USD 4.90 Billion
Global Sterilization Services Market Size, Share, Growth Analysis, By Sterilization method(Chemical Sterilization, Radiation Sterilization), By Application(Healthcare Facilities, Medical Device Manufacturers) - Industry Forecast 2024-2031
Report ID:
SQMIG35E2022 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|
Tables:
64 |
Figures:
75
Global Sterilization Services Market Insights
Global Sterilization Services Market size was valued at USD 4.90 Billion in 2022 and is poised to grow from USD 5.15 Billion in 2023 to USD 7.73 Billion by 2031, at a CAGR of 5.20% during the forecast period (2024-2031).
The global sterilization services market is a rapidly growing sector that plays a critical role in maintaining public health and safety across various industries. The increasing emphasis on infection control and prevention in healthcare facilities has led to a rising demand for sterilization services to ensure the safety of patients and healthcare workers. Additionally, the growing prevalence of healthcare-associated infections has further boosted the need for effective sterilization processes. Moreover, the expanding pharmaceutical and biotechnology industries have increased the demand for sterilization services to maintain the integrity and quality of their products. Stringent regulations and guidelines set by regulatory authorities also drive the market as companies strive to comply with these standards. Furthermore, the COVID-19 pandemic has significantly impacted the market, with a surge in the demand for sterilization services to decontaminate medical equipment, personal protective equipment, and other supplies to prevent the spread of the virus.
US Sterilization Services Market is poised to grow at sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
chemical sterilization
Fastest Growth
chemical sterilization
Growth Rate
5.20% CAGR
Global Sterilization Services Market ($ Bn)
Country Share for North America Region (%)
Global Sterilization Services Market By Sterilization Method ($ Bn)
Global Sterilization Services Market By Sterilization Method (%)
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Global Sterilization Services Market Segmental Analysis
Global Sterilization Services Market is segmented by sterilization method, application, and region. Based on sterilization method, the market can be segmented into chemical sterilization, radiation sterilization, steam sterilization, and filtration sterilization. Based on application, the market is segmented into healthcare facilities, medical device manufacturers, and pharmaceutical industry. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Sterilization Services Market Analysis by Sterilization method
By sterilization method, the market can be segmented into chemical sterilization, radiation sterilization, steam sterilization, and filtration sterilization. Chemical sterilization is the dominating segment in the sterilization services market. It involves the use of chemical agents such as ethylene oxide (EtO), hydrogen peroxide, and peracetic acid for disinfection and sterilization purposes. Chemical sterilization is preferred for heat-sensitive medical devices, pharmaceuticals, and laboratory equipment.
Radiation sterilization is the fastest-growing segment in the sterilization services market. It involves the use of radiation sources such as gamma rays and electron beams to eliminate microorganisms from medical devices, healthcare consumables, pharmaceutical products, and food packaging materials.
Sterilization Services Market Analysis by Application
By application, the market can be segmented into healthcare facilities, medical device manufacturers, and pharmaceutical industry. The dominating segment in the sterilization services market is Healthcare Facilities. Sterilization services are essential for maintaining patient safety and preventing healthcare-associated infections. Healthcare facilities, including hospitals, clinics, ambulatory surgical centers, and other healthcare institutions, heavily rely on sterilization for various purposes.
The fastest-growing segment in the sterilization services market is Medical Device Manufacturers. Sterilization is a critical step in the manufacturing process of medical devices to ensure they are free from pathogens and meet regulatory requirements.
Global Sterilization Services Market By Sterilization Method, 2023 (%)
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Global Sterilization Services Market Regional Insights
North America dominated the global sterilization services market. This can be attributed to several factors, including the presence of well-established healthcare infrastructure, stringent regulatory frameworks, and a high level of awareness regarding infection control practices. The region boasts a strong demand for sterilization services across various industries, including healthcare, pharmaceuticals, and food processing. Additionally, North America has a mature market for contract sterilization services, with a well-developed network of service providers catering to the needs of the industry.
The Asia-Pacific region is emerging as one of the fastest-growing markets for sterilization services. This growth can be attributed to factors such as increasing investments in healthcare infrastructure, rising awareness about infection control, and the expansion of the pharmaceutical and biotechnology industries. Countries like China and India are witnessing significant growth in demand for sterilization services due to their large population and expanding healthcare sectors. Moreover, the Asia-Pacific region is becoming an attractive destination for outsourcing sterilization services, thanks to its cost-effective solutions and skilled workforce.
Global Sterilization Services Market By Region, 2024-2031
- Largest
- Fastest
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Global Sterilization Services Market Dynamics
Sterilization Services Market Drivers
Increasing emphasis on infection control and prevention, particularly in healthcare settings
- One key driver fueling the growth of the global sterilization services market is the increasing emphasis on infection control and prevention, particularly in healthcare settings. The rising awareness about the importance of sterilization in reducing the risk of healthcare-associated infections has led to a surge in demand for sterilization services. This driver is further amplified by the COVID-19 pandemic, which has heightened the need for effective decontamination and sterilization of medical equipment and supplies to curb the spread of the virus.
Sterilization Services Market Restraints
High cost associated with implementing and maintaining sterilization processes
- A significant restraint in the global sterilization services market is the high cost associated with implementing and maintaining sterilization processes. The installation and operation of sterilization equipment, compliance with regulatory standards, and ongoing validation processes require substantial financial investment. This cost factor can pose a challenge, particularly for small-scale healthcare facilities and companies with limited budgets. Moreover, the complexity and time-consuming nature of sterilization procedures can lead to delays in product availability, hindering the overall market growth.
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Global Sterilization Services Market Competitive Landscape
The global sterilization services market is characterized by the presence of a diverse range of service providers offering sterilization solutions across multiple industries. These companies strive to differentiate themselves through factors such as technological advancements, cost-effectiveness, and regulatory compliance. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are common strategies employed by players in this market to expand their market presence and gain a competitive edge. Continuous innovation and the ability to offer comprehensive sterilization services are crucial factors for companies to stay competitive in the market.
Sterilization Services Market Top Player’s Company Profiles
- Steris (US)
- 3M Company (US)
- Johnson & Johnson (US)
- Cantel Medical Corporation (US)
- Getinge AB (Sweden)
- Stryker Corporation (US)
- MMM Group (Germany)
- Advanced Sterilization Products (US)
- Belimed (Switzerland)
- Matachana Group (Spain)
- Andersen Products (US)
- STERIS Applied Sterilization Technologies (US)
- Ecolab Inc. (US)
- Tuttnauer (Israel)
- Beta Star Life Science Equipment (US)
- Consolidated Sterilizer Systems (US)
- Matachana (Spain)
- TSO3 Inc. (Canada)
- Diversey, Inc. (US)
- Sakura Global Holding Company (Japan)
Sterilization Services Market Recent Developments
- In June 2023, E-BEAM Services announced a partnership with ELIX Polymers, a global manufacturer of specialty plastics, to offer electron beam crosslinking services for ELIX's specialty materials.
- In May 2023, Sterigenics announced the acquisition of Beta-Gamma Service, a provider of gamma irradiation sterilization services in France, expanding its footprint in Europe.
- In April 2023, Cantel Medical Corp, now a part of STERIS plc, launched its ADVANTAGE™ PLUS Pass-Through Automatic Endoscope Reprocessor (AER), providing high-level disinfection and enhanced efficiency in endoscope reprocessing.
Global Sterilization Services Key Market Trends
- One key market trend in the global sterilization services market is the growing adoption of advanced technologies and automation in sterilization processes. This trend is driven by the need for more efficient and reliable sterilization methods. Technological advancements, such as the use of robotics, AI-based systems, and advanced monitoring tools, are improving the accuracy and effectiveness of sterilization processes while reducing human errors. Automation not only enhances productivity but also enables real-time tracking, data analysis, and remote monitoring, resulting in improved safety and operational efficiency in sterilization services.
Global Sterilization Services Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global sterilization services market analysis, the market is experiencing significant growth driven by factors such as increasing emphasis on infection control, rising demand for sterilization services in healthcare facilities, and the expansion of the pharmaceutical and biotechnology industries. North America dominated the market due to its well-established healthcare infrastructure and stringent regulations, while the Asia-Pacific region is emerging as the fastest-growing market fueled by investments in healthcare infrastructure and rising awareness about infection control practices. The market is characterized by intense competition, with key players focusing on technological advancements and strategic collaborations. The adoption of advanced technologies and automation is a prominent trend, enhancing the efficiency and accuracy of sterilization processes.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4.90 Billion |
| Market size value in 2031 | USD 7.73 Billion |
| Growth Rate | 5.20% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Sterilization Services Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Sterilization Services Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Sterilization Services Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Sterilization Services Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Sterilization Services Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Sterilization Services Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Sterilization Services Market Report Snapshots
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