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Offsite Sterilization Service Market Size, Share Analysis And Trends By 2033
Offsite Sterilization Service Market Size
According to The Business Research Company's, The offsite sterilization service market size has grown strongly in recent years. It will grow from $2.22 billion in 2023 to $2.39 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to economic growth and industrialization, consumer preferences and lifestyle changes, regulatory changes, technological advancements, globalization and supply chain dynamics.
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Market Drivers and Trends:
The growing prevalence of hospital-acquired infections (HAIS) is expected to propel the growth of the offsite sterilization service market going forward. Hospital-acquired infections refer to infections that patients acquire during receiving healthcare treatment in a hospital or other healthcare facility. Offsite sterilization service strategies address hospital-acquired infections (HAIs) by implementing a range of measures designed to minimize the risk of infection and enhance patient safety. For instance, in December 2023, according to the Australian Institute of Health and Welfare, an Australia-based government agency, hospitals recorded 1,546 Staphylococcus aureus bloodstream infections (SABSI) over 21.1 million patient care days, with a rate of 0.73 cases per 10,000 patient days in 2021-22, and MSSA infections increased slightly to 0.62 per 10,000 patient days from 0.61 in 2020-21. Therefore, the growing prevalence of hospital-acquired infections (HAIS) is driving the growth of the offsite sterilization service market.
Major companies operating in the offsite sterilization service market are developing innovative facilities, such as surgical instrument sterilization solutions, to increase their profitability in the market. Surgical instrument sterilization solutions are chemical or physical agents used to eliminate all microorganisms, including bacteria, viruses, and fungi, from surgical instruments. For instance, in October 2023, Innovative Sterilization Technologies LLC, a US-based manufacturer of reusable sealed sterilization devices, launched ONE TRAY Total Solution for its New Offsite Sterilization Facility. It is a system designed to improve the efficiency and effectiveness of surgical instrument sterilization, particularly for high-turnover instruments in hospitals and ambulatory surgical centers. It features a unique filtration system that allows for steam penetration and sterility maintenance for up to 48 hours after sterilization.
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Major Key Players of the Market:
Schneider Electric SE , Stryker Corporation , Terumo BCT Corporation , Steris plc , Andersen Scientific Inc., Sotera Health Company, Sterigenics LLC , Cantel Medical Corporation , Wipak Holding GmbH, Koch Industries Inc. , CRETEX Medical, B. Braun Sterilog Ltd., Midwest Sterilization Corporation, Quality Tech Services LLC, Scapa group, Etone Technologies Ltd. , Life Science Outsourcing Inc., Pro-Tech Design and Manufacturing Inc., E-BEAM Services Inc., Infinity Laboratories, Medistri SA, BGS Beta-Gamma-Service GmbH & Co. KG, ClorDiSys Solutions Inc., Noxilizer Inc., Blue Line Sterilization Services LLC
Offsite Sterilization Service Market 2024 Key Insights:
• The offsite sterilization service market is expected to grow to $3.06 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.
• HAIs Driving Demand For Effective Offsite Sterilization Services
• Enhancing Efficiency In Hospital Settings With Latest Sterilization Technology
• North America was the largest region in the offsite sterilization service market in 2023
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