Sterilization Services Market: Current Analysis and Forecast (2021-2027)

Sterilization Services Market: Current Analysis and Forecast (2021-2027)

  • UnivDatos Market Insight
  • August 2021
  • Healthcare
  • 231 pages

Report Description

The growth of the sterilization services market can largely be attributed to factors such as the high incidence of hospital-acquired infections; the increasing number of surgical procedures; the growing focus on food sterilization; and the increasing outsourcing of sterilization services among pharmaceutical companies, hospitals, and medical device manufacturers. In addition, the growing medical device and pharmaceutical companies in emerging economies, increasing use of E-beam sterilization, reintroduction of ethylene oxide sterilization, and the growing healthcare industry and outsourcing of operation to emerging countries are expected to offer high-growth opportunities for market players during the forecast period.

In 2021, Sterigenics S.A.S., a subsidiary of Sotera Health Company, expanded its ethylene oxide (EO) facility located in Rantigny, France, thereby increasing its European sterilization capacity.

Based on method, the market has been classified into ethylene oxide (EtO) sterilization, gamma sterilization, electron beam (e-beam) radiation sterilization, steam sterilization, x-ray irradiation, and other sterilization methods. The ethylene oxide (EtO) sterilization segment accounted for the largest share of the sterilization services market in 2020. This segment’s large share can be attributed to its extensive usage in various applications, including medical device sterilization, food testing, pharmaceutical sterilization, and sterilization and disinfection in the life sciences industry.

Based on type, the sterilization services market has been segmented into contract sterilization services and sterilization validation services. The contract sterilization services segment accounted for the highest CAGR of the sterilization services market during the forecast period.

By mode of delivery, the sterilization services market has been segmented into off-site sterilization services and on-site sterilization services. In 2020, the off-site sterilization services segment accounted for a larger share of the sterilization services market. The limited availability of space in in-house sterile processing departments, better efficiency of contract sterilization process than in-house sterilization, greater output with less financial risk, and the cost reduction benefits offered by off-site sterilization services are the key factors supporting the segment’s large share.

Based on end user, the sterilization services market has been segmented into hospitals & clinics, medical device companies, pharmaceutical & biotechnology companies, and others (food & beverage industry, cosmetic industry, dietary supplement manufacturers, veterinary industry, and other healthcare providers, such as long-term care facilities and diagnostic & imaging centers). Growth in this segment is majorly attributed to the rising prevalence of HAIs, increasing adoption of single-use medical devices, the growing medical device industry, and the rising number of surgical procedures worldwide.

For a better understanding of the market penetration of the Sterilization Services market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of APAC), and Rest of World. North America constitutes a major market for disposable medical device sensor and generated revenue of USD XX billion in 2020 owing to the presence of well-established players in the region, emerging investment in healthcare R&D by players etc., However, the Asia Pacific region would grow at the highest CAGR during the forecast period.

Some of the major players operating in the Sterilization Services market are  STERIS plc, Sotera Health Company, Stryker Corporation, Advanced Sterilization Products, E-BEAM Services, Inc., MMM Group, Belimed AG (Switzerland), BGS Beta-Gamma-Service GmbH & Co. KG, Medistri SA, and Noxilizer, Inc.

The global sterilization services market is projected to reach USD XX billion by 2026 from an estimated USD XX billion in 2021, at a CAGR of XX% during the forecast period. End users like hospitals and medical device companies are increasingly adopting sterilization services throughout their production lines due to mandates introduced by governments and regulatory bodies in the healthcare industry to maintain compliance with Good Manufacturing Practices (GMP). The introduction of mandates by government and regulatory bodies in the healthcare industry is the primary reason for the market witnessing significant growth.

The Sterilization Services Market is projected to grow at a CAGR of XX % during 2019 - 2027 to reach US$ XX billion by 2027. The growth of the sterilization services market can largely be attributed to factors such as the high incidence of hospital-acquired infections; the increasing number of surgical procedures; the growing focus on food sterilization; and the increasing outsourcing of sterilization services among pharmaceutical companies, hospitals, and medical device manufacturers. In addition, the growing medical device, and pharmaceutical companies in emerging economies, increasing use of E-beam sterilization, reintroduction of ethylene oxide sterilization, and the growing healthcare industry and outsourcing of operation to emerging countries. 

Over the years, there has been a significant rise in the number of surgical procedures performed worldwide. According to the WHO (2019), approximately 235 million major surgical procedures are performed worldwide every year. This is attributed to the growing prevalence of obesity and other lifestyle diseases, the rising geriatric population, and the increasing incidence of spinal injuries and sports-related injuries. The growing number of surgical procedures performed has resulted in the increasing demand for different surgical equipment and medical devices. This is expected to drive the demand for sterilization services due to the proven benefits of sterilized products and growing awareness about their effectiveness in healthcare settings. 

Equipment sterilization plays a critical role in preventing the spread of COVID-19 in healthcare settings. During the outbreak, patient-to-patient pathogen transmission via medical devices can be entirely prevented by properly sterilizing medical devices. The usage of reprocessed equipment to disinfect or sterilize medical devices is higher than normal during the pandemic since improper decontamination of surgical instruments, endoscopic devices, respiratory care devices, and reusable hemodialysis machines can increase the chances of COVID-19. This has increased the demand for sterilization services to ensure the proper sterilization of medical devices. Considering the higher demand for sterilization, governments and corporations are taking various initiatives to increase their sterilization capacity. In 2020, Sotera Health Company acquired Iotron, a key outsourced provider of E-beam sterilization services in North America. This acquisition helped expand its electron beam (E-beam) footprint and added new expertise to its Sterigenics business. These strategic initiatives by key participants are anticipated to drive the market for Sterilization Services in the coming years.

Some of the leading companies operating in the market include STERIS plc, Sotera Health Company, Stryker Corporation, Advanced Sterilization Products, E-BEAM Services, Inc., MMM Group, Belimed AG (Switzerland), BGS Beta-Gamma-Service GmbH & Co. KG, Medistri SA, and Noxilizer, Inc.

Insights Presented in the Report

“Amongst method, Ethylene Oxide (ETO) segment holds the major share.”

Based on method, the market has been classified into ethylene oxide (ETO) sterilization, gamma sterilization, electron beam (e-beam) radiation sterilization, steam sterilization, x-ray irradiation, and other sterilization methods. The ethylene oxide (ETO) sterilization segment accounted for the largest share of the sterilization services market in 2020. This segment’s large share can be attributed to its extensive usage in various applications, including medical device sterilization, food testing, pharmaceutical sterilization, and sterilization and disinfection in the life sciences industry. 

“Amongst Type, contract sterilization segment holds the major share.”

Based on type, the sterilization services market has been segmented into contract sterilization services and sterilization validation services. The contract sterilization services segment accounted for the highest CAGR of the sterilization services market during the forecast period.

 “Amongst Delivery mode, off-site segment dominated the market during the forecast period.”

Based on Delivery mode, the sterilization services market has been segmented into off-site sterilization services and on-site sterilization services. In 2020, the off-site sterilization services segment accounted for a larger share of the sterilization services market. The limited availability of space in in-house sterile processing departments, better efficiency of contract sterilization process than in-house sterilization, greater output with less financial risk, and the cost reduction benefits offered by off-site sterilization services are the key factors supporting the segment’s large share. “Amongst End-User, medical device companies segment dominated the market during the forecast period.”

Based on end user, the sterilization services market has been segmented into hospitals & clinics, medical device companies, pharmaceutical & biotechnology companies, and others (food & beverage industry, cosmetic industry, dietary supplement manufacturers, veterinary industry, and other healthcare providers, such as long-term care facilities and diagnostic & imaging centres). Growth in this segment is majorly attributed to the rising prevalence of HAIs, increasing adoption of single-use medical devices, the growing medical device industry, and the rising number of surgical procedures worldwide. 

“North America represents one of the largest markets of Sterilization Services market.”

For a better understanding of the market dynamics of the Sterilization Services market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), Rest of World has been conducted. North America dominated the market and generated revenue of US$ XX million in 2020 owing to the rising per capita income. 

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

Customization Options:

The Sterilization Services Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

Companies Covered

  • STERIS plc
  • Sotera Health Company
  • Stryker Corporation
  • Advanced Sterilization Products
  • E-BEAM Services, Inc.
  • MMM Group
  • Belimed AG (Switzerland), BGS Beta-Gamma-

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Table of Content

1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Objective of the Study
1.3. Limitation
1.4. Stake Holders
1.5. Currency Used in Report
1.6. Scope of the Global Sterilization Services Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Methodology for the Global Sterilization Services Market
2.1.1. Main Objective of the Global Sterilization Services Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY


5 COVID-19 IMPACT

6 GLOBAL STERILIZATION SERVICES MARKET REVENUE

7 MARKET INSIGHTS BY METHOD
7.1. ETO
7.2. Gamma
7.3. Steam
7.4. X-Ray

8 MARKET INSIGHTS BY TYPE
8.1. Contract Sterilization
8.2. Validation Services

9 MARKET INSIGHTS BY MODE OF DELIVERY
9.1. Off-site
9.2. On-site

10 MARKET INSIGHTS BY END USER
10.1. Hospitals & Clinics
10.2. Medical device companies
10.3. Pharmaceuticals & Biotechnology companies

11 MARKET INSIGHTS BY REGION
11.1. North America Sterilization Services Market
11.1.1. The U.S
11.1.2. Canada
11.1.3. Rest of North America
11.2. Europe Sterilization Services Market
11.2.1. Germany
11.2.2. France
11.2.3. U.K.
11.2.4. Spain
11.2.5. Italy
11.2.6. Rest of Europe
11.3 .Asia Pacific Sterilization Services Market
11.3.1.China
11.3.2.Japan
11.3.3.India
11.3.4. Australia
11.3.5. Rest of Asia Pacific
11.4.Rest of the World Sterilization Services Market

12 STERILIZATION SERVICES MARKET DYNAMICS
12.1. Market Drivers
12.2. Market Challenges
12.3. Impact Analysis

13 LEGAL & REGULATORY FRAMEWORK

14  DEMAND AND SUPPLY SIDE ANALYSIS

14.1. Demand Side Analysis
14.2. Supply Side Analysis
14.2.1. Top Product Launches
14.2.2. Top Business Partnerships
14.2.3. Top Merger & Acquisitions

15 VALUE CHAIN ANALYSIS

16 STERILIZATION SERVICES MARKET OPPORTUNITIES

17 STERILIZATION SERVICES MARKET TRENDS & INSIGHTS


18 COMPETITIVE SCENARIO
18.1. Porter’s Five forces analysis
18.1.1. Bargaining power of Supplier
18.1.2.Bargaining power of Buyer
18. 1.3.Industry Rivalry
18.1.4. Availability of Substitute
18.1.5. Threat of new Entrants

19 COMPANY PROFILED
19.1. Medline Industries, Inc.
19.1.1. Key Facts
19.1.2. Business Description
19.1.3. Key Product/Services Offerings
19.1.4.  Growth Strategy
19.1.5.  SWOT Analysis
19.1.6.  Key Financials
19.1.6.1. Revenue Split
19.1.6.2. Financial Overview of Medline Industries, Inc.
19.1.7.  Recent Developments
19.1.7.1. Product Launch
19.1.7.2.Partnerships
19.1.7.3.Business Expansion and Investments
19.1.7.4.Merger and Acquisition
19.2. TERIS
19.3. Sterigenics U.S.
19.4. LLC – A Sotera Health company
19.5. Life Science Outsourcing, Inc.
19.6. Noxilizer
19.7. Cantel Medical
19.8. Cretex Companies
19.9. E-BEAM Servicess, Inc.
19.10. Johnson & Johnson Servicess Inc.
19.11. 3M

20 DISCLAIMER 

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