The global
sterilization market is poised to grow by USD 2.08 billion during
2020-2024, progressing at a CAGR of almost 7% during the forecast period.
The market is driven by the high prevalence of hospital-acquired
infections. In addition, the advances in sterilization technology are
anticipated to boost the growth of the sterilization market.
The major causes of mortality and morbidity in healthcare settings are
hospital-acquired infections (HAIs). 3.2% of patients develop at least one
hospital-acquired infection each day in the US as per the CDC. Some of the
causative agents of HAI include bacteria, fungus, and viruses.
Ventilator-associated pneumonia, bloodstream infections, urinary tract
infection, and surgical site infections are some of the common types of
hospital-acquired infections. As a result, healthcare providers are taking
precautionary measures to reduce the incidence of hospital-acquired infections
and ensure the safety of patients. As a result, they are adopting advanced
sterilization technologies. Thus, the high prevalence of hospital-acquired
infections will boost the growth of the sterilization market during the
forecast period.
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Major Five Sterilization Market Companies:
3M Co.
3M Co. operates the business under various segments such as Industrial,
Safety and Graphics, Health Care, Electronics and Energy, and Consumer. The
company offers a portfolio of sterilization solutions through its brand name,
3M Attest.
Becton, Dickinson and Co.
Becton, Dickinson and Co. offers products such as BD Medical, BD Life
Sciences, and BD Interventional. The company also provides Genesis, which is a
sterilization container system used for valuable instruments.
Belimed AG
Belimed AG operates under various business segments, namely Medical,
Life science, and Equipment planning. The company offers a product line of
sterilizers to cater to the growing needs of the pharmaceutical and
biotechnological industries.
bioMérieux SA
bioMérieux SA provides microbiology technology for services in clinical
and industrial laboratories and detection of genetic sequences. The company
also provides traditional sterile pharma solutions for water testing,
environmental monitoring, endotoxin testing and services, and more.
Cantel Medical Corp.
Cantel Medical Corp. offers products through the following business
segments: Medical, Life Sciences, Dental, and Dialysis. The company provides
sterilization services through the Revox Sterilization Solutions business unit.
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