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Global Steam Autoclave Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Configuration, Technology, End-user & Region - Industry Forecast (2022 to 2027)

Published: January, 2022
ID: 5592
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Steam Autoclave Market Size (2022 to 2027)

The size of the global steam autoclave market is estimated to value USD 2.95 billion by 2027 and USD 2.03 billion in 2022, growing at a CAGR of 7.8% from 2022 to 2027.

An Autoclave is a pressure chamber, which is essentially used in a sterilization process, where medical equipment and supplies are sterilized at high pressure and temperature than the ambient air pressure. Sterilization of autoclaves was mostly used in microbiology, dentistry, and medicine. After using medical devices, they may get contaminated, so the medical devices need to be autoclaved for every use to kill bacteria, viruses, fungi, and others. Most of the medical-grade autoclaves are restricted to run regulator-approved cycles. They mostly work on pressure, steam, and time, so they use high-temperature and pressure steam for this purpose.

MARKET DRIVERS:

The rising number of patients with hospital-acquired infections, the rising adoption of central sterile supply department healthcare institution design, and the growing requirement to manage medical waste and biohazardous waste are expected to promote the growth rate of the global steam autoclave market.

Increasing applications from the healthcare, dentistry, and pharmaceutical sectors and adopting rigorous regulatory regulations will provide enormous opportunities for the steam autoclaves market to develop. Regulating the cleansing of various restorative and laboratory equipment contributes to the institutionalization of the procedure for each type of device, increasing the demand for portable steam autoclaves. Over the forecast time frame, the increase in demand for portable devices will drive the best steam autoclaves market. Robotized devices have also encouraged the development of programmable table steam autoclaves with varying volume capacities, resulting in increased demand and acceptance of steam autoclaves. In addition, steam autoclaves are increasingly being utilized as heat treatment processing units to destroy microorganisms in medical waste before it is disposed of for further treatment in the country, boosting demand for steam autoclaves. The Occupational Health and Safety Administration (OSHA) has set rules for using steam autoclaves to handle regulated medical waste.

In the next few years, the rising prevalence of diseases and the unmet need to deal with biological waste would most likely drive the market for steam autoclaves to expand. Furthermore, the increasing prevalence of focused sterile supply offices in hospitals is expected to influence the income generated by steam autoclaves in the coming years. The need for waste sterilization and waste management solutions is projected to rise as the amount of medical and bio-hazardous waste created by hospitals, pharmaceutical facilities, life science research institutions, and drug manufacturers grows rapidly. Continued development of innovative technologies that result in lower production costs and lower market pricing for bigger steam autoclaves is expected to boost global adoption rates for these devices. Over the forecast period, the market is likely to be driven by a growing global population and rising incidences of hospital-acquired infection worldwide.

Furthermore, the rise in healthcare expenditures is a significant factor driving the global steam autoclave market growth. The stringent government regulations on healthy and sanitized policy in healthcare and pharmaceutical are fuelling the market growth. In addition, the low cost associated with the Sterilization process will boost the market. Moreover, the autoclave is used in the vulcanization of rubber, due to which the steam autoclave market is rapidly growing. The introduction of portable steam autoclaves and increasing bio-hazardous waste generated from hospitals are the main opportunities of the global steam autoclave market.

MARKET RESTRAINTS:

The global steam autoclave market is expected to be restrained by the rising cost of specialized autoclaves and the lack of adequate sterilization criteria. In addition, the rapid epidemic of SARS-CoV-2 has hampered commerce and transit of goods, shut down large portions of the global economy, and disrupted supply chains, all of which have hampered market development. The rising popularity of disposable equipment is projected to be a key major obstacle to the entire industry's growth.

Impact of COVID-19 on the global steam autoclave market:

The COVID had impacted all the sectors in its own way. Even the global economy got affected in a negative during the pandemic. Due to the strict implementation of lockdown, almost all industries got shut down and adversely impacted. The steam autoclave market is something different from other sectors. The steam autoclave market has seen profits during the pandemic. Due to strict instructions by WHO, the market has fuelled up. The World Health Organisation had stated that the laboratories must contain biosafety levels of BSL-2 and BSL-3 to handle COVID-19 carefully. But there are few negative impacts during the pandemic. Due to strict lockdown implementation, the supply chain got disturbed. The market key players had tried their best to sustain in the market during COVID.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

Segments Covered

By Configuration, Technology, End-user & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

 

This market research report on the global steam autoclave market has been segmented and sub-segmented based on configuration, technology, end-user & region.

Steam Autoclave Market – By Configuration:                   

  • Table Top 
  • Vertical     
  • Horizontal
  • High Pressure        
  • Floor Standing       

The Table Top segment is estimated to account for the highest share in the global steam autoclave market during the forecast period based on Configuration. The tabletop segment is estimated to observe a 10.25% growth rate by 2025. The upsurge in demand by healthcare centers, hospitals, and clinics is the main factor that led the market to the top.

Steam Autoclave Market – By Technology:           

  • Gravity Displacement         
  • Steam Flush            
  • Pre-vacuum         

By technology, the gravity displacement segment was the market leader among all in 2020 and valued at USD 942 million in 2020. Steel utensils, bio-hazardous waste, and glassware are the most common laboratory devices sterilized by the Gravity displacement autoclaves. Moreover, Gravity autoclaves are dependable and affordable, which led to the market leader.  

Steam Autoclave Market – By End-user:

  • Medical    
    • Hospitals
    • Clinics
    • Medical Waste Management
  • Laboratory              
    • Pharmaceutical
    • Bio-hazardous Waste Management
  • Dental clinics          
  • Health Care Organizations
  • Academics 

Both medical and laboratory applications have a significant share due to the prominent uses of autoclaves in healthcare and clinical applications. Moreover, due to the enormous quantity of autoclaving solution requirements in hospitals, the medical segment is fuelled. Further, the expanding demand for pharmaceutical bio-hazardous waste management, which propelled the laboratory applications segment.

Steam Autoclave Market – By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographically, North America dominated the global steam autoclave market, followed by Europe due to the high-class healthcare infrastructure, rising number of surgeries, and high healthcare costs.

The North America Steam Autoclave Market was worth USD 0.72 billion in 2020, and the market is estimated to reach USD 1.04 billion by 2025, at a CAGR of 7.56% during the forecast period. The senior population's rise was likely to suffer from multiple chronic diseases driven the North American market. The largest market contributors of North America are the US and Canada. The increase in rare and infectious diseases and the growing adoption of the CSSD framework region boost the market. Moreover, high-class healthcare infrastructure, high spending on healthcare, and a rising number of surgeries fuel the market. The presence of numerous key players is some other reason for North America's steam autoclave market growth.

Europe is the second prominent region after North America. The European Steam Autoclave Market has been estimated at USD 0.49 billion in 2020 and is anticipated to reach USD 0.71 billion by 2025 at a CAGR of 7.85%. Europe, Germany, France, and the U.K are the major contributors to the European market. Rising awareness and beneficial reimbursement policies are some of the major factors that propel the market. Moreover, the sudden rise in market players is boosting the European Steam Autoclave Market.

The Asia Pacific is expected to have the fastest growth rate, owing to increasing awareness among healthcare, growing medical tourism, rapidly developing medical infrastructure and emerging economies in developing nations such as China and India. The major contributors to the market are India, China, and Japan. Developing medical tourism and raising awareness among healthcare are major factors boosting the market. Furthermore, rapidly developing medical infrastructure and emerging economies like China and India propel the Steam Asia Pacific Autoclave Market.

KEY MARKET PARTICIPANTS:

Companies playing a prominent role in the global steam autoclave market are Steris, Belimed Deutschland, Priorclave, Getinge Infection Control, 3M Health Care, Panasonic Healthcare, LTE Scientific, Medisafe International, Belimed Group, and Melag.

RECENT MARKET HAPPENINGS:

  • In February 2021, STERIS, an American Irish-domiciled medical equipment company specializing in sterilization and surgical products, has unveiled a new label, which claims the result of extensive testing and development.

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