The global sterilization equipment market is expected to reach USD 6,142.7 Million by 2020 from USD 4,258.4 Million in 2015, at a CAGR of 7.6%. On the basis of products and services, the market is segmented into equipment, consumables and accessories, and contract sterilization services. The consumables and accessories segment is projected to grow at the highest CAGR from 2015 to 2020, owing to the repetitive usage of consumables and accessories during the sterilization process.

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The sterilization equipment market, by product and service, is segmented into equipment, consumables and accessories, and contract sterilization services. The consumables and accessories segment is poised to be the fastest-growing segment during the forecast period. The contract sterilization services market, by site of sterilization, is segmented into offsite sterilization and onsite sterilization. The offsite segment is expected to be the largest segment of the contract sterilization services market in 2015.

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Geographically, the sterilization equipment market was dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). In 2015, North America accounted for the largest share of the market, while Asia witnessed the highest growth rate.

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Major players in the sterilization equipment market include are STERIS Corporation (U.S.), Getinge Group (Sweden), Advanced Sterilization Products (U.S.), 3M Company (U.S.), Belimed AG (Switzerland), Cantel Medical Corporation (U.S.), Synergy Health (U.K.), Matachana Group (S.A.), MMM Group (Germany), and Sterigenics International, Inc. (U.S.).