Chicago, Aug. 02, 2023 (GLOBE NEWSWIRE) -- In the near future, the sterilization services industry is poised for significant growth and transformation, driven by a growing emphasis on global health and safety standards. As the world becomes increasingly interconnected and aware of the importance of infection control, sterilization services will play a critical role in safeguarding public health across various sectors, including healthcare, food production, and manufacturing. Advanced technologies, such as innovative disinfection methods, robotics, and artificial intelligence, will revolutionize the industry, ensuring faster and more efficient sterilization processes. Moreover, the increasing adoption of single-use medical devices and the proliferation of pharmaceutical products will fuel demand for reliable and scalable sterilization solutions. In response, the industry will witness substantial investments in research and development, as well as collaborations between key stakeholders to enhance sterilization techniques and reduce environmental impacts. Overall, the sterilization services industry is set to thrive in the near future as a pivotal force in maintaining a safer and healthier world.
Sterilization Services market in terms of revenue was estimated to be worth $4.5 Billion in 2022 and is poised to reach $5.9 Billion by 2027, growing at a CAGR of 5.5% from 2022 to 2027 according to a latest report published by MarketsandMarkets™. Increased outsourcing of sterilization services among different end users, increased adoption of sterilization techniques by the food industry, increasing volume of surgical procedures performed, and growing prevalence of nosocomial infections are expected to drive the growth of sterilization services market.
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Sterilization Services Market Scope:
| Report Coverage | Details |
| Market Revenue in 2022 | $4.5 Billion |
| Estimated Value by 2027 | $5.9 Billion |
| Growth Rate | Poised to grow at a CAGR of 5.5% |
| Market Size Available for | 2018–2027 |
| Forecast Period | 2022–2027 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Method, Type, Mode of Delivery, End User |
| Geographies Covered | North America, Europe, Asia Pacific, Latin America, the Middle East and Africa |
| Report Highlights | Updated financial information / product portfolio of players |
| Key Market Opportunities | Growing medical device and pharmaceutical companies in emerging economies |
| Key Market Drivers | Growing prevalence of hospital acquired infections (HAIs) |
Sterilization Services market major players covered in the report, such as:
- STERIS plc (US)
- Sotera Health Company (US)
- Stryker Corporation (US)
- Advanced Sterilization Products (ASP, US)
- E-BEAM Services Inc. (US)
- MMM Group (Germany)
- Belimed AG (Switzerland)
- BGS Beta-Gamma-Service GmbH & Co. KG (Germany)
- Medistri SA (Switzerland)
- Noxilizer Inc. (US)
- H.W.Andersen Products Ltd. (US)
- Cosmed Group (US)
- Cretex Companies Inc. (US)
- Life Science Outsourcing Inc. (US)
- MICROTROL Sterilisation Services Pvt. Ltd. (India)
- Medline Industries Inc. (US)
- Avantti Medi Clear (Mexico)
- Steripure SAS (France)
- Europlaz Technologies Limited (UK)
- Centerpiece (US)
- Midwest Sterilization Corporation (US)
- Blue Line Sterilization Services LLC (US)
- SteriPack Group (Ireland)
- Steri-Tek (US)
- Sterilization Services (US)
- and Among Others
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The study categorizes the Sterilization Services Market based on method, type, mode of delivery, end user, and regional and global level.
Global Sterilization Services Market, by Method
- X-ray Irradiation
- EtO Sterilization
- Gamma Sterilization
- Other Methods
- E-beam Sterilization
- Steam Sterilization
Global Sterilization Services Market, by Type
- Sterilization Validation Services
- Contract Sterilization Services
Global Sterilization Services Market, by Mode of Delivery
- On-Site Sterilization Services
- Off-Site Sterilization Services
Global Sterilization Services Market, by End User
- Medical Device Companies
- Hospitals & Clinics
- Other End Users
- Pharmaceutical & Biotechnology Companies
Global Sterilization Services Market, by Region
- North America
- Canada
- US
- Europe
- UK
- Germany
- Italy
- France
- Switzerland
- Rest of Europe
- Spain
- Asia Pacific
- India
- China
- Southeast Asia
- Rest of APAC
- Japan
- Latin America
- Mexico
- Rest of Latin America
- Brazil
- Middle East & Africa
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The key stakeholders in the Sterilization Services market include:
- Healthcare Facilities: Hospitals, clinics, and healthcare centers are significant stakeholders as they heavily rely on sterilization services to ensure the safety and efficacy of medical equipment, instruments, and supplies, thus preventing healthcare-associated infections.
- Pharmaceutical and Biotech Companies: These companies require reliable sterilization services to maintain the purity and sterility of pharmaceutical products, including drugs, vaccines, and medical devices.
- Food and Beverage Industry: Food manufacturers, processors, and restaurants rely on sterilization services to eliminate harmful pathogens and bacteria, ensuring food safety and extending shelf life.
- Medical Device Manufacturers: Sterilization services are critical for medical device manufacturers to meet regulatory requirements and ensure their products are safe and free from contaminants.
- Contract Sterilization Service Providers: These companies specialize in offering sterilization services to various industries and play a vital role in meeting the sterilization needs of their clients.
- Regulatory Authorities: Government and regulatory bodies set standards and guidelines for sterilization practices to ensure compliance and uphold public health and safety.
- Research Institutions: Research facilities and laboratories require sterilization services to maintain a sterile environment for conducting experiments and handling sensitive materials.
- Environmental Agencies: Stakeholders concerned with environmental impact and waste management are involved in monitoring and regulating sterilization practices to minimize their ecological footprint.
- Patients and Consumers: The ultimate beneficiaries of sterilization services are patients and consumers who rely on safe and sterile medical products and food items.
- Technology Providers: Companies that develop and supply sterilization equipment and technologies play a crucial role in advancing the industry's capabilities and efficiency.
These stakeholders work together to ensure that sterilization services meet stringent quality and safety standards across various industries, promoting public health and safety.
Recent Developments:
- In 2022, BGS Beta-Gamma-Service GmbH & Co. KG expanded its laboratory in Wiehl to meet the increased need for sterilization services in the sectors of biotechnology, medicine, and diagnostics for radiation cross-linking.
- In 2022, Sterigenics expanded its electron beam facility located in Columbia city, Indiana. This facility provides mission-critical E-beam sterilization services to help ensure the safety of medical devices and drug products.
- In 2021, STERIS acquired Cantel, which is a provider of infection prevention services, and this acquisition will strengthen the STERIS leadership in infection prevention by bringing together two complementary businesses.
- In 2020, STERIS added X-rays to its product portfolio in the existing gamma irradiation by an expansion of its facility in Thailand.
Frequently Asked Questions (FAQs) of Sterilization Services Market:
Q1. What is the total market value of Sterilization Services Market report?
Q2. Which are the top companies holding the market share in Sterilization Services Market?
Q3. Which are the largest regions for this Market?
Q4. What is the leading technology of Sterilization Services Market?
Q5. What are the major drivers for this specific Market?
Q6. What are the upcoming key trends in the Sterilization Services Market report?
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Report Objectives:
- To define, describe, segment, and forecast the sterilization services market by method, type, mode of delivery, end user, and region
- To provide detailed information about factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
- To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
- To forecast the size of the market in five main regions (along with their respective key countries), namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
- To profile key players in the market and comprehensively analyze their core competencies and market shares
- To track and analyze competitive developments, such as acquisitions, and expansions, of the leading market players
- To benchmark players within the sterilization services market using the “Company Evaluation Quadrant” framework, which analyzes market players on various parameters within the broad categories of business strategy, market share, and product offering
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