Sterilization Services Market Set to Soar Past USD 6.98 Billion by 2030
The global Sterilization Services market size is expected to reach USD 6.98 billion by 2030 and exhibit a CAGR of 5.2% in the forecast period (2023−2030), according to Skyquest's latest research report. The rising awareness of infection control, growing number of surgical procedures, stringent regulatory requirements, expanding pharmaceutical and biotechnology industries, technological advancements in sterilization methods, globalization of the medical device industry, increasing emphasis on quality control, and rising concern about healthcare-associated infections are fueling the market's growth.
Westford, USA, Feb. 12, 2024 (GLOBE NEWSWIRE) -- According to SkyQuest's latest global research of the Sterilization Services market, the growing adoption of single-use medical devices, the rise in outsourcing of sterilization services, increasing focus on environmentally-friendly sterilization methods, the emergence of new sterilization technologies, and the integration of automation and robotics in sterilization processes are the trends that aid in the market's growth.
*Browse in-depth TOC on "Sterilization Services Market" *
· Pages - 157
· Tables - 64
· Figures - 75
Sterilization services are the processes used to render an item free of all living microorganisms. This is important in healthcare settings to prevent the transmission of infection, as well as in other industries, such as food processing and pharmaceuticals.
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*Prominent Players in Sterilization Services Market*
· STERIS plc
· Sotera Health Company
· Stryker Corporation
· Advanced Sterilization Products (ASP)
· E-BEAM Services, Inc.
· MMM Group
· Belimed AG
· BGS Beta-Gamma-Service GmbH & Co. KG
· Medistri SA
· Noxilizer, Inc.
· Steripure SAS
· Europlaz Technologies Limited
· Centerpiece
· Midwest Sterilization Corporation
· Getinge Group
· Cantel Medical
· Matachana Group
· Sterigenics International LLC
· Olympus Corp.
· Johnson & Johnson
· DuPont
*Packaged Foods Demand to Grow Substantially in the Forecast Period*
Packaged foods dominated the global online market as it is known for its ability to penetrate various materials, making it suitable for a wide range of medical devices and materials, including plastics and electronics. It is preferred for products sensitive to heat and moisture as it operates at lower temperatures. EtO sterilization may remain dominant in cases where low-temperature sterilization is essential, especially for specific medical devices and electronic components.
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*Medical Devices is the Leading Application Segment *
Medical devices, including surgical instruments, implantable devices, and diagnostic equipment, often require stringent sterilization to ensure patient safety. As the healthcare industry continues to grow due to aging populations and advancements in medical technology, the demand for sterilization services for medical devices is likely to remain strong.
*North America is the leading Market Due to the Technological Advancements *
Region-wise, North America has well-developed healthcare systems and a large healthcare industry. The presence of a significant number of medical device manufacturers, pharmaceutical companies, and research institutions contributes to the demand for sterilization services. Stringent regulatory requirements and quality standards in these countries drive the need for reliable sterilization services.
A recent report thoroughly analyzes the major players operating within the Sterilization Services market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for Sterilization Services.
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*Key Developments in the Sterilization Services Market*
· In June 2023, E-BEAM Services announced a partnership with ELIX Polymers, a global manufacturer of specialty plastics, to offer electron beam crosslinking services for ELIX's specialty materials.
· In May 2023, Sterigenics announced the acquisition of Beta-Gamma Service, a provider of gamma irradiation sterilization services in France, expanding its footprint in Europe.
*Key Questions Answered in Sterilization Services Market Report*
· What specific growth drivers are projected to impact the market during the forecast period?
· Can you list the top companies in the market and explain how they have achieved their positions of influence?
· In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market's future growth?
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