Share this article Share this article ResearchAndMarkets.com's offering. The global market for sterilization equipment is expected to grow at a CAGR of 7.73% during the estimated period of 2019-2028. The increased number of surgical procedures, along with stringent protocols by healthcare bodies against hospital-acquired infections, are major factors driving the global market on a positive growth trajectory. Additionally, the increased demand from the pharmaceutical industry, and opportunities from the food & beverage industry opens several avenues for the sterilization equipment market's development. However, the increased cost of sterilization equipment and regulations in manufacturing this equipment is limiting the progress of the sterilization equipment market.