Sterilization Services Industry Analysis:
Sterilization technologies are many different processes that are used to eliminate all viable life forms including bacteria, prions, viruses, fungi, and spore forms from surfaces of equipment, medications, pharmaceuticals, food ingredients, and biological culture medium. The diversity of sterilization procedures and operating systems has grown tremendously as a result of efforts taken to optimize the process of sterilization to meet varying needs imposed by multiple products in multiple industries.
The majority of products in the healthcare facilities and medical device industry can and are terminally sterilized while the industrial sterilization processes are affected by multiple factors that cannot be controlled absolutely such as number of initial organisms, temperature regulation in every part of equipment, and the intrinsic viability of individual microorganism to resist heat. The main end users of the market are pharmaceutical manufacturers, hospitals and diagnostic clinics, and the many companies that manufacture medical devices.
The global sterilization services market is projected to grow at a CAGR of 6.7% to reach USD 3.31 Billion by 2022.
Sterilization Services Market Growth Analysis:
The growth of the market can be accredited to many factors such as the increasing focus on outsourcing of sterilization processes among pharmaceutical companies, hospitals, and medical device manufacturers, growing number of surgical procedures, increasing prevalence of hospital-acquired infections, and rising focus on food sterilization. The high installation and utility costs associated with sterilization technologies, introduction of disposable devices, such as bandages, syringes, sutures, and gowns and increase in regulatory pressures limit the market growth. Innovative advancements in the medical device industry and R&D activities by key leading players are expected to offer opportunities for market growth in the future.
Sterilization Services Market Regional Analysis:
North America is currently the most profitable region and is expected to maintain its leading position, owing to the quick adoption of new technology, high awareness levels among the masses, presence of number of companies in all the countries in the region and stringent government regulations to maintain cleanliness. Asia Pacific has been growing due to rise in awareness regarding diseases, improvement in healthcare infrastructure, and expansion of production sites of foreign players.
Prominent Players Covered in this Sterilization Services Market Report are:
- E-BEAM Services
- Sterigenics International
- Cretex Companies
- Cantel Medical
- COSMED Group
- Johnson & Johnson
- Centurion Medical Products.
This research report includes following segmentation for the Sterilization Services Market size and forecast until 2022.
- Ethylene Oxide (ETO) Sterilization
- Gamma Sterilization
- Electron Beam Radiation Sterilization
- Steam Sterilization
- Other Sterilization Methods
- Medical Device Companies
- Hospitals and Clinics
- Pharmaceutical & Biotechnology Industry
- Other End Users
Sterilization Services Market Analysis - By Region
- North America
- Central & South America
- Middle East & Africa