Global Sterilization Services Market 2024 Opportunity Assessment, Production Analysis, Growth Rate And Forecast To 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Sterilization Services Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The sterilization services market size has grown strongly in recent years. It will grow from $4.62 billion in 2023 to $4.97 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to stringent regulatory standard, increasing surgical procedures, globalization of medical device manufacturing, focus on infection control, rising aging population.

The sterilization services market size is expected to see strong growth in the next few years. It will grow to $6.73 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to increasing outsourcing of sterilization services, growing biotechnology and pharmaceutical industries, rise in ambulatory surgical centers, focus on sustainable sterilization practices, global pandemic preparedness. Major trends in the forecast period include rise in e-commerce for sterilization products, focus on sustainable sterilization practices, advanced sterilization technologies (ast), rapid sterilization for critical situations, customized sterilization solutions.

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Market Segmentation:
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

Major Driver - Rising Prevalence Of Hospital-Acquired Infections (HAIS) To Drive Market Growth
The growing prevalence of hospital-acquired infections (HAIs) is expected to propel the growth of the sterilization services market going forward. Hospital-acquired infections (HAIs) occur when a person receives treatment for another ailment in a medical facility. The increasing use of reusable medical equipment in hospitals, such as pulse oximetry sensors, catheters, stethoscopes, and other reusable devices, is one cause for the increased occurrence. Thus, reusable medical equipment and hospital premises must be sterilized to minimize the spread of such illnesses. For instance, in 2021, according to the Centers for Disease Control and Prevention, a US-based health agency under the Department of Health and Human Services, hospital-acquired methicillin-resistant staphylococcus aureus (MRSA) infections increased by 14% from 2020 to 2021. Further, there was 7% increase in central line-associated bloodstream infection (CLABSI) between 2020 and 2021. Thus, the growing prevalence of hospital-acquired infections is driving the growth of the sterilization services market.

Competitive Landscape:
Major companies operating in the sterilization services market report are 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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Top Trend - Product Innovations Transforming The Sterilization Services Market
Product innovations are a key trend gaining popularity in the sterilization services market. Major companies operating in the sterilization services market are focused on developing new solutions to strengthen their position in the market. For instance, in January 2023, PAMA Manufacturing and Sterilization, a Canada-based company specializing in medical device manufacturing and sterilization, launched an innovative ethylene oxide (EO) sterilization solution. This sterilization system uses 50% less EO gas, recycles it, and effectively prevents the direct release of EO into the environment. This technique uses 50% less EO gas throughout the sterilization cycle and responsibly recycles the EO. The closed system efficiently prevents the direct release of EO into the environment by capturing any consumed EO and sending it to our on-site scrubber for the elimination of hazardous compounds. The system's design is structured to be cost-effective, eco-efficient, and safe without compromising the sterility results of the traditional system.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Sterilization Services Market Characteristics
3. Sterilization Services Market Trends And Strategies
4. Sterilization Services Market - Macro Economic Scenario
5. Sterilization Services Market Size And Growth
…..
27. Sterilization Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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