The market for Sterilization Services Market was estimated to be worth USD 10.92 billion in 2023, and it is anticipated that total revenue from sterilization services will increase at a compound annual growth rate (CAGR) of 8.2% between 2024 and 2030, to reach approximately USD 18.97 billion.
Overview of the Global Sterilization Services Market:
In medical facilities, sterilization is a process that eliminates or destroys all forms of microbiological life through physical or chemical means. In order to stop infectious bacteria from spreading to patients through medical and surgical equipment, sterilization services are essential. One important strategy for stopping the spread of COVID-19 and directly combating SARS-CoV-2 was sterilization.
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Market Dynamics for Sterilization Services:
Hospital-acquired infections (HAIs) are becoming more common.
Nosocomial infections that develop during a patient's stay in a hospital or related facility and are not identified at the time of admission are known as hospital-acquired infections (HAIs). Over the years, they have been a significant cause of illness and death on a worldwide scale. The most common bacteria associated with Hals are C. difficile, MRSA, Klebsiella, E. coli, Enterococcus, and Pseudomonas species. The use of tainted medical equipment for diagnosis and treatment is a major source of Hals.
Sterilization Services Market Regional Insights
North American regional market is expected to grow at a CAGR of 7.7% during the forecast period and is expected to dominate the market at the end of the forecast period owing to factors such as rising hospital-acquired infections, high patient registration rates, technological developments in healthcare centers, strong presence of industry players in the region, rising government funding, public awareness of available technologies, and a high concentration of market players in the United States.
Due to a sizable population base and rising medical tourism from a number of emerging economies, the Asia Pacific market is anticipated to expand significantly over the course of the projected period. The market for sterilizing services is also anticipated to rise as a result of the growing need for reusable medical equipment. The industry's reach is also being expanded as top market corporations try to penetrate unexplored markets like China, Korea, and India.
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Sterilization Services Market Segmentation
by Method
ETO Sterilization
Gamma Sterilization
E-Beam Sterilization
Steam Sterilization
X-ray Irradiation
Other Methods
According to Method, the ETO Sterilization segment led the Sterilization Services market in 2023 with the largest revenue share and is anticipated to expand at a compound annual growth rate (CAGR) of 8.0% throughout the course of the forecast year. Due to its affordability and compatibility, ETO is now anticipated to be the most widely and often used sterilizing method. Specialized health kits, on the other hand, contain devices and medications that are incompatible with radiation and other sterilizing techniques. The use of ETO is anticipated to rise due to the growing development of health kits and the fact that it is compatible with most products, which will propel sector growth over the course of the projected period.
by Type
Contract Sterilization Services
Sterilization Validation Services
by Mode of Delivery
Off-Site Sterilization Services
On-Site Sterilization Services
by End-User
Hospitals & Clinics
Medical Device Companies
Pharmaceutical & Biotechnology Companies
Other End Users
Sterilization Services Market Key Players
1. STERIS plc.
2. Sotera Health Company
3. Stryker Corporation
4. Advanced Sterilization Products
5. E-BEAM Services, Inc.
6. MMM Group
7. Belimed AG
8. BGS Beta-Gamma-Service GmbH & Co. KG
9. Medistri SA
10. Noxilizer, Inc.
11. H.W.Andersen Products Ltd.
12. Cosmed Group
13. Cretex Companies, Inc.
14. Life Science Outsourcing, Inc.
15. MICROTROL Sterilisation Services Pvt. Ltd.
16. Medline Industries, Inc.
17. Avantti Medi Clear
18. Steripure SAS
19. Europlaz Technologies Limited
20. Centerpiece
21. Midwest Sterilization Corporation
22. Blue Line Sterilization Services LLC
23. SteriPack Group
24. Steri-Tek
25. Sterilization Services
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Key questions answered in the Sterilization Services Market are:
- What is Sterilization Services ?
- What will be the CAGR at which the Sterilization Services market will grow?
- What is the growth rate of the Sterilization Services Market?
- What are the industry trends that can be implemented to generate additional revenue streams for the Sterilization Services Market?
- Who are the leading companies and what are their portfolios in Sterilization Services Market?
- What segments are covered in the Sterilization Services Market?
- Which are the factors expected to drive the Sterilization Services market growth?
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