Sterilization Technologies Market Trends | Industry Growth 2022-28

The global sterilization technologies market size was valued at USD million in 2021 and is poised to grow at a significant CAGR of 6.4% during the forecast period 2022-2028.  The employment of sterilization technologies is a method for preventing the growth of any living organisms, including bacteria, viruses, fungi, and spores, on the surfaces of tools, pharmaceuticals, prescriptions, food ingredients, as well as biological culture media. Medical facilities, life sciences, food processing, pharmaceuticals, agriculture, and cosmetics all make extensive use of sterilization technologies. The majority of items in the healthcare and medical device industries have undergone terminal sterilization. There are many different kinds of sterilization techniques, including sterile filtration, radiation, dry heat, ethylene oxide, and steam sterilization.

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The Sterilization Technologies Market Growth Factors

Catheter use, poor cleanliness standards in healthcare facilities, and overuse of antibiotics are just a few examples of factors that can make people more susceptible to HAIs. Furthermore, one of the main drivers of market expansion is an increase in the number of surgeries performed in clinics. To maintain a healthy environment in the clinic, proper hygiene and sanitation must be maintained. A significant driver of market expansion is expected to be the rising prevalence of HAIs as a result of poor sanitation as well as preventive efforts over the forecast period. Around 1.5 million HAI cases and 98,000 related fatalities are recorded annually in American hospitals, in accordance with CDC data from 2018. The prevalence of chronic diseases including diabetes, leukemia, and other autoimmune disorders is expected to rise, which would raise the demand for sterilizing equipment.

The Sterilization Technologies Market Segmentation

The global Sterilization Technologies Market on the basis of Type of Sterilization, the market is segregated into Ethylene Oxide, Ionizing Radiation, Filtration, Thermal Sterilization and Others. On the basis of Process, the market is categorized into Chemical Process, Physicochemical, Synergetic Processes and Physical Processes. On the basis of End User, the market is divided into Pharmaceutical Industry, Hospitals & Clinics, Medical Device Manufacturers and Others.

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The Sterilization Technologies Market Regional Analysis

The fastest-growing markets in the region are anticipated to be those in China and India. The expanding patient pool, rising disease awareness, increased incidence of infectious diseases, better healthcare infrastructure, and rising surgical rates are the main market drivers for sterilizing technology in emerging nations. Some of the major factors propelling the growth of the global sterilization technologies market include an increase in the number of hospital-acquired infections, an increase in the elderly population, an increase in surgeries, an increase in the prevalence of various diseases like cancer and tuberculosis, an increase in healthcare spending, and an increase in the demand for sterilization across various industries like the food market.

 

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