Uploaded on Jul 21, 2021
According to The Insight Partners market research study of ‘Sterilization Services Market to 2027 - Global Analysis and Forecasts by Method, Service Type, Mode of Delivery and End-User’. The global Sterilization Services market is anticipated to reach US$ 4,400.18 Mn in 2027 from US$ 2,712.32 Mn in 2019. The market is anticipated to grow with a CAGR of 6.3% from 2020-2027. The report provides trends prevailing in the global sterilization services market and the factors driving market along with those that act as hindrances. For More Info @ https://www.theinsightpartners.com/pr/sterilization-services-market
Sterilization Services Market is expected to reach US$ 4,400.18 Mn by 2027
Sterilization Services Market Forecast to 2027
The sterilization services market was valued
at US$ 2,712.32 million in 2019 and is
expected to grow at a CAGR of 6.3% from
2020 to 2027 to reach US$ 4,400.18 million
by 2027.
Sterilization is a process that helps to
eliminate, removes, or deactivates all
forms of life and other biological agents
present in food, the surface of an article or
in a fluid, etc. Sterilization can be done
through various means such as heat,
chemicals, irradiation, high pressure, and
filtration.
Lucrative Regional Sterilization Services Markets
Market Insights
Increasing Prevalence of Healthcare Associated Infections
Millions of people across the world get affected by HAIs (healthcare-associated infections) while receiving health
treatments. Factors such as inadequate hygiene environment conditions, poor infrastructure absence of guidelines, and
lack of knowledge regarding infection control measures are increasing the prevalence of HAIs. The common HAIs caused
by inadequate sterilization procedures are hepatitis B and C, surgical site infections (SSI), HIV infection, urinary and
vascular catheter-associated infections, and ventilator-associated infection. Healthcare-associated infections create
additional suffering for patients, increase hospital stays with high cost, and resists the function of antimicrobials.
According to the WHO, annual expenditure due to healthcare-associated infections is estimated to be approximately US$
7.7 billion in Europe and US$ 6.5 billion in the US. The above mentioned facts highlight the importance of sterilization in
the healthcare domain to prevent HAIs. Lack of sterilization in surgical instruments and reusable objects such as
endoscopic devices, respiratory care devices, and hemodialysis devices, lead to HAIs.
Method Insights
The global sterilization services market, based on method, has been segmented into ethylene oxide (ETO) sterilization,
gamma sterilization, electron beam radiation sterilization, steam sterilization, and other sterilization methods.
Global sterilization services market, by Product Type – 2018 &
2027
Service Type Insights
Product Insights
Global sterilization services market, based on service type was segmented into contract sterilization services and
sterilization validation services. The contract sterilization services market witnessed the highest share in 2019 and is
expected to show noteworthy growth during the forecast period owing to various services in different fields.
In terms of market share, contract sterilization services market held the largest market share. Additionally, it is likely to
witness growth opportunities due to increasing market for companion animal medications and rising number of uses
for contract sterilization over the last years.
Mode of Delivery Insights
The global sterilization services market, based on mode of delivery, has been segmented into offsite sterilization
services and onsite sterilization services. The offsite sterilization services segment held the largest share of the
market, by mode of delivery. Hospital infections pose various challenges to health centers. Healthcare-associated
infections increase the hospitalization period and complications in patient condition. Currently, the healthcare
services market is changing rapidly. There is an intense competition among service providers, and policies governing
the industry are continually evolving. With regard to sterilization, many hospitals are opting offsite sterilization
services.
The offsite sterilization services held the largest market share in the mode of delivery segment and is expected to
dominate the market during the forecast period. The increasing number of service providers and rising trend of
outsourcing sterilization services are prime factors to fueling the growth of the market for offsite delivery of
sterilization services.
End-User Insights
The global sterilization services market, based on end user, has been segmented into medical device companies,
hospitals & clinics, pharmaceutical & biotechnology companies and other end users. The medical device companies
segment held the largest share of the market, by end user. The demand for medical devices is estimated to increase
in the coming years owing to the increasing population and prevalence of chronic diseases
Company Profiles
• BGS Beta-Gamma-Service GmbH & Co. KG.
• Cosmed Group
• E-BEAM Services Inc
• Life Science Outsourcing Inc.
• MEDISTRI SA
• Midwest Sterilization Corporation
• Sterigenics U.S. LLC
• Microtrol Sterilisation Services Pvt Ltd.
• Cantel Medical
• STERIS plc.
Dominating Segments
Global Sterilization Services Market – By Service Type
Clinical Trials
Toxicology
Market Authorization and Regulatory Support
Others
Global Sterilization Services Market – By Application
Pet
Livestock
Wild
Global Sterilization Services Market – By Indication
Oncology
Infectious Diseases
Neurology
Others
Global Sterilization Services Market – By End User
Biopharmaceutical Companies
Others
Sterilization Services Market
Access Full Research Report at:
https://www.theinsightpartners.com/reports/sterilization-services-market/
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