Plasma Sterilizers Market size is projected to surpass USD 900 million by the end of 2033, witnessing around CAGR of 5% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of plasma sterilizers was USD 580 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.
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.
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
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~5% |
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Base Year Market Size (2022) |
~ USD 580 million |
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Forecast Year Market Size (2033) |
~ USD 900 million |
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Regional Scope |
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Source Gas (Hydrogen Peroxide Gas, Oxygen Gas, Nitrogen Gas)
The global plasma sterilizers market is segmented and analyzed for demand and supply by source gas into hydrogen peroxide gas, oxygen gas, nitrogen gas, and others. Out of the types of segments, the hydrogen peroxide gas segment is estimated to gain the largest market share over the projected time frame. The increasing trade of hydrogen peroxide gas around the world is anticipated to drive segment growth during the forecast period. A report by the International Trade Center (Trademap) showed that the exported value of hydrogen peroxide gas in 2021 increased from USD 735,011 thousand in 2019 to USD 864,800 thousand across the globe. Moreover, for sterilizing medical equipment, plasma sterilizers use a variety of gases, and provide numerous advantages over traditional sterilization methods.
End-user (Hospitals, Clinics, Ambulatory Surgery Centers)
The global plasma sterilizers market is also segmented and analyzed for demand and supply by end-user into hospitals, clinics, and ambulatory surgery centers. Amongst these segments, the hospital segment is expected to garner a significant share. The growth of the segment can be accounted to the availability of enclosed chambers for gas plasma sterilization in multiple hospitals since establishing a separate gas chamber can be very expensive. Hospitals are well-structured healthcare facilities that includes every necessary medical equipment such as veterinary anesthesia equipment and medical force for the process. Furthermore, in the medical field, plasma is highly used for the sterilization of medical devices such as urology devices that are present in the hospitals. For instance, in 2021, USA hospitals exhibited approximately USD 1 trillion of total revenue.
Our in-depth analysis of the global market includes the following segments:
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By Temperature |
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By Chamber |
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By Application |
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By Source Gas |
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By End-User |
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North American Market Forecast
The North America plasma sterilizers market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growth of the market can be attributed majorly to the increasing hospitalizations in the region coupled with the increment in the number of hospitals owing to the presence of the massive healthcare industry in the region. For instance, approximately 6% of U.S. citizens were hospitalized at least once in 2018. Furthermore, the increasing geriatric population, along with the increased spending on healthcare in the region, are expected to drive the plasma sterilizers market in North America during the forecast period. Based on a report released by the Centers for Medicare and Medicaid Services, the U.S. will spend USD 4.1 trillion on healthcare services in 2020, which accounted for 19.7% of country's GDP. The rising incidence of several types of diseases such as, cardiovascular, neurological, chronic, and acute, coupled with technological advancements in healthcare services and demand for sterilization technologies are also expected to expand the market size in the region over the forecast period. It was estimated that of every 10 adults in the USA, 5 of them live with some sort of chronic disease, that includes diabetes, cancer, heart disease, and others.
Getinge AB has launched the Getinge Solsus 66, which is a versatile, intuitive and easy to use steam sterilizer. It complies with all relevant standards, and a pass-through design reduces the risk of cross-contamination between clean and soiled zones. Getinge Solsus 66 is cost-effective associated with Central Sterile Supply Department (CSSD). It is also considered to be sustainable and based on advanced technology.
Johnson & Johnson Services, Inc has completed the divestiture of its Advanced Sterilization Products (ASP) business, a division of Ethicon, Inc., to Fortive Corporation.
Author Credits: Radhika Gupta, Shivam Bhutani
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