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The latest report by IMARC, titled “ SterilizationServicesMarket:GlobalIndustryTrends,Share,Size,Growth,OpportunityandForecast 2023-2028
” " the global sterilization services market size reached US$ 3.6 Billion in 2022.
Sterilization services refer to the process of eliminating microbial pathogens from the environment or surfaces. It includes various procedures, including steam, dry heat, chemical, radiation, filtration, and plasma sterilizations. These services are widely used by hospitals, clinics, biotechnology laboratories, medical equipment manufacturers, and pharmaceutical companies.
They ensure the safety and efficacy of medical instruments, improve product service life, prevent contaminations, and minimize the risk of infections and disease transmission. Sterilization services also aid in promoting a healthy environment, ensuring regulatory compliance, and protecting the health of staff, workers, and patients.
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The significant growth in the healthcare industry is one of the key factors creating a positive outlook for the market. Sterilization services are widely used by various healthcare facilities, such as hospitals, clinics, ambulatory surgical centers, nursing homes, rehabilitation centers, hospices, and diagnostic laboratories, to prevent disease transmission, reduce the risk of infection, and ensure the safety of medical equipment, surgical instruments, patient wards, and operating rooms (ORs). Furthermore, sterilization services are being widely adopted in the pharmaceutical industry to prevent sample contamination, ensure drug safety, and sterilize manufacturing equipment, storage facility, and various packaging, such as vials, ampoules, and syringes, which in turn is providing an impetus to the market growth. Additionally, the introduction of eco-friendly sterilization techniques, such as vaporized hydrogen peroxide (VHP), that do not generate toxic by-products and offers broad-spectrum anti-microbial properties against spores, mycobacteria, viruses, and fungi, is positively influencing the market growth. Moreover, the emerging trends of outsourcing sterilization services to access specialized expertise, reduce costs, and increase efficiency is propelling the market growth. Other factors, including rising incidences of healthcare-associated infections (HAI), increasing investment in the research and development (R&D) of advanced sterilization techniques, and growing consumer awareness regarding the importance of sterilization, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 5.1 Billion by 2028, exhibiting a CAGR of 6% during 2023-2028.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
MarketSummary:
BreakupbyMethod:
• Ethylene Oxide Sterilization
• Gamma Sterilization
• Steam Sterilization
• Electron Beam Radiation Sterilization
• Others
BreakupbyType:
• Contract Sterilization Services
• Sterilization Validation Services
BreakupbyModeofDelivery:
• Off-Site Sterilization Services
• On-Site Sterilization Services
BreakupbyEndUser:
• Hospitals and Clinics
• Medical Device Companies
• Pharmaceutical and Biotechnology Companies
• Others
BreakupbyRegion:
• 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
CompetitiveLandscapewithKeyPlayers:
• 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
• Stryker Corporation.
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