Sterilization Services Market to grow at a CAGR of 11.0% by 2031 | Advanced Sterilization Products, E-BEAM Services, Inc., MMM Group

New York, New York, The Global Sterilization Services Market was valued at USD 3.2 billion in 2021 and it is anticipated to grow up to USD 9.1 billion by 2031, at a CAGR of 11.0% during the forecast period.

Global Sterilization Services Market report from Global Insight Services is the single authoritative source of intelligence on Sterilization Services Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Sterilization services are recognized as the way of eliminating unwanted microorganisms present in the environment. In sterilization services, physical or chemical methods are used to kill spore, microbes, and viruses. In hospitals & other medical facilities, the risk of cross-infection from equipment, surface & skin of patient, and healthcare staff as well as contamination of pharmaceutical or other products has increased considerably. Thus, sterilization services serve as an ideal method to inhibit the growth of microorganisms. Different types of sterilization services include ethylene oxide (ETO) sterilization, gamma sterilization, and e-beam sterilization.

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Market Trends and Drivers
Growing prevalence of hospital-acquired infections (HAIs) will positively impact the market growth during the forecast period. Hospital-acquired infections (HAIs) are nosocomial infections that occur during a patients stay at hospitals and related facilities and are not observed at the time of admission. Over the years, they have become a major cause of morbidity and mortality worldwide. The most common bacteria associated with HAIs include C. difficile, MRSA, Klebsiella, E. coli, Enterococcus, and the Pseudomonas species. Using infected medical devices during diagnostic and therapeutic procedures is a major cause of HAIs. According to the Centers for Disease Control and Prevention (CDC), up to 1.7 million hospitalized patients in the US annually acquire healthcare-associated infections (HCAIs) while being treated for other health issues, and more than 98,000 of these patients (one in 17) die due to HCAIs.

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Global Sterilization Services Market Segmental Overview
Global Sterilization Services Market Segmentation
Method
• ETO Sterilization
• Gamma Sterilization
• E-Beam Sterilization
• Steam Sterilization
• X-ray Irradiation
• Others
Type
• Contract Sterilization Services
• Sterilization Validation Services
Mode of Delivery
• Off-Site Sterilization Services
• On-Site Sterilization Services
End-use
• Hospitals & Clinics
• Medical Device Companies
• Pharmaceutical & Biotechnology Companies
• Others

Major Players in the Global Sterilization Services Market
The key players in the market are STERIS plc (US), Sotera Health Company (US), Stryker Corporation (US), Advanced Sterilization Products (ASP, US), E-BEAM Services, Inc. (US), MMM Group (Germany), Belimed AG (Switzerland), BGS Beta-Gamma-Service GmbH & Co. KG (Germany), Medistri SA (Switzerland), Noxilizer, Inc. (US), and among others

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