Rising Prevalence of Chronic Diseases are propelling the Growth of the Terminal Sterilization Services Market in the APAC Region!

The Asia Pacific is home to a large patient population as the region consists of countries such as China, India, Japan, Malaysia, Indonesia, and others. The increasing demand for medical devices and pharmaceuticals in the APAC region is one of the key factors driving the growth of the terminal sterilization services market. The rising prevalence of chronic diseases and increasing healthcare expenditure are also contributing to the demand for terminal sterilization services. For instance, according to a Ministry of Health, Labor, and Welfare report, in 2020, 378,356 people died of cancer in Japan. This accounts for 27.6% of all deaths that year and equates to one in four people dying of cancer.

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Further, the Asia-Pacific Terminal Sterilization Services Market is expected to grow at a strong CAGR of 12% during the forecast period (2022-2028). The geriatric population in the region is becoming a major concern for healthcare facilities in dealing with the rising number of patients and hospitalization cases which results in increased incidences of hospital-acquired infection, and it becomes important for the increasing adoption of terminal sterilization services in the region.

Based on product, the market is segmented into ethylene oxide, irradiation, moist heat terminal sterilization, and others. Ethylene oxide held dominating share in 2021. The growth of ethylene oxide in the terminal sterilization services market is primarily driven by the increasing demand for EtO sterilization due to its effectiveness in sterilizing complex and heat-sensitive medical devices and equipment.

Based on the end-use, the market is segmented into hospitals & clinics, pharma & nutraceuticals, medical device manufacturing/packaging, and others. The pharma & nutraceuticals segment is expected to grow with considerable CAGR in the terminal sterilization services market during the forecast period. This is mainly due to the disposable terminal sterilization services being sterile and designed for single use, which reduces the risk of infection or contamination. In addition, the stringent regulations and guidelines for the production and distribution of sterile pharmaceutical and nutraceutical products are also contributing to segmental growth.

For a detailed analysis of the Global Terminal Sterilization Services Market browse through –https://univdatos.com/report/terminal-sterilization-services-market/

Global Terminal Sterilization Services Market Segmentation

Market Insight, by Product

· Ethylene Oxide

· Irradiation

· Moist Heat Terminal Sterilization

· Others

Market Insight, by End-use

· Hospitals, & Clinics

· Pharma & Nutraceuticals

· Medical Device Manufacturing/Packaging

· Others

Market Insight, by Region

· North America

o U.S.

o Canada

o Rest of North America

· Europe

o Germany

o UK

o France

o Italy

o Spain

o Rest of Europe

· APAC

o China

o Japan

o India

o Rest of APAC

· Rest of the World

Top Company Profiles

· STERIS

· 3M

· Getinge AB

· Fortive

· Belimed AG

· Sterigenics U.S., LLC

· Fedegari Autoclavi SpA

· Olympus Corporation

· Andersen Sterilizers

· Steelco S.p.A.