PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1423566
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1423566
Sterilization Services Market Forecasts to 2030 - Global Analysis By Product (Contract Sterilization Services, Sterilization Validation Services and Other Types), Method, End User and By Geography
According to Stratistics MRC, the Global Sterilization Services Market is accounted for $5.3 billion in 2023 and is expected to reach $9.4 billion by 2030 growing at a CAGR of 8.6% during the forecast period. Sterilization services refer to procedures or processes that eliminate, remove, or deactivate all forms of microbial life, including bacteria, viruses, fungi, and spores, from a surface, environment, instrument, or substance. The primary goal of sterilization is to create a completely sterile environment or item, free from any potentially harmful microorganisms that could cause infection or disease.
According to the 2022 update by the Canadian Digestive Health Foundation (CDHF), 24,800 Canadians were diagnosed with colorectal cancer which represented 11% of all new cancer cases in 2021, among which 13.700 cases were diagnosed in men and 11,100 cases in women.
Market Dynamics:
Driver:
Increase in chronic diseases and surgical procedures
Sterilization services play a vital role in combating rising chronic diseases and ensuring safer surgical procedures. They significantly reduce infection risks, enhancing patient safety during surgeries. Additionally, by maintaining a sterile environment, these services mitigate the spread of infections and complications associated with chronic diseases. The prevalence of chronic diseases and the subsequent rise in surgical procedures drive the demand for sterilized medical equipment and instruments, further contributing to the growth of the market.
Restraint:
Sanitization of cutting-edge medical equipment
The cleaning, disinfection, and sterilization of sophisticated medical equipment raises a few questions. Patients may be at risk of obtaining these gadgets if they are not properly sterilized. Numerous outbreaks of multidrug resistant organisms have occurred as a result of improperly sterilizing vital medical equipment for different endoscopic procedures, which has grave effects for patients. The biggest obstacles to healthcare professionals meeting sterilization regulations have to reprocess these devices after each usage.
Opportunity:
Technological advancements
Technological advancements in sterilization services offer enhanced precision, quicker turnaround times, and increased safety. Innovations like advanced roboticsand novel chemical solutions optimize sterilization processes, ensuring higher efficiency and reduced human error. These advancements improve the quality of sterilization, minimize environmental impact, and enable compatibility with a wider range of materials and devices, fostering better healthcare outcomes. Continuous advancements in sterilization technologies are boosting the market.
Threat:
Concerns about reconditioned instruments safety
Stethoscopes, endoscopes, and surgical forceps are a few examples of reusable medical equipment. However, there are issues with recycled devices' performance and safety. Reprocessing medical equipment has undergone a paradigm shift, with a greater focus on the quality management systems approach that calls for manufacturers to provide verified sterilization instructions and continuous monitoring by reprocessing staff to guarantee adequate sterilization. These are the factors impeding the growth of the market.
Covid-19 Impact:
The market for sterilizing services is expected to increase positively as a result of the COVID-19 outbreak. Due to the growing use of ethylene oxide (ETO) sterilization in a variety of applications, including pharmaceutical sterilization, medical device sterilization, and sterilization and disinfection in the life sciences sector, the market for ETO sterilization is anticipated to develop. During the pandemic, more reprocessed equipment is being used to sterilize or disinfect medical devices than usual since improper medical device decontamination might increase the risk of contracting the virus.
The steam sterilization segment is expected to be the largest during the forecast period
The steam sterilization segment is expected to be the largest during the forecast period. It's highly effective, destroying bacteria, viruses, and fungi due to its ability to reach high temperatures and pressure. It's versatile, compatible with various materials and instruments. The process is quick, reliable, and environmentally friendly, leaving no harmful residues. Moreover, steam sterilization is cost-effective in the long run, ensuring the safety and integrity of medical equipment and materials.
The hospitals & clinics segment is expected to have the highest CAGR during the forecast period
The hospitals & clinics segment is expected to have the highest CAGR during the forecast period owing to the rising number of surgical procedures performed. This practice reduces the risk of cross-contamination, safeguards against healthcare-associated infections, and upholds stringent hygiene standards. It fosters a healthier environment for medical procedures, preserving the well-being of both patients and medical staff while enhancing overall healthcare quality and outcomes.
Region with largest share:
North America is projected to hold the largest market share during the forecast period owing to factors such as the rising hospital-acquired infections, high patient admission rates and technological advancements in healthcare facilities. The population's growing occurrence of chronic illnesses including cancer, diabetes, orthopedic conditions, and gastrointestinal (GI) problems causes a rise in the use of medical equipment for a variety of treatments. As a result, during surgical operations, the necessity for sterilizing spaces and medical equipment is great.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period due to the growth in sterilizing equipment use, the expansion of the R&D industry, the rise in healthcare reforms, the prevalence of hospital-acquired infections in emerging economies, and technical developments in the production of medical devices, In addition, a large population base and an increase in financing from the public and private sectors to promote infection prevention and control help to fuel the market's expansion.
Key players in the market
Some of the key players in Sterilization Services market include Medistri, B. Braun Medical Ltd, Steris Corporation, Sterigenics, LLC, Stryker Corporation, 3M Company, Cretex Companies, Ecolab Inc., Cantel Medical Corp., E-BEAM Services, Inc., Noxilizer, Inc., Beta-Gamma-Service GmbH & Co. KG, Medline Industries, Inc., Centurion Medical Products, Anderson Products, Inc., Doyen Medipharm and Cosmed Group, Inc.
Key Developments:
In June 2023, E-BEAM Services unveiled a partnership with ELIX Polymers, a global specialist in specialty plastics manufacturing, to introduce electron beam crosslinking services for ELIX's specialty materials.
In April 2023, Cantel Medical Corp, now under the umbrella of STERIS plc, introduced the ADVANTAGETM PLUS Pass-Through Automatic Endoscope Reprocessor (AER). This innovative system delivers high-level disinfection and enhanced efficiency in the reprocessing of endoscopes.
Types Covered:
- Contract Sterilization Services
- Sterilization Validation Services
- Other Types
Methods Covered:
- E-beam Sterilization
- Steam Sterilization
- X-ray Irradiation
- Ethylene Oxide (ETO) Sterilization
- Gamma Sterilization
- Other Methods
End Users Covered:
- Pharmaceutical & Biotechnology Companies
- Medical Device Companies
- Hospitals & Clinics
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Sterilization Services Market, By Type
- 5.1 Introduction
- 5.2 Contract Sterilization Services
- 5.3 Sterilization Validation Services
- 5.4 Other Types
6 Global Sterilization Services Market, By Method
- 6.1 Introduction
- 6.2 E-beam Sterilization
- 6.3 Steam Sterilization
- 6.4 X-ray Irradiation
- 6.5 Ethylene Oxide (ETO) Sterilization
- 6.6 Gamma Sterilization
- 6.7 Other Methods
7 Global Sterilization Services Market, By End User
- 7.1 Introduction
- 7.2 Pharmaceutical & Biotechnology Companies
- 7.3 Medical Device Companies
- 7.4 Hospitals & Clinics
- 7.5 Other End Users
8 Global Sterilization Services Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Medistri
- 10.2 B. Braun Medical Ltd
- 10.3 Steris Corporation
- 10.4 Sterigenics, LLC
- 10.5 Stryker Corporation
- 10.6 3M Company
- 10.7 Cretex Companies
- 10.8 Ecolab Inc.
- 10.9 Cantel Medical Corp.
- 10.10 E-BEAM Services, Inc.
- 10.11 Noxilizer, Inc.
- 10.12 Beta-Gamma-Service GmbH & Co. KG
- 10.13 Medline Industries, Inc.
- 10.14 Centurion Medical Products
- 10.15 Anderson Products, Inc.
- 10.16 Doyen Medipharm
- 10.17 Cosmed Group, Inc.
List of Tables
- Table 1 Global Sterilization Services Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Sterilization Services Market Outlook, By Type (2021-2030) ($MN)
- Table 3 Global Sterilization Services Market Outlook, By Contract Sterilization Services (2021-2030) ($MN)
- Table 4 Global Sterilization Services Market Outlook, By Sterilization Validation Services (2021-2030) ($MN)
- Table 5 Global Sterilization Services Market Outlook, By Other Types (2021-2030) ($MN)
- Table 6 Global Sterilization Services Market Outlook, By Method (2021-2030) ($MN)
- Table 7 Global Sterilization Services Market Outlook, By E-beam Sterilization (2021-2030) ($MN)
- Table 8 Global Sterilization Services Market Outlook, By Steam Sterilization (2021-2030) ($MN)
- Table 9 Global Sterilization Services Market Outlook, By X-ray Irradiation (2021-2030) ($MN)
- Table 10 Global Sterilization Services Market Outlook, By Ethylene Oxide (ETO) Sterilization (2021-2030) ($MN)
- Table 11 Global Sterilization Services Market Outlook, By Gamma Sterilization (2021-2030) ($MN)
- Table 12 Global Sterilization Services Market Outlook, By Other Methods (2021-2030) ($MN)
- Table 13 Global Sterilization Services Market Outlook, By End User (2021-2030) ($MN)
- Table 14 Global Sterilization Services Market Outlook, By Pharmaceutical & Biotechnology Companies (2021-2030) ($MN)
- Table 15 Global Sterilization Services Market Outlook, By Medical Device Companies (2021-2030) ($MN)
- Table 16 Global Sterilization Services Market Outlook, By Hospitals & Clinics (2021-2030) ($MN)
- Table 17 Global Sterilization Services Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 18 North America Sterilization Services Market Outlook, By Country (2021-2030) ($MN)
- Table 19 North America Sterilization Services Market Outlook, By Type (2021-2030) ($MN)
- Table 20 North America Sterilization Services Market Outlook, By Contract Sterilization Services (2021-2030) ($MN)
- Table 21 North America Sterilization Services Market Outlook, By Sterilization Validation Services (2021-2030) ($MN)
- Table 22 North America Sterilization Services Market Outlook, By Other Types (2021-2030) ($MN)
- Table 23 North America Sterilization Services Market Outlook, By Method (2021-2030) ($MN)
- Table 24 North America Sterilization Services Market Outlook, By E-beam Sterilization (2021-2030) ($MN)
- Table 25 North America Sterilization Services Market Outlook, By Steam Sterilization (2021-2030) ($MN)
- Table 26 North America Sterilization Services Market Outlook, By X-ray Irradiation (2021-2030) ($MN)
- Table 27 North America Sterilization Services Market Outlook, By Ethylene Oxide (ETO) Sterilization (2021-2030) ($MN)
- Table 28 North America Sterilization Services Market Outlook, By Gamma Sterilization (2021-2030) ($MN)
- Table 29 North America Sterilization Services Market Outlook, By Other Methods (2021-2030) ($MN)
- Table 30 North America Sterilization Services Market Outlook, By End User (2021-2030) ($MN)
- Table 31 North America Sterilization Services Market Outlook, By Pharmaceutical & Biotechnology Companies (2021-2030) ($MN)
- Table 32 North America Sterilization Services Market Outlook, By Medical Device Companies (2021-2030) ($MN)
- Table 33 North America Sterilization Services Market Outlook, By Hospitals & Clinics (2021-2030) ($MN)
- Table 34 North America Sterilization Services Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 35 Europe Sterilization Services Market Outlook, By Country (2021-2030) ($MN)
- Table 36 Europe Sterilization Services Market Outlook, By Type (2021-2030) ($MN)
- Table 37 Europe Sterilization Services Market Outlook, By Contract Sterilization Services (2021-2030) ($MN)
- Table 38 Europe Sterilization Services Market Outlook, By Sterilization Validation Services (2021-2030) ($MN)
- Table 39 Europe Sterilization Services Market Outlook, By Other Types (2021-2030) ($MN)
- Table 40 Europe Sterilization Services Market Outlook, By Method (2021-2030) ($MN)
- Table 41 Europe Sterilization Services Market Outlook, By E-beam Sterilization (2021-2030) ($MN)
- Table 42 Europe Sterilization Services Market Outlook, By Steam Sterilization (2021-2030) ($MN)
- Table 43 Europe Sterilization Services Market Outlook, By X-ray Irradiation (2021-2030) ($MN)
- Table 44 Europe Sterilization Services Market Outlook, By Ethylene Oxide (ETO) Sterilization (2021-2030) ($MN)
- Table 45 Europe Sterilization Services Market Outlook, By Gamma Sterilization (2021-2030) ($MN)
- Table 46 Europe Sterilization Services Market Outlook, By Other Methods (2021-2030) ($MN)
- Table 47 Europe Sterilization Services Market Outlook, By End User (2021-2030) ($MN)
- Table 48 Europe Sterilization Services Market Outlook, By Pharmaceutical & Biotechnology Companies (2021-2030) ($MN)
- Table 49 Europe Sterilization Services Market Outlook, By Medical Device Companies (2021-2030) ($MN)
- Table 50 Europe Sterilization Services Market Outlook, By Hospitals & Clinics (2021-2030) ($MN)
- Table 51 Europe Sterilization Services Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 52 Asia Pacific Sterilization Services Market Outlook, By Country (2021-2030) ($MN)
- Table 53 Asia Pacific Sterilization Services Market Outlook, By Type (2021-2030) ($MN)
- Table 54 Asia Pacific Sterilization Services Market Outlook, By Contract Sterilization Services (2021-2030) ($MN)
- Table 55 Asia Pacific Sterilization Services Market Outlook, By Sterilization Validation Services (2021-2030) ($MN)
- Table 56 Asia Pacific Sterilization Services Market Outlook, By Other Types (2021-2030) ($MN)
- Table 57 Asia Pacific Sterilization Services Market Outlook, By Method (2021-2030) ($MN)
- Table 58 Asia Pacific Sterilization Services Market Outlook, By E-beam Sterilization (2021-2030) ($MN)
- Table 59 Asia Pacific Sterilization Services Market Outlook, By Steam Sterilization (2021-2030) ($MN)
- Table 60 Asia Pacific Sterilization Services Market Outlook, By X-ray Irradiation (2021-2030) ($MN)
- Table 61 Asia Pacific Sterilization Services Market Outlook, By Ethylene Oxide (ETO) Sterilization (2021-2030) ($MN)
- Table 62 Asia Pacific Sterilization Services Market Outlook, By Gamma Sterilization (2021-2030) ($MN)
- Table 63 Asia Pacific Sterilization Services Market Outlook, By Other Methods (2021-2030) ($MN)
- Table 64 Asia Pacific Sterilization Services Market Outlook, By End User (2021-2030) ($MN)
- Table 65 Asia Pacific Sterilization Services Market Outlook, By Pharmaceutical & Biotechnology Companies (2021-2030) ($MN)
- Table 66 Asia Pacific Sterilization Services Market Outlook, By Medical Device Companies (2021-2030) ($MN)
- Table 67 Asia Pacific Sterilization Services Market Outlook, By Hospitals & Clinics (2021-2030) ($MN)
- Table 68 Asia Pacific Sterilization Services Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 69 South America Sterilization Services Market Outlook, By Country (2021-2030) ($MN)
- Table 70 South America Sterilization Services Market Outlook, By Type (2021-2030) ($MN)
- Table 71 South America Sterilization Services Market Outlook, By Contract Sterilization Services (2021-2030) ($MN)
- Table 72 South America Sterilization Services Market Outlook, By Sterilization Validation Services (2021-2030) ($MN)
- Table 73 South America Sterilization Services Market Outlook, By Other Types (2021-2030) ($MN)
- Table 74 South America Sterilization Services Market Outlook, By Method (2021-2030) ($MN)
- Table 75 South America Sterilization Services Market Outlook, By E-beam Sterilization (2021-2030) ($MN)
- Table 76 South America Sterilization Services Market Outlook, By Steam Sterilization (2021-2030) ($MN)
- Table 77 South America Sterilization Services Market Outlook, By X-ray Irradiation (2021-2030) ($MN)
- Table 78 South America Sterilization Services Market Outlook, By Ethylene Oxide (ETO) Sterilization (2021-2030) ($MN)
- Table 79 South America Sterilization Services Market Outlook, By Gamma Sterilization (2021-2030) ($MN)
- Table 80 South America Sterilization Services Market Outlook, By Other Methods (2021-2030) ($MN)
- Table 81 South America Sterilization Services Market Outlook, By End User (2021-2030) ($MN)
- Table 82 South America Sterilization Services Market Outlook, By Pharmaceutical & Biotechnology Companies (2021-2030) ($MN)
- Table 83 South America Sterilization Services Market Outlook, By Medical Device Companies (2021-2030) ($MN)
- Table 84 South America Sterilization Services Market Outlook, By Hospitals & Clinics (2021-2030) ($MN)
- Table 85 South America Sterilization Services Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 86 Middle East & Africa Sterilization Services Market Outlook, By Country (2021-2030) ($MN)
- Table 87 Middle East & Africa Sterilization Services Market Outlook, By Type (2021-2030) ($MN)
- Table 88 Middle East & Africa Sterilization Services Market Outlook, By Contract Sterilization Services (2021-2030) ($MN)
- Table 89 Middle East & Africa Sterilization Services Market Outlook, By Sterilization Validation Services (2021-2030) ($MN)
- Table 90 Middle East & Africa Sterilization Services Market Outlook, By Other Types (2021-2030) ($MN)
- Table 91 Middle East & Africa Sterilization Services Market Outlook, By Method (2021-2030) ($MN)
- Table 92 Middle East & Africa Sterilization Services Market Outlook, By E-beam Sterilization (2021-2030) ($MN)
- Table 93 Middle East & Africa Sterilization Services Market Outlook, By Steam Sterilization (2021-2030) ($MN)
- Table 94 Middle East & Africa Sterilization Services Market Outlook, By X-ray Irradiation (2021-2030) ($MN)
- Table 95 Middle East & Africa Sterilization Services Market Outlook, By Ethylene Oxide (ETO) Sterilization (2021-2030) ($MN)
- Table 96 Middle East & Africa Sterilization Services Market Outlook, By Gamma Sterilization (2021-2030) ($MN)
- Table 97 Middle East & Africa Sterilization Services Market Outlook, By Other Methods (2021-2030) ($MN)
- Table 98 Middle East & Africa Sterilization Services Market Outlook, By End User (2021-2030) ($MN)
- Table 99 Middle East & Africa Sterilization Services Market Outlook, By Pharmaceutical & Biotechnology Companies (2021-2030) ($MN)
- Table 100 Middle East & Africa Sterilization Services Market Outlook, By Medical Device Companies (2021-2030) ($MN)
- Table 101 Middle East & Africa Sterilization Services Market Outlook, By Hospitals & Clinics (2021-2030) ($MN)
- Table 102 Middle East & Africa Sterilization Services Market Outlook, By Other End Users (2021-2030) ($MN)
