Disinfection and sterilization of patient-care items and equipment is key to infection control in hospitals, medical offices, laboratories, and pharmaceutical cleanrooms. A new report published by Transparency Market Research forecasts that the global sterilization equipment and disinfectants market that was valued at $5.13 billion in 2012, will grow at a CAGR of 8.5 percent during the forecast period 2013 to 2019 and reach a market value of $9.15 billion by 2019. Factors impacting the growth of this market include:
- Rise in the numbers of elderly people seeking medical treatments
- Increasing number of surgeries
- Increase in per capita healthcare expenditure
- Rising incidence of hospital-acquired infections
The report, “Sterilization Equipment and Disinfectants Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013-2019”, finds that the sterilization equipment market accounted for the largest share (over 70%) of the total market in terms of revenue. The sterilization device market is also expected to grow at the highest CAGR of 9.1% during the forecast period. This growth is attributable to the wide application area, user-friendly nature and safety of the equipment.
This market is further segmented into heat sterilization equipment, low temperature sterilization equipment, filtration sterilization and radiation sterilization. Of these, the low temperature sterilization equipment market is expected to grow at the highest CAGR of 10.9% during 2013-2019.
The market for disinfectants is divided into low, intermediate and high level, and oxidizing and non-oxidizing disinfectants. The low, intermediate and high level disinfectants market is expected to grow at the highest CAGR of 7.0% during the forecast period 2013 to 2019.
Sterilization equipment and disinfectants are utilized in three major application areas – medical devices, life-sciences and pharmaceutical companies – of which the medical devices application accounted for the largest share (60.8%) of the total market in 2012 and is expected to grow at the highest CAGR during the forecast period.
Geographically, the North American region accounted for the largest share in terms of revenue of the total market. Major players in the market are reported as STERIS Corporation, Getinge Group, Advanced Sterilization Products Services, Inc., 3M and Belimed, Inc.