Sterilization Equipment And Disinfectants Market Definition
The sterilization equipment and disinfectants market consists of sales of sterilization equipment and disinfectants by entities (organizations, sole traders and partnerships) that produce sterilization equipment and disinfectants, which are used in the decontamination of microorganisms from equipment and supplies. The manufactures of sterilization equipment and disinfectants are primarily engaged in manufacturing equipment which is used for decontamination by physical, chemical and mechanical methods by hospital and clinics, clinical laboratories, pharmaceutical companies, food and beverage industry and households.
Sterilization Equipment And Disinfectants Market Size
The global sterilization equipment and disinfectants market reached a value of nearly $7,142.3 million in 2019, having increased at a compound annual growth rate (CAGR) of 5.9% since 2015. The market is expected to increase from $7,142.3 million in 2019 to $8,049.3 million in 2020 at a compound annual growth rate (CAGR) of 12.7%. The increase is mainly due to increase use of sterilization and disinfectants to combat COVID-19 pandemic across all countries in the world. The market is expected to grow at a CAGR of 6.95% from 2021 and reach $9,846.9 million in 2023.
Growth in the historic period resulted from rapid growth in the elderly population, economic growth in emerging markets, favorable government legislations and increased healthcare spending, and increased number of surgical procedures. Factors that negatively affected growth in the historic period were high prices of sterilization equipment and closure of sterilization facilities using ethylene oxide gas.
Going forward, demand for sterilization equipment and disinfectants due to COVID-19, demand for critical care equipment due to COVID-19, relaxation in government regulations, and increasing prevalence of chronic diseases will drive the market for sterilization equipment and disinfectants. Factors that could hinder the growth of the sterilization equipment and disinfectants market in the future include decrease in aesthetic procedures, and geopolitical tensions.
Sterilization Equipment And Disinfectants Market Drivers
The key drivers of the sterilization equipment and disinfectants market include:
Demand For Sterilization Equipment And Disinfectants Due To COVID-19
The rising spread of COVID-19 pandemic increased the demand for sterilization equipment and disinfectant which is expected to drive the sterilization equipment and disinfectants market during the forecast period. COVID-19 is a highly infectious disease and therefore frequent decontamination and disinfection of the medical device products have become an important aspect during this pandemic situation. Ethylene oxide (EtO) sterilization method plays an important role in the battle against COVID-19. EtO sterilization is a?cold sterilization process?and most suitable for medical devices that cannot withstand the high temperatures such as syringes, gowns, gloves, catheters, products with plastic tubing, respiratory devices, and masks. In the US, there were closures of some ethylene oxide gas sterilization facilities due to its safety concerns posed by the local residents as the exposure to this gas leads to cancer and neurological conditions. But due to increase in COVID-19 infected personal, the ethylene oxide gas sterilization facilities are reopened in 2020. For instance, in May 2020, US Food and Drug Administration (FDA)?asked the governor of Georgia to reopen the medical device?EtO sterilization plants?to start the sterilizing process of essential PPE products that includes gowns, respiratory devices, masks and gloves, indispensable for the hospitals to respond to the COVID-19 pandemic.
Sterilization Equipment And Disinfectants Market Restraints
The key restraints on the sterilization equipment and disinfectants market include:
Decrease In Aesthetic Procedures Due To COVID-19
Decrease in aesthetic procedures due to COVID-19 is expected to restrain the growth of the sterilization equipment and disinfectants market during the forecast period. Aesthetic procedures such as breast implantation, lipoplasty, hair transplantation, laser hair removal, non-essential dental procedures and other similar treatment are declined due to increase in COVID-19. For instance, in June 2020, NHS hospitals in the UK have suspended all non-urgent aesthetic surgeries for around three months in an attempt to free-up resources for the COVID-19 treatment. Similarly, in US, the federal government and the American College of Surgeons have advised the country’s hospitals and clinics to postpone all types of aesthetic procedures. Decrease in aesthetic procedures will decrease the demand for sterilization equipment, hence hindering the growth of the market during the period.
Sterilization Equipment And Disinfectants Market Trends
Major trends influencing the sterilization equipment and disinfectants market include:
Increased Focus On Cleanliness
Due to the COVID-19 pandemic, there is increased focus on cleanliness and this is emerging as a major trend in the sterilization equipment and disinfectants market. In households, people are regularly cleaning and sanitizing frequently touched surfaces such as tables, doorknobs, light switches, handles, desks, toilets, faucets, sinks, and electronics with household cleaners and disinfectants. Also, in government and private offices, the focus is on hygiene for employee safety. In most countries across the world, lockdown measures have been eased down so companies are making sure that enhanced safety and sanitisation protocols are maintained at their offices as employees are returning to work. For instance, in India, corporates such as L’Oreal, Salesforce, RPG Group, Panasonic Life Solutions and Flipkart are doubling down on hygiene for employee safety, though there is jump in housekeeping costs of 30-60%.
Innovative Eco-Friendly Disinfectants
Disinfectants manufacturers companies are continuously investing in research and development of an eco-friendly disinfectant which is a major trend in the sterilization equipment and disinfectants market. Disinfectants usually consist of liquid chemicals that are derived from alcohols, aldehydes, ammonium compounds, oxidizing agents and phenolics which can build up levels of toxic chemicals while killing germs from surfaces and equipment. For instance, in February 2020, a Chilean startup BM iTek developed disinfectant Dacetix, which is made with eco-friendly compounds and is safe to use on plants, fruits and vegetables.
Opportunities And Recommendations In The Sterilization Equipment And Disinfectants Market
Opportunities – The top opportunities in the sterilization equipment and disinfectants market segmented by product type will arise in the disinfectants market segment, which will gain $1,385.0 million of global annual sales by 2023. The top opportunities in the sterilization equipment and disinfectants market segmented by method will arise in the chemical method segment, which will gain $1.654.6 million of global annual sales by 2023. The top opportunities in the sterilization equipment and disinfectants market segmented by end-user will arise in the hospitals and clinics segment, which will gain $2,302.9 million of global annual sales by 2023.The sterilization equipment and disinfectants market size will gain the most in the USA at $403.4 million.
Market-trend-based strategies for sterilization equipment and disinfectants market include producing more cleaning and disinfecting products in order to meet increased demand, investing in eco-friendly disinfectants in order to protect the environment from chemical-based products, should consider working collaboratively to help society during this pandemic, consider implementing new liquid chemical sterilization systems to increase the efficiency and quality of the sterilization process, implementing electron beam technology to expedite the sterilization process and improve their productivity, implementing low temperature hydrogen peroxide plasma sterilization technologies to increase the efficiency of the sterilization process, and focus on developing innovative products in order to remain competitive in the market.
Recommendations – To take advantage of the opportunities, the business research company recommends the sterilization equipment’s and disinfectants companies to develop electron beam sterilization technology, manufacturer eco-friendly disinfectants and cleaning products, offer competitive pricing, invest in emerging markets, leverage social media platforms to promote their products, direct marketing, post purchase services and to focus on hospitals and other healthcare institutions.
Sterilization Equipment And Disinfectants Market Segmentation
The Sterilization Equipment and Disinfectants market is segmented by type of products, by method, by by end-user and by geography.?
By Type Of Products-
The sterilization equipment and disinfectants market can be segmented by type of products
- a. Sterilization Equipment
- b. Disinfectants
The disinfectants market was the largest segment of the sterilization equipment and disinfectants market segmented by product type, accounting for 54.4% of the total in 2019. Going forward sterilization equipment segment is expected to be the fastest growing segment in the sterilization equipment and disinfectants market, at a CAGR of 8.9%.
By Method –
The sterilization equipment and disinfectants market can be segmented by method
- a. Physical Method
- b. Chemical Method
- c. Mechanical Method
The chemical method segment was the largest segment of the sterilization equipment and disinfectants market segmented by method, accounting for 63.0% of the total in 2019. Going forward, physical method segment is expected to be the fastest growing segment in the sterilization equipment and disinfectants market, at a CAGR of 6.02%.
By End-User
The sterilization equipment and disinfectants market are segmented by end-use into
- a. Hospitals And Clinics
- b. Clinical Laboratories
- c. Pharmaceutical Companies
- d. Other Industries
- e. Non-Industrial Use
The hospitals and clinics segment was the largest segment of the sterilization equipment and disinfectants market segmented by end-user, accounting for 79.3% of the total in 2019. Going forward, pharmaceuticals companies is expected to be the fastest growing segment in the sterilization equipment and disinfectants market, at a CAGR of 7.4%.
By Geography-
The sterilization equipment and disinfectants market is segmented into
- o North America
- o Western Europe
- o Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- South Korea
- o Eastern Europe
- o South America
- o Middle East
- o Africa
Asia Pacific was the largest region in the global sterilization equipment and disinfectants market, accounting for 28.5% of the total in 2019. It was followed by North America, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the sterilization equipment and disinfectants market will be Africa, and South America, where growth will be at CAGRs of 8.84% and 8.78% respectively. These will be followed by Asia Pacific, and Eastern Europe, where the markets are expected to grow at CAGRs of 6.62% and 5.51% respectively.
Sterilization Equipment And Disinfectants Competitive Landscape
Major Competitors are:
- • Getinge AB
- • Belimed AG
- • Advanced Sterilization Products
- • Steris Corporation
- • Cantel Medical Corporation
Other Competitors Include:
- • Sotera Health LLC
- • 3M Company
- • SHINVA MEDICAL INSTRUMENT CO., LTD
- • Tuttnauer
- • CISA Production Srl
- • Sterility Equipment India Private Limited
- • Stericox Sterilizer Systems India
- • Udono Limited
- • Xi’an Sterilization Equipment Manufacturing Co., Ltd.
- • J&J Medical Pty. Ltd.
- • Jiangyin Binjiang Medical Equipment Co., Ltd.
- • Jiangsu Wanchuang Sterilization Equipment Technology Co., Ltd.
- • Work Solution Co., Ltd.
- • SAKURA SEIKI Co., Ltd.
- • J Ecoloab Inc.
- • MMM Group
- • Matachana
- • Systec GmbH
- • Merck KGaA
- • Sartorius AG
- • Reckitt Benckiser Group plc
- • The Clorox Company
- • Steris Corporation
- • Ecolab Inc.
- • Stryker
- • Becton Dickinson
- • S C Johnson
- • Better Life
- • Mrs. Meyers
- • Spic and Span
- • Barbicide
- • Touch Land
- • 4e Global
- • Vim
- • Microban
- • Benefect
- • Kimberly-Clark
- • Procter & Gamble Co.
- • Zep, Inc.
- • Noxilizer, Inc.
- • E-BEAM Services, Inc.
- • Cosmed Group, Inc.
- • Andersen Products, Inc.
- • Life Science Outsourcing, Inc
- • Continental Equipment Company
- • Midwest Sterilization Corporation
