Global Sterilization Services Market Size 2024, Forecast To 2033
6 Mar, 2024
The sterilization services market has witnessed strong growth, escalating from $4.62 billion in 2023 to $4.97 billion in 2024, with a Compound Annual Growth Rate (CAGR) of 7.7%. The growth in the historic period is attributed to stringent regulatory standards, the increasing number of surgical procedures, globalization of medical device manufacturing, a focus on infection control, and a rising aging population. Moving forward to 2028, the market size is expected to experience strong growth, reaching $6.73 billion at a CAGR of 7.9%. The growth in the forecast period is driven by factors such as the increasing outsourcing of sterilization services, growth in the biotechnology and pharmaceutical industries, a rise in ambulatory surgical centers, a focus on sustainable sterilization practices, and preparedness for global pandemics. Major trends anticipated in the forecast period include the rise in e-commerce for sterilization products, a continued focus on sustainable sterilization practices, the adoption of advanced sterilization technologies (AST), rapid sterilization solutions for critical situations, and the provision of customized sterilization solutions.
Global Sterilization Services Market Key Driver
The anticipated increase in the prevalence of hospital-acquired infections (HAIs) is set to drive the growth of the sterilization services market. HAIs occur when individuals receive medical treatment for one ailment in a healthcare facility, and the use of reusable medical equipment in hospitals contributes to their rise. Items like pulse oximetry sensors, catheters, stethoscopes, and other reusable devices require thorough sterilization to minimize the spread of infections. In 2021, the Centers for Disease Control and Prevention reported a 14% increase in hospital-acquired methicillin-resistant staphylococcus aureus (MRSA) infections from 2020 to 2021, along with a 7% rise in central line-associated bloodstream infection (CLABSI) during the same period. Thus, the growing prevalence of HAIs is expected to continue driving the sterilization services market in 2023, 2024, and 2028.
Get A Free Sample Of The Global Sterilization Services Market ReportGlobal Sterilization Services Market Segments
The sterilization services market covered in this report is segmented –
1) By Type: Sterilization Validation Services, Contract Sterilization Services
2) By Method: X-ray Irradiation, ETO Sterilization, Gamma Sterilization, E-beam Sterilization, Steam Sterilization
3) By Mode of Delivery: On-Site Sterilization Services, Off-Site Sterilization Services
4) By End-User: Hospitals And Clinics, Medical Device Companies, Pharmaceutical And Biotechnology Companies, Other End Users
By Geography:The regions covered in the sterilization services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the sterilization services market in 2023. The regions covered in the sterilization services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Sterilization Services Industry Players
E-BEAM Services Inc., BGS Beta-Gamma-Service GmbH & Co. KG, Medistri SA, Noxilizer Inc., Cosmed Group, Cretex Companies Inc., Life Science Outsourcing Inc., Stryker Corporation, STERIS PLC, MMM Group, Belimed AG, H.W.Andersen Products Ltd., MICROTROL Sterilisation Services Pvt. Ltd., Medline Industries Inc., Avantti Medi Clear MBP, Steripure SAS, Europlaz Technologies Limited, Centerpiece, Midwest Sterilization Corporation, Blue Line Sterilization Services LLC, 3M Company, Ecolab Inc., Cantel Medical Corp., B. Braun Medical Ltd, Sterigenics LLC, Johnson & Johnson, Judd Medical Limited, SteriTek Inc., Sterilization Services, Advanced Sterilization Products
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Sterilization Services Market Overview
Sterilization services refer to the services that offer sterilization processing in which all forms of microbial life are destroyed and eliminated by using physical and chemical methods. These are used to remove most or all pathogenic microorganisms from inanimate objects, excluding bacterial spores.
Sterilization Services Global Market Report 2023 provides data on the global sterilization services market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The sterilization services market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.