Dec 22, 2021   SOURCE: BusinessWire

Worldwide Sterilization Services Industry to 2030 - Featuring Fortive, Medistri and Noxilizer Among Others - ResearchAndMarkets.com

The "Sterilization Services Market by Method, Mode of Delivery and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

The global sterilization services market was valued at $3,381 million in 2020, and is projected to reach $5,594 million by 2030, registering a CAGR of 5.1% from 2021 to 2030.

Sterilization is a process that is used to inhibit the growth of microorganisms such as bacteria, viruses, and prions, which are present in the environment or on surfaces. Healthcare settings require constant sterilization, cleaning, and disinfection to eliminate microbes from pharmaceuticals, medical devices, and biological culture media.

Increase in number of surgical procedures, rise in incidence of hospital-acquired infections, increase in geriatric population, technological advancements in sterilization equipment, and surge in incidence of chronic diseases across the globe act as the key driving forces of the global sterilization services market.

In addition, increase in outsourcing of sterilization services among hospitals and pharmaceutical & medical device companies augment the growth of the market. Moreover, rise in use of E-beam sterilization and increase in awareness of environmental & personal hygiene due to COVID-19 fuel the growth of the market. However, concerns regarding the safety of reprocessed instruments are expected to restrain the growth of the sterilization services market. Conversely, high market growth potential in emerging countries is expected to offer lucrative opportunities during the forecast period.

The sterilization services market is segmented into method, mode of delivery, end user, and region. On the basis of method, the market is categorized into ethylene oxide (ETO) sterilization, gamma sterilization, E-beam sterilization, and other methods. By mode of delivery, it is divided into off-site sterilization services and on-site sterilization services. The off-site sterilization services segment is further divided into ethylene oxide (ETO) sterilization, gamma sterilization, E-beam sterilization, and other methods.

The on-site sterilization services segment is further divided into ethylene oxide (ETO) sterilization, gamma sterilization, E-beam sterilization, and other methods. Depending on end user, it is categorized into hospitals & clinics, pharmaceutical & medical device companies, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits

  • The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.
  • It offers a quantitative analysis from 2020 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing market opportunities.
  • A comprehensive analysis of four regions is provided to determine the existing opportunities.
  • The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global market.

Market Dynamics

Drivers

  • Rise in incidence of hospital-acquired infections (HAIs)
  • Upsurge in likelihood of epidemic or pandemic outbreaks
  • Increase in number of surgical procedures across the globe
  • Rise in use of E-beam sterilization

Restraint

  • Concerns regarding the safety of reprocessed instruments

Opportunities

  • High market growth potential in emerging markets

Key Segments

By Method

  • Ethylene Oxide (ETO) Sterilization
  • Gamma Sterilization
  • E-beam Sterilization
  • Other Methods

By Mode of Delivery

  • Off-site Sterilization Services
  • Ethylene Oxide (ETO) Sterilization
  • Gamma Sterilization
  • E-beam Sterilization
  • Other Methods
  • On-site Sterilization Services
  • Ethylene Oxide (ETO) Sterilization
  • Gamma Sterilization
  • E-beam Sterilization
  • Other Methods

By End User

  • Hospitals & Clinics
  • Pharmaceutical & Medical Device Companies
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Players Profiled

  • E-BEAM Services, Inc
  • Fortive Corporation
  • H.W. Andersen Products Ltd.
  • Medistri SA
  • Metall Zug AG.
  • MMM Group
  • Noxilizer Inc.
  • Sotera Health LLC.
  • Steris Plc.
  • Stryker Corporation

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