Global Sterilization Equipment and Disinfectants Market Trends And Strategies Of Major Players In The Sterilization Equipment and Disinfectants Market 2021-2030

The sterilization equipment and disinfectants market consist of sales of sterilization equipment and disinfectants which are used in the decontamination of microorganisms. The revenue of sterilization equipment and disinfectants market is mainly through the sales of sterilization equipment which includes heat sterilizers, low-temperature sterilizers, radiation sterilizers and filtration sterilizers and disinfectants which include high-level, intermediate-level and low-level disinfectants. The manufactures of sterilization equipment and disinfectants market are primarily engaged in manufacturing equipment which are used for decontamination by physical, chemical and mechanical methods by clinical laboratories, pharmaceutical companies, hospital and clinics.

Global Sterilization Equipment and Disinfectants Market Size And Drivers:

The global sterilization equipment and disinfectants market is expected to grow from $9.04 billion in 2020 to $11.11 billion in 2021 at a compound annual growth rate (CAGR) of 22.9%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The sterilization equipment and disinfectants market is expected to reach $17.54 billion in 2025 at a CAGR of 12%. Government regulations to combat COVID-19 situation is expected to boost market growth during the forecast period.

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Trends In The Global Sterilization Equipment and Disinfectants Market

Sustainable solutions such as repeat sterilization of medical equipment including personal protective equipment are expected to boost the market during the forecast period. As there is a shortage in the supply of PPE to the hospitals offering services to COVID-19 patients, few companies have come up with repeat sterilization of used PPE like gowns and masks. In April 2020, San-I-Pak, a California based company that manufactures equipment for high-end waste treatment, has sterilization equipment that sterilizes used medical equipment like PPE including isolation gown, 3M safety glasses, several non-branded polycarbonate glasses and surgical masks. Similarly, Battelle Memorial Institute, a non-profit research organization, is aiming at re-using the N95 respirator masks by sterilizing the N95 respirator masks as long as the masks are not made of cellulose. Battelle has been funded with $400 million by the Defense Logistics Agency under US HHS to provide decontamination of N95 across 60 sites of the USA. Following the scarcity of PPE, decontamination or sterilization of PPE rather than replacing this vital medical equipment is expected as a growth area.

Global Sterilization Equipment and Disinfectants Market Segments:
The global sterilization equipment and disinfectant market is further segmented –
By Product Type: Sterilization Equipment, Disinfectants
By Method: Physical Method, Chemical Method, Mechanical Method
By End-User: Hospitals And Clinics, Pharmaceutical Companies, Clinical Laboratories
By Geography: The global sterilization and disinfectant equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Sterilization Equipment and Disinfectants Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides sterilization equipment and disinfectants market overviews, analyzes and forecasts market size and growth for the global sterilization equipment and disinfectants market, sterilization equipment and disinfectants market share, sterilization equipment and disinfectants market players, sterilization equipment and disinfectants market segments and geographies, sterilization equipment and disinfectants market’s leading competitors’ revenues, profiles and market shares. The sterilization equipment and disinfectants market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.