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Market Overview of Global Low Temperature Sterilization Equipment market:
According to our latest research, the global Low Temperature Sterilization Equipment market looks promising in the next 5 years. As of 2022, the global Low Temperature Sterilization Equipment market was estimated at USD 889.93 million, and it's anticipated to reach USD 1381.87 million in 2028, with a CAGR of 7.61% during the forecast years.
Impact on demand
On the one hand, the proportion of disinfection and sterilization in hospitals, clinics, and outpatient surgery centers is higher than normal. These units have increased their attention to hygiene and cleanliness and used low-temperature sterilization technology to sterilize hospital respirators and other equipment. Prevent the increase in the incidence of Covid-19 due to improper disinfection of surgical instruments, endoscopic equipment, respiratory care equipment and reusable hemodialysis machines. This has increased the demand for sterilization consumables to ensure the correct sterilization of medical equipment, which has a certain driving effect on the global low-temperature sterilization equipment market.
On the other hand, although the epidemic has led to a surge in demand for drugs related to respiratory diseases, due to blockades and transportation bans in various countries, pharmaceutical companies are facing short-term raw materials and short-term drug production interruptions. Therefore, during the epidemic, the demand for sterilization equipment by pharmaceutical companies, one of the end users of low-temperature sterilization equipment, has declined.
Impact on the supply chain
Due to the outbreak and spread of the epidemic, blockades, travel and transportation bans in various countries have caused damage to the supply chain of low-temperature sterilization manufacturers. On the one hand, cross-border trade and commodity import and export are hindered, and the transportation costs of raw materials and parts have increased or even been interrupted. This has a more significant impact on companies that rely on imports of materials. On the other hand, the epidemic has affected people's normal commuting and health, resulting in insufficient labor for manufacturers and rising labor costs. Therefore, the epidemic has a great impact on the supply chain of enterprises, and it is even more serious for small and medium-sized enterprises, which has brought unfavorable factors to the development of the global low-temperature sterilization equipment industry.
Strength
Low temperature sterilization can sterilize complex, sophisticated and expensive instruments that cannot withstand high temperatures and high pressures.
Downstream users have an increasing preference for low-temperature sterilization.
The government attaches great importance to the sterile environment in the medical and pharmaceutical industries.
Weakness
The harmfulness of certain sterilization agents
Competition in the market is getting fiercer.
Opportunities
The number of surgeries requiring high-intensity infection prevention and control continues to increase.
Increasing prevalence of chronic diseases.
The growing demand for non-disposable medical devices in emerging economies and the increasing awareness of people's hygiene
Threat
Strict government regulations.
Shortage of equipment operation technicians
Region Overview:
In 2021, the share of the Low Temperature Sterilization Equipment market in North America stood at 37.23%.
Company Overview:
Advanced Sterilization Products (ASP) is one of the major players operating in the Low Temperature Sterilization Equipment market, holding a share of 19.68% in 2022.
Advanced Sterilization Products (ASP)
ASP is a leader in the field of infection prevention, committed to creating the products, solutions and processes needed by practitioners to protect patients at their most critical moments. ASP is committed to continuously advancing the infection prevention technology that medical care relies on. With advanced medical sterilization and disinfection products, technologies and workflows, ASP is committed to defending the lives of patients, families, medical staff, providers and communities.
Belimed
Belimed is a leading supplier of sterilization, disinfection and cleaning products and services for medical and surgical instruments. Belimed is composed of five business units: infection control, medical equipment, wire processing, technology clusters and infrastructure, and others. Belimed's complete aseptic workflow solutions include planning and design, market-leading equipment, consumables, services, data connectivity, education and training.
Segmentation Overview:
Among different product types, Ethylene Oxide Sterilization segment is anticipated to contribute the largest market share in 2027.
Vaporized Hydrogen Peroxide (VHP)
Vaporized Hydrogen Peroxide (VHP) is a broad-spectrum antibacterial agent with the functions of virucidal, bactericidal, fungicidal and sporicidal activity. VHP is a deep-vacuum low-temperature steam process traditionally used to sterilize reusable medical equipment in patient care facilities. The advantages of VHP include fast cycle times, low temperatures, environmentally safe by-products, relatively good material compatibility, and ease of operation, installation, and monitoring.
Nitrogen Dioxide (NO2)
Nitrogen dioxide (NO2) gas is a fast and effective bactericide that can be used to combat many microorganisms. The bactericidal mechanism of NO2 has been identified as a single-strand break in DNA. The NO 2 sterilization process has been validated and can be used for terminal sterilization of medical devices using a typical sterilization chamber-based system. The NO 2 process has unique advantages that other sterilization gases do not have. These advantages include operating at room temperature, relatively low biocide concentration, rapid biocide activity, and minimal biocide residues on processed products.
Chlorine Dioxide (CLO2)
Chlorine dioxide can be used as an oxidant or disinfectant. It is a very strong oxidant, which can effectively kill pathogenic microorganisms such as fungi, bacteria and viruses. It can also prevent and remove biofilms. Due to its unique qualities, chlorine dioxide can work even at low concentrations. Therefore, chlorine dioxide gas is used to disinfect medical and laboratory equipment, surfaces, rooms and tools.
Oxygen
Plasma is an innovative sterilization method, which is characterized by low toxicity to operators and patients, and its operating temperature is close to room temperature. Both oxygen and a mixture of oxygen and hydrogen peroxide can be used as the plasma source gas. The antibacterial mechanism of oxygen-based gas plasma may be due to the etching effect on microbial structures, especially bacterial endospores that cause shrinkage.
Steam Sterilization (Dry & Moist)
Low-temperature steam sterilization is to use physical methods to kill all living microorganisms. The principle of low-temperature steam sterilization is to feed steam into a pre-evacuated pressure cooker. The temperature depends on the pressure, and the temperature of the steam in the pressure cooker can be precisely controlled by controlling the pressure in the pressure cooker. Low-pressure and low-temperature steam has a greater disinfection effect than water at the same temperature. This is because the steam releases latent heat when it condenses, which enhances the disinfection effect.
Supercritical Carbon Dioxide (Scco2)
Supercritical carbon dioxide (scCO2) refers to carbon dioxide that is in a fluid state when its temperature and pressure are equal to or greater than the critical point. scCO2 is non-toxic, has little impact on the environment, and is a powerful solvent. ScCO2 sterilization can achieve complete inactivation of bacteria, viruses, fungi, and yeast pathogens. Sterilization using supercritical carbon dioxide has emerged as a green and sustainable technology that can achieve the level of sterility required by regulations without changing the original characteristics of even highly sensitive materials.
Vaporized Peracetic Acid (VPA)
Vaporized Peracetic Acid (VPA) sterilization is an alternative to gas plasma. In VPA, peracetic acid produced by the reaction of acetic acid with hydrogen peroxide acts as a strong oxidant, which is believed to denature proteins and oxidize sulfur bonds. It can also break down the cell walls of bacteria. VPA's non-toxic, aseptic processing solution does not leave any harmful residues, not only provides a safer working environment for employees but also provides safer products for patients.
Ethylene Oxide Sterilization
Ethylene oxide is a broad-spectrum sterilant that can kill various microorganisms at room temperature, including spores, tuberculosis, bacteria, viruses, fungi, etc. Ethylene oxide sterilization device is key equipment for manufacturers of single-use sterile medical devices. There are special requirements for installation, operation, and user management. The advantages include the ability to penetrate and sterilize irregular objects and can be used to sterilize items that cannot be soaked with disinfectant, dry heat, pressure, steam and other chemical gases.
Application Overview:
In the Low Temperature Sterilization Equipment market, 35.38% of the total value was generated through the Hospitals segment by application in 2021.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Low Temperature Sterilization Equipment market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Low Temperature Sterilization Equipment Market Report:
Market Size Estimates: Low Temperature Sterilization Equipment market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Low Temperature Sterilization Equipment market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Low Temperature Sterilization Equipment market
Segment Market Analysis: Low Temperature Sterilization Equipment market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Low Temperature Sterilization Equipment market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Low Temperature Sterilization Equipment Market: Revenue and sales volume of major countries in each region
Low Temperature Sterilization Equipment Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Low Temperature Sterilization Equipment market in major regions.
Low Temperature Sterilization Equipment Industry Value Chain: Low Temperature Sterilization Equipment market raw materials & suppliers, manufacturing process, distributors, downstream customers
Low Temperature Sterilization Equipment Industry News, Policies & Regulations
Key players in the global Low Temperature Sterilization Equipment market are covered in Chapter 12:
Matachana
Belimed
Tuttnauer
MedTeco
Stryker
MMM Group
Steris
Getinge
3M
Anderson Products
Advanced Sterilization Products (ASP)
In Chapter 2 and Chapter 15.1, based on types, the Low Temperature Sterilization Equipment market from 2018 to 2028 is primarily split into:
Vaporized Hydrogen Peroxide (VHP)
Nitrogen Dioxide (NO2)
Chlorine Dioxide (CLO2)
Oxygen
Steam Sterilization (Dry & Moist)
Supercritical Carbon Dioxide (Scco2)
Vaporized Peracetic Acid (VPA)
In Chapter 3 and Chapter 15.2, based on applications, the Low Temperature Sterilization Equipment market from 2018 to 2028 covers:
Hospitals
Clinics
Ambulatory Surgical Centers
Pharmaceutical Companies
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Low Temperature Sterilization Equipment market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028