Sterilization Services Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Method (ETO Sterilization, Gamma Sterilization, Steam Sterilization, Electron Beam Radiation Sterilization, and Other Sterilization), Business Type, End-User, and Geography.

Market Snapshot

Sterilization Services Market Image 1
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

5.9%

Key Players:

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Market Overview

With the high usage of complex equipment across medical and food processing facilities, the sterilization services are an important practice for a healthy ecosystem. The healthcare facilities constantly require three processes which include cleaning, disinfection, and sterilization. There are several policies being adopted at the national level by the government and individual companies which drives the demand for sterilization services particularly related to devices used for a healthy lifestyle. In healthcare facilities, hospital-acquired infections also play a crucial role to include the sterilization methods on a regular basis. The technological advancements and awareness in society in recent years have increased at a rapid pace with the growing number of the population seeking a healthy lifestyle and better facilities across industries. Such factors drive sterilization services. However, there are certain restraining factors such as harmful effects of certain chemical agents, absence of right manuals to performs improved and better sterilization service across a system in a limited period of time.

Scope of the Report

With the use of new and more number of medical devices across the healthcare facilities, the type of sterilization services needs improvement by the companies operating in this market. With that perspective, the scope of the market is segmented by the sterilization method, business type, and end-user, across different geographies of the world.

By Method
Ethylene Oxide (ETO) Sterilization
Gamma Sterilization
Steam Sterilization
Electron Beam Radiation Sterilization
Gamma Sterilization
By Business Type
Contract Sterilization Services
Sterilization Validation Services
By End User
Medical Device Companies
Hospitals and Clinics
Pharmaceutical & Biotechnology Industry
Other End Users
Geography
North America
United States
Canada
Mexico
Europe
France
Germany
United Kingdom
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Hospitals and Clinics are Estimated to Hold Major Share Over the Forecast Period

There is growth in the number of multispeciality hospitals and clinics across many countries in recent years. There is constant pressure of reducing waiting times and improving diagnostics processes for a wide range of diseases. The patient's pool has also increased significantly in several major tier I and tier II cities of many countries. The demand for a healthy lifestyle and improved awareness by societies drives the demand for sterilization facilities. Moreover, with consistent growth in the number of surgical procedures, the use of medical devices and supplies have increased rapidly. Therefore, by end-users, the hospitals and clinics are expected to hold major share over the forecast period.

Sterilization Services Market Image 2

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North America is Estimated to Have Largest Share in the Global Market

In the United States, high patient admission rates, technological advancements in healthcare facilities, more healthcare expenditure from the government, better distribution channels by sterilization services companies as well as reimbursement policies drive the studied market. Medical tourism from several emerging market also drives the growth of this market. Moreover, an as large number of companies first attempt to get the approval of medical devices particularly by the US FDA, the US and Canada become an integral part of revenues generation for instruments across major industries such as healthcare, food processing, and healthcare-based companies. In addition, the policies are well defined by the government regarding the use of services across healthcare facilities, which drives the usage and importance of sterilization services market, over the forecast period.

Sterilization Services Market Image 3

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Competitive Landscape

The major market players are focusing on technological advancements and investing more upon the services to the established facilities across industries. Some of the major players in the market are Johnson & Johnson, Steris Corporation, Stryker Corporation, Medistri, and Cantel Medical, among others.

Major Players

  1. Johnson & Johnson
  2. Steris Corporation
  3. Stryker Corporation
  4. Medistri
  5. Cantel Medical

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increased Hospital Acquired Infections

      2. 4.2.2 Technological Advacements in Use of Sterilzation Agents and Equipment in Industrial Facilities

      3. 4.2.3 Growing Awareness Regarding Clealiness across All Facilities

    3. 4.3 Market Restraints

      1. 4.3.1 Harmful Effects of Certain Chemical Agents

      2. 4.3.2 Lack of Avalaibility of Correct Manuals to Perform Sterilization Activities

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Method

      1. 5.1.1 Ethylene Oxide (ETO) Sterilization

      2. 5.1.2 Gamma Sterilization

      3. 5.1.3 Steam Sterilization

      4. 5.1.4 Electron Beam Radiation Sterilization

      5. 5.1.5 Gamma Sterilization

    2. 5.2 By Business Type

      1. 5.2.1 Contract Sterilization Services

      2. 5.2.2 Sterilization Validation Services

    3. 5.3 By End User

      1. 5.3.1 Medical Device Companies

      2. 5.3.2 Hospitals and Clinics

      3. 5.3.3 Pharmaceutical & Biotechnology Industry

      4. 5.3.4 Other End Users

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 France

        2. 5.4.2.2 Germany

        3. 5.4.2.3 United Kingdom

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 B. Braun Medical Ltd

      2. 6.1.2 BGS Beta-Gamma-Service GmbH & Co. KG

      3. 6.1.3 Cantel Medical

      4. 6.1.4 E-BEAM Services, Inc

      5. 6.1.5 Johnson and Johnson

      6. 6.1.6 Medistri

      7. 6.1.7 Noxilizer

      8. 6.1.8 Steris Corporation

      9. 6.1.9 Stryker Corporation

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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