According to the recent 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 valued at USD 6.110 billion in 2019 and is expected to grow considerably over 2020-2025.
 

Increasing cases of chronic diseases, especially cardiovascular, neurological, and gastrointestinal ailments, along with booming elderly population vulnerable to such diseases are propelling global medical sterilization equipment market growth.
 

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Further, the Covid-19 pandemic has augmented market demand. Companies in this vertical are heavily investing in integrating advanced sterilization technologies in an attempt to provide superior quality, latest sterilization technologies service to hospitals amid rising infections worldwide.
 

As per mode of sterilization, high temperature segment is predicted to observe an uptrend over 2020-2025, owing to surging demand for such sterilization equipment in hospitals as these offer faster and efficient turnaround cycle than their counterparts.
 

With respect to end-user scope, pharmaceuticals segment is expected to gain traction through 2025. This can be ascribed to the high demand for sterilization equipment from the pharma industry to assure effectiveness of the final drug product. Moreover, growing efforts of companies to develop effective sterilizers against the Covid-19 virus are accelerating the segmental expansion.
 

Meanwhile, hospitals segment is expected to significantly add to worldwide medical sterilization equipment industry value over the next four years, with surging cases of healthcare associated infection across the globe.
 

Coming to regional landscape, prominent regions profiled in the market report are Europe, North America, Middle East & Africa, and Asia Pacific. The report states that increasing per capita healthcare expenditure in developed regions like Europe and North America are boosting the market for sterilization equipment. Although, Middle East & Africa and Asia Pacific account for comparatively less share of the industry, they are projected to showcase strong CAGR during the assessment period.
 

Top companies playing a significant role in global medical sterilization equipment market development are MMM Group, Sterigenics International Inc., Andersen Products Inc., Belimed AG, Advanced Sterilization Products Services Inc., Cantel Medical Corporation, 3M Company, Getinge Group, TSO3 Inc., and Steris plc.