Sterilization Services Market Led by “Pharmaceuticals, Hospitals and Clinics, Food and Beverage” - Top Technologies, Overview, Key Insights and Company Profiles

The report analyzes the sterilization services market and aims at estimating the market size and future growth potential of this market based on various segments such as sterilization method, type, mode of delivery, and end user. Growth of sterilization services market attributed to increasing focus on outsourcing of sterilization processes among pharmaceutical companies, hospitals, and medical device manufacturers; increasing prevalence of hospital-acquired infections; growth in number of surgical procedures; and rising focus on food sterilization and disinfection.

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The global sterilization services market is projected to reach USD 3.31 Billion by 2022 from USD 2.25 Billion in 2016, at a CAGR of 6.7% from 2017 to 2022. The growth of the market can be attributed to the factors such as the increasing focus on outsourcing of sterilization processes among pharmaceutical companies, hospitals, and medical device manufacturers; increasing prevalence of hospital-acquired infections; growing number of surgical procedures, and rising focus on food sterilization.

Sterilization services market is segmented into ethylene oxides sterilization, gamma sterilization, electron beam sterilization, steam sterilization, and other sterilization methods. The e-beam sterilization segment is expected to register highest CAGR during forecast period. Features like faster turnaround time, no requirement of any radioactive sourcing or resourcing, & uniform & controlled doses for in e-beam sterilization process are reasons propelling growth of this market.

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Sterilization services market in this report is segmented on basis of sterilization method, type, mode of delivery, & end user. This report also provides market information on major regional segments, namely, North America, Europe, Asia Pacific, & Rest of the World. Moreover, advantages like penetration capabilities, high material compatibility, & low costs associated with use of this sterilization method are also expected to drive market growth.

The global sterilization services market is consolidated in nature with the top two players, namely, STERIS (UK), and Sterigenics International (US). The other leading players in this market include Cantel Medical (US), Cretex Companies (US), E-BEAM Services (US), Medistri (Switzerland), Beta-Gamma-Service (Germany), COSMED Group (US), Life Science Outsourcing (US), Noxilizer (US), and Centurion Medical Products (US).

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The report also includes an in-depth regulatory analysis for various regions across the globe and competitive analysis of the key players in this market along with their company profiles, service offerings, recent developments, and key market strategies.

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