Australia Sterilization Equipment Market Size & Outlook
Australia sterilization equipment market, 2018-2030 (US$M)
Related Markets
Australia sterilization equipment market highlights
- The Australia sterilization equipment market generated a revenue of USD 183.6 million in 2023 and is expected to reach USD 378.6 million by 2030.
- The Australia market is expected to grow at a CAGR of 10.9% from 2024 to 2030.
- In terms of segment, low-temperature sterilizers was the largest revenue generating product in 2023.
- Low-temperature sterilizers is the most lucrative product segment registering the fastest growth during the forecast period.
Sterilization equipment market data book summary
| Market revenue in 2023 | USD 183.6 million |
| Market revenue in 2030 | USD 378.6 million |
| Growth rate | 10.9% (CAGR from 2023 to 2030) |
| Largest segment | Low-temperature sterilizers |
| Fastest growing segment | Low-temperature sterilizers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heat sterilizers, Low-temperature sterilizers, Sterile membrane filters, Radiation Sterilization Devices |
| Key market players worldwide | Steris PLC, Sotera Health Co Ordinary Shares, Cantel Medical, Fortive Corp, E-BEAM Services |
Other key industry trends
- In terms of revenue, Australia accounted for 2.4% of the global sterilization equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China sterilization equipment market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 734.7 million by 2030.
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Sterilization Equipment Market Scope
Sterilization Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia sterilization equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sterilization equipment market will help companies and investors design strategic landscapes.
Low-temperature sterilizers was the largest segment with a revenue share of 33.17% in 2023. Horizon Databook has segmented the Australia sterilization equipment market based on heat sterilizers, low-temperature sterilizers, sterile membrane filters, radiation sterilization devices covering the revenue growth of each sub-segment from 2018 to 2030.
Stringent government regulations pertaining to sterilization of medical devices, products, & equipment and guidelines issued by Australian Commission on Safety & Quality in Health Care on HAIs are expected to drive the market in the near future.
Furthermore, increase in government funding to hospitals and rise in the number of hospitals are among the factors expected to boost the demand for sterilization equipment in the country. The Therapeutic Goods Administration (TGA) regulates medical devices and medications on behalf of the Australian government's Department of Health and Ageing.
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Target buyers of Australia sterilization equipment market databook
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Our clientele includes a mix of sterilization equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Australia sterilization equipment market , including forecasts for subscribers. This country databook contains high-level insights into Australia sterilization equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia sterilization equipment market size, by product, 2018-2030 (US$M)
Australia Sterilization Equipment Market Outlook Share, 2023 & 2030 (US$M)
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