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

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).

Sterilization services are a means of getting rid of undesirable germs from the environment. In sterilization services, viruses, bacteria, and spores are eliminated by physical or chemical means. The potential of cross-infection from medical equipment, patient surfaces and skin, healthcare personnel, and pharmaceutical or other product contamination has significantly grown in hospitals and other healthcare institutions. Sterilization services are therefore the best way to stop bacteria from growing. Ethylene oxide (ETO), gamma, and e-beam sterilization are among the several kinds of sterilization services. 

The major factors propelling the global sterilization services market are the rise in hospital-acquired infection rates, the increase in surgical procedures requiring high-intensity infection prevention and control, and the rise in chronic illnesses like diabetes, cancer, heart obesity, and respiratory disorders. The market for sterilization services is also anticipated to grow because of the growing demand for sterilization services in clinics and hospitals, technological developments in sterilization equipment, and an increase in the outsourcing of sterilization services by pharmaceutical and medical device companies as well as hospitals. However, it is anticipated that worries about the security of reprocessed instruments will limit market expansion.

US Sterilization Services Market is poised to grow at sustainable CAGR for the next forecast year.