India Sterilization Equipment Market Size & Outlook
India sterilization equipment market, 2018-2030 (US$M)
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India sterilization equipment market highlights
- The India sterilization equipment market generated a revenue of USD 277.1 million in 2023 and is expected to reach USD 585.1 million by 2030.
- The India market is expected to grow at a CAGR of 11.3% 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 277.1 million |
| Market revenue in 2030 | USD 585.1 million |
| Growth rate | 11.3% (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, India accounted for 3.6% 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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India 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 32.8% in 2023. Horizon Databook has segmented the India 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.
India is one of the top three countries in terms of diabetes prevalence. In addition, the growing prevalence of cancer due to excessive consumption of tobacco in the country is likely to open new avenues for market growth over the forecast period. For instance, according to the NIH, 1,461,427 new cancer cases were found in India in 2022.
One in nine people in the country is likely to develop cancer in their lifetime. Hence, India sterilization equipment market is anticipated to witness considerable growth over the forecast period. Moreover, the government introduced the National Medical Device Policy to reduce dependence on imports, supporting the Make in India initiative.
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Target buyers of India 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 India sterilization equipment market , including forecasts for subscribers. This country databook contains high-level insights into India sterilization equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India sterilization equipment market size, by product, 2018-2030 (US$M)
India Sterilization Equipment Market Outlook Share, 2023 & 2030 (US$M)
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