Asia Pacific Sterilization Services market size was around USD 1.11 billion in 2018. It is expected to grow at a CAGR of 10.12% to reach USD 1.8 billion by 2023.
Factors such as the increasing incidence of HAIs, rising range of surgical procedures because of the fast-growing geriatric population, and rising prevalence of chronic disorders across the world are driving the market growth. Additionally, the increasing outsourcing of sterilization processes by medical device manufacturers and outsourcing of hospitals sterile departments to cut back health care prices are further increasing the demand for sterilized services.
The Sterilization Services market is segmented based on Method, by Type and by End User. By type the market is categorized into Steam, Ethylene Oxide, Gamma, E-beam. The biggest share of sterilization services market in 2016 is contributed by Ethylene Oxide. The Ethylene Oxide sterilization segment will still dominate the sterilization services market, primarily due to the vast range of Ethylene Oxide sterilization service suppliers across the world and numerous advantages offered by this method like wide material compatibility, simple penetration into narrow lumen, and large sterilizing volume/chamber capacity. The market is divided into contract sterilization services and sterilization validation services depending on the type of the sterilization services. The biggest share of the sterilization services market in 2016 is commandeered by contract sterilization services. 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 specialised third-party vendors so as to cut back in-house prices involving sterilization. The sterilization services market is categorized into medical device companies, hospitals and clinics, pharmaceutical & biotechnology industry, and other end users depending on End User. In 2016, the biggest share of the sterilization services market is contributed by medical device category. Factors like the increasing number of medical device companies in growing countries, rising need to guarantee sterility, and increasing use of single-use products are driving the growth in this segment.
By geography, the market is segmented into India, China, Korea, Japan and others. Asia-Pacific is anticipated to experience a high growth rate due to factors such as rising prevalence of geriatric population, high disposable incomes in economically growing countries like China and India, rising incidence of nosocomial infections, and improving healthcare infrastructure in Asian countries.
Key players in the market include 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
