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HEALTHCARE & PHARMACEUTICAL

Plasma Sterilizers Market Analysis by Temperature (Low-temperature, and High-temperature); by Chamber Capacity (<100 L, 100-200 L and, > 200 L); by Application (Sterilization, Disinfection and Others); by Source Gas (Hydrogen Peroxide Gas, Oxygen Gas, Nitrogen Gas and Others); and by End User (Hospitals, Clinics, and Ambulatory Surgery Centers) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • 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.
  • Johnson & Johnson Services, Inc has completed the divestiture of its Advanced Sterilization Products (ASP) business, a division of Ethicon, Inc., to Fortive Corporation.

Global Plasma Sterilizers Market Size, Forecast, and Trend Highlights Over 2023 - 2033

Base Year

2022

Forecast Year

2023-2033

CAGR

~5%

Base Year Market Size (2021)

~USD 580 million

Forecast Year Market Size (2031)

~USD 900 million

The global plasma sterilizers market is estimated to garner a revenue of USD 900 Million by the end of 2033 by growing at a CAGR of ~5% over the forecast period, i.e., 2023 – 2033. Further, the market generated revenue of USD 580 Million in the year 2023. The growth of the market can be primarily attributed to the rise in number of hospitals worldwide. A study found that there were more than 8,000 hospitals in Japan in 2020 and nearly 6000 hospitals in the United States.

Plasma-Sterilizers-Market-Size

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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. The plasma initiates a chemical process that deactivates all microorganisms. In high temperatures, hydrogen peroxide molecules turn into free radicals, which are extremely unstable. In order to prevent infection, plasma sterilization was introduced to ensure that medical instruments are properly cleaned. Furthermore, the rising awareness of benefits associated with plasma sterilizers, the growth of hospital beds and intensive care units, 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.

Global Plasma Sterilizers Market: Growth Drivers and Challenges

Growth Drivers

  • Rise In Prevalence Of Hospital Acquired Infections (HAIs)- In a survey it was found that there were 107,600 patients 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 as of 2018, an increase from 14,12 researchers per million in 2015. 

Challenges

  • High Cost Associated With The Plasma Sterilizers
  • Availability Of Non Branded Product In The Market
  • Stringent Government Regulations On Approval Process

The global plasma sterilizers market is segmented and analyzed for demand and supply by source gas (hydrogen peroxide gas, oxygen gas, nitrogen gas and others. Among these segments, the hydrogen peroxide gas segment is anticipated to capture the largest market size in the global plasma sterilizers market. 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. Moreover, to sterilize medical equipment, plasma sterilizers use a variety of gases, as well as provide numerous advantages over traditional sterilization methods. 

Major Macro-Economic Indicators Impacting the Market Growth

Global-Healthcare-Expenditure

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Plasma Sterilizers Market Regional Synopsis

Regionally, the global plasma sterilizers market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2033 backed by the increasing hospitalizations in the region. For instance, approximately 6% of U.S. citizens were hospitalized at least once in 2018. Additionally, technological advancements, the presence of major players, the demand for sterilization technologies, the increasing geriatric population, the rising incidence of different diseases, 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. 

Plasma-Sterilizers-Market

The global plasma sterilizers market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global plasma sterilizers market includes the following segments:

By Temperature

  • Low-temperature
  • High-temperature

By Chamber Capacity

  • <100 L
  • 100-200 L
  • > 200 L

By Application

  • Sterilization
  • Disinfection
  • Others

By Source Gas

  • Hydrogen Peroxide Gas
  • Oxygen Gas
  • Nitrogen Gas
  • Others

By End User

  • Hospitals
  • Clinics
  • Ambulatory Surgery Centers

 

Top Featured Companies Dominating the Global Plasma Sterilizers Market

  • Antonio Matachana, S. A.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • ASP Global Manufacturing GmbH
  • Cisa Production S.r.l. Unipersonale
  • Getinge AB
  • Johnson & Johnson Services, Inc.
  • HUMAN MEDITEK CO., LTD.
  • Steelco S.p.A.
  • STERIS plc
  • VitroSteril
  • H.W. Andersen Products Ltd.

 

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