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Sterilization Services Market to reach USD 5.9 billion by 2027

07-21-2023 09:28 AM CET | Health & Medicine

Press release from: ReportsnReports

Sterilization Services Market

Sterilization Services Market

The sterilization services market is expected to grow at a CAGR of 5.5% in the forecast period.

The global sterilization services market is projected to reach USD 5.9 billion by 2027 from an estimated USD 4.5 billion in 2022, at a CAGR of 5.5% during the forecast period. High prevalence of nosocomial infections, growing number of surgical procedures, the increased adoption of sterilization techniques by the food industry, and the manufacturers opting for outsourcing sterilization services are expected to drive the growth of sterilization services during the forecast period. On the other hand, end-user noncompliance with sterilization standards, is expected to restrain the growth of this market.

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Based on method, the gamma sterilization is expected to register the highest growth during the forecast period.

Based on method, the market has been classified into ethylene oxide (EtO) sterilization, gamma sterilization, electron beam (e-beam) radiation sterilization, steam sterilization, x-ray irradiation, and other sterilization methods. The gamma sterilization segment is expected to register the highest growth during the forecast period. Features such as the faster turnaround time and no requirement for any radioactive sourcing or re-sourcing, are propelling the growth of this segment.

Based on type, the contract sterilization segment is expected to register the highest growth during the forecast period.

Based on type, the sterilization services market has been segmented into contract sterilization services and sterilization validation services. The contract sterilization services segment is expected to grow at the highest growth during the forecast period. Increased hospitalization rates and reduced labor and operating costs are expected to increase the adoption of contract sterilization services.

Based on mode of delivery, the on-site sterilization services segment accounted for the second largest share of the market in 2021

Based on mode of delivery, the sterilization services market has been segmented into off-site sterilization services and on-site sterilization services. In 2021, the on-site sterilization services segment accounted for the second largest share of the sterilization services market. Factors such as reduced reprocessing turnaorund time and elimination of costs associated with shipping and scheduling are supporting the growth of on-site sterilization services.

Based on end user, the medical device companies segment is expected to register the highest growth during the forecast period.

Based on end user, the sterilization services market has been segmented into hospitals & clinics, medical device companies, pharmaceutical & biotechnology companies, and others. The medical device companies segment is expected to grow at the highest CAGR during the forecast period. Increased adoption of single-use medical devices and the need to decrease pathogenic load on medical instruments is expected to increase the adoption of sterilization services by medical device companies.

Sterilization services play a critical role in ensuring the safety and quality of medical devices, pharmaceutical products, and healthcare facilities. As advancements in technology and healthcare practices continue, the future of sterilization services is poised for transformative changes, addressing emerging challenges and meeting evolving industry needs.

One of the key drivers shaping the future of sterilization services is the increasing demand for rapid and efficient sterilization methods. Traditional sterilization techniques, such as steam and ethylene oxide, may have limitations in terms of processing time and material compatibility. As a result, there is a growing interest in alternative methods like hydrogen peroxide vapor, ozone, and irradiation, which offer shorter cycle times and broader material compatibility while maintaining high sterilization efficacy.

Furthermore, the rise of single-use medical devices and the need for sterile products in home healthcare settings are driving the demand for on-demand and point-of-use sterilization services. Portable and user-friendly sterilization equipment will likely become more prevalent, enabling healthcare providers and patients to sterilize items when and where needed.

The future of sterilization services is also expected to witness increased focus on sustainability and environmental impact. Innovations in eco-friendly sterilization methods and waste management will become more important as industries and regulators seek to reduce carbon footprints and promote responsible practices.

The integration of digital technologies and data analytics is another significant trend in the future of sterilization services. Real-time monitoring, automation, and connectivity will optimize sterilization processes, improve quality control, and enable predictive maintenance, minimizing downtime and maximizing efficiency.

However, challenges like regulatory compliance, ensuring sterility assurance, and addressing potential risks associated with new sterilization technologies need to be carefully navigated for the successful implementation of future sterilization services.

In conclusion, the future of sterilization services is marked by innovation and adaptability to meet the dynamic demands of the healthcare and life sciences industries. As technology and sustainability concerns shape the landscape, sterilization service providers will play a crucial role in safeguarding public health, enhancing patient safety, and supporting the development of advanced medical treatments and therapies.

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