According to the latest report by IMARC Group, titled “Global Sterilization Services Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global sterilization services market reached a value of US$ 3.36 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4.86 Billion by 2027, exhibiting a CAGR of 6.10% during 2022-2027.
Sterilization refers to the elimination and reduction of unwanted microorganisms present in the environment. In this process, physical and chemical methods are used to get rid of pathogenic organisms such as viruses, fungi, microbes, and spores. Sterilization services include heating, chemical treatment, irradiation, high-pressure, and filtration, which reduces the risk of cross-infection from equipment, surfaces, and skin. The most common sterilization services include electron beam radiation, e-beam sterilization, and ethylene oxide (ETO), which clean the environment and prevent the transmission of germs and communicable diseases. As a result, they find extensive application across the healthcare and pharmaceutical industries.
Base Year: 2021
Forecast Year: 2022-2027
Sterilization Services Market Trends and Drivers:
The global sterilization services market is primarily driven by the significant growth of the healthcare industry. The rising geriatric population and incidences of hospital-acquired infections (HAI) among patients are also fueling the market growth.
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In addition, the increasing number of surgical procedures that need high-intensity infection prevention and control, owing to the rising instances of lifestyle and chronic diseases such as diabetes, cancer, obesity, and respiratory disorders, is also escalating the demand for sterilization services.
Furthermore, technological advancements in sterilization equipment like low-temperature sterilization systems that offer expanded instrument capability, shorter cycles, improved material compatibility, and eco-friendly properties are expected to create a positive outlook for the market in the upcoming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Sterilization Services Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
B. Braun Medical Ltd, Belimed AG (Metall Zug AG), BGS Beta-Gamma-Service GmbH & Co. KG, E-BEAM Services Inc, Fortive Corporation, Medistri SA, MMM Group, Noxilizer Inc., Sotera Health Company, Steris Corporation and Stryker Corporation.
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The report has segmented the market on the basis of region, method, type, mode of delivery and end user.
Breakup by Method:
• Ethylene Oxide Sterilization
• Gamma Sterilization
• Steam Sterilization
• Electron Beam Radiation Sterilization
Breakup by Type:
• Contract Sterilization Services
• Sterilization Validation Services
Breakup by Mode of Delivery:
• Off-Site Sterilization Services
• On-Site Sterilization Services
Breakup by End User:
• Hospitals and Clinics
• Medical Device Companies
• Pharmaceutical and Biotechnology Companies
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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