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Global Sterilization Services Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report - Segmented By Method (Steam, Ethylene Oxide, Gamma and E-beam), Type (Contract Sterilization Services and Validation Services), End-User (Hospitals and Clinics, Food and Beverage and Pharmaceuticals) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Industry Analysis (2024 to 2029)

Published: March, 2023
ID: 7923
Pages: 145
Formats: report pdf report excel report power bi report ppt

Global Sterilization Services Market Size (2024 to 2029)

The size of the global sterilization services market is forecasted to grow to USD 11.06 billion by 2029 from USD 7.19 billion in 2024, showcasing a CAGR of 9.0% from 2024 to 2029.

Sterilization services, any physical or chemical method that destroys all life types, are used to kill microorganisms, spores, and viruses. The destruction of all microorganisms precisely describes sterilization by an effective chemical agent or by heat, either by wet steam at a pressure of 120 °C (250 °F) or more for at least 15 minutes or by dry heat at a temperature of 160 to 180 °F °C (320 to 360 °F) for three hours. For the destruction or elimination of all microorganisms (including spore-forming and non-spore-forming bacteria, viruses, fungi, and protozoa) that may contaminate pharmaceuticals or other products, sterilization is essential and therefore constitutes a health risk. Therefore, according to WHO, classical sterilization services using saturated steam under pressure or hot air are the most effective and should be used wherever possible.

Global Sterilization Services Market Drivers:

The growing prevalence of healthcare-associated infections (HAIs) is one of the key factors propelling the sterilization services market. Technological developments have increased with the increasing geriatric population pursuing a healthier lifestyle and well-established healthcare facilities in developed countries. In addition, the increased incidence of the COVID-19 outbreak led to the growing demand for market sterilization services. These are driving factors of the sterilization services market.

Additionally, the growing number of surgical procedures resulting from the prevalence of several chronic diseases, the rising percentage of geriatrics in the world population, frequently suffering from medical disorders and in need of continuous treatment, and the rapidly increasing food and beverage sector are further significantly hiking the growth of the global sterilization services market. Also, the contaminated devices may contribute to infection cross-transmission. Such factors also resulted in the need for sterilization equipment to avoid spreading infectious diseases. Besides, the growth of the pharmaceutical industry is another significant factor accelerating the market's growth rate.

Global Sterilization Services Market Restraints:

On the other hand, factors such as the presence of stringent government policies before the services are allowed for commercial use, lack of awareness of the need for sterilization, massive equipment costs, and saturation in developed regions hinder the sterilization services market from achieving its true potential.

Impact of COVID-19 on the global sterilization services market:

The arrival of the COVID-19 pandemic is likely to affect the development of the global demand for sterilization services in the face of a severe shortage of existing medical devices. Therefore, COVID-19 is expected to have a substantial effect over the next couple of years on the growth of the sterilization services industry. In their efforts to fight the novel coronavirus (COVID-19) pandemic, many companies operating in the sterilization services market are on the verge of or have already invested capital in developing their techniques. Sterilization of healthcare workers' protective equipment and clothing has become the primary importance in the global healthcare sector. Different sterilization methods are being introduced by many countries, including irradiation sterilization, to increase protective clothing production efficiency. Moreover, irradiation is eco-friendlier and more effective than traditional sterilization techniques. The high usage of ethylene oxide sterilization techniques during the COVID-19 pandemic is expected to boost market development.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

Segments Covered

By Method, Type, End-User, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis; DROC, PESTLE Analysis, Porter's Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leader Profiled

STERIS Corporation, Getinge Group, Advanced Sterilization Products, 3M Company, Belimed AG, Cantel Medical Corporation, Anderson Products Matachana Group, MMM Group, and Sterigenics International Inc.

 

This research report on the global sterilization services market has been segmented and sub-segmented based on method, type, end-user, and region.

Global Sterilization Services Market - By Method:

  • Steam
  • Ethylene Oxide
  • Gamma
  • E-beam

Based on the method, the ethylene oxide segment accounted for a significant share of the sterilization services market in 2023. The Ethylene Oxide sterilization segment will still dominate the sterilization services market, primarily due to the vast range of Ethylene Oxide sterilization service suppliers worldwide and the numerous advantages this method offers, like broad material compatibility and simple penetration into the narrow lumen and large sterilizing volume/chamber capacity.

Global Sterilization Services Market - By Type:

  • Contract Sterilization Services
  • Validation Services

Based on type, the contract sterilization services segment was the leader in the market in 2023. This classification's massive share is attributed to medical device firms' growing preference for contract sterilization services 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.

Global Sterilization Services Market - By End-User:

  • Hospitals and Clinics
  • Food and Beverage
  • Pharmaceuticals

In 2021, the hospital and clinics segment led the market and is expected to register a significant CAGR during the forecast period. Conversely, the medical device companies segment is anticipated to grow aggressively and is considered the most lucrative segment. Factors such as the increasing number of medical device companies in developing countries, the rising need to guarantee sterility, and the growing use of single-use products drive this segment's growth.

Other segments, such as F&B and pharmaceuticals, accounted for a substantial share of the global sterilization services market in 2023, considering the recent COVID-19 pandemic. Therefore, it is expected that these segments will have significant growth soon.             

Global Sterilization Services Market - By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

The North American market dominated the global sterilization services market in 2023, followed by Europe due to a rise in surgical procedures, a growing need for sterilization and equipment in healthcare infrastructure, and the outsourcing of products. Furthermore, Y-O-Y's growth in the incidence of hospital-acquired infections and growing outsourcing of sterilization services by most medical device companies further accelerate the growth rate of this regional market. In this region, the United States sterilization services market was in the top position in 2019. Growing incidences of chronic diseases and increased adoption of standard sterilization services among hospitals and research centers are majorly supporting the U.S. market. The Canadian sterilization services market is forecasted to have a promising growth rate between 2024 to 2029. Steripro Canada is a certified company providing sterilization services and reprocessing medical devices.

The European market was the 2nd most significant region in the global market in 2023 and is predicted to register a substantial CAGR during the forecast period. As per the WHO, the expenses per annum due to healthcare-associated infections are around 7.7 billion USD in Europe. In addition, the growing need for disinfectant medical devices and rising diseases in hospitals and clinics positively impact the demand for sterilization services in this region. The U.K. sterilization services market accounted for most of the European market in 2019. Scapa Healthcare offers a wide range of sterilization services, including in-house gamma irradiation, microbiology, storage, and product stability.

The Asia-Pacific market is expected to grow at the highest CAGR rate during the forecast period. Increasing surgical procedures, growing medical tourism, and healthcare infrastructure development are majorly promoting this regional market. Comprehensive technologies are used across this region's various medical centers, food processing, agriculture, and cosmetics. The significant impact of the COVID-19 pandemic, the growing demand for sterilization in food-borne diseases, and the further increasing demand for pharmaceutical and biotechnology industries amplify the market demand. Countries such as China and India are expected to register the highest growth. The government initiatives bolster sterilization device production.

The Latin American market is the second quickest-growing region, followed by APAC in the global market. The increasing aging population and the growing number of hospitals and clinics drive this regional market. Sterigenics International LLC announced that it had acquired Sao Paulo-based Companhia Brasileira de Esterilização (CBE), the largest specialist in sterilization and microbial load reduction in Latin America.

The Middle East & African market held a smaller portion of the global market in 2023. The increase in the availability of sterilized services, growth in the number of service providers providing customized sterilization services and launch of new sterilization amenities over the region. Africa is said to have slow growth in the market.

KEY MARKET PARTICIPANTS AND SHARE INSIGHTS:

Notable companies leading the global sterilization services market profiled in this report are STERIS Corporation, Getinge Group, Advanced Sterilization Products, 3M Company, Belimed AG, Cantel Medical Corporation, Anderson Products Matachana Group, MMM Group, and Sterigenics International Inc.

The global sterilization services market is consolidated, and some key market participants account for most of the share. New Product Launches and Acquisitions are some of the key strategies adopted by the major market participants to maximize their market share.

RECENT MARKET HAPPENINGS:

  • In April 2019, Fortive Corporation purchased Johnson and Johnson's Advanced Sterilization Products Unit.
  • Sterigenics International LLC bought Companhia Brasileira de Esterilização (CBE) in August 2015. It is a strategic step by Sterigenics International LLC to expand its business presence and meet the growing demand from customers. Companhia Brasileira de Esterilização (CBE) is a Latin America-based company that deals with sterilization and reducing microbial loads.

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FAQ's

How much was the global sterilization services market worth in 2023?

The global sterilization services market size was valued at USD 6.6 billion in 2023.

Does this report include COVID-19 on the sterilization services market?

This report has an inclusive analysis on how the COVID-19 has impacted the sterilization services market.

Which region had the largest share of the sterilization services market in 2023?

Geographically, the North American region accounted for the most significant share of the global market in 2023.

Who are some of the notable players in the sterilization services market?

STERIS Corporation, Getinge Group, Advanced Sterilization Products, 3M Company, Belimed AG, Cantel Medical Corporation, Anderson Products Matachana Group, MMM Group, and Sterigenics International Inc. are a few of the promising companies in the sterilization services market.

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