Sterilization Services Market to Attain USD 9.98 Bn by 2033

11 Nov 2024

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Table of Content

1. Sterilization Services Market Revenue and Trends 2. Market Overview 3. Report Highlights of the Sterilization Services Market 4. Sterilization Services Market Trends 5. Regional Outlook 6. Sterilization Services Market Coverage 7. Market News

Sterilization Services Market Revenue and Trends

The global sterilization services market revenue was valued at USD 5.60 billion in 2024 and is expected to attain around USD 9.98 billion by 2033, growing at a CAGR of 6.62% during forecast period. The increasing demand for sterilization services by several leading industries, such as healthcare and consumers, is driving the growth of the market.

Market Overview

The sterilization is the process that used to disinfect and sterile the environment chemically or physically. It is the process of removal of all types of microorganisms from the surface of the objects. There are number of physical and chemical types of sterilization process which used in the proper sterilization of the equipments in which steam sterilization, dry heat sterilization, and ethylene oxide sterilization are some of them.

Report Highlights of the Sterilization Services Market

• By method, gas modalities segment accounted for the largest share of the market in 2023. The increasing demand for gas sterilization modalities by the healthcare sector and the rising use of ethylene oxide sterilization for sterilizing the medical devices drives the expansion of the segment. 
• By method, the radiation modalities segment is expected to have substantial growth in the market during the predicted period. The radiation modalities are used to destroy the bacteria that cause severe illness and help neutralize the harmful bacteria. 
• By business type, the contract service sterilization segment led the sterilization services market in 2023. The increasing demand for the private sterilization and disinfection of the industrial environment is driving the growth of the contract service sterilization and the rising entrance of the new market players in the services driving the growth of the market. 
• By business type, the sterilization validation services segment is predicted to witness significant growth in the market over the forecast period. The sterilization validation service is the process that provides the assurance of the safety and sterilization of the medical equipment, surfaces, and products. 
• By mode of delivery, the on-site segment led the sterilization services market in 2023. The on-site sterilization services are majorly used in emergency services. It helps reduce downtime and ensures the efficiency of the services. 
• By mode of delivery, the off-site segment expects significant growth in the market during the forecast period. The increasing demand for off-site sterilization services from the healthcare sector for cleaning and sterilizing surgical instruments is accelerating the expansion of the segment. 
• By end-user, the healthcare facilities segment dominated the market in 2023. The increasing demand for sterilization services in healthcare facilities for cleaning instruments and equipment drives the growth of the sterilization services market by healthcare facilities. 
• By end-user, the medical device companies segment expected significant growth in the market during the predicted period. There is a rising demand for sterilization services for the cleaning and sterilizing of devices and equipment. 

Sterilization Services Market Trends

Increasing awareness about environmental sanitization:

The rising awareness regarding environmental disinfection and the rising prevalence of chronic illness by the spread of infectious diseases by microbes are driving the demand for sterilization services.

Technological advancements in sterilization: 

The integration of new technologies in the sterilization services, such as robotics, automation, low-temperature sterilization, and others with cost efficiency, enhanced effectivity, and environmental safety, is advancing the opportunity in the sterilization services market.

Increasing medical instrument reprocessing:

The increasing research and development in medical devices and technological advancements and the rising awareness of sterilizing medical instruments are driving the demand for medical instruments reprocessing.

Government support:

The rising government intervention in the development of the healthcare and sanitization sector is driving the growth of sterilization services. Government stringent policies in the sterilizing and infection-free environment are contributing to the expansion of the sterilization service market.

Regional Outlook

North America dominated the sterilization services market in 2023. The growth of the market is attributed to the rising industrialization and the awareness regarding disinfection and sterilization in the industrial and residential environment, which is driving the growth of the market. Additionally, the rising technological adaptation in sterilization activities and services and the rise of the COVID-19 pandemic are collectively driving the growth of the market in the region.

Asia Pacific expects the fastest growth in the market during the forecast period. The growth of the market is owing to the rising healthcare infrastructure and the demand for sterilization for medical devices and the environment. The rising government intervention in sanitization and sterilization activities and the technological advancements in sterilization services are collectively driving the growth of the sterilization services market across the region.

Sterilization Services Market Coverage

Market News

• In March 2024, STERIS launched the Verafit Sterilization Bags and Covers, featuring the patent-pending viewing window for visually inspecting and confirming the sterilized part dryness. 
• In March 2024, SBM Essential Line, the Syntegon subsidiary Schoeller-Bleckmann Medizintechnik (SBM) launched the SBM Essential Line, it is a series of sterilizers. 
• In January 2023, PAMA Manufacturing and Sterilization launched the new ethylene oxide (EO) sterilization solution designed to be eco-efficient, safe, and cost-efficient while maintaining sterility results with traditional solutions. 

Market Segmentation

By Method

• Gas Modalities
  • Ethylene Oxide Sterilization 
  • Hydrogen Peroxide Vapor Sterilization
  • Other Gas Modalities
• Radiation Modalities
  • Gamma Radiation Sterilization
  • X-Ray Sterilization
  • Ultraviolet Sterilization
  • Electron Beam Sterilization
  • Other Radiation Modalities
• Dry Heat Sterilization
• Other Methods

By Business Type

• Contract Sterilization Services
• Sterilization Validation Services

By Mode of Delivery

• On-Site
• Off-Site 

By End-Use

• Healthcare Facilities
• Medical Device Companies
• Pharmaceutical And Biotech Companies
• Other End-Users

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