It is impossible to sterilize medical or scientific equipment in an autoclave. High-tech equipment that are complex and technologically sophisticated are sensitive and may have risk of being damaged when exposed to high temperatures and humidity. In order to preserve their properties, plasma gas-based sterilizers were developed. The global plasma sterilizers market is expected to grow at a CAGR of 10.7% during the forecast period of 2023-2031.
Covid Impact
Companies in the plasma sterilizers market have been investing in new technologies to expand their product ranges since the COVID-19 pandemic. The market players are focusing on manufacturing inert gas-based plasma sterilizers like nitrogen (NO2) and oxygen (O2) which is expected to create lucrative opportunities during the forecast period. More than 45 U.S. states reported an increase of COVID-19 hospitalizations in the mid of 2023. The increase in hospitalizations was associated with over 30% increase in the seven-day average infection rate and a 10% rise in COVID-19 death rates. The increase in hospitalizations causes more HAIs. Increased hospitalizations is serving as the compelling force for the demand of sterilization equipment and medical instruments.
Increasing HAIs Compelling the Need of Plasma Sterilizers
The value-added benefits of plasma sterilizers over traditional sterilization methods will drive global demand for them. Gas plasma sterilization using hydrogen peroxide facilitates sterilization at a lower temperature. This will likely drive the demand for hydrogen-peroxide plasma sterilizers to treat thermosensitive materials over the forecast period. The global plasma sterilizers market will be boosted by the increasing number of hospitals and clinics, ambulatory surgical centers, as well as healthcare organizations in developing nations. According to a National Center for Biotechnology Information article, 10 out of 100 patients admitted to hospitals in developing countries have hospital-acquired infection. These infections are associated with high mortality and morbidity. These complications include central line-associated bloodstream infections, catheter-associated urinary tract infections (UTIs), and ventilator-associated pneumonia (VAP). The most common bacteria associated with HAIs include C. difficile, methicillin-resistant Staphylococcus aureus (MRSA), Klebsiella, E. coli, Enterococcus, and Pseudomonas species. The global market for plasma sterilizers will continue to grow due to the rising incidence of HAIs around the globe.
Low temperature Sterilizer of 100L Capacity Leads the Market
The 100 L segment leads the contribution in terms of market revenues in 2021. This is due to higher adoption of sterilizers with chamber capacities among end-users such as hospitals and clinics, ambulatory surgical centers, and healthcare organisations.
In 2021, sterilization accounted for the largest percentage of the global market. This is due to an increase in HAIs, a rise in the number of surgeries performed and strict regulatory mandates for infection control.
A low-temperature sterilizer, the hydrogen peroxide sterilizer, is commonly used for sterilizing medical devices. Hydrogen peroxide-based low-temperature sterilization is a new sterilization technology for temperature-dependent medical devices. In 2021, the hydrogen peroxide segment held a significant market share. This trend is expected to continue for the remainder of the forecast period, due to the benefits of hydrogen peroxide plasma in low-temperature sterilization, such as no chemical residues and short aeration times, safe handling, safety for the environment, and easy maintenance.
North America Dominates the Market, While APAC Presents Opportunities
In 2021, North America was the dominant market for plasma sterilizers worldwide. The region's market growth can be attributed to technological advances in plasma sterilizers, the presence of leading players and an increase in demand for sterilization technology in the healthcare sector to reduce the incidence of HAIs. There has also been an increase in the number of surgeries performed. Other factors include adoption of new technologies as well as a solid healthcare infrastructure.
Asia Pacific's market is expected to be driven by a rise in the geriatric population, an increase in various diseases and government initiatives to reduce HAIs. The United Nations Population Fund (UNFPA) predicts that one in four Asian Pacific residents will be over 60 by 2050. Between 2010 and 2050, the population over 60 will double in this region to nearly 1.3 billion. These older people are more likely to get various diseases and may need hospitalization. The market is expected to grow during the forecast period. The market is expected to expand faster due to the growing demand for low-temperature plasma sterilizers to temperature sensitive instruments, and the rapidly expanding network of hospitals in APAC.
New Product Launches Remains as the Key Strategy
The global plasma sterilizers market 2020 - 2031 report provides vital information on key players in the market. To strengthen their market position, companies are now focusing on new product launches, divestiture and mergers & acquisitions (M&A), as well as partnerships. Johnson & Johnson Services, Inc., Antonio Matachana, S. A., ASP Global Manufacturing GmbH (Fortive Corporation), Cisa Production S.r.l. Unipersonale, Getinge AB, HUMAN MEDITEK CO., LTD., Steelco S.p.A., (MIELE Group), STERIS plc, Tuttnauer, (Fortissimo Capital), VitroSteril, (RBChimica), are just a few of the major players in the market.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Plasma Sterilizers market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Chamber Capacity
| |
Application
| |
Temperature
| |
Gas
| |
|
Region Segment (2022-2032; US$ Million)
|
Key questions answered in this report
