Sterilization Services Market is expected to reach US$ 4,717.56 million by 2028

Published Date: 19 Aug 2021

Report : Sterilization Services Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Method (Ethylene Oxide (ETO) Sterilization, Gamma Sterilization, Electron Beam Radiation Sterilization, Steam Sterilization, and Other Sterilization Methods), Service Type (Contract Sterilization Services and Sterilization Validation Services), Mode of Delivery (Offsite Sterilization Services and Onsite Sterilization Services), End User (Medical Device Companies, Pharmaceutical & Biotechnology Companies, Hospitals & Clinics, Food and Beverages, and Other End Users); and Geography

Sterilization Services Market for Medical Device Companies to Grow at Highest CAGR during 2021–2028

 

According to our new market research study on “Sterilization Services Market to 2028 – Global Analysis and Forecast – by Method, Service Type, Mode of Delivery, and End User,” the market is expected to reach US$ 4,717.56 million by 2028 from US$ 3,023.50 million in 2021; it is estimated to grow at a CAGR of 6.6% from 2021 to 2028. The report highlights trends prevailing in the market, and drivers and hindrances pertaining to the market growth.     

 

Based on method, the sterilization services market is segmented into ethylene oxide (ETO) sterilization, gamma sterilization, electron beam radiation sterilization, steam sterilization, and other sterilization methods. The ETO Sterilization segment is expected to hold the largest share of the market in 2021; however, the electron beam radiation sterilization segment is anticipated to register the highest CAGR in the market during the forecast period. 

 

Based on service type, the sterilization services market is segmented into contract sterilization services and sterilization validation services. The contract sterilization services segment is estimated to hold a larger market share in 2021, and it is further expected to register a higher CAGR during 2021–2028. Growth of the contract sterilization services segment is attributed to increased demand of custom services in the sterilization industry.

 

Based on mode of delivery, the sterilization services market is segmented into offsite sterilization services and onsite sterilization services. The offsite sterilization services segment would hold a larger market share in 2021, while the onsite sterilization services segment is expected to register a higher CAGR in during the forecast period. The growth of the market for offsite sterilization services is attributed to the increasing number of service providers and rising trend of outsourcing sterilization services.

 

The sterilization services market, by end user, is segmented into medical device companies, pharmaceutical and biotechnology companies, hospitals and clinics, food and beverages, and other end users. The medical device companies segment is expected to hold the largest share of the market in 2021, and the it is anticipated to register the highest CAGR from 2021 to 2028.

 

As the COVID-19 pandemic started spreading ruthlessly worldwide, the healthcare facilities were overwhelmed by the large number of patients in 2020. Frequent sanitization of the surfaces and sterilization became a necessity to prevent the spread of infection. In addition, the US Centers for Disease Control and Prevention (CDC) published sterilization and disinfection guidelines for medical facilities along with the need to sterilize medical devices that enter sterile tissue or a patient’s vascular system. However, before the COVID-19 crisis, concerns regarding ETO’s emissions led to the shuttering of ETO production plants across the US. Amid the pandemic, several facilities got permission to reopen and meet sterilization needs. For instance, in March 2020, the US Environmental Protection Agency (EPA) with the Georgia Environmental Protection Division (EPD) increased production safely and quickly at sterilization facilities in Covington and Madison to address the challenges introduced by the dramatic increased rise in need for sterile medical equipment.  

 

BGS Beta-Gamma-Service GmbH & Co. KG, Cosmed Group, E-BEAM Services Inc, Life Science Outsourcing Inc., MEDISTRI SA, Midwest Sterilization Corporation, Sotera Health Company, Microtrol Sterilisation Services Pvt Ltd., STERIS plc., and Scapa are among the leading companies operating in the sterilization services market.

 

Sterilization Services Market, by Region, 2021 (%)

Sterilization Services Market, by Region, 2021 (%)

Contact Us
Contact Person: Sameer Joshi 
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com 

Download Free PDF Brochure