According to the research report titled ‘Global Medical Sterilization Equipment Market - Analysis By Mode of Sterilization (High Temperature, Low Temperature, Radiation, Others), Service, End-User, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report, global medical sterilization equipment market was assessed at USD 6.11 billion in 2019 and is anticipated to record significant expansion between 2020-2025.
 

High demand from pharmaceutical industry to ensure purity & efficacy of final drug product, in consort with surging incidences of chronic diseases, cardiological & neurological ailments, and gastrointestinal disorders, and increasing elderly populace are key factors that will spur global medical sterilization market growth in the upcoming years. Furthermore, rising instances of healthcare associated infections (HAIs) will stimulate the demand for medical sterilization equipment.
 

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Moreover, leading companies are investing large amounts of money to develop modern sterilization technologies and offer high quality products to hospitals amid the rapid spread of coronavirus worldwide. Above mentioned factor, along with the new trend of partially outsourcing sterilization services will also facilitate industry expansion over the analysis timeframe.
 

Furthermore, the covid-19 situation will encourage the pharmaceutical companies to manufacture more effective sterilizers by collaborating with healthcare workers and understanding their demands, thereby boosting worldwide medical sterilization equipment industry size.
 

Based on mode of sterilization, global medical sterilization equipment market is bifurcated into radiation, high temperature sterilization, low temperature sterilization, and others. Among these, high temperature sterilization segment is speculated to expand rapidly through 2025, owing to efficient and comparatively faster turnaround cycle.
 

Speaking of service type, the industry is divided into in-house sterilization, and contract sterilization. Moving on to end user spectrum, the market space is segregated into hospitals, and pharmaceuticals among others.
 

Regionally speaking, North America and Europe captured majority of the global medical sterilization equipment market share in the past years, owing to rising per capita healthcare expenditure. Meanwhile, Middle East & Africa and Asia Pacific markets are projected to showcase considerable growth between 2020-2025.
 

Key players profiled in the worldwide medical sterilization equipment market report are MMM Group, Belimed AG, Steris Corporation, Sterigenics International Inc., TSO3 Inc., Cantel Medical Corporation, Andersen Products Ltd., Getinge Group, Advanced Sterilization Products Inc., and 3M Company.