Global Sterilization Services Market Size, Trends & Growth Opportunity, By Method (Ethylene Oxide Sterilization, Gamma Sterilization, Steam Sterilization, and Electron Beam Radiation Sterilization),By Business Type (Contract Sterilization Services, and Sterilization Validation Services), By End User (Medical Device Companies, Hospitals & Clinics, Pharmaceutical & Biotechnology Companies),By Region and Forecast till 2027.
Report ID : IR100677 | Industries : Healthcare | Published On :May 2024 | Page Count : 243
Global Sterilization Services Market Size, Trends & Growth Opportunity, By Method (Ethylene Oxide Sterilization, Gamma Sterilization, Steam Sterilization, and Electron Beam Radiation Sterilization),By Business Type (Contract Sterilization Services, and Sterilization Validation Services), By End User (Medical Device Companies, Hospitals & Clinics, Pharmaceutical & Biotechnology Companies),By Region and Forecast till 2027
Global Sterilization Services Market
Global Sterilization Services Market was valued at USD 4.8 billion in 2022 and is slated to reach at USD 5.97 billion by 2027 at a CAGR of 5.74% from 2022-2027.
Sterilization services are called as the method of elimination any unwanted micro-organisms and microbes present in a particular environment. Sterilization services are carried out so that no any unwanted form of life is left. These methods carried out in various methods such as Ethylene Oxide Sterilization, Gamma Sterilization, Steam Sterilization, and Electron Beam Radiation Sterilization with the help of chemicals, heat, or radiation.
Market Drivers
Increase in availing of outsourcing the sterilization services to specific companies by the healthcare industry considered as the key driving factor which is expected to boost the global sterilization services market growth. Furthermore, surgical procedures in the market thereby increase in need for sterilization of surgical rooms will positively contribute the market growth. Also, continuous technological advancements in the sterilization services will fuel the market growth. Moreover, rise in research and development activities over the past couple of decades have primarily focused on studying the nature of low-pressure plasma sterilization. Some of the most extensively used sterilization systems and services that are studied across the globe include inductively coupled plasma, electron cyclotron resonance plasma, and capacitively coupled plasma will drive the market growth during this analysis period.
Market Restraints
However, a harmful effect of ethylene oxide is the major challenging factor which is expected to hinder the global sterilization services market growth. Also, difficulties and complications associated with sterilization of advanced medical instruments is another challenging factor which is expected to obstruct the market growth during this analysis period.
Impact of COVID-19
It is projected that the COVID-19 epidemic will benefit the market for sterilising services. Due to increased ethylene oxide (ETO) sterilisation use in numerous applications, including medical device sterilisation, pharmaceutical sterilisation, and sterilisation & disinfection in the life sciences industry, this market is predicted to grow. Since improper decontamination of medical devices can increase the risk of COVID-19, the use of reprocessed equipment to sterilise or disinfect medical devices is more prevalent than usual during the COVID-19 pandemic. To assure the proper sterilisation of medical devices, this has increased demand for sterilisation services.
Recent development
According to a June 2022 The Built In article, Beth Israel Deaconess Medical Center physicians used AI-enhanced microscopes to scan blood samples more quickly than is possible with manual screening for dangerous pathogens like E. coli and staphylococcus. To teach the computers how to look for bacteria, the researchers used 25,000 photos of blood samples. Then, with 95% accuracy, the devices learned to recognise and forecast dangerous pathogens in blood.
Market Segmentation
Global Sterilization Services Market is segmented into method such as Ethylene Oxide Sterilization, Gamma Sterilization, Steam Sterilization, and Electron Beam Radiation Sterilization, by business type such as Contract Sterilization Services, and Sterilization Validation Services. Further, market is segmented into end user such as Medical Device Companies, Hospitals & Clinics, Pharmaceutical & Biotechnology Companies.
Regional Analysis
Also, Global Sterilization Services Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Steris, Cretex Companies, Medistri, Beta-Gamma-Service, Sterigenics International, Cosmed Group, Life Science Outsourcing, and Noxilizer
Market Taxonomy
By Method
• Ethylene Oxide Sterilization
• Gamma Sterilization
• Steam Sterilization
• Electron Beam Radiation Sterilization
By Business Type
• Contract Sterilization Services
• Sterilization Validation Services
By End User
• Medical Device Companies
• Hospitals & Clinics
• Pharmaceutical & Biotechnology Companies
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Sterilization Services Market?
• What will be the growth rate from 2019 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
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Global Sterilization Services Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Sterilization Services Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Sterilization Services Market, By Method
5.1 Y-o-Y Growth Comparison, By Method
5.2 Global Sterilization Services Market Share Analysis, By Method
5.3 Global Sterilization Services Market Size and Forecast, By Method
5.3.1 Ethylene Oxide Sterilization
5.3.2. Gamma Sterilization
5.3.3. Steam sterilization
5.3.4. Electron Beam Radiation Sterilization
6 Global Sterilization Services Market , By Business Type
6.1 Y-o-Y Growth Comparison, By Business Type
6.2 Global Sterilization Services Market Share Analysis, By Business Type
6.3 Global Sterilization Services Market Size and Forecast, By Business Type
6.3.1 Contract Sterilization Services
6.3.2 Sterilization Validation Services
7 Global Sterilization Services Market, End User
7.1 Y-o-Y Growth Comparison, End User
7.2 Global Sterilization Services Market Share Analysis, End User
7.3 Global Sterilization Services Market Size and Forecast, End User
7.3. 1 Medical device companies
7.3.2 Hospitals & Clinics
7.3.3. Pharmaceutical & Biotechnology Companies
8Global Sterilization Services Market, By Region
8.1 Global Sterilization Services Market Share Analysis, By Region
8.2 Global Sterilization Services Market Share Analysis, By Region
8.3 Global Sterilization Services Market Size and Forecast, By Region
9 North America Sterilization Services Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 North America Sterilization Services Market Share Analysis, By Method
9.3 North America Sterilization Services Market Size and Forecast, By Business Type
9.4 North America Sterilization Services Market Size and Forecast, End User
9.5 North America Sterilization Services Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10EuropeSterilization Services Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Europe Sterilization Services Market Share Analysis, By Method
10.3 Europe Sterilization Services Market Size and Forecast, By Business Type
10.4 Europe Sterilization Services Market Size and Forecast, End User
10.5 Europe Sterilization Services Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11Asia Pacific Sterilization Services Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Asia Pacific Sterilization Services Market Share Analysis, By Method
11.3 Asia Pacific Sterilization Services Market Size and Forecast, By Business Type
11.4 Asia Pacific Sterilization Services Market Size and Forecast, End User
11.5 Asia Pacific Sterilization Services Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Sterilization Services Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Latin America Sterilization Services Market Share Analysis, By Method
12.3 Latin America Sterilization Services Market Size and Forecast, By Business Type
12.4 Latin America Sterilization Services Market Size and Forecast, End User
12.5 Latin America Sterilization Services Market Size and Forecast, Country
13Middle East Sterilization Services Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Middle East Sterilization Services Market Share Analysis, By Method
13.3 Middle East Sterilization Services Market Size and Forecast, By Business Type
13.4 Middle East Sterilization Services Market Size and Forecast, End User
13.5 Middle East Sterilization Services Market Size and Forecast, By Country
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 Steris
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Cretex Companies
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Medistri
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Beta-Gamma-Service
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Sterigenics International
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Cosmed Group
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Life Science Outsourcing
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Noxilizer
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
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