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Sterilization Services Market by Method, Type, Mode of Delivery, End-user and COVID-19 Impact – Global Forecast to 2026 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Sterilization Services Market by Method (ETO, Gamma, Steam, X-ray), Type (Contract Sterilization, Validation Services), Mode of Delivery (Off-site, On-site), End User (Hospitals & Clinics, Pharmaceuticals), COVID-19 Impact – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.

The global sterilization services market is projected to reach USD 5.5 billion by 2026 from an estimated USD 4.1 billion in 2021, at a CAGR of 6.0% during the forecast period.

Based on method, the ethylene oxide (EtO) sterilization segment holds the largest market share during the forecast period.

Based on method, the market has been classified into ethylene oxide (EtO) sterilization, gamma sterilization, electron beam (e-beam) radiation sterilization, steam sterilization, x-ray irradiation, and other sterilization methods. The ethylene oxide (EtO) sterilization segment accounted for the largest share of the sterilization services market in 2020. This segment’s large share can be attributed to its extensive usage in various applications, including medical device sterilization, food testing, pharmaceutical sterilization, and sterilization and disinfection in the life sciences industry.

Based on type, the contract sterilization segment is expected to register the highest CAGR during the forecast period.

Based on type, the sterilization services market has been segmented into contract sterilization services and sterilization validation services. In 2020, the contract sterilization services segment accounted for the largest share and is also expected to grow at the highest CAGR during the forecast period. This can be attributed to the growing preference for contract sterilization by medical device companies and the increasing outsourcing of sterile processing by hospitals to specialized third-party vendors to reduce in-house costs related to sterilization.

Based on mode of delivery, the off-site sterilization services segment holds the largest market share during the forecast period.

Based on mode of delivery, the sterilization services market has been segmented into off-site sterilization services and on-site sterilization services. In 2020, the off-site sterilization services segment accounted for a larger share of the sterilization services market. The limited availability of space in in-house sterile processing departments, better efficiency of contract sterilization process than in-house sterilization, greater output with less financial risk, and the cost reduction benefits offered by off-site sterilization services are the key factors supporting the segment’s growth.

Based on end user, the medical device companies segment is expected to register the highest CAGR during the forecast period.

Based on end user, the sterilization services market has been segmented into hospitals & clinics, medical device companies, pharmaceutical & biotechnology companies, and others (food & beverage industry, cosmetic industry, dietary supplement manufacturers, veterinary industry, and other healthcare providers, such as long-term care facilities and diagnostic & imaging centers). The medical device companies segment is expected to grow at the highest CAGR during the forecast period. Growth in this segment is majorly attributed to the rising prevalence of HAIs, increasing adoption of single-use medical devices, the growing medical device industry, and the rising number of surgical procedures worldwide.

North America is expected to account for the largest share of the sterilization services market in 2020

In 2020, North America accounted for the largest share of the sterilization services market, followed by Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The region’s large share can be attributed to the growing demand for and adoption of sterilization services due to the rising focus on healthy lifestyles and disease prevention among consumers. A surge in the geriatric population in the coming years and the subsequent increase in the prevalence of chronic diseases, the need for sterilization services to minimize the prevalence of HAIs, and implementation of favorable government initiatives and stringent regulations for sterilization services are also expected to propel the sterilization services market in the region.

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Companies Mentioned

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