The sterilization equipment market in North America will be valued at USD 2.29 billion in 2023. It is estimated to be growing at a CAGR of 8.7% to reach USD 3.48 billion by 2028 during the forecast period.
Sterilization is killing/removing/deactivating all life forms, like bacteria, viruses, fungi, prions, plasmodium, etc., present in medications, fluids, or biological culture media. Sterilization is a process that is mandatory since lethal diseases like hepatitis and HIV are threatening the lives of many. Sterilization achieved by heat is applied in sterilization food containers such as beer, milk, and fruit juice bottles. Sterilization is commonly achieved using flaming, incineration, steam, dry heat, and tyndallisation. Flaming is usually done in microbiology laboratories. In this process, straight wires and loops are heated until they emit red. Incineration combusts organic material inside a waste. Sterilization by steam is attained by heating the target material using injected steam until a particular time and temperature. Using dry heat is a tedious process compared to using steam; it kills the microorganisms through exposure to dry weather. The degree of sterilization achieved is proportional to the time of exposure to heat. Tyndallisation decreases the activity of sporulating bacteria by using a water-boiling method.
The increasing prevalence of hospital-acquired infections across the North American region is majorly driving the sterilization equipment market growth in North America. Some common hospital-acquired infections are surgical site infection, ventilator associate pneumonia, central line-associated bloodstream infection, methicillin-resistant staphylococcus aureus, and others. As per the data provided by the Centers for Disease Control (CDC), an estimated 1.7 million infections have occurred due to hospital-acquired infections, and 99,000 death each year in American hospitals. Due to the increasing death rate in the hospitals, they have increased the adoption of sterilization methods to remove all the viruses, microorganisms, bacteria, and others in the hospital premises and the patient rooms.
The growing number of surgical procedures and increasing prevalence of infectious diseases are anticipated to boost the growth rate of the North American sterilization equipment market. Furthermore, an increasing number of chronic diseases such as cancer, diabetes, and cardiovascular diseases leads to increased surgical procedures to cure the disease. In addition, the operating rooms and the surgical equipment should be sterilized to reduce the spread of infections from the patient to the healthcare provider and from one patient to another. For these procedures, sterilization equipment is required to support the market.
In addition, the growing usage of sterilization equipment by pharmaceutical companies is predicted to support regional market growth. Due to the increasing production of various drugs and vaccines, the premises and the production equipment must be sterilized regularly to reduce the drugs' side effects for workers and employers. In addition, manufacturing the hygiene drug or vaccine also need this sterilization procedure to remove the virus, which helps the market growth.
Furthermore, the growing R&D around advanced sterilization equipment and techniques is predicted to support the growth rate of the North American market. To reduce the side effects of using sterilization equipment and the liquids or the products used in the equipment, manufacturers are focusing on developing the equipment in an advanced manner with the sensor and advanced technology. In addition, manufacturers also develop handheld sterilization equipment for the house and small areas to keep the environment clean and hygienic.
On the other hand, the high cost of sterilization equipment is the main factor restraining market growth. Furthermore, lack of product approval for the novel product, lack of skilled professionals for the use of the equipment, and production of cheap quality equipment by third parties are the other reasons hindering the market growth. In addition, side effects due to the sterilization equipment's substance impede the market growth.
This research report on the North America Sterilization Equipment Market has been segmented and sub-segmented into the following categories:
Based on the product, the low-temperature/high-temperature heat sterilization segment accounted for the major share of the North American sterilization equipment market in 2021.
By End User:
The F&B companies segment is expected to hold a leading share of the North American sterilization equipment market during the forecast period.
By Consumables and Accessories:
During the forecast period, the North American market is expected to hold a major global market share. The growing advancements majorly drive the growth of the North American market in the healthcare infrastructure and increasing usage of sterilization equipment in various fields. In addition, during the pandemic, sterilization equipment has increased demand to remove the virus/ bacteria from a place to reduce the spread of the virus from one place to another.
The U.S. had the major share of the North American market in 2022. The growing number of U.S. sterilization manufacturers and suppliers and the aging population are majorly supporting the U.S. market growth. In addition, due to manufacturers' presence in the U.S., the key market players are providing cost-effective devices that help reduce the virus spread throughout the region.
The Canadian market is anticipated to occupy a considerable share of the North American market during the forecast period owing to the growing adoption of sterilization methods in Canada. Furthermore, owing to the rapid spread of the COVID-19 pandemic in recent times, healthcare providers and people have realized the importance of sterilization, which has positively resulted in Canadian market growth.
KEY MARKET PLAYERS:
A few of the prominent companies operating in the North American 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.).
The North American Sterilization Equipment Market is predicted to grow at a CAGR of 8.7% from 2023 to 2028.
Factors such as the growing number of surgeries and procedures, rising incidence of hospital-acquired infections, and the growing demand for sterilization in the food and beverage industry are primarily driving the sterilization equipment market in North America.
Steris Corporation, Getinge Group, 3M Company, Belimed AG, and Advanced Sterilization Products (ASP) are some of the notable players in the North American sterilization equipment market.
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