Plasma Sterilizers Market Trends

Growth Drivers

Rise in Prevalence of Hospital Acquired Infections (HAIs) - It was found that there were 107,600 patients worldwide affected by HAIs, and the majority were older than 50. Only 50% were male. A total of 25% of patients had HAIs, and 7 % had HAIs per 1000 patient-days.
Increasing cases of HAIs in hospitals and other healthcare settings have contributed to a surge in the demand for sterilization equipment as a result of COVID-19 spreading. Additionally, the increasing number of long-term hospitalizations in developing countries results in the emergence of various HAIs among patients, including infections of the bloodstream, urinary tract infections (UTIs), and ventilator-associated pneumonia. Therefore, to control the spread of infections in hospitals, the demand for plasma sterilizers is expected to increase over the forecast period.
Surge In Number of Surgical Procedures Performed Annually- It was observed that over 300 million major surgeries are performed in the world each year. Of these, approximately 45 million are performed in the United States, while 22 million are performed in Europe.
Globally Increasing Exports of Medical Sterilizers-The International Trade Center (Trademap) reports that the value of medical sterilizers exported worldwide in 2020 was USD 1,220,335 thousands, an increase over USD 1,118,283 thousands in 2019.
Growing Global Healthcare Expenditures- According to World Bank data, global healthcare expenditures reached USD 9.83 billion in 2019, up from USD 9.7 billion in 2018.
Rising Initiatives in Research and Development Operations- According to the World Bank, there were 1,597 researchers per million people engaged in R&D activities globally as of 2018, an increase from 14,12 researchers per million in 2015.

Challenges

High Cost Associated with the Plasma Sterilizers
Plasma sterilization has an expensive maintenance process since it is corrosive and sterile in nature. The service cost of plasma sterilization is also quite high. Hence, these factors are estimated to hamper the growth of the market over the forecast period.
Availability of Non-Branded Product in the Market
Stringent Government Regulations on Approval Process

Plasma Sterilizers Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	5.5%
Base Year Market Size (2023)	USD 611.9 Million
Forecast Year Market Size (2036)	USD 1.22 Billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of plasma sterilizers is estimated at USD 642.19 Million.

The 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. Rising initiatives in research and development operations are the major factors driving the market growth.

North America is predicted to account for largest industry share by 2036, attributed to increasing hospitalizations in the region coupled with increment in the number of hospitals owing to presence of the massive healthcare industry in the region.

Antonio Matachana, S. A., ASP Global Manufacturing GmbH, Cisa Production S.r.l., Getinge AB, Johnson & Johnson Services, Inc., Human Meditek Co. Ltd, Steelco S.p.A., STERIS Corporation, H W Andersen Products Limited, Noxilizer, Inc.

Plasma Sterilizers Market Trends