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Sunday, 14 April 2024
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Sterilization Services Market is expected to reach US$ 6,210.13 million by 2030

The global sterilization services market size is projected to grow from USD 3,367.88 million in 2022 to USD 6,210.13 million by 2030.

By The Insight Partners

Offsite Sterilization Services Held Larger Share of Sterilization Services Market

According to our new research study on "Sterilization Services Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Mode of Delivery, Method, Service Type, and End User," the sterilization services market size was valued at US$ 3,367.88 million in 2022 and is projected to reach US$ 6,210.13 million by 2030. It is estimated to register a CAGR of 7.9% during 2022–2030.

Medical devices are sterilized in different ways; these include the application of dry heat; moist heat (steam); vaporized hydrogen peroxide; radiation; ethylene oxide gas; and other sterilization methods such as vaporized peracetic acid, chlorine dioxide gas, and nitrogen dioxide. The sterilization process for some products is delicate and complex, requiring higher quality standards. The demand for sterilization processes for medical devices is continuously growing due to the increasing number of hospital-acquired and other infections, rising counts of surgical procedures, greater attention toward disinfection, and the growth of the pharmaceutical and biotechnology sectors.

Sterilization Services Market, by Method, 2022 (%)

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00004899 Source: The Insight Partners Analysis

Based on the mode of delivery, the sterilization services market is bifurcated into offsite sterilization services and onsite sterilization services. The offsite sterilization segment held a larger sterilization services market share in 2022. Further, the onsite sterilization segment is anticipated to register a higher CAGR of 8.2% during the forecast period. Many hospitals are opting for offsite sterilization services due to the increasing number of service providers and the rising trend of outsourcing sterilization services. Offsite sterilization services have been proven to be cost-effective for hospitals. Moreover, companies in this business appoint qualified staff with excellent technical know-how to provide improved services, alongside maintaining high standards by complying with government regulations. Moreover, they are coming up with innovative solutions to reduce the time and cost for customers, which triggers the demand for offsite sterilization services.

Impact of COVID-19 Pandemic on Sterilization Services Market

Before the onset of the COVID-19 pandemic, the sterilization services market size was experiencing steady growth and was influenced by various factors that shaped its dynamics. Nevertheless, the pandemic had a positive impact on the sterilization services market growth. Sterilization has been an important tool that is used to directly combat SARS-CoV-2 and stop the spread of COVID-19, especially in healthcare facilities. According to an article published in the Environmental Science and Pollution Research in May 2021, sanitizers and disinfectants were essential preventative steps to sterilize surfaces and equipment against COVID-19. The shortage of filtering facepiece respirators amid the pandemic, several healthcare facilities were obliged to reuse filtering facepiece respirators (FFRs) after using various decontamination techniques, such as gamma-irradiation (GIR).

Steris Plc, Sotera Health, Cretex Medical, Scapa Healthcare, BGS Beta-Gamma-Service GmbH & Co. KG, E-BEAM Services, Inc., Medistri SA, Midwest Sterilization Corporation (MSC), Microtrol Sterilisation Services, ClorDiSys Solutions Inc, Consolidated Sterilizer Systems, and Boulder Sterilization are among the leading companies operating in the sterilization services market.

The report segments the sterilization services market as follows:

The sterilization services market is segmented on the basis of the mode of delivery, method, service type, and end user. Based on the mode of delivery, the market is bifurcated into offsite sterilization services and onsite sterilization services. In terms of method, the sterilization services market is divided into ethylene oxide, chlorine dioxide, gamma ray, electron beam, autoclave steam, and others. The sterilization services market, by service type, is segmented into contract sterilization and microbial reduction services, testing and validation services, equipment, and others. Based on end user, the sterilization services market is segmented into medical device companies, pharmaceutical and biopharmaceutical companies, hospitals and clinics, and others. In terms of geography, the sterilization services market is segmented into North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, South Africa, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).

 

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