The Sterilization Services Market delves into various aspects, enabling readers to gain a deep understanding of the market dynamics, trends, and potential opportunities.
The global sterilization services market size was valued at more than $3,000 million in 2020 and is forecast to grow at a CAGR of more than 4.5% during the forecast period from 2021 to 2027.
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A sterilization service is recognized as an effective method of eliminating unwanted microbes in an environment. The methods used in sterilization services kill microbes, spores, and viruses through physical or chemical means. Healthcare facilities and hospitals are at greater risk of cross-infection from equipment, surfaces & skin of patients, employees, and contamination of pharmaceutical products. Hence, sterilization services are an excellent way to prevent the growth of microorganisms. In addition to ethylene oxide (ETO) sterilization, gamma sterilization and electron beam sterilization are also available.
Market Dynamics: the Sterilization Services Market
Driving Forces
- The incidence of hospital-acquired infections has increased
- An increase in the number of surgical procedures requiring intensive infection prevention & control
- A rise in the number of government programs to help prevent infections on a high level
- Increase in the geriatric population; and increase in chronic diseases including diabetes, cancer, heart disease, and respiratory ailments
Growth
- Technological advancements in sterilization equipment and an increase in the need for hospitals and clinics to sterilize
- Sterilization is increasingly outsourced by hospitals, pharmaceutical companies, and medical device makers
Restrain
- Reprocessed medical instruments: safety concerns
- Emerging countries seem to have high growth potential, so they should offer lucrative opportunities over the forecast period.
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Covid-19 Impact: the Sterilization Service Market
COVID-19 was declared a public health emergency of International Concern by the World Health Organization (WHO) on January 30, 2020. The COVID-19 virus has spread to 210 countries worldwide. During the COVID-19 outbreak, sterilization of hospital equipment played a crucial role in preventing the further spread of infection. The transmission of pathogens from medical equipment to patients cannot occur through the proper sterilization of medical equipment. Since improper decontaminating respiratory care devices, surgical instruments, reusable hemodialysis machines, and endoscopic devices may elevate the risk of infection, thus reprocessing equipment was used more than normal during the COVID-19 pandemic. Sterilization services have been in demand as a result of these factors for ensuring the sterilization of medical devices. Hence, the outbreak of COVID-19 had an encouraging impact on the global market.
Regional Analysis: the Sterilization Services Market
Asia-Pacific is expected to offer lucrative opportunities for key players in the sterilization services market, as hospital-acquired infections will increase in emerging economies, sterilization equipment adoption will rise, healthcare reforms will increase, and technological advancements will contribute to the growth of the market. Also, the surge in government funding and non-government support to generate public awareness about infection prevention and control and the large population base contribute to market expansion. Also, the surge in leading manufacturers’ efforts to capture high market share from emerging Asia-Pacific countries will fuel the growth of the sterilization services market in the region.
Aim of the Report: the Sterilization Service Market
The sterilization services market is segmented based on the method, mode of delivery, end-user, and region.
Segmentation based on Method
- E-beam Sterilization
- Ethylene Oxide (ETO) Sterilization
- Gamma Sterilization
- Other Methods
Segmentation based on Mode of Delivery
- On-site Sterilization Services
- Ethylene Oxide (ETO) Sterilization
- E-beam Sterilization
- Gamma Sterilization
- Other Methods
- Off-site Sterilization Services
- Gamma Sterilization
- Ethylene Oxide (ETO) Sterilization
- E-beam Sterilization
- Other Methods
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Segmentation based on End-User
- Pharmaceutical & Medical Device Companies
- Hospitals & Clinics
- Others
Segmentation based on Region
- LAMAE
- Europe
- North America
- Asia-Pacific
Key Competitors: The Sterilization Service Market
- E-BEAM Services, Inc.
- Fortive Corporation
- H.W. Andersen Products Ltd.
- Medistri SA
- MMM Group
- Noxilizer Inc.
- Metall Zug AG.
- Steris Plc.
- Stryker Corporation.
- Sotera Health LLC.
Table of Content
Chapter 1: Global Sterilization Services Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Sterilization Services market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Sterilization Services Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Sterilization Services market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Sterilization Services market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Sterilization Services market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Sterilization Services market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Sterilization Services business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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