Ionizing Radiation Sterilization Equipment Market - By Type (Electron Irradiation, Gamma Irradiation, X-ray Irradiation), By Application (Blood Irradiation, Viral Inactivation, Small Animal Irradiation, Food Testing), End-use & Global Forecast, 2023 - 2032
Published Date: August - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIonizing Radiation Sterilization Equipment Market Size
The market for equipment used to sterilize products with ionizing radiation is expected to boom in the coming years, growing at an impressive 12.1% every year from 2023 to 2032. It's already worth a hefty $4 billion! These ionizing radiation sterilization machines are like tiny superheroes, using high-energy radiation to zap away nasty germs and bacteria. They wield enough power to rip electrons off atoms, leaving behind ions. This intense energy blast damages the DNA and cells of microorganisms, effectively killing them off. With the growing need for clean and germ-free products in healthcare and other industries, the demand for these sterilization machines is skyrocketing. So, if you're in the business of keeping things germ-free, get ready for a bright future!
Ongoing advancements in ionizing radiation sterilization technology such as improved dose control, automation, and real-time monitoring systems are projected to accelerate the market demand. These advancements enhance the efficiency, precision, and safety of the sterilization process, thereby stimulating customer preference among several industries that ultimately spike the ionizing radiation sterilization equipment industry revenue size.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Ionizing Radiation Sterilization Equipment Market Size in 2022 | USD 4 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 12.1% |
| 2032 Value Projection | USD 12.2 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 270 |
| Tables, Charts & Figures | 367 |
| Segments covered | Type, Application, End-use and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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Furthermore, continuous research and development activities focus on improving equipment capabilities, enhancing operational efficiency, and ensuring product safety, which will boost the product adoption rate. For instance, advancements in dose control systems enable precise and accurate radiation dosing and minimize the risk of under or over-sterilization. Further, real-time monitoring systems provide continuous feedback on the sterilization process, allowing for immediate adjustments. The above-mentioned advancements in sterilization equipment are estimated to strengthen overall ionizing radiation sterilization equipment market demand.
COVID-19 Impact
The COVID-19 pandemic caused an unprecedented need for sterilized emergency medical supplies, including personal protective equipment (PPE), ventilators, diagnostic tests, and other critical healthcare products. The surge in demand for these products led to a higher utilization of ionizing radiation sterilization equipment to ensure their safety and sterility before use, that resulted in enhanced product demand. Several manufacturers and healthcare facilities had to scale up production and sterilization capabilities to meet the increased demand, which boosted the overall ionizing radiation sterilization equipment market size.
The COVID-19 pandemic accelerated research and development activities in the field of sterilization technologies, including a greater focus on optimizing sterilization processes and improving equipment efficiency and safety to enhance the effectiveness and speed of sterilization and address potential challenges related to COVID-19 transmission. Thus, enhanced R&D activities positively influenced the overall advancement and industry growth.
Ionizing Radiation Sterilization Equipment Market Trends
Healthcare facilities are taking infection control more seriously due to the rising number of hospital-acquired infections (HAIs). According to the World Health Organization (WHO), up to 15% of patients in developing countries and 7% in developed countries develop HAIs during their hospital stays. These infections are a serious problem, affecting millions of patients worldwide and contributing to a significant number of deaths.
According to the World Health Organization (WHO) data, approximately 1 in every 10 patients infected with hospital-acquired infections die due to the condition. Thus, an increasing number of hospital-acquired will propel the market share. Also, a high focus on patient safety and minimization of HAIs will drive the demand for effective ionizing radiation sterilization equipment. Further, the surge in the adoption of advanced sterilization technologies to enhance infection control practices and mitigate the risk of HAIs among healthcare facilities will fortify industry revenue growth.
Ionizing Radiation Sterilization Equipment Market Analysis
In 2022, companies that use gamma rays to sterilize their products made over 2 billion dollars. This technique is gaining popularity because it can kill a lot of germs and bacteria. Gamma irradiation equipment is a good choice for sterilizing large amounts of products quickly and efficiently. It's also less expensive than other methods and requires less maintenance. This makes it a great option for businesses that need to sterilize their products effectively without spending a lot of time or money.
The viral inactivation segment accounted for over 47% of the ionizing radiation sterilization equipment market share in 2022, attributed to the increasing demand for biopharmaceuticals, advancements in analytical techniques and emerging viral threats, among several others. The viral inactivation process is crucial for industries such as pharmaceuticals, biotechnology, and blood and tissue products to ensure the safety and efficacy of their products. Ionizing radiation sterilization equipment utilized to eliminate or inactivate viruses present in biological materials, therapeutic products, and vaccines.
The ionizing radiation sterilization equipment market from hospital segment is poised to record 12.9% CAGR during the estimated timeline, owing to the growing hospital admissions, aging demographics, high volume of surgical procedures and the increasing prevalence of chronic diseases. Moreover, hospitals are adopting ionizing radiation sterilization equipment among settings for high throughput, rapid turnaround time, and effective sterilization to manage the increasing workload in hospitals thereby, accelerating market revenue growth potential.
The market for medical equipment that uses radiation to kill germs has been booming in the United States, reaching a whopping 1.6 billion dollars in 2022. This surge is largely driven by our aging population, who are more susceptible to infections. People are also becoming more aware of the importance of cleanliness in healthcare settings, and the growing number of surgeries is further fueling the demand for these devices. The rising number of hospital-acquired infections (HAIs) is another factor driving the market. More people are going to the hospital for surgery, and with more people in hospitals, the risk of infection increases. For example, urinary tract infections (UTIs) are a common type of HAI in the US, with up to 40% of hospital patients getting one each year. By using radiation to sterilize medical devices, we can help reduce the risk of these infections and keep our patients safe.
Ionizing Radiation Sterilization Equipment Market Share
Some of the leading companies operating in the ionizing radiation sterilization equipment market include
- Getinge AB
- STERIS
- Sotera Health
- Bioster a.s
- Röchling SE & Co. KG
- Symec Engineers (India) Pvt Ltd
- BGS Beta-Gamma-Service GmbH & Co KG
- IBA Worldwide, E-BEAM Services Inc
- Belimed AG
- Atec Pharmatechnik GmbH
- Noxilizer Inc.
- Tuttaner.
These companies are undertaking several growth strategies including partnerships, collaborations, acquisitions & mergers, and new product development & launches to strengthen their product portfolio as well as gain a competitive edge over others.
Ionizing Radiation Sterilization Equipment Industry News
- In May 2023, RAD Technology Medical Systems partnered with Belimed Inc. for portable sterilization services. Through this partnership, RAD Technology conglomerate their healthcare construction expertise with Belimed's surgical instrument sterilization and other products to provide portable sterile processing department (SPD) solutions in the U.S. surgical market. This has offered lucrative growth opportunities to both companies.
- In June 2021, STERIS Corporation, a leading provider of infection prevention and other healthcare products, acquired Cantel Medical, a prominent provider of infection prevention products and services. This acquisition expanded STERIS' portfolio of sterilization solutions, including ionizing radiation technologies.
This ionizing radiation sterilization equipment market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments
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Market, By Type
- Electron irradiation
- Gamma irradiation
- X-ray irradiation
Market, By Application
- Blood irradiation
- Viral inactivation
- Small animal irradiation
- Food testing
- Others
Market, By End-use
- Hospitals & clinics
- Biotech and pharmaceutical companies
- Medical device companies
- Food & beverage industry
- Others
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Switzerland
- The Netherlands
- Denmark
- Poland
- Sweden
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- New Zealand
- Thailand
- Vietnam
- Indonesia
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Turkey
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