Surgical procedures and biotechnology companies are driving the growth of the hospital sterilization equipment market in Asia. Increasing biotechnology and pharmaceutical companies are also fueling the market growth. Additionally, the aging population of the Asia Pacific region is increasing the demand for surgical procedures and hospital sterilization equipment. So, the market for hospital sterilization equipment is anticipated to grow at a rapid pace. To assess the market potential in Asia, it is essential to know the drivers and restraints of the region.
Market Share
The market for hospital sterilizers in Asia is expected to grow at a CAGR of 10.8% over the next five years, thanks to factors such as increasing focus on the prevention and control of infectious diseases. In addition, the emergence of new infectious diseases, such as COVID-19, is boosting the demand for sterilizers and disinfectants in the region. Key players in the region include Steris Corporation, Getinge AB, Anderson Products, Inc., Belimed AG, and MMM Group.
According to the World Health Organization, the prevalence of healthcare-associated infections (HAIs) is increasing. According to a fact sheet from the WHO, up to 25% of hospitalized patients in the APAC region have acquired an infection. This high rate of hospital-acquired infections is projected to increase demand for hospital sterilizers in Asia. In fact, it is the primary growth driver for this industry. In Asia, hospital sterilization equipment is used to keep surgical instruments sterile.
Market Growth
Increasing focus on quality control is driving the Hospital Sterilizer market in Asia. Increase in medical tourism and rising incidence of lifestyle diseases such as COVID-19 will drive demand for sterilization services. Also, increasing number of surgeries is driving market growth. Increasing demand is expected in countries such as India and China. A steady increase in GDP per capita will drive demand for sterilization cases and trays in these regions. Further, the rising geriatric population in Asia will spur demand for these products.
According to the Centers for Disease Control and Prevention, one in every twenty infections is hospital acquired. According to the Centers for Disease Control and Prevention, hospital-acquired infections are one of the leading causes of death in hospitals around the world. Similarly, the Centers for Disease Control and Prevention estimates that five to ten percent of hospitalized patients develop an infection. Consequently, 1.6 million to 3.8 million patients in hospital facilities contract an infection each year, boosting the global sterilization services market.
Challenges
The growing prevalence of hospital-acquired infections (HAIs) is one of the primary growth drivers for the global sterilization equipment market. According to the U.S. Department of Health and Human Services, one in 20 infections are hospital-acquired and represent a significant source of morbidity and mortality worldwide. Hospital-acquired infections are caused by a wide range of bacteria, including methicillin-resistant Staphylococcus aureus (MRSA), Klebsiella spp., Enterococcus, and Psudomonas species.
APAC hospitals are facing a number of challenges related to cleaning and disinfection of complex medical equipment. Increasing surgical volumes are putting an increasing pressure on hospitals to maintain adequate throughput of processed medical devices. This region represents one of the fastest-growing markets in the world, including Japan, Australia, and China. Among the most common types of low-temperature sterilization methods, hydrogen peroxide and plasma are the most commonly used in APAC. But ethylene oxide is the most widely used low-temperature sterilizer in Asia, and many hospitals in APAC are upgrading outdated sterilizers to newer, more efficient systems.
Opportunities
The growth of the healthcare industry across Asia-Pacific will foster demand for hospital sterilizer equipment. Rising prevalence of infectious diseases and increasing geriatric population in this region will fuel the growth of the market. Increasing healthcare reforms and technological developments will also increase the need for sterilized products in the region. In addition to medical instruments, the sterilization industry also serves other industrial applications. Hence, the region is expected to witness rapid growth in the coming years.
In Japan, for example, the healthcare system has taken many measures to curb the spread of infection. In addition to setting up a mandatory infection control committee, hospitals must implement various infection control and sterilization measures. The healthcare payment system has made it possible to reward hospitals that adopt sterilization equipment. Moreover, hospitals in Japan have been focusing on the education of hospital personnel to reduce infection rates and improve the quality of care. Hospital sterilizers must also be a vital part of the healthcare system in Japan.
