The size of the global sterilization services market is forecasted to grow USD 9.32 billion by 2026 from USD 6.06 billion in 2021, showcasing a CAGR of 9.0% from 2021 to 2026.
Sterilization is defined as a process of complete elimination or destruction by different physical and chemical methods of all types of microbial life (i.e., both vegetative and spore forms).
In particular, sterilization services, which are 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 important and therefore constitutes a health risk. According to WHO, the most effective and should be used wherever possible are classical sterilization services using saturated steam under pressure or hot air.
Filtration, ionizing radiation (gamma and electron-beam radiation), and gas are other sterilization types (ethylene oxide, formaldehyde). Physical methods and chemical methods include common sterilization methods. Dry heat, steam, radiation, and plasma are physical techniques. Radiation includes several kinds, including gamma radiation, electron beam, X-ray, microwave, ultraviolet, and white (broad spectrum) light. For example, chemical methods include ethylene oxide, propylene oxide, chlorine dioxide, ozone gases, and a range of liquid and vapor chemicals, such as glutaraldehyde, peracetic acid hydrogen peroxide. Steam sterilization has been used in hospitals and the pharmaceutical, aseptic, and food industries for a long time.
Increasing Prevalence of Healthcare-Associated Infections (HAIs) is primarily promoting the global sterilization services market growth.
Millions of people around the world are affected by HAIs (healthcare-associated infections) when receiving health treatments. Factors such as insufficient conditions in the hygiene climate, poor quality of guidelines for infrastructure, and lack of awareness in emerging countries about infection prevention measures increase the prevalence of HAIs. Annual expenditure due to healthcare-related infections is projected to be around US$ 7.7 billion in Europe and US$ 6.5 billion in the US, according to the WHO.
With the increasing geriatric population pursuing a healthier lifestyle and well-established healthcare facilities in developed countries, technical developments have increased. 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 the further spread of infectious diseases. Besides, the growth of the pharmaceutical industry is another significant factor accelerating the growth rate of the market.
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 serious shortage of existing medical devices. COVID-19 is expected to have a strong 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 industry are on the verge of or have already invested capital in developing their sterilization techniques.
Sterilization of healthcare workers' protective equipment and clothing has emerged as 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-friendly and has greater effectiveness compared to traditional sterilization techniques. The high usage of ethylene oxide sterilization techniques in the covid-19 pandemic is expected to boost market development.
Market Size Available
2020 to 2026
2021 to 2026
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 on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
This research report on the global sterilization services market has been segmented and sub-segmented based on method, type, end-user, and region.
Sterilization Services Market - By Method:
Based on the method, the most significant share of the sterilization services market in 2020 is 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 broad material compatibility, simple penetration into the narrow lumen, and large sterilizing volume/chamber capacity.
Sterilization Services Market - By Type:
Based on type, the most significant share of the sterilization services market in 2020 is commandeered by contract sterilization services. This classification's massive share 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.
Sterilization Services Market - By End-User:
In 2019, the hospital and clinics led the market and are expected to register significant CAGR during the forecast period. On the other end, the medical device companies’ segment was growing at an aggressive rate and was 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 had accounted for similar shares in the global sterilization services market, considering the recent COVID-19 pandemics. It is expected that these segments will have significant growth in the near future.
Sterilization Services Market - By Region:
In 2020, North American led the global sterilization services market, followed by Europe. Geographically, the North American market dominated the global sterilization services market in 2020, followed by Europe due to a rise in the number of surgical procedures, growing need for sterilization and equipment in Health care infrastructure, and outsourcing of products.
Furthermore, Y-O-Y growth in the incidence of hospital-acquired infections and growing outsourcing of sterilization services by most medical device companies further accelerates 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 the 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 2020 to 2025. Steripro Canada is a certified company providing sterilization services and reprocessing medical devices.
The European market was at the 2nd position in accounting leading shares in the global market in 2019 and 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. The growing need for disinfectant medical devices and rising various diseases in hospitals and clinics positively impact the demand for sterilization services in this region. The U.K. sterilization services market had accounted majority of the share in 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 assessment period. The increasing number of surgical procedures, growing medical tourism, and healthcare infrastructure development are majorly promoting this regional market. Comprehensive technologies are used across various medical centers, food processing, agriculture, and cosmetics in this region. 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. This regional market is mainly driven by the increasing aging population and the growing number of hospitals and clinics. Sterigenics International LLC announced that it had acquired Sao Paulo-based Companhia Brasileira de Esterilização (CBE), the largest specialist in sterilization and the microbial load reduction in Latin America.
The Middle East & Africa market held a smaller portion in the global market in 2019. 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 of the key market participants are majorly accounting for the majority 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 announced its completion of acquiring Johnson and Johnson’s Advanced Sterilization Products Unit. The main goal of product launching is to expand their business, generate revenue, and help the customer achieve improved workflow safety, efficiency, and compliance.
Sterigenics International LLC announced the purchase of Companhia Brasileira de Esterilização (CBE) in August 2015. The main goal is to expand its business to meet rising customer demand. CBE is one of Latin America's largest specialists in sterilization and reduction of microbial loads.
CANTEL MEDICAL CORP. announced last month that its planned acquisition of Hu-Friedy Mfg had been completed. Co LLC, a world-leading device manufacturer and instrument reprocessing workflow systems supporting the dental industry, 111 years old. As previously reported, it is expected that the payment arrangement would result in tax benefits currently valued at over $100 million for Cantel.
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
2.2 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
3.1 Executive Summary
3.2 Key Inferences
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
5.1.3 Ethylene Oxide
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
5.2.2 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
5.3.2 Hospitals and Clinics
5.3.3 Food and Beverage
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
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Method
22.214.171.124 By Type
126.96.36.199 By End User
6.1.4 Market Attractiveness Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Method
220.127.116.11 By Type
18.104.22.168 By End User
6.1.5 Market Share Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Method
188.8.131.52 By Type
184.108.40.206 By End User
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
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
8.1.2 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
a) List of Tables
b) List of Figures