Medical Radiation Sterilization Equipment Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
Report Description
The global Medical Radiation Sterilization Equipment market size is estimated at USD 4,809.4 million in 2020, expanding at a CAGR 6.9% from 2021-2027 to reach 6,204.4 million USD in 2027.
Market Dynamics
Sterilization is a means of eliminating transmissible organisms such as fungus, spore forms, fluids, unicellular eukaryotic organisms, and bacteria, among others. Sterilization is a helpful practice in the medical business, with the cleanliness and efficacy of the sterilizing equipment playing a significant role. Numerous health hazards associated with the use of contaminated equipment cause public health concerns and fatal hepatitis, emphasizing the importance of good infection management. As a result, sterilizing equipment is regarded as the most important component of the healthcare environment. Furthermore, the widespread occurrence of Ebola and the Coronavirus has underscored the need for appropriate medical facility administration and the critical necessity for a sanitary environment.
All microorganisms, including fungi, protozoa, non-spore-forming and spore-forming bacteria, ad viruses, must be removed or destroyed using sterilization machines. These germs can contaminate medications or other materials, posing a health risk and increasing the demand for sterilizing equipment. Furthermore, classic sterilization procedures that use hot air or saturated steam at compression are the most dependable means for providing precise sterility to items. Furthermore, various sterilizing methods such as ionizing radiation, gas sterilization, and filtration that readily eliminates the presence of bacteria should help the medical radioactivity sterilization equipment sector progress.
The growing number of operating systems and the maturing population are the significant elements expected to propel germination. Furthermore, the kinetic energy in the rate of chronic illnesses, as well as several initiatives undertaken by the administration to secure the implementation of inherent sterilization measures in hospitals and research markets, are expected to drive the growth of the hospital sanitization equipment industry over the forecast period. Currently, stringent medicinal safety and contamination limitation criteria are raising global community awareness, resulting in shorter dispensary visits and lower healthcare costs.
Regional Insights
Because of the growing number of pharmaceutical and biotech firms, the Asia Pacific sterilizing equipment market is expected to grow at a CAGR of more than 8.0 percent. Regional expansion can be ascribed to the prominent presence of large biotech and pharma businesses, as well as increased R&D investments. Furthermore, the Asian population, particularly in Japan and China, is aging. The senior population is more vulnerable to a variety of chronic ailments. As a result, such a demographic trend will fuel the need for surgical treatments, which will increase the demand for sterilizing equipment.
Segment Insights
A large increase in hospitalization rates owing to the widespread coronavirus illness (COVID-19) has raised the global need for ventilation systems to serve critically ill patients. This is one of the major elements increasing the need for sterilizing equipment to avoid the entrance of dangerous compounds that might cause infection through the artificial airway and internal circuits.
Competitive Insights
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses the market size and forecast of Medical Radiation Sterilization Equipment by, End-Use, region, and Type. In addition, this report introduces the market competition situation among the vendors, and the company profile, besides, market price analysis, and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):
- 3M
- Advanced Sterilization Products Service Inc.
- Andersen Products
- Belimed
- Cantel Medical
- E-BEAM Services, Inc.
- Fortive
- Getinge
- LTE Scientific Ltd
- Matachana Group
- MMM Group
- Sterigenics International
- Steris
- TSO3
Type Coverage (Market Size & Forecast, Main Consumer Analysis etc.):
- E-Beam radiation sterilization
- X-Ray sterilization
- Gamma sterilization
End-Use Coverage (Market Size & Forecast, Main Consumer Analysis etc.):
- Hospitals
- Clinics
- Ambulatory surgical centers
- Others
Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)
Table Of Content
1. Medical Radiation Sterilization Equipment Market Overview
1.1. Product Overview and Scope of Medical Radiation Sterilization Equipment
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Medical Radiation Sterilization Equipment Consumption Comparison by Type: 2020 VS 2027
1.3.1. E-Beam radiation sterilization
1.3.2. X-Ray sterilization
1.3.3. Gamma sterilization
1.4. Global Medical Radiation Sterilization Equipment Consumption Comparison by End-Use: 2020 VS 2027
1.4.1. Hospitals
1.4.2. Clinics
1.4.3. Ambulatory surgical centers
1.4.4. Others
1.5. Global Medical Radiation Sterilization Equipment Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.5.1. North America Medical Radiation Sterilization Equipment Estimates
1.5.2. Europe Medical Radiation Sterilization Equipment Estimates
1.5.3. China Medical Radiation Sterilization Equipment Estimates
1.5.4. Japan Medical Radiation Sterilization Equipment Estimates
2. Market Competition by Manufacturers
2.1. Global Medical Radiation Sterilization Equipment Revenue Market Share by Manufacturers (2020)
2.2. Medical Radiation Sterilization Equipment Market Share by Company Product (Tier 1, Tier 2 and Tier 3)
2.3. Global Medical Radiation Sterilization Equipment Average Price by Manufacturers (2016-2021)
2.4. Manufacturers Medical Radiation Sterilization Equipment Production Sites, Area Served, Product Device
2.5. Medical Radiation Sterilization Equipment Market Competitive Situation and Trends
2.5.1. Medical Radiation Sterilization Equipment Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Medical Radiation Sterilization Equipment Consumption by Region (2016-2021)
3.1. Global Medical Radiation Sterilization Equipment Consumption by Region
3.2. Global Medical Radiation Sterilization Equipment Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Medical Radiation Sterilization Equipment Consumption Growth Rate (2016-2021)
3.2.3. North America Medical Radiation Sterilization Equipment Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America Medical Radiation Sterilization Equipment Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Medical Radiation Sterilization Equipment Consumption Growth Rate (2016-2021)
3.2.7. Europe Medical Radiation Sterilization Equipment Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe Medical Radiation Sterilization Equipment Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Medical Radiation Sterilization Equipment Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific Medical Radiation Sterilization Equipment Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific Medical Radiation Sterilization Equipment Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Medical Radiation Sterilization Equipment Consumption Growth Rate (2016-2021)
3.2.15. South America Medical Radiation Sterilization Equipment Consumption, Price and Gross Margin (2016-2021)
3.2.16. South America Medical Radiation Sterilization Equipment Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Medical Radiation Sterilization Equipment Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa Medical Radiation Sterilization Equipment Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa Medical Radiation Sterilization Equipment Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Medical Radiation Sterilization Equipment Consumption by Type (2016-2021)
4.1. Global Medical Radiation Sterilization Equipment Price by Type (2016-2021)
4.2. Global Medical Radiation Sterilization Equipment Revenue Market Share by Type (2016-2021)
4.2.1. E-Beam radiation sterilization
4.2.2. X-Ray sterilization
4.2.3. Gamma sterilization
5. Global Medical Radiation Sterilization Equipment Consumption by End-Use (2016-2021)
5.1. Global Medical Radiation Sterilization Equipment Price by Type (2016-2021)
5.2. Global Medical Radiation Sterilization Equipment Revenue Market Share by End-Use (2016-2021)
5.2.1. Hospitals
5.2.2. Clinics
5.2.3. Ambulatory surgical centers
5.2.4. Others
6. Key Companies Profiled
6.1. 3M.
6.1.1. 3M Medical Radiation Sterilization Equipment Corporation Information
6.1.2. 3M. Medical Radiation Sterilization Equipment Product Portfolio
6.1.3. 3M Medical Radiation Sterilization Equipment Consumption, Price and Gross Margin (2016-2021)
6.1.4. 3M.Main Business and Markets Served
6.1.5. 3M Recent Developments/Updates
6.2. Advanced Sterilization Products Service Inc.
6.3. Andersen Products
6.4. Belimed
6.5. Cantel Medical
6.6. E-BEAM Services, Inc.
6.7. Fortive
6.8. Getinge
6.9. LTE Scientific Ltd
6.10. Matachana Group
6.11. MMM Group
6.12. Sterigenics International
6.13. Steris
6.14. TSO3
7. Marketing Channel, Distributors and Customers
7.1. Marketing Channel
7.2. Medical Radiation Sterilization Equipment Distributors List
7.3. Medical Radiation Sterilization Equipment Customers
8. Market Dynamics
8.1. Medical Radiation Sterilization Equipment Industry Trends
8.2. Medical Radiation Sterilization Equipment Growth Drivers
8.3. Medical Radiation Sterilization Equipment Market Challenges
8.4. Medical Radiation Sterilization Equipment Market Restraints
9. Global Medical Radiation Sterilization Equipment Consumption and Demand Forecast, by Region (2022-2027)
9.1. Global Forecasted Demand Analysis of Medical Radiation Sterilization Equipment, by Regions and Country
9.1.1. North America Forecasted Consumption of Medical Radiation Sterilization Equipment by Country
9.1.2. Europe Market Forecasted Consumption of Medical Radiation Sterilization Equipment by Country
9.1.3. Asia Pacific Market Forecasted Consumption of Medical Radiation Sterilization Equipment by Region
9.1.4. Latin America Forecasted Consumption of Medical Radiation Sterilization Equipment by Country
9.1.5. Middle East and Africa Forecasted Consumption of Medical Radiation Sterilization Equipment by Country
10. Research Finding and Conclusion
11. Methodology and Data Source
11.1. Methodology/Research Approach
11.1.1. Research Programs/Product
11.1.2. Market Size Estimation
11.1.3. Market Breakdown and Data Triangulation
11.2. Data Source
11.2.1. Secondary Sources
11.2.2. Primary Sources
11.3. Author List
11.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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