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
Ethylene oxide (ETO) segment is expected to drive the growth of the global sterilization services market by method
According to a new market research study of ‘Sterilization Services Market to 2027 – Global Analysis and Forecasts by Method, Service Type, Mode of Delivery, and End-User.’ The global sterilization services market is anticipated to reach US$ 4,400.18 Mn in 2027 from US$ 2,712.32 Mn in 2019. The market is anticipated to grow with a CAGR of 6.3% from 2020-2027. The report provides trends prevailing in the global sterilization services market and the factors driving market along with those that act as hindrances.
In order to Increasing Prevalence of Healthcare Associated Infections 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, insufficient equipment, 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 global sterilization services market, based on method, was segmented as (Ethylene Oxide (ETO) Sterilization, Gamma Sterilization, Electron Beam Radiation Sterilization, Steam Sterilization, and Other Sterilization Methods. Ethylene oxide (ETO) led the market in 2019, contributing to have the highest market share and is expected to retain its dominance during the forecast period from 2020 to 2027.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. The ETO sterilization services market is owing to grow due to an extensive network of ETO sterilization service providers worldwide. Further, its advantages such as broad-range material compatibility, easy penetration, and sizeable sterilizing capacity are also contributing to the market growth.
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.. among Others.
The report segments Global Sterilization Services Market as follows:
Global Sterilization Services Market – By Method
Global Sterilization Services Market – By Service Type
Global Sterilization Services Market –Mode of Delivery
Global Sterilization Services Market – By End-User
Global sterilization services Market – By Geography
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