IMARC Group, a leading market research company, has recently releases report titled “Sterilization Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global sterilization services market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the sterilization services market?
The global sterilization services market size reached US$ 3.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.1 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.
What is sterilization services?
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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What are the growth prospects and trends in the sterilization services industry?
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.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Method:
- Ethylene Oxide Sterilization
- Gamma Sterilization
- Steam Sterilization
- Electron Beam Radiation Sterilization
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
Market 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
Who are the key players operating in the industry?
The report covers the major market players including:
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.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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