Sterilization Services Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Method (Ethylene Oxide (ETO) Sterilization, Gamma Sterilization, Electron Beam (E-Beam) Radiation Sterilization, Steam Sterilization, X-Ray Irradiation, Others); Type (Contract Sterilization Services, Sterilization Validation Services); Delivery Mode (Off-Site Sterilization Services, On-Site Sterilization Services); End-User (Hospitals & Clinics, Medical Device Companies, Pharmaceutical & Biotechnology Companies, Others); Region/Country

Pages:

231

Table:

65

Figure:

136

Report ID:

UMHE21391

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Report Description
Table of content
Research Methodology

Report Description

Sterilization Services Market 1
Sterilization Services Market 1

Sterilization Services Market was valued at US$ 3.5 billion in 2020 and is expected to grow at a CAGR of 6% over the forecast period (2021-2027).The growth of the sterilization services market can largely be attributed to factors such as the high incidence of hospital-acquired infections; the increasing number of surgical procedures; the growing focus on food sterilization; and the increasing outsourcing of sterilization services among pharmaceutical companies, hospitals, and medical device manufacturers. In addition, the growing medical device, and pharmaceutical companies in emerging economies, increasing use of E-beam sterilization, reintroduction of ethylene oxide sterilization, and the growing healthcare industry and outsourcing of operation to emerging countries.

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Over the years, there has been a significant rise in the number of surgical procedures performed worldwide. According to the WHO (2019), approximately 235 million major surgical procedures are performed worldwide every year. This is attributed to the growing prevalence of obesity and other lifestyle diseases, the rising geriatric population, and the increasing incidence of spinal injuries and sports-related injuries. The growing number of surgical procedures performed has resulted in the increasing demand for different surgical equipment and medical devices. This is expected to drive the demand for sterilization services due to the proven benefits of sterilized products and growing awareness about their effectiveness in healthcare settings.

Equipment sterilization plays a critical role in preventing the spread of COVID-19 in healthcare settings. During the outbreak, patient-to-patient pathogen transmission via medical devices can be entirely prevented by properly sterilizing medical devices. The usage of reprocessed equipment to disinfect or sterilize medical devices is higher than normal during the pandemic since improper decontamination of surgical instruments, endoscopic devices, respiratory care devices, and reusable hemodialysis machines can increase the chances of COVID-19. This has increased the demand for sterilization services to ensure the proper sterilization of medical devices. Considering the higher demand for sterilization, governments and corporations are taking various initiatives to increase their sterilization capacity. In 2020, Sotera Health Company acquired Iotron, a key outsourced provider of E-beam sterilization services in North America. This acquisition helped expand its electron beam (E-beam) footprint and added new expertise to its Sterigenics business. These strategic initiatives by key participants are anticipated to drive the market for Sterilization Services in the coming years.

The Sales Growth of Selected Disinfection Product In The United States, As of February 2020

Sterilization Services Market 2
Sterilization Services Market 2

Some of the leading companies operating in the market include STERIS plc, Sotera Health Company, Stryker Corporation, Advanced Sterilization Products, E-BEAM Services, Inc., MMM Group, Belimed AG (Switzerland), BGS Beta-Gamma-Service GmbH & Co. KG, Medistri SA, and Noxilizer, Inc.

Insights Presented in the Report

“Amongst method, Ethylene Oxide (ETO) segment holds the major share.”

Based on method, the market has been classified into ethylene oxide (ETO) sterilization, gamma sterilization, electron beam (e-beam) radiation sterilization, steam sterilization, x-ray irradiation, and other sterilization methods. The ethylene oxide (ETO) sterilization segment accounted for the largest share of the sterilization services market in 2020. This segment’s large share can be attributed to its extensive usage in various applications, including medical device sterilization, food testing, pharmaceutical sterilization, and sterilization and disinfection in the life sciences industry.

“Amongst Type, contract sterilization segment holds the major share.”

Based on type, the sterilization services market has been segmented into contract sterilization services and sterilization validation services. The contract sterilization services segment accounted for the highest CAGR of the sterilization services market during the forecast period.

“Amongst Delivery mode, off-site segment dominated the market during the forecast period.”

Based on Delivery mode, the sterilization services market has been segmented into off-site sterilization services and on-site sterilization services. In 2020, the off-site sterilization services segment accounted for a larger share of the sterilization services market. The limited availability of space in in-house sterile processing departments, better efficiency of contract sterilization process than in-house sterilization, greater output with less financial risk, and the cost reduction benefits offered by off-site sterilization services are the key factors supporting the segment’s large share. “Amongst End-User, medical device companies segment dominated the market during the forecast period.”

Based on end user, the sterilization services market has been segmented into hospitals & clinics, medical device companies, pharmaceutical & biotechnology companies, and others (food & beverage industry, cosmetic industry, dietary supplement manufacturers, veterinary industry, and other healthcare providers, such as long-term care facilities and diagnostic & imaging centres). Growth in this segment is majorly attributed to the rising prevalence of HAIs, increasing adoption of single-use medical devices, the growing medical device industry, and the rising number of surgical procedures worldwide.

“North America represents one of the largest markets of Sterilization Services market.”

For a better understanding of the market dynamics of the Sterilization Services market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), Rest of World has been conducted. North America dominated the market and generated revenue of US$ XX million in 2020 owing to the rising per capita income.

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  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

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 1.1.Market Definitions
 1.2.Objective of the Study
 1.3.Limitation
 1.4.Stake Holders
 1.5.Currency Used in Report
 1.6.Scope of the Global Sterilization Services Market Study

 

 2.1.Research Methodology for the Global Sterilization Services Market
  2.1.1.Main Objective of the Global Sterilization Services Market

 

 7.1.ETO
 7.2.Gamma
 7.3.Steam
 7.4.X-Ray
 8.1.Contract Sterilization
 8.2.Validation Services

 

 9.1.Off-site 
 9.2.On-site

 

 10.1.Hospitals & Clinics
 10.2.Medical device companies
 10.3.Pharmaceuticals & Biotechnology companies

 

 11.1.North America Sterilization Services Market 
  11.1.1.The U.S 
  11.1.2.Canada 
  11.1.3.Rest of North America
 11.2.Europe Sterilization Services Market 
  11.2.1.Germany 
  11.2.2.France 
  11.2.3.U.K. 
  11.2.4.Spain 
  11.2.5.Italy 
  11.2.6.Rest of Europe
 11.3.Asia Pacific Sterilization Services Market
  11.3.1.China 
  11.3.2.Japan 
  11.3.3.India 
  11.3.4.Australia 
  11.3.5.Rest of Asia Pacific
 11.4.Rest of the World Sterilization Services Market 

 

 12.1.Market Drivers 
 12.2.Market Challenges
 12.3.Impact Analysis

 

 14.1.Demand Side Analysis
 14.2.Supply Side Analysis
  14.2.1.Top Product Launches
  14.2.2.Top Business Partnerships
  14.2.3.Top Merger & Acquisitions
 18.1.Porter’s Five forces analysis
  18.1.1.Bargaining power of Supplier
  18.1.2.Bargaining power of Buyer
  18.1.3.Industry Rivalry
  18.1.4.Availability of Substitute
  18.1.5.Threat of new Entrants

 

 19.1.Medline Industries, Inc. 
  19.1.1.Key Facts  
  19.1.2.Business Description
  19.1.3.Key Product/Services Offerings
  19.1.4.Growth Strategy 
  19.1.5.SWOT Analysis 
  19.1.6.Key Financials 
   19.1.6.1.Revenue Split
   19.1.6.2.Financial Overview of Medline Industries, Inc.
  19.1.7.Recent Developments
   19.1.7.1.Product Launch
   19.1.7.2.Partnerships
   19.1.7.3.Business Expansion and Investments
   19.1.7.4.Merger and Acquisition
 19.2. TERIS   
 19.3. Sterigenics U.S.  
 19.4. LLC – A Sotera Health company
 19.5.Life Science Outsourcing, Inc. 
 19.6.Noxilizer   
 19.7.Cantel Medical  
 19.8.Cretex Companies  
 19.9.E-BEAM Servicess, Inc. 
 19.10.Johnson & Johnson Servicess Inc.
 19.11.3M    

 

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the Global Sterilization Services Market were the three major steps undertaken to create and analyze the adoption of Sterilization Services across major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Sterilization Services sector. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detailed secondary study was conducted to obtain the historical market size of the Sterilization Services through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Sterilization Services market, we conducted a detailed secondary analysis to gather historical market insights and share for different technologies & Equipment types for major regions. Major segments included in the report are Method, Type, Delivery mode, End-User and regions. Further country-level analyses were conducted to evaluate the overall adoption of Sterilization Services in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Sterilization Services. Further, we conducted factor analysis using dependent and independent variables such as the surging demand for Digital health. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the Sterilization Services industry across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Sterilization Services market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of Sterilization Services across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the Sterilization Services market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Sterilization Services Market 3
Sterilization Services Market 3

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Sterilization Services market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type and product type of the Sterilization Services market.

Main Objective of the Sterilization Services Market Study

The current & future market trends of Sterilization Services were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of Sterilization Services in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of application, product type and end-user sector.
  • Define and analysis of the regulatory framework for the Sterilization Services industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the Sterilization Services market for the major region.
  • Major regions studied in the report include North America (the U.S and Canada), Europe (Germany, France, U.K Spain, and Italy), Asia-Pacific (China, Japan, Australia, and India), Rest of the World
  • Company profiles of the Sterilization Services market and the growth strategies adopted by the market players to sustain in the fast-growing market.
  • Deep dive regional level analysis of the industry