Plasma Sterilizers Market Size

Plasma Sterilizers Market size was valued at USD 611.9 Million in 2023 and is poised to cross USD 1.22 Billion by the end of 2036, expanding at more than 5.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of plasma sterilizers is estimated at USD 642.19 Million. The growth of the market can be attributed to the increasing number of hospitals across the globe, backed by the presence of skilled medical professionals, advancements in healthcare quality, low treatment costs, and the credibility of the medical system. Governments and several private organizations are heavily spending on the construction of hospitals across the globe. For instance, it was observed that there were more than 8,000 hospitals in Japan in 2020 and nearly 6000 hospitals in the United States.

Plasma sterilizers market trends such as, rising awareness of benefits associated with plasma sterilizers, the growth of hospital beds and intensive care units backed by the expansion of isolation facilities, and increasing exports of medical instruments are expected to enlarge the global plasma sterilizers market size during the forecast period. In accordance with statistics from the International Trade Center, medical equipment exports were valued at USD 153,157,380 thousands in 2021, an increase from USD 133,713,931 thousands the previous year worldwide. Using hydrogen peroxide gas plasma technology, plasma sterilizers can be used to sterilize a variety of medical equipment safely and effectively. Plasma sterilization is an oxidation process. All these factors are estimated to propel the growth of the market over the forecast period.