openPR Logo
Press release

Sterilization Services Market is Slated to top US$ 6.3 Bn by 2031|Steris PLC, Cantel Medical Corporation

03-25-2022 03:17 PM CET | Health & Medicine

Press release from: Persistence Market Research

/ PR Agency: Persistence Market Research
Sterilization Services Market 2022-2031

Sterilization Services Market 2022-2031

Sterilization Services Market 2022-2031

The global Sterilization Services Market is estimated to grow noticeably in the next 10 years. With personalization doing the rounds, the healthcare vertical is also not expected to escape. With digitization, not just the track record of the patient but also the precautionary measures to be taken could be put forth. This would be how the healthcare vertical go about in the subsequent period.

As per Persistence Market Research's latest industry analysis, the global sterilization services market is slated to top US$ 6.3 Bn by 2031, expanding at a CAGR of around 7.2% over the forecast period (2022-2031).

Request for Free Sample Report of "Sterilization Services" Market @ https://www.persistencemarketresearch.com/samples/20770

With rising number of hospital-acquired infections (HAIs), demand for sterilization service is expected to grow at a high pace. Poor hygiene, infrastructure, and environmental conditions; inadequate equipment, lack of knowledge about infection control procedures, and dearth of regulations are all contributing to the rise in HAIs. The most common HAIs caused by poor sterilization procedures include urinary and vascular catheter-associated infections, surgical site infections (SSI), HIV infection, hepatitis B and C, and ventilator-associated infections.

Key Players:

The report has profiled some of the important players prevalent in the global like - Steris PLC, Cantel Medical Corporation, Stryker Corporation, Amcor, Centurion Medical Products (Medline), Johnson & Johnson, E - Beam Services, Inc., Cretex Companies, COSMED Group, Medistri SA, B. Braun Melsungen, and Life Science Outsourcing, Inc. and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Sterilization Services Market.  

Government mandates for hospital and medical equipment sterilization are expected to boost demand for sterilization services. Hospitals and medical device companies are increasingly employing sterilization services throughout their production lines as a result of government and regulatory pressures in the healthcare industry to guarantee compliance with Good Manufacturing Practices (cGMP).

Rising use of E-beam sterilization, reintroduction of ethylene oxide sterilization, expanding healthcare sector, and outsourcing of operational processes to emerging countries are projected to provide high-growth opportunities for sterilization service providers over the coming years.

Furthermore, the COVID-19 pandemic has accelerated demand for sterilization service due to the obvious increase of COVID-19 cases. There is greater emphasis on personal hygiene and manufacturing of medical nonwovens and single-use goods such as face masks and gloves. Concerns over the safety of reprocessed instruments, on the other hand, are projected to impede market expansion over the coming years.

Key Takeaways from Market Study

Contract sterilization services are expected to grow two-fold during the forecast period owing to reduced cost and resource burden while focusing on core activities.

By technique, the sterilization method using ethylene oxide holds nearly 41% of market share.

Medical device companies are comparatively preferred more than other end users. This segment is expected to expand at a CAGR of nearly 6.7% during the forecast period.

North America is leading the global market with the share of around 43% in 2020.

"Increase in biopharmaceutical-based product research, sudden outbreak of COVID-19, and increase in the number of HAIs are all driving demand for sterilization services," says an analyst of Persistence Market Research.

Market Competition

Manufacturing and service provider companies in the sterilization services market are emphasizing more on increasing their sales force and entering into strategic partnerships with local suppliers and distributors to expand product reach. Such strategies are helping companies grow their presence globally while also increasing their customer base.

STERIS acquired Cantel Medical in 2021 to extend its product and service offerings, global reach, and customers in the field of endoscopy, dental, dialysis, and life sciences customers.

Request For Customization @ https://www.persistencemarketresearch.com/request-customization/20770

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders 
Sterilization Services Market Manufacturers 
Sterilization Services Market Distributors/Traders/Wholesalers 
Sterilization Services Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

If you have any special requirements, please let us know and we will offer you the report as you want. 

Sterilization Services Market - Report Highlights

A detailed overview of parent market of Sterilization Services Market
Changing Sterilization Services Market dynamics in the industry
In-depth segmentation of the Sterilization Services Market
Historical, current, and projected Sterilization Services Market size regarding volume and value
Recent industry trends and developments in Sterilization Services Market
Competitive landscape of the Sterilization Services Market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on Sterilization Services Market performance
Must-have information for Sterilization Services Market players to sustain and enhance their market footprint                                             

Key Questions Answered in the Sterilization Services Market Report

How is the Sterilization Services Market expected to grow over the projected period?

What direction is the Sterilization Services Market expected to take in terms of volume and value during the forecast period?

What is the impact of macroeconomic factors on the Sterilization Services Market in future?

What are the key market drivers in the Sterilization Services Market?

What are significant opportunities and improvement areas for Sterilization Services Market manufacturers?

What are the key developments and trends taking over the Sterilization Services Market?

Which are the emerging countries that are expected to create significant growth opportunities in the Sterilization Services Market?  

If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.

Click Here to Get this Report@ https://www.persistencemarketresearch.com/checkout/20770

Media Contact:

Persistence Market Research

305 Broadway,7th Floor New York City, NY 10007 United States

Call +1-646-568-7751

Call +1 800-961-0353

sales@persistencemarketresearch.com

About PersistenceMarketResearch:

PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against rep/uted organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Sterilization Services Market is Slated to top US$ 6.3 Bn by 2031|Steris PLC, Cantel Medical Corporation here

News-ID: 2587686 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for Services

Managed Services by Ensure Services
Ensure Services is a leading managed services provider offering comprehensive IT support and solutions designed to streamline operations, improve efficiency, and reduce operational costs for businesses of all sizes. Our managed services are tailored to meet the unique needs of your organization, ensuring you can focus on your core business while we handle your IT infrastructure. With years of experience and a team of certified professionals, we deliver proactive monitoring, ongoing
Electrical Services Market Next Big Thing | Major Giants SSI Electrical Services …
A new business intelligence report released by AMA with title "Electrical Services Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Electrical Services Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and
North & South America Commercial Services Market 2022 (Employment Services, Offi …
The Business Research Company’s Commercial Services Global Market Report 2019 covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. Ratios of market size and growth to related markets, GDP proportions, and expenditure per capita for the market is detailed in the report. Data and analysis throughout the
AC Services & Repair, Refrigerator Services & Repair, Washing Machine Services & …
Kunal Repair & Services is growing on-demand home services platform in India and we are currently operating in Gurgaon. We offer an array of services which include AC Services & Repair, Refrigerator Services & Repair, Washing Machine Services & Repair, R.O Services & Repair, Microwave Services & Repair, Geyser Services & Repair. Our operating philosophy for solving this massive problem is - Right price. To know why we do what we
Electrical Services Market Technology and Outlook 2023 Top Companies are Allianc …
A report added to the rich database of Qurate Business Intelligence, titled “Global Electrical Services Market Size, Status and Forecast 2023”, provides a 360-degree overview of the worldwide market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the data reliable in context
Electrical Services Market Size 2018: Alliance Electrical Services, Housejoy, Te …
In 2017, the global Electrical Services market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025. This report focuses on the global Electrical Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Electrical Services development in United States, Europe and China. Get Sample Copy of this report @ http://www.orbisresearch.com/contacts/request-sample/2311492