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Sterilization Containers Market Size Worth USD 389.5 Million by 2029, at 2.9% CAGR | Report by Fortune Business Insights

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According to Fortune Business Insights, Sterilization Containers Market to Reach USD 389.5 Million by 2029; Rise in Prevalence of Life-Threatening Diseases and Infections Acquired from Hospitals to Push Market Growth

Pune, India, March 30, 2023 (GLOBE NEWSWIRE) — The global sterilization containers market size was valued at USD 312.2 million in 2021 and is projected to reach a valuation of USD 319.8 million in 2022. The market is expected to reach USD 389.5 million by 2029 with a CAGR of 2.9% during the forecast period. Sterilization containers help in the packaging, sterilization, transportation, and storage of medical equipment. They offer various advantages such as rigid structure, longer lifespan, and reusability. The rise in the prevalence of life-threatening diseases and infections acquired from hospitals is set to propel market development. Fortune Business Insights™ shares this information in its report titled “Sterilization Containers Market, 2022-2029.”

Key Industry Development

  • Medline Industries, LP announced its partnership with the U.S.-based Bryan Health for the simplification of supply chain operations of essential medical supplies, which also include sterilization containers.
  • Case Medical received the FDA 510k approval for its SteriTite Universal Container System. This system is used to enclose instrument sets & medical devices during sterilization, transport, and storage.


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Report Scope

Report CoverageDetails
Forecast Period2022 to 2029
Forecast Period 2022 to 2029 CAGR2.9%
2029 Value ProjectionUSD 389.5 Million
Base Year2021
Market Size in 2022USD 319.8 Million
Historical Data for2019 to 2021
No. of Pages130

Key Takeaways

  • Through the Medline Post-Acute Care Infection Prevention Program, Medline Industries, LP and Inspire Specialty Hospital provided clinical instruction and goods like sterilisation containers.
  • Aesculap Inc. collaborated with Ascendco Health (U.S.) to provide perioperative workflow solutions using the latter company’s unique technology, offering a creative approach to the modernization of surgical procedures.
  • The Danish innovators Caretag Surgical and KLS Martin Group have unveiled a new partnership to introduce RFID technology to surgical equipment, including sterilisation containers.
  • Up to 90% of the waste produced by operating rooms is improperly sorted and sent for expensive and unnecessary hazardous refuse processing.

Drivers and Restraints

Instances of Hospital-Acquired Infections and Surgical Procedures to Propel the Demand for the Product

Rising instances of hospital-acquired infections and surgical procedures are anticipated to drive the sterilization containers market growth. There has been a rise in chronic and infectious disease, which is increasing the number of hospital admissions. This increase in the number of hospital admissions is due to rising incidences of hospital-acquired infections. The serious issues surrounding the usage of unsterile equipment highlight the importance of effective infection control in hospitals. The number of surgical procedures across the globe is also increasing every year.
However, the usage of alternative sterilization products is expected to limit the market growth.


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Regional Insights

North America to Lead Market Share with Increasing Number of Surgical Procedures

North America is expected to have a high part in the sterilization containers market share due to increasing number of surgical procedures. The region dominated the market in 2021 with the valuation of USD 109.3 million. It has a huge presence of advanced healthcare infrastructure.

Asia Pacific market is expected to have fastest growth due to increase in healthcare expenditure and enhancement of healthcare policies across different countries, leading to improved product adoption.
Latin America and the Middle East & Africa are to set have a moderate CAGR due to high number of hospital-acquired infections and increasing awareness regarding sterilization of medical instruments.
Segments

Perforated to Lead Owing to Various Advantages

On the basis of type, the market is divided into perforated and non-perforated. Perforated segment held the largest share in 2021 due to advantages such as less time and limited requirement. Non-perforated segment is expected to experience a lower growth during the forecast period. However, some factors such as filter technology, mechanical reprocessing, shorter drying time, and no filter change for lifetime are expected to help in the growth of the segment.

Aluminum Material to Lead the Segment with it Various Properties

As per material, the market is divided into aluminum, stainless steel, and others. Aluminum segment is set to dominate due to its various advantages offered. Advantages, such as versatility, durability, excellent drying properties, and ease of maintenance, have primarily contributed to the dominance of the segment.  

Hospitals & Specialty Clinics to Lead the Segment with Increasing Number of Surgical Procedures

Based on end user, the market is divided into hospitals & speciality clinics, pharmaceutical & medical device manufacturers, and others. The hospitals & specialty clinics segment held the largest share in 2021 due to increasing number of surgical procedures, emergency department visits, high prevalence of HAIs, and growing patient population.


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Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market’s key players.

 Competitive Landscape

KLS Martin Group Announced a New Cooperation with Caretag Surgical to Bring RFID

The market has well-established players such as B. Braun SE, STERIS, Symmetry Surgical Inc., Integra LifeSciences, and KLS Martin Group. In terms of the competitive scenario, the market depicts a highly fragmented structure with the presence of several well-established, small, and mid-sized players operating in the market. In October 2019, KLS Martin Group announced a new cooperation with Caretag Surgical to bring Radio Frequency Identification (RFID) technology to surgical assets, such as surgical instruments or sterilization containers, which serve hospitals globally.

List of Key Players Profiled in the Report

  • BD (Becton, Dickinson and Company) (U.S.)
  • Johnson & Johnson Services, Inc. (U.S.)
  • STERIS (U.K.)
  • Integra LifeSciences (U.S.)
  • KLS Martin Group (Germany)
  • Gpcmedical.com (India)
  • MELAG Medizintechnik GmbH & Co. KG (Germany)
  • B. Braun SE (Germany)
  • SHARPLINE Surgical Technologies GmbH (Germany)
  • Medline Industries, LP (U.S.)

Table of Contents:

  • Global Sterilization Containers Market Analysis, Insights and Forecast, 2018-2029
    • Market Analysis, Insights and Forecast – By Type
      • Perforated
      • Non-Perforated
    • Market Analysis, Insights and Forecast – By Material
      • Aluminium
      • Stainless Steel
      • Others
    • Market Analysis, Insights and Forecast – By End User
      • Hospitals & Specialty Clinic
      • Pharmaceuticals and Medical Device Manufacturers
      • Others
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa
  • North America Sterilization Containers Market Analysis, Insights and Forecast, 2018-2029
    • Market Analysis, Insights and Forecast – By Type
      • Perforated
      • Non-Perforated
    • Market Analysis, Insights and Forecast – By Material
      • Aluminium
      • Stainless Steel
      • Others
    • Market Analysis, Insights and Forecast – By End User
      • Hospitals & Specialty Clinic
      • Pharmaceuticals and Medical Device Manufacturers
      • Others
    • Market Analysis, Insights and Forecast – By Country
      • U.S.
      • Canada
  • Europe Sterilization Containers Market Analysis, Insights and Forecast, 2018-2029
    • Market Analysis, Insights and Forecast – By Type
      • Perforated
      • Non-Perforated
    • Market Analysis, Insights and Forecast – By Material
      • Aluminium
      • Stainless Steel
      • Others
    • Market Analysis, Insights and Forecast – By End User
      • Hospitals & Specialty Clinic
      • Pharmaceutical and Medical Device Manufacturers
      • Others
    • Market Analysis, Insights and Forecast – By Country/Sub-Region
  • Asia Pacific Sterilization Containers Market Analysis, Insights and Forecast, 2018-2029
    • Market Analysis, Insights and Forecast – By Type
      • Perforated
      • Non-Perforated
    • Market Analysis, Insights and Forecast – By Material
      • Aluminium
      • Stainless Steel
      • Others
    • Market Analysis, Insights and Forecast – By End User
      • Hospitals & Specialty Clinic
      • Pharmaceutical and Medical Device Manufacturers
      • Others
    • Market Analysis, Insights and Forecast – By Country/Sub-Region
      • China
      • Japan
      • India
      • Australia
      • Southeast Asia
      • Rest of Asia Pacific
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Scandinavia
      • Rest of Europe

Toc Continue…


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FAQs

How big is the Sterilization Containers Market?

The market is projected to grow from USD 319.8 Million in 2022 to USD 389.5 Million by 2029, exhibiting a CAGR of 2.9% during the forecast period.

Which companies dominate the Sterilization Containers Market?

The companies are BD (Becton, Dickinson and Company) (U.S.), Johnson & Johnson Services, Inc. (U.S.), STERIS (U.K.), Integra LifeSciences (U.S.), KLS Martin Group (Germany), Gpcmedical.com (India), MELAG Medizintechnik GmbH & Co. KG (Germany), B. Braun SE (Germany), SHARPLINE Surgical Technologies GmbH (Germany), Medline Industries, LP (U.S.)

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