Medical Design and Outsourcing

  • Home
  • Medical Device Business
    • Mergers & Acquisitions
    • Financial
    • Regulatory
  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
  • Technologies
    • Contract Manufacturing
    • Components
    • Electronics
    • Extrusions
    • Materials
    • Motion Control
    • Prototyping
    • Pumps
    • Tubing
  • Med Tech Resources
    • DeviceTalks Tuesdays
    • Digital Editions
    • eBooks
    • Manufacturer Search
    • Medical Device Handbook
    • MedTech 100 Index
    • Podcasts
    • Print Subscription
    • The Big 100
    • Webinars / Digital Events
    • Whitepapers
    • Video
  • 2022 Leadership in MedTech
    • 2022 Leadership Voting!
    • 2021 Winners
    • 2020 Winners
  • Women in Medtech

Improving technology will drive sterilization capital equipment market to $840 million by 2022, says GlobalData

August 17, 2016 By Abigail Esposito

sterilization

The sterilization capital equipment space across the 10 major markets of the U.S., France, Germany, Italy, Spain, the UK, Japan, Brazil, China and India is set to grow from around $663 million in 2015 to just under $840 million by 2022, according to research and consulting firm GlobalData. Image source: qtspackage.com

The sterilization capital equipment space across the 10 major markets of the U.S., France, Germany, Italy, Spain, the UK, Japan, Brazil, China and India is set to grow from around $663 million in 2015 to just under $840 million by 2022, according to research and consulting firm GlobalData.

The company’s latest report states that this growth, which represents a steady compound annual growth rate of 3.42%, will to a large degree be driven by technological advances which are able to save some of the time and costs associated with sterilizing medical equipment.

“With the growth of elderly populations and an increase in minimally invasive procedures, the need for medical instruments to be reprocessed grows rapidly, which leads to the rising demand for sterilization equipment,” said Tina Deng, MSc, GlobalData’s Analyst covering medical devices.

In terms of product advancements, new sterilizers offer greatly improved efficiency and are able to reduce operators’ workload. Continued improvements in low-temperature sterilizers have resulted in reduced processing times and expanded capabilities for instrument reprocessing, while optimized control systems offer faster turnaround and economical operation.

Physical sterilizers to conduct steam sterilization dominate the market, due to their effective microbicidal features, strong penetration, fast cycle time and affordable price. With the development of complex surgical instruments, more heat- and moisture-sensitive devices have been used in surgical procedures. Consequently, chemical sterilizers using low-temperature sterilization technology have consistently gained acceptance.

“The largest and most dynamic companies in the sterilization equipment market offer comprehensive portfolios of physical sterilizers, chemical sterilizers, and associated accessories and consumables,” said Deng. “Getinge and Steris became market leaders by offering a variety of products with extensive feature sets in a different area.”

“Other companies, including 3M, ASP, Andersen, Matachana, Baumer, Belimed, BMM Weston, Miura, LTE Scientific, MMM, Tuttnauer and Tso3, have remained innovative in order to compete with larger manufacturers,” said Deng.

GlobalData
globaldata.com

Related Articles Read More >

Unsplash image of person typing health information into laptop with stethoscope on table
How safe is health information after the overturning of Roe?
Picture of SCOTUS Supreme Court building in Washington
How medical device companies are responding to abortion bans
Philips
Philips updates on testing results for recalled ventilators
A portrait of Proximie CEO Nadine Hachach-Haram
They said it at DeviceTalks Boston

DeviceTalks Weekly.

June 24, 2022
How innovative design, commercial strategy is building Cala Trio’s bioelectronic medicine market
See More >

MDO Digital Edition

Digital Edition

Subscribe to Medical Design & Outsourcing. Bookmark, share and interact with the leading medical design engineering magazine today.

MEDTECH 100 INDEX

Medtech 100 logo
Market Summary > Current Price
The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.
DeviceTalks

DeviceTalks is a conversation among medical technology leaders. It's events, podcasts, webinars and one-on-one exchanges of ideas & insights.

DeviceTalks

New MedTech Resource

Medical Tubing

Enewsletter Subscriptions

Enewsletter Subscriptions

MassDevice

Mass Device

The Medical Device Business Journal. MassDevice is the leading medical device news business journal telling the stories of the devices that save lives.

Visit Website
MDO ad
Medical Design and Outsourcing
  • MassDevice
  • DeviceTalks
  • MedTech 100 Index
  • Medical Tubing + Extrusion
  • Drug Delivery Business News
  • Drug Discovery & Development
  • Pharmaceutical Processing World
  • R&D World
  • About Us/Contact
  • Advertise With Us
  • Subscribe to Print Magazine
  • Subscribe to E-newsletter
  • Attend our Monthly Webinars
  • Listen to our Weekly Podcasts
  • Join our DeviceTalks Tuesdays Discussion

Copyright © 2022 WTWH Media, LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media LLC. Site Map | Privacy Policy | RSS

Search Medical Design & Outsourcing

  • Home
  • Medical Device Business
    • Mergers & Acquisitions
    • Financial
    • Regulatory
  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
  • Technologies
    • Contract Manufacturing
    • Components
    • Electronics
    • Extrusions
    • Materials
    • Motion Control
    • Prototyping
    • Pumps
    • Tubing
  • Med Tech Resources
    • DeviceTalks Tuesdays
    • Digital Editions
    • eBooks
    • Manufacturer Search
    • Medical Device Handbook
    • MedTech 100 Index
    • Podcasts
    • Print Subscription
    • The Big 100
    • Webinars / Digital Events
    • Whitepapers
    • Video
  • 2022 Leadership in MedTech
    • 2022 Leadership Voting!
    • 2021 Winners
    • 2020 Winners
  • Women in Medtech