Global Hospital Sterilization Device Growth Opportunities

Global Hospital Sterilization Device Growth Opportunities

Consumables and Services to Ensure Transformational Growth

RELEASE DATE
20-Dec-2023
REGION
North America
Deliverable Type
Market Research
Research Code: K92B-01-00-00-00
SKU: HC_2023_466
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$4,950.00
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SKU
HC_2023_466

Global Hospital Sterilization Device Growth Opportunities
Published on: 20-Dec-2023 | SKU: HC_2023_466

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Consumables and services will lead the global demand for sterilization devices because sterilization capital equipment growth is becoming saturated in developed economies. In developing economies, the growing number of healthcare facilities and the focus on reducing infections will boost the uptake of sterilization capital equipment, and consumables and services.

The global sterilization devices market is segmented into washer units (decontamination units), automatic endoscopic reprocessors (AERs), steam sterilization units, low-temperature units (EtO units, low-temperature steam formaldehyde, H2O2), and consumables and services. The geographic scope covers North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. This study covers market sizing in terms of value ($) and average prices ($ for sterilization capital equipment), competitive landscape, market drivers and restraints, trends, and growth opportunities.

The study scope is limited to sterilization devices and services within healthcare facilities. The focus on reducing hospital-acquired infections (HAIs) has ushered stronger sterilization methods to curtail costs. According to the US CDC, HAIs result in about $28.4 billion in direct costs and $12.4 billion in indirect social costs, such as deaths and loss of productivity, every year. Automation of the central sterile services department (CSSD) will bring about significant cost efficiencies, improved workflow, and optimization of resources for healthcare facilities. Automation is becoming a standard in developed economies, and developing economies offer greater growth opportunities. CSSD automation and the use of digital technologies in sterilization will boost revenue. The strong regulatory environment in the United States and Europe and sustainability goals will turn the focus on circular economy, responsible consumption, and re-use of medical devices.

Author: Vittal Bhaskar Rao

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Global Hospital Sterilization Devices Market

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Market Segmentation

Geographic Coverage

Growth Metrics

Growth Drivers

Growth in Surgeries Performed in ASCs

Consumables—The Largest Hospital Sterilization Device Segment

Services to Drive Growth of Hospital Sterilization Devices

Impact of Sustainability on Hospital Sterilization Devices Market Growth

CSSD Automation to be a Growth Driver for Companies Operating in the Hospital Sterilization Devices Market

Growth Restraints

Forecast Assumptions

Revenue Forecast

Revenue Forecast by Segment

Revenue Forecast by Region

Revenue Forecast Analysis

Average Price Forecast by Segment

Pricing Trends and Forecast Analysis

Competitive Environment

Key Competitors

Revenue Share

Revenue Share Analysis

Company Portfolio Mapping

Growth Metrics

Revenue Forecast

Revenue Forecast by Segment

Average Price Forecast by Segment

Forecast Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Segment

Average Price Forecast by Segment

Forecast Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Segment

Average Price Forecast by Segment

Forecast Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Segment

Average Price Forecast by Segment

Forecast Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Segment

Average Price Forecast by Segment

Forecast Analysis by Region

Growth Opportunity 1: Consumables and Services

Growth Opportunity 1: Consumables and Services (continued)

Growth Opportunity 2: Domestic Manufacturing

Growth Opportunity 2: Domestic Manufacturing (continued)

Growth Opportunity 3: Ambulatory Surgery Centers (ASCs)

Growth Opportunity 3: Ambulatory Surgery Centers (ASCs) (continued)

Growth Opportunity 4: CSSD Automation and Automated Endoscopy Reprocessors (AERs)

Growth Opportunity 4: CSSD Automation and Automated Endoscopy Reprocessors (AERs) (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

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Consumables and services will lead the global demand for sterilization devices because sterilization capital equipment growth is becoming saturated in developed economies. In developing economies, the growing number of healthcare facilities and the focus on reducing infections will boost the uptake of sterilization capital equipment, and consumables and services. The global sterilization devices market is segmented into washer units (decontamination units), automatic endoscopic reprocessors (AERs), steam sterilization units, low-temperature units (EtO units, low-temperature steam formaldehyde, H2O2), and consumables and services. The geographic scope covers North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. This study covers market sizing in terms of value ($) and average prices ($ for sterilization capital equipment), competitive landscape, market drivers and restraints, trends, and growth opportunities. The study scope is limited to sterilization devices and services within healthcare facilities. The focus on reducing hospital-acquired infections (HAIs) has ushered stronger sterilization methods to curtail costs. According to the US CDC, HAIs result in about $28.4 billion in direct costs and $12.4 billion in indirect social costs, such as deaths and loss of productivity, every year. Automation of the central sterile services department (CSSD) will bring about significant cost efficiencies, improved workflow, and optimization of resources for healthcare facilities. Automation is becoming a standard in developed economies, and developing economies offer greater growth opportunities. CSSD automation and the use of digital technologies in sterilization will boost revenue. The strong regulatory environment in the United States and Europe and sustainability goals will turn the focus on circular economy, responsible consumption, and re-use of medical devices. Author: Vittal Bhaskar Rao
More Information
Deliverable Type Market Research
Author Vittal Bhaskar Rao
Industries Healthcare
No Index No
Is Prebook No
Keyword 1 Hospital Sterilization Device Market Analysis
Keyword 2 Hospital Sterilization Technology Trends
Keyword 3 Sterilization Device Market Dynamics
Podcast No
WIP Number K92B-01-00-00-00