Global Sterilization Services Market is expected to foresee significant growth during the forecast period. North America to witness the highest growth
Global Sterilization Services Market is expected to reach the market valuation of US$ XX million by 2027 expanding at a reasonable CAGR of XX% during the forecast period (2021-2027) from US$ XX million in 2020. Sterilization services are utilized by the medical technology industry to rid medical and diagnostic devices of bacteria and other microorganisms. Such services include electron beam sterilization, ethylene oxide sterilization, steam sterilization, and other procedures.
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 are expected to offer high-growth opportunities for market players during the forecast period.
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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. For instance, 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.
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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. For Instance: the FDA has recommended that Sterigenics should reopen its ethylene oxide-based sterilization plant in the US. The plant had been shut due to harmful emissions, which were believed to be carcinogenic. In March 2020, the company received permission to reopen the plant for 21 days to sterilize PPE for healthcare workers to use during the COVID-19 pandemic.
Based on the Type, the market is mainly fragmented into ETO, Gamma, Steam, X-Ray. The ETO segment dominated the market and gathered XX % in 2020. Moreover, the segment is anticipated to maintain its dominance during the analyzed period. 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.
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Additionally, the report provides detailed initiatives that are being taken in the field of Sterilization Services. The market is classified into distinct regions including North America (the U.S, Canada, Rest of North America), Europe (Germany, France, Spain, Italy, and United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, and the Rest of APAC), Rest of World has been conducted. North America dominated the market with US$ XX million in 2020 of prime importance, increasing awareness among consumers on sterilization services for medical devices and single-use products, and preventive healthcare have greatly boosted the demand for sterilization services. The United States Sterilization Services Market is projected to grow with a significant CAGR in the forecast period.
Global Sterilization Services Market Segmentation
Market Insight, by Method
Market Insight, by Type
- Contract Sterilization
- Validation Services
Market Insight, by Delivery Mode
Market Insight, by End User
- Hospitals & Clinics
- Medical device companies
- Pharmaceuticals & Biotechnology companies
Market Insight, by Region
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- Sterigenics U.S.
- LLC – A Sotera Health company
- Life Science Outsourcing, Inc.
- Cantel Medical
- Cretex Companies
- E-BEAM Servicess, Inc.
- Johnson & Johnson Servicess Inc.
- Medline Industries, Inc.