The size of the European Sterilization Equipment Market was worth USD 1.44 billion in 2019. As per our report, this figure is estimated to value USD 2.16 billion by 2024 with showcasing a CAGR of 8.46% from 2019 to 2024.
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 which 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. Tyndallization 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 colour. 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 Europe Sterilization Equipment market are stringent regulations in using medical equipment, the rise of growth in 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 Europe Sterilization Equipment Market has been segmented and sub-segmented into the following categories and calculated market size and forecast for each segment until 2024.
Regional Analysis
Europe is the largest market shareholder for providing healthcare equipment following North America.
German sterilization equipment market is leading with the highest shares of the European market by owing to the rise in manufacturing a wide range of laboratory products & medical devices, innovative drug discovery, sterilization equipment for the pharmaceutical industry. Market players provide high-quality products to customers with high-level reliability.
The UK sterilization equipment market is following Germany in ruling the most significant shares of the market with the rising number of geriatric population and increasing incidences of chronic diseases. Italy and Spain sterilization equipment market are to 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 for the market to grow in these countries.
Prominent companies in Europe Sterilization Equipment Market profiled in this report are STERIS Corporation, Getinge Group, Advanced Sterilization Products, 3M Company, Belimed AG, Cantel Medical Corporation, Anderson Products, Inc., Matachana Group, MMM Group, Sterigenics International, Inc.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Low-Temperature/High-Temperature Heat Sterilization
5.1.2 Filtration Sterilization Equipment
5.1.3 Ionizing Radiation Sterilization Equipment
5.1.4 Y-o-Y Growth Analysis, By Product
5.1.5 Market Attractiveness Analysis, By Product
5.1.6 Market Share Analysis, By Product
5.2 End Users
5.2.1 Pharmaceutical Companies
5.2.2 Medical Device Companies
5.2.3 Hospitals
5.2.4 Food & Beverage Companies
5.2.5 Other end users
5.2.6 Y-o-Y Growth Analysis, By End Users
5.2.7 Market Attractiveness Analysis, By End Users
5.2.8 Market Share Analysis, By End Users
5.3 Consumables and Accessories
5.3.1 Detergents
5.3.2 Sterilization Accessories
5.3.3 Sterilization Indicators
5.3.4 Pouches
5.3.5 Lubricants
5.3.6 Y-o-Y Growth Analysis, By Consumables and Accessories
5.3.7 Market Attractiveness Analysis, By Consumables and Accessories
5.3.8 Market Share Analysis, By Consumables and Accessories
5.4 Site of Sterilization
5.4.1 Offsite Sterilization Services
5.4.1.1 E-Beam Sterilization Services
5.4.1.2 Ethylene Oxide Sterilization Services
5.4.1.3 Other Sterilization Services
5.4.1.4 Gamma Sterilization Services
5.4.2 Onsite Sterilization Services
5.4.2.1 E-Beam Sterilization Services
5.4.2.2 Ethylene Oxide Sterilization Services
5.4.2.3 Other Sterilization Services
5.4.3 Y-o-Y Growth Analysis, By Site of Sterilization
5.4.4 Market Attractiveness Analysis, By Site of Sterilization
5.4.5 Market Share Analysis, By Site of Sterilization
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Product
6.1.3.2 By End Users
6.1.3.3 By Consumables and Accessories
6.1.3.4 By Site of Sterilization
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Product
6.1.4.2 By End Users
6.1.4.3 By Consumables and Accessories
6.1.4.4 By Site of Sterilization
6.1.5 Market Share Analysis
6.1.5.1 By Product
6.1.5.2 By End Users
6.1.5.3 By Consumables and Accessories
6.1.5.4 By Site of Sterilization
6.2 U.K
6.3 Spain
6.4 Germany
6.5 Italy
6.6 France
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 STERIS Corporation
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Getinge Group
8.3 Advanced Sterilization Products
8.4 3M Company
8.5 Belimed AG
8.6 Cantel Medical Corporation
8.7 Anderson Products, Inc.
8.8 Matachana Group
8.9 MMM Group
8.10 Sterigenics International, Inc.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
Related Reports
Aug 2019
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