Sterilization Services Market US$ 4.86 Billion by 2027, Industry Growth CAGR 6.10%

PRESS RELEASE
Published March 14, 2023

 IMARC Group has recently released a new research study titled "Sterilization Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global sterilization services market reached a value of US$ 3.36 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4.86 Billion by 2027, exhibiting a CAGR of 6.10% during 2022-2027.

Sterilization services refer to processes and procedures used to prevent the growth of microorganisms, including bacteria, viruses, fungi, and spores, from objects or surfaces. They include the sterilization of medical equipment, surgical instruments, laboratory glassware, packaging, and other items using heat, chemicals, and radiation. As a result, they are employed in a wide range of industries, such as healthcare, food and beverage (F&B), pharmaceuticals, and manufacturing, wherein the presence of microorganisms can lead to contamination, infection, and product failure.

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Sterilization Services Market Trends and Drivers:

At present, the growing geriatric population and the increasing prevalence of infection represent one of the key factors catalyzing the demand for sterilization of medical devices and equipment in the healthcare industry. 

In addition, the introduction of advanced sterilization technologies, such as hydrogen peroxide sterilization and electron beam radiation, on account of their effectiveness, efficiency, and environment friendly properties, is strengthening the market growth. Apart from this, stringent regulations on the sterilization of medical devices and equipment by regulatory agencies are creating a favorable market outlook. 

Furthermore, the growing concerns about the environmental impact of serialization services are propelling the demand for sustainable practices and technologies, such as reusable sterilization containers and green sterilization processes, which are stimulating the growth of the market. 

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Global Sterilization Services Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Sterilization Services Companies:

B. Braun Medical Ltd, Belimed AG (Metall Zug AG), BGS Beta-Gamma-Service GmbH & Co. KG, E-BEAM Services Inc, Fortive Corporation, Medistri SA, MMM Group, Noxilizer Inc., Sotera Health Company, Steris Corporation and Stryker Corporation. 

The report has segmented the market on the basis of region, method, type, mode of delivery and end user.

Breakup by Method:

Ethylene Oxide Sterilization

Gamma Sterilization

Steam Sterilization

Electron Beam Radiation Sterilization

Others

Breakup by Type:

Contract Sterilization Services

Sterilization Validation Services

Breakup by Mode of Delivery:

Off-Site Sterilization Services

On-Site Sterilization Services

Breakup by End User:

Hospitals and Clinics

Medical Device Companies

Pharmaceutical and Biotechnology Companies

Others

Breakup by Region:

North America: (United States, Canada)

Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America: (Brazil, Mexico, Others)

Middle East and Africa

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Key highlights of the report:

Market Performance (2016-2021)

Market Outlook (2022- 2027)

Porter’s Five Forces Analysis

Market Drivers and Success Factors

SWOT Analysis

Value Chain

Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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