Global Sterilization Services Market is valued at USD 3695.2 Million in 2022 and is expected to reach USD 6130.52 Million by 2029 with a CAGR of 7.50% over the forecast period.
Increasing focus on outsourcing sterilization processes among pharmaceutical companies, hospitals, and medical device manufacturers are augmenting the growth of the sterilization services market.
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. Sterilization is the process of removing or killing biological agents. Biological agents are microorganisms and spore forms, such as, bacteria, fungi, viruses, and protozoa. Effective sterilization can be achieved by a combination of heat, high pressure, radiation, chemical, and filtration. The advanced equipment used to provide sterilization services is capable of killing and disabling the molecular form of prions which are infectious protein. With the use of new and more medical devices across the healthcare facilities, the type of sterilization services needs improvement by the companies operating in this market.
Global sterilization services market report is segmented on the basis of service, application, indication, end-user, and regional & country level. Based upon service sterilization services market is classified into clinical trials, toxicology, market authorization, and regulatory support, and others. Based upon application sterilization services market is classified into pet, livestock, and wild. Based upon indication sterilization services market is classified into oncology, infectious, diseases, neurology, and others. Based upon end-user sterilization services market is classified into biopharmaceutical companies and others.
The regions covered in this global sterilization services market report are North America, Europe, Asia-Pacific, and the Rest of the World. On the basis of country level, the sterilization services market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global sterilization services market report covers prominent players are like,
Rising prevalence of hospital-acquired infections growth in the number of surgical procedures and increasing focus on food sterilization and disinfection are some factors driving the growth of the market. According to the latest data from the National Center for Health Statistics, 48 million surgical inpatient procedures were performed in the United States. However, strict regulatory rule forced by the FDA and other government bodies and hazards associated with the sterilization process, such as, carcinogenic properties of chemical used in the process as well as tendency of irradiation responsible for cell damage are some of the factors which are anticipated to impact the growth of the market. Moreover, factors such as the growth in the medical devices industry and increasing demand for e-beam sterilization are further providing growth opportunities for the global market during the forecast period.
North America dominates the sterilization services market due to rising surgical procedures in the market thereby increasing the need for sterilization of surgical rooms is expected to drive the market growth. Moreover, healthcare-associated infections create additional suffering for patients, increase hospital stays with high cost, and resist the function of antimicrobials. According to the WHO, annual expenditure due to healthcare-associated infections is estimated to be approximately USD 7.7 billion in Europe and USD 6.5 billion in the US.
In 2016, the asia-pacific region had around 10 million patients visiting for the solution to their medical problems, this instance is commonly known as medical tourism and this number is expected to rise annually by 15-17 % and therefore the need for sterilized equipment and surgical rooms is at extreme importance.
Middle East and Africa
|2015 - 2020
|2022 - 2029
|Market Size in 2022:
|USD 3695.2 Million
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2029:
|USD 6130.52 Million
|Tables, Charts & Figures:
|BGS Beta-Gamma-Service GmbH & Co. KG, Cosmed Group, E-BEAM Services Inc, Life Science Outsourcing Inc., MEDISTRI SA, Midwest Sterilization Corporation, Sterigenics U.S. LLC, Microtrol Sterilisation Services Pvt Ltd., Cantel Medical, STERIS plc., Others
|By Service Type, By Application, By Indication, By End-User
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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