Steam and Hydrogen Peroxide Biological Indicators Market to Grow at a CAGR of 7.8% over 2023-2030; Rising Demand for Surgical Instruments to Propel Market Growth

The global steam and hydrogen peroxide biological indicators market size was USD 650.4 million in 2022. The market is projected to grow from USD 697.1 million in 2023 to USD 1,178.2 million by 2030 at a CAGR of 7.8% during 2023-2030.

Fortune Business Insights™ presents this information in its report titled, " Steam and Hydrogen Peroxide Biological Indicators Market Size, Share & COVID-19 Impact Analysis, By Product Type (Self-contained Vials, Spore Strips, and Spore-suspension), By Application (Pharmaceutical & Medical Device Companies, Healthcare Facilities, and Others), and Regional Forecast, 2023-2030".

A Biological Indicator (BI) is used to measure the destructiveness and ensure the efficacy of a sterilization process. Steam, hydrogen peroxide, ethylene oxide, and other gases are used in biological indicators for different sterilization processes. Key market players introducing new products also favor the steam & hydrogen peroxide biological indicators industry.

Rise in Sterilization and Disinfectant Products Demand During Pandemic Aided Market Growth

The COVID-19 pandemic has positively affected the market growth. The growth was attributed to the rise in sterilization and disinfectant product demand across biotech, pharmaceutical, and other companies. The demand for steam and hydrogen peroxide biological indicators increased due to the focus of pharmaceutical and biotechnology companies on sterilization monitoring steps led by the pandemic.

Tuttnauer Acquired U.K.-based Prestige Medical Limited

In March 2022, Tuttnauer acquired U.K.-based company Prestige Medical Limited, which specializes in manufacturing and distributing sterilization equipment. Tuttnauer will expand its distribution network in several selected countries with this acquisition. 

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Rising Demand for Surgical Instruments to Propel Market Growth

The increasing number of surgeries worldwide creates a huge demand for surgical instruments and reusable devices in healthcare facilities, such as scissors, clamps, forceps, and others. This is driving the market growth during the forecast period. The growing prevalence of chronic diseases worldwide also boosts the market during the forecast period.

Key Players Focusing on Expansion Strategies to Lead the Market

The market combines several major key players, including 3M, Steris, ASP, Mesa Labs, Inc., and Getinge, with the largest market share. The key players, such as Getinge and Steris, are implementing various business strategies to expand their geographical presence and product portfolio worldwide. For instance, Getinge acquired rapid biological indicators developer Verrix for steam sterilization workflow.

Notable Industry Development

• January 2020 – Healthmark Industries added Terragene auto-reader incubator and biological indicators to its sterilization product line. With this addition, Healthmark Industries plans to strengthen its brand presence and reach worldwide.

List of the Companies Profiled in the Report:

• 3M (U.S‎.)
• STERIS (U.S‎.)
• Getinge (Sweden)
• Mesa Labs, Inc. (U.S‎.)
• Tuttnauer (U.S‎.)
• Bioquell, An Ecolab Solution (U.K.)
• Terragene (Argentina)

Further Report Findings-

• The self-contained vials segment dominated the market share during the forecast period. Due to several benefits, the growth is attributed to the higher adoption rate of steam and hydrogen peroxide biological indicators in both developing and developed countries.
• The spore strips segment will hold the second largest market share during the forecast period owing to the high demand and low cost of spore strips.
• The healthcare facilities segment dominated the market in 2022 owing to the increasing prevalence of hospital-acquired infections worldwide. The pharmaceutical & medical device companies segment holds the second-largest share due to rising sterilization caused by product recalls worldwide.
• North America is estimated to dominate the steam and hydrogen peroxide biological indicators market share during the forecast period. The growth is attributed to the region's rising emphasis on healthcare facilities.

Table of Segmentation: