Canada Sterilization Equipment Market Size & Outlook
Canada sterilization equipment market, 2018-2030 (US$M)
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Canada sterilization equipment market highlights
- The Canada sterilization equipment market generated a revenue of USD 570.5 million in 2023 and is expected to reach USD 1,175.6 million by 2030.
- The Canada 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 570.5 million |
| Market revenue in 2030 | USD 1,175.6 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, Canada accounted for 7.4% 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 North America, U.S. sterilization equipment market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,175.6 million by 2030.
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Sterilization Equipment Market Scope
Sterilization Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 32.16% in 2023. Horizon Databook has segmented the Canada 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.
Increasing number of surgeries in Canada is expected to fuel market growth over the forecast period. For instance, according to the Organization for Economic Co-operation and Development (OECD), around 383,717 surgeries were performed in Canada in 2021.
Proper maintenance of hygiene before a surgical procedure is necessary; thus, usage of properly sterilized medical devices & equipment is highly recommended by doctors. Hence, product demand is expected to increase.
The growing incidence of HAIs is anticipated to boost the demand for sterilization equipment in Canada. For instance, as per a report by the Public Health Agency of Canada (modified in August 2022), Canadian hospitals estimated that 7.9% of patients had at least one HAI. These factors are expected to positively impact the market over the forecast period.
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Our clientele includes a mix of sterilization equipment market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada sterilization equipment market , including forecasts for subscribers. This country databook contains high-level insights into Canada sterilization equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada sterilization equipment market size, by product, 2018-2030 (US$M)
Canada Sterilization Equipment Market Outlook Share, 2023 & 2030 (US$M)
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