The size of the Asia Pacific Sterilization Services market was worth USD 1.22 billion in 2021. This value is expected to grow at a CAGR of 10.12% and be worth USD 1.98 billion by 2026.
The rising prevalence of healthcare-associated infections (HAIs) in this region is one of the significant factors promoting the sterilization services market in APAC. HAIs (healthcare-associated infections) impact millions of individuals throughout the world who get medical treatment. Inadequate hygiene conditions, low-quality infrastructure norms, and a lack of understanding about infection control measures in emerging nations all contribute to a rise in the occurrence of HAIs.
Technical advancements have risen due to a rising senior population pursuing a healthy lifestyle and well-established healthcare facilities in industrialized countries. Moreover, as the covid-19 epidemic became more common, the demand for sterilizing services is significantly growing at a brisk pace, which is estimated to favor the APAC sterilization services market.
The high number of surgeries performed due to chronic diseases, the rapidly increasing number of geriatrics, suffering from chronic diseases and needing continuous care, and the rapidly evolving food and beverage sector further boost the growth of the sterilization services market in the Asia Pacific. Furthermore, contaminated devices might increase the risk of cross-contamination. Therefore, the spread of infectious diseases was also prevented by the use of sterilization equipment. In addition, the growth of the pharmaceutical industry has significantly accelerated the development of the market.
However, factors such as the establishment of stringent government policies before the services are allowed for commercial use, a lack of awareness of the need for sterilization, high equipment costs, and saturation in developed regions, on the other hand, prevent the APAC sterilization services market from reaching its full potential.
This research report on the Asia Pacific sterilization services market has been segmented and sub-segmented into the following categories.
By Method:
Based on the method, the Ethylene Oxide sterilization segment dominates the APAC sterilization services market during the forecast period, primarily due to the vast range of Ethylene Oxide sterilization service suppliers across the world and numerous advantages offered by this method like broad material compatibility, simple penetration into the narrow lumen, and large sterilizing volume/chamber capacity.
By Type:
Based on type, the massive share of this classification is attributed to the growing preference for contract sterilization services by medical device firms and increasing outsourcing by sterile processing departments (SPDs)/central sterile supply departments (CSSDs) in hospitals to specialized third-party vendors to cut back in-house prices involving sterilization.
By End User:
Based on end-user, the increasing number of medical device companies in growing countries, the rising need to guarantee sterility, and the growing use of single-use products drive the growth in this segment.
By Country:
During the assessment period, the Asia-Pacific market is predicted to develop at the fastest CAGR. This regional market is being boosted by increased surgical operations, rising medical tourism, and the expansion of healthcare infrastructure. Comprehensive technologies are applied in medical centers, food processing, agriculture, and cosmetics in this region. This is a significant driver of the Asia Pacific Sterilization Services market. In addition, the enormous effect of the COVID-19 pandemic, the expanding demand for food-borne illness sterilization, and the pharmaceutical and biotechnology sectors' desire all magnify this market’s demand.
China is expected to hold the largest share of the APAC sterilization services market during the forecast period. Factors such as an increase in the incidence of hospital-acquired infections in emerging economies, rise in adoption of sterilization equipment, development of the R&D sector, rise in healthcare reforms, and technological advancements in medical device manufacturing are driving the sterilization services market in China.
China is followed by India, which too has a significant share in the Asia Pacific sterilization market. With a surge in funding from government and non-government sectors to create awareness about infection prevention & control and a high population base, steady growth is expected from the Indian sterilization market.
KEY MARKET PLAYERS:
Companies that dominate the Asia Pacific sterilization services market profiled in the report are STERIS Corporation, Getinge Group, Advanced Sterilization Products, 3M Company, Belimed AG, Cantel Medical Corporation, Anderson Products Inc., Matachana Group, MMM Group, and Sterigenics International Inc.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Method
5.1.1 Introduction
5.1.2 Steam
5.1.3 Ethylene Oxide
5.1.4 Gamma
5.1.5 E-beam
5.1.6 Y-o-Y Growth Analysis, By Method
5.1.7 Market Attractiveness Analysis, By Method
5.1.8 Market Share Analysis, By Method
5.2 Type
5.2.1 Introduction
5.2.2 Contract Sterilization Services
5.2.3 Validation Services
5.2.4 Y-o-Y Growth Analysis, By Type
5.2.5 Market Attractiveness Analysis, By Type
5.2.6 Market Share Analysis, By Type
5.3 End User
5.3.1 Introduction
5.3.2 Hospitals and Clinics
5.3.3 Food and Beverage
5.3.4 Pharmaceuticals
5.3.5 Y-o-Y Growth Analysis, By End User
5.3.6 Market Attractiveness Analysis, By End User
5.3.7 Market Share Analysis, By End User
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Method
6.1.3.3 By Type
6.1.3.4 By End User
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Method
6.1.4.3 By Type
6.1.4.4 By End User
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Method
6.1.5.3 By Type
6.1.5.4 By End User
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 STERIS Corporation
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Getinge Group
8.3 Advanced Sterilization Products
8.4 3M Company
8.5 Belimed AG
8.6 Cantel Medical Corporation
8.7 Anderson Products Inc.
8.8 Matachana Group
8.9 MMM Group
8.10 Sterigenics International Inc.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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