Sterilization Services Market to reach US$ 4,400.18 million by 2027 and to grow at a CAGR of 6.3%

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Sterilization Services Market to reach US$ 4,400.18 million by 2027 and to grow at a CAGR of 6.3%

Sterilization Services Market to reach US$ 4,400.18 million by 2027 and to grow at a CAGR of 6.3%

Sterilization Services Market
The sterilization services market was valued at US$ 2,712.32 million in 2019 and is expected to grow at a CAGR of 6.3% from 2020 to 2027 to reach US$ 4,400.18 million by 2027.

Sterilization is a process that helps to eliminate, removes, or deactivates all forms of life and other biological agents present in food, the surface of an article or in a fluid, etc. Sterilization can be done through various means such as heat, chemicals, irradiation, high pressure, and filtration.

The global sterilization services market, based on the service type, is segmented into contract sterilization services and sterilization validation services. The contract segment is expected to continue its dominance during the forecast period. Contract services include in-house and off-site sterilization of medical devices, pharmaceuticals, and packaged units. Contract services are preferred by hospitals and manufacturers as they significantly reduce cost and resource burden, allowing them to focus on core activities. The market for sterilization services is expected to grow, owing to factors such as growing number of surgical procedures across the globe and rising incidences of healthcare associated infections. Moreover, increasing number of opportunities in developing countries are likely to have a positive impact on the growth of the market during the forecast period.

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Leading companies operating in the sterilization services market are BGS Beta-Gamma-Service GmbH & Co. KG.,Cosmed Group,E-BEAM Services Inc ,Life Science Outsourcing Inc.,MEDISTRI SA Midwest Sterilization Corporation ,Sterigenics U.S. LLC, Microtrol Sterilisation Services Pvt Ltd., Cantel Medical., STERIS plc., Inc. among Others.

Millions of people across the world get affected by HAIs (healthcare-associated infections) while receiving health treatments. Factors such as inadequate hygiene environment conditions, poor infrastructure absence of guidelines, and lack of knowledge regarding infection control measures are increasing the prevalence of HAIs. The common HAIs caused by inadequate sterilization procedures are hepatitis B and C, surgical site infections (SSI), HIV infection, urinary and vascular catheter-associated infections, and ventilator-associated infection. Healthcare-associated infections create additional suffering for patients, increase hospital stays with high cost, and resists the function of antimicrobials. According to the WHO, annual expenditure due to healthcare-associated infections is estimated to be approximately US$ 7.7 billion in Europe and US$ 6.5 billion in the US. The above mentioned facts highlight the importance of sterilization in the healthcare domain to prevent HAIs. Lack of sterilization in surgical instruments and reusable objects such as endoscopic devices, respiratory care devices, and hemodialysis devices, lead to HAIs

The ethylene oxide (ETO) sterilization segment held the largest share of the market. ETO is colorless gas that is commercially used in a variety of applications, such as the production of textiles, and the sterilization of personal care items and medical devices. It is the most common and crucial sterilization method during surgical procedures and other medical treatments. The process involves exposing products to ETO gas under vacuum in a sealed chamber. ETO has an ability to penetrate multiple layers of packaging, making it suitable for the broad range of materials. The size, shape, and material composition of many medical devices make ETO the most suitable sterilization method as other methods such as steam and radiation do not provide the required levels of sterility. Moreover, using non-ETO sterilization methods might result in material degradation of several devices, compromising product safety for patients.

 

The report segments Global Sterilization Services Market as follows:

Global Sterilization Services Market – By Method

  • Ethylene Oxide (ETO) Sterilization
  • Gamma Sterilization
  • Electron Beam Radiation Sterilization
  • Steam Sterilization
  • Other Sterilization Methods

Global Sterilization Services Market – By Service Type

  • Contract Sterilization Services
  • Sterilization Validation Services

Global Sterilization Services Market -Mode of Delivery

  • Offsite Sterilization Services
  • Onsite Sterilization Services

Global Sterilization Services Market – By End-User

  • Medical Device Companies
  • Hospitals & Clinics
  • Pharmaceutical & Biotechnology Companies
  • Other End Users

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