Spire Integrated Solutions manufactures Sterile Processing Equipment to the ASC and surgery center marketplace

The global sterilization equipment market, a resilient sector, is projected to reach USD 12.77 billion by 2029, driven by increased demand due to COVID-19 and a surge in surgical procedures at Ambulatory Surgery Centers (ASCs).

What is the increase in sterilizers across the world. Spire Integrated Solutions manufactures sterilizing equipment

The Research: 2024-2029 Sterilizer Outlook

According to a report by Mordor Intelligence, the global sterilization equipment market, currently estimated to be around USD 8.94 billion in 2024, is projected to reach a substantial USD 12.77 billion by 2029. This robust growth, expected at a CAGR of 7.37% during the forecast period (2024-2029), signifies a promising future for the industry.

The COVID-19 pandemic has not only significantly reshaped healthcare priorities but also underscored the crucial role of sterilization equipment in preventing hospital-acquired infections, leading to a surge in demand for sterilization equipment. 

Preventing such infections, a critical aspect of managing COVID-19, has become a top priority, driving the need for sterilizers. Furthermore, the increase in surgical procedures in clinics has also contributed to the market’s growth.

The COVID-19 pandemic has indeed significantly reshaped healthcare priorities and spurred a surge in the demand for sterilizers.

The Increase of Demand for More Sterilizers

PRIMUS steam Sterilizer made by spire integrated solutions

Increased Demand for Sterile Medical Devices and Equipment: According to Fortune Magazine, the pandemic has led to a surge in demand for sterile medical devices and equipment.

This is due to the heightened need to prevent the spread of the virus in healthcare settings. Sterilizers play a crucial role in ensuring that medical instruments and surfaces are free from harmful microorganisms, thereby reducing the risk of healthcare-associated infections.

Shift in Healthcare Priorities: The pandemic has caused a shift in healthcare priorities, with a greater emphasis on infection control and prevention. This includes the need for effective sterilization practices in healthcare facilities. The focus has moved from treating illnesses to preventing the spread of infections, particularly in hospitals and clinics.

Impact on Healthcare Services: The pandemic has also led to major disruptions in healthcare services. Numerous elective procedures were either canceled or deferred to ensure availability for COVID-19 patients and to prevent further spread of infections. This has further highlighted the importance of sterilization in healthcare settings.

Increased Use of Telehealth: The pandemic has shifted to telehealth, reducing the risk of infection transmission during in-person visits. However, tough sterilization practices are necessary to ensure patient safety for procedures that cannot be remotely performed.

Consumer Behavior Changes: The pandemic has also influenced consumer behavior, with many patients switching healthcare providers due to concerns about infection control practices.

This has put additional pressure on healthcare facilities to ensure effective sterilization and disinfection procedures are in place.

Healthcare market intelligence provider, Blueweave Consulting, suggests that the COVID-19 pandemic underscored the importance of sterilization in healthcare settings.

This results in a heightened demand for sterilizers.

Patient expectation also prompted a shift in healthcare priorities, with a greater focus on infection control and prevention. These changes are likely to have a lasting impact on the healthcare industry.

Source(s)

Mordorintelligence.com, Grandviewresearch.com, Fortune Business Insights, Blueweave Consulting

Surgical Procedures on the Rise – More Sterilization Equipment is needed

Healthcare sterile processing equipment is manufactured in the USA by PRIMUS Spire Integrated Solutions

According to Maggie Tich of Definitive Healthcare Magazine, as of May 2024, there are nearly 9,100 active Ambulatory Surgery Centers (ASCs) in the United States

These centers are outpatient facilities that offer an alternative to hospitals for patients undergoing routine surgical procedures.

Certainly, these number increases of surgical procedures in hospitals and surgery centers are a significant factor contributing to the explosive growth of the sterilization equipment market.

The rise in surgical procedures is driving a surge in demand for sterilization equipment, fueling the expansion of the sterilization equipment market.

Sterilization is a vital component of healthcare services, safeguarding patient safety, ensuring satisfaction, and complying with regulatory standards.

More surgical procedures at surgery centers means more sterilization

Here’s why:

  • More Surgical Procedures, More Sterilization Needed: Every surgical procedure requires the use of sterile medical instruments to prevent infections. As the number of surgical procedures increases, so does the demand for sterilized equipment. This directly drives the growth of the sterilization equipment market.
  • Prevention of Hospital-Acquired Infections (HAIs): Surgical procedures might lead to HAIs (especially if the surgical instruments are not properly sterilized). HAIs can be serious and even life-threatening. Therefore, proper sterilization of surgical instruments is crucial to prevent these infections.
  • Regulatory Requirements: Healthcare providers must adhere to strict sterilization standards to ensure patient safety. As the volume of surgical procedures increases, clinics must also increase their sterilization practices to meet these regulatory requirements.
  • Patient Safety and Satisfaction: Proper sterilization practices are essential for patient safety and satisfaction.
  • Patient Expectation: Patients expect that their surgeries will be performed with properly sterilized instruments. Because of this, an increase in surgical procedures thus leads to an increased demand for sterilization equipment to meet these patient expectations.

Surgery Centers and Sterilization – An Explosion of Sterilizing Opportunities

The increase in the number of surgical procedures in surgery centers is a significant factor to the growth of the sterilization equipment market.

For a long time, the acute care sector has been the main area of interest for numerous medical device firms. However, several elements suggest a transition in care environments from hospitals to Ambulatory Surgery Centers (ASCs).

Furthermore, the expansion of this market could imply a necessity for more attention on this care pathway.

Here’s why patients are making the switch to an ASC

According to Healthcare Finance News, outpatient procedures performed in ambulatory surgical centers (ASCs) are expected to increase 15% by 2028. These centers are gaining traction in the outpatient market and continue to perform more than half of all U.S. outpatient surgical procedures

The Advantages of ASCs vs. Hospitals

Ambulatory Surgery Centers (ASCs) offer several advantages over traditional hospitals:

They are modern and efficient.

ASCs are typically more efficient than traditional hospitals, with shorter wait times, less paperwork, and streamlined procedures.

  • Ambulatory Surgery Centers (ASCs) aim to optimize procedural efficiency.
  • They strive to minimize patient wait times.
  • ASCs focus on enhancing personalized care.

They are convenient

ASCs offer patients the convenience of scheduling same-day surgeries, making it easier for them to fit the procedure into their busy schedules.

Ambulatory Surgery Centers (ASC) setting, physicians have an advantage. Physicians can schedule procedures with greater convenience. They are able to assemble teams of specially trained and highly skilled staff. The staff procures equipment and supplies tailored to the physician’s methods.

Moreover, the facility is specifically designed to cater to the unique needs of their patients.

Surgery centers are cost effective

ASCs often differ in ownership, management, and cost from traditional hospitals. They can often provide services at a lower cost, which can benefit.

Sources:

Blogmedicmanagement.com, ASCA Association

Factor driven increase in surgical procedures

  • the rise in outpatient surgeries
  • the shift from inpatient to outpatient procedures
  • and technological advancements

These bullets are significant factors contributing to the growth of the sterilization equipment market. This is because more surgical procedures require more clean surgical instruments.

Source(s)

Healthcare Finance News.com, Psqh.com, Bcbs.com, Fastcompany.com, Jamanetwork.com

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