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, End-user,” the sterilization services market size is expected to grow from US$ 6,210.13 million in 2030 from US$ 3,367.88 million in 2022; it is estimated to register a CAGR of 7.9 % from 2022 to 2030. The report highlights the key factors driving the sterilization services market growth and prominent players with their developments in the market.
Based on method, the sterilization services market is segmented into ethylene oxide, chlorine dioxide, gamma ray, electron beam, autoclave steam, and others. The ethylene oxide segment held largest market sterilization services share in 2022 and chlorine dioxide segment is anticipated to register a highest CAGR during the forecast period. According to the Advanced Medical Service Type Association (AdvaMed), ethylene oxide is used to sterilize ~20 billion medical devices in the US every year. Broad-range material compatibility, easy penetration, and sizeable sterilizing capacity are among the major advantages contributing to the sterilization service market growth. There is an extensive network of EtO sterilization service providers across the world. STERIS, one of the prominent providers of infection prevention and other procedural products and services, has a network of more than 50 contract sterilization and laboratory facilities globally.
Based on the region, North America is the fastest growing region in the sterilization services market. Among the countries accounted in the region for the study, US is holding the largest sterilization services market share of the region in the sterilization services market.
The sterilization services market size is expected to grow owing to easy access to sterilization services and a rise in surgical procedures in the country. As per the American Society of Plastic Surgeons (ASPS), in 2020, there were 15.6 million cosmetic surgical procedures and 13.2 million minimally invasive cosmetic procedures performed in the US, with a 3% rise over 2019. In 2020, the top five cosmetic procedure in the US was breast augmentation, liposuction, nose reshaping, eyelid surgery, and facelift. Furthermore, in 2020, 193,073 breast augmentation procedures were performed.
Moreover, the rise in healthcare-acquired infections (HAIs) due to contaminated instruments and lack of preventive measures is another major factor that is projected to fuel the demand for sterilization services across healthcare facilities. For instance, as per the Centers for Disease Control and Prevention (CDC), in 2022, HAIs accounted for approximately 1 in 31 American patients, and 1 in 43 nursing home residents contracted at least one infection each day. These estimates create the need for improvements in patient care practices in healthcare facilities in the US. Also, as per CDC, HAIs account for ~1.7 million infections and 99,000 associated deaths each year. Thus, the sterilization services market in the US favors the growth of the sterilization services market in the country.
BGS Beta-Gamma-Service GmbH & Co. KG; Cosmed Group, E-BEAM Services Inc; Life Science Outsourcing Inc.; MEDISTRI SA , Midwest Sterilization Corporation, Sotera Health Company, Microtrol Sterilisation Services Pvt Ltd.; Steris Plc; Scapa, Cretex Medical, ClorDiSys Solutions Inc; Consolidated Sterilizer Systems,Boulder Sterilization. are among the key companies operating in the sterilization services market.
Companies operating in the sterilization services market adopt various organic and inorganic strategies. Organic strategies mainly include product launches and product approvals. Acquisitions, collaborations, and partnerships are among the inorganic growth strategies witnessed in the sterilization services market. These growth strategies allow the market players to expand their businesses and enhance their geographic presence, thereby contributing to the overall sterilization services market growth. Further, acquisition and partnership strategies help them strengthen their customer base and expand their product portfolios.
A few of the significant developments by key sterilization services market players are listed below.
· In May-2023, Boulder Sterilization introduced contract chlorine dioxide (CD) sterilization services. The addition will make Boulder Sterilization the sole contract sterilizer in the world to offer both CD and ethylene oxide (EO) technologies for medical devices and in-vitro diagnostic products.
· In Aug-2022, Consolidated Sterilizer Systems ventured into the healthcare sterilizer market with three new, FDA-cleared steam sterilizers. These autoclaves are used in healthcare facilities such as hospitals, clinics, and ambulatory surgical centers.
· In June-2022, BGS, expanded its halls for logistics and production in Wiehl (NRW). The company also invested in extending a new laboratory to meet the increased material testing requirements for radiation cross-linking.
TIP is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Ankit Mathur
E-mail: [email protected]
Phone: +1-646-491-9876
About Author
