Global Sterilization Services Market

Sterilization Services Market Size, Share, Growth Analysis, By Sterilization method(Chemical Sterilization, Radiation Sterilization, Steam Sterilization, and Filtration Sterilization), By Application(Healthcare Facilities, Medical Device Manufacturers, and Pharmaceutical Industry), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35E2022 | Region: Global | Published Date: April, 2024
Pages: 219 | Tables: 64 | Figures: 75

Sterilization Services Market Dynamics

Sterilization Services Market Drivers

Increasing Demand for Infection Control 

  • Healthcare-associated infections (HAIs) are on the rise, and that is one of the factors pushing the demand for the global sterilization services market upwards globally. With the patient safety concerns, there is a need for effective sterilizing methods in order to minimize the chances of infection. Therefore, this needs for effective measures against infection drives the use of various advanced sterilization technologies in health care facilities. 

Stringent Regulatory Standards 

  • Stringent regulatory requirements imposed by health authorities are another critical driver of the global sterilization services market. Regulatory compliance guarantees that medical equipment and drugs are safe for use by the patients. As a result, both the producers and the medical practitioners have to use efficient sterilization techniques which in turn expand the market and encourage developments in sterilization services. 

Restraints 

Complexity of Sterilization Processes 

  • Complicated sterilization methods can hinder the expansion of the global sterilization services market by imposing difficulties in execution and compliance. Several healthcare centers may experience problems in the systemization of processes, conducting appropriate staff training, and managing the tools and appliances involved, which will lead to inconsistencies in sterilization results and further operational threats. 

Environmental Concerns and Regulations 

  • Sterilization services market growth is also hampered by increasing environmental issues concerning various sterilization agents, namely ethylene oxide. In several cases, due to strict environmental laws, the use of certain chemicals may be restricted causing the healthcare providers to look for other options. This can often be problematic; without proper sterilization, the practice of these ‘greener’ methods would be undesirable.
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FAQs

Global Sterilization Services Market size was valued at USD 4.90 Billion in 2022 and is poised to grow from USD 5.15 Billion in 2023 to USD 7.73 Billion by 2031, at a CAGR of 5.20% during the forecast period (2024-2031).

The competition in the global sterilization services market is majorly because of a few players enhancing innovation as well as efficiency. Some of the largest companies, such as Sterigenics International, Getinge AB and 3M are concentrating on enlarging their range of services and improving sterilization techniques and technology. Additionally, firms like STERIS plc and Belimed AG are investing in research and development to enhance sterilization efficacy and compliance with stringent regulatory standards, thereby positioning themselves as leaders in the evolving market. 'Steris (US)', '3M Company (US)', 'Johnson & Johnson (US)', 'Cantel Medical Corporation (US)', 'Getinge AB (Sweden)', 'Stryker Corporation (US)', 'MMM Group (Germany)', 'Advanced Sterilization Products (US)', 'Belimed (Switzerland)', 'Matachana Group (Spain)', 'Andersen Products (US)', 'STERIS Applied Sterilization Technologies (US)', 'Ecolab Inc. (US)', 'Tuttnauer (Israel)', 'Beta Star Life Science Equipment (US)', 'Consolidated Sterilizer Systems (US)', 'Matachana (Spain)', 'TSO3 Inc. (Canada)', 'Diversey, Inc. (US)', 'Sakura Global Holding Company (Japan)'

Healthcare-associated infections (HAIs) are on the rise, and that is one of the factors pushing the demand for the global sterilization services market upwards globally. With the patient safety concerns, there is a need for effective sterilizing methods in order to minimize the chances of infection. Therefore, this needs for effective measures against infection drives the use of various advanced sterilization technologies in health care facilities. 

Shift Towards Environmentally Friendly Sterilization Methods: The global sterilization services market is witnessing a shift towards eco-friendly sterilization methods such as hydrogen peroxide and ozone sterilization. These approaches reduce chemical residues and environmental pollution which as a result is able to cope with the growing regulatory requirements and consumer preference about the sustainable nature of healthcare and pharmaceutical practices. 

Asia Pacific is dominating the global sterilization services market due to rapid industrialization, increasing healthcare expenditure, and a growing emphasis on patient safety. The healthcare infrastructure in countries such as China and India are growing at a rapid pace and hence there is an increasing requirement for high-end sterilization equipment in hospitals and clinics. Furthermore, awareness regarding infection control especially after COVID-19 has also contributed to the growing demand for effective sterilization solutions. Further, this region has numerous manufacturers of medicines and medical apparatus, together with the supportive policies of the governments, promotes the growth of the market potential thus making Asia Pacific easily the dominant the global sterilization services market. 

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Global Sterilization Services Market

Report ID: SQMIG35E2022

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