by heating the target material using injected steam until a particular time and temperature.
The driving factors of the European Sterilization Equipment market are stringent regulations in using medical equipment, the rise of growth in the food and beverages industry, increasing investment in healthcare infrastructure, growing demand for sterilized equipment, a growing number of hospital-acquired diseases, an increasing number of pharmaceutical companies, and rising geriatric population among others.
The constraining factor of this market is the high cost of sterilization equipment.
This research report on the European Sterilization Equipment Market has been segmented and sub-segmented into the following categories:
By End User:
By Consumables and Accessories:
The European market is the second-largest shareholder in the global sterilization equipment market, following North America. The German sterilization equipment market is currently leading the European market owing to the rise in manufacturing a wide range of laboratory products & medical devices, innovative drug discovery, sterilization equipment for the pharmaceutical industry. In addition, market players provide high-quality products to customers with high-level reliability.
The UK sterilization equipment market is expected to register a significant CAGR during the forecast period due to the rising geriatric population and increasing chronic diseases. On the other hand, Italy and Spain's sterilization equipment markets show dominant shares of the market in the forecast period due to rising infectious diseases like COVID-19. An increasing number of patients with COVID-19 is a significant factor in the market in these countries.
KEY MARKET PLAYERS:
A few of the notable players operating in the European sterilization equipment market profiled in this report are STERIS Corporation (U.S.), Getinge Group (Sweden), Advanced Sterilization Products (U.S.), 3M Company (U.S.), Belimed AG (Switzerland), Cantel Medical Corporation (U.S.), Anderson Products, Inc. (U.S.), Matachana Group (S.A.), MMM Group (Germany), Sterigenics International, Inc. (U.S.).
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