According to the latest report by IMARC Group, titled “Sterilization Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global sterilization services market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
Sterilization Services Market Overview:
The global sterilization services market size 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 is the process of removing all types of microorganisms present in the environment. It includes heat, irradiation, high pressure, chemicals, and filtration that kill bacterial spores. Some of the commonly used sterilization methods are steam sterilization, dry heat sterilization, electron beam radiation, and ethylene oxide (ETO). These methods limit further transmission of the microorganisms by killing bacteria, fungi, and viruses to ensure a cleaner environment. Owing to these properties, sterilization services are widely adopted across the pharmaceutical and healthcare industries.
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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.
Sterilization Services Market Trends and Drivers:
The market is primarily driven by the expanding healthcare industry across the globe. In addition, the rising incidences of hospital-acquired infections (HAIs) due to a lack of sanitation represent another major growth-inducing factor. Moreover, the increasing prevalence of chronic diseases and the rising number of surgical procedures requiring high-intensity infection prevention is contributing to the market growth.
Besides this, the market is further propelled by the sudden outbreak of coronavirus disease (COVID-19) pandemic and consequent concerns regarding virus transmission across commercial and residential spaces.
Furthermore, various technological advancements such as the introduction of low-temperature sterilization systems that enhance instrument capability and the implementation of various government initiatives to ensure a high degree of infection prevention are also creating a favorable market outlook.
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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.
Some of these key players include:
- 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
- Stryker Corporation
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
Market 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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