According to the latest report from Reports and Data, the global Low-Temperature Sterilizers Market was valued at USD 8.00 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 10.1% during the forecast period.
The increased prevalence of healthcare-associated infections (HAIs) related to medical equipment, such as ventilators and catheters, has led to a surge in demand for Low-Temperature Sterilizers. For instance, according to the Centers for Disease Control and Prevention (CDC), HAIs cause an estimated 1.7 million infections and 99,000 deaths per year, with urinary tract infections accounting for 32% of all HAIs.
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The demand for Low-Temperature Sterilizers is being driven by various industries such as food and beverage, pharmaceutical, and regenerative medicine manufacturing. Hitachi Zosen Corporation is among the companies that offer a wide range of sterilization systems for disinfecting equipment and containers.
This growth in demand is expected to contribute to the market's revenue growth in the coming years. The Low-Temperature Sterilizers market is divided into four categories, including low-temperature sterilizers, sterile membrane filters, radiation sterilization devices, and Low-Temperature Sterilizers.
The low-temperature sterilizers segment is predicted to have the highest revenue share, with ethylene oxide sterilizers being commonly used in healthcare institutions in the US. North America is expected to dominate the market in terms of revenue due to the increasing incidence of healthcare-associated infections (HAIs) and the presence of major manufacturers in the region. According to the CDC, there has been an increase in infections such as Ventilator-Associated Pneumonia (VAP), which is likely to further boost the demand for Low-Temperature Sterilizers and drive revenue growth in this region in the forecast period.
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Some of the prominent companies operating in the Low-Temperature Sterilizers market include STERIS, Sterigenics U.S., LLC. (Sotera Health company), E-BEAM Services, Inc., Fortive, Stryker, Andersen Sterilizers, Systec GmbH Co. KG, Midwest Sterilization Corporation, Celitron Medical Technologies Kft, and Cosmed Group. STERIS acquired Cantel Medical in June 2021 to expand its products and services globally.
The market report segments the global Low-Temperature Sterilizers industry based on product outlook, end-use outlook, and regional outlook. The product outlook includes Low-Temperature Sterilizers, low-temperature sterilizers (ethylene oxide sterilizers, hydrogen peroxide sterilizers, and others), sterile membrane filters, and radiation sterilization devices (electron beams, gamma rays, and others). The end-use outlook includes pharmaceuticals, hospitals clinics, and food beverage (FB). The regional outlook covers North America, Europe, Asia-Pacific, Latin America, and the Middle East Africa.
Overall, the global Low-Temperature Sterilizers market is projected to grow significantly in the forecast period due to the increasing demand for Low-Temperature Sterilizers in healthcare and food industries to combat HAIs and other microorganisms.
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