Global Terminal Sterilization Services Market Size 2024, Forecast To 2033
6 Mar, 2024
The terminal sterilization services market has experienced rapid growth, surging from $11.62 billion in 2023 to $12.9 billion in 2024, with a compound annual growth rate (CAGR) of 11.0%. Historical growth is linked to factors such as the increasing stringency of regulatory standards, a rise in healthcare expenditure, growing demand for sterile medical devices, an increasing number of surgical procedures, and the globalization of pharmaceutical manufacturing. Looking forward to 2028, the market is poised for rapid growth, reaching $20.23 billion at a CAGR of 11.9%. Contributing factors in the forecast period include the rapid expansion of the biopharmaceutical industry, the demand for sterilization of single-use medical devices, a focus on outsourcing sterilization processes, the rise in contract sterilization services, the globalization of medical device manufacturing, and increased adoption of sterile packaging. Noteworthy trends during this period encompass rising outsourcing trends, advancements in sterilization technologies, a focus on single-use devices, stringent regulatory compliance, and an emphasis on environmental sustainability.
Global Terminal Sterilization Services Market Key Driver
The terminal sterilization services market is expected to experience growth driven by the increasing incidence of hospital-acquired infections. Healthcare-associated infections, acquired during hospital stays, necessitate terminal sterilization processes for medical devices and instruments, particularly those used for multiple patients. According to the World Health Organization, more than 24% of patients worldwide were affected by healthcare-associated infections in 2022. Additionally, estimates from the Centers for Disease Control and Prevention (CDC) suggest that hospital-acquired infections in the US accounted for 1.7 million infections and 99,000 associated deaths annually by 2022, with 32% of all healthcare-acquired infections in the US. These numbers are expected to rise in the future, emphasizing the critical role of terminal sterilization services in addressing the growing incidence of hospital-acquired infections.
Get A Free Sample Of The Global Terminal Sterilization Services Market ReportGlobal Terminal Sterilization Services Market Segments
The terminal sterilization services market covered in this report is segmented –
1) By Type: Contract Sterilization Services, Sterilization Validation Services
2) By Method: Ethylene Oxide (Eto) Sterilization, Gamma Sterilization, Steam Sterilization, Electron Beam Radiation Sterilization, X-Ray
3) By Technology: Gravity, Vacuum, Steam, Forced Convention, Natural Convention
4) By End-Use: Hospital And Clinics, Pharma And Nutraceuticals, Medical Device Manufacturing/Packaging, Academic Research Institutes, Other End Users
By Geography:The regions covered in the terminal sterilization services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the terminal sterilization services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global terminal sterilization services market report during the forecast period. The regions covered in the terminal sterilization services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Terminal Sterilization Services Industry Players
Steris plc, Getinge Group, Advanced Sterilization Products Services Inc., 3M Company, Belimed AG, Sterigenics International LLC, TSO3 Inc., Olympus Corporation, Matachana Group, Andersen Sterilizers Inc., Steelco S.P.A, Fedegari Group, Sotera Health Co., E-BEAM Services Inc., BGS Beta-Gamma-Service GmbH & Co. KG, Stryker Corporation, Medistri SA, Noxilizer Inc., H.W.Andersen Products Ltd., Cosmed Group, Cretex Companies Inc., Life Science Outsourcing Inc., MICROTROL Sterilisation Services Pvt. Ltd., Avantti Medi Clear, Steripure SAS, Europlaz Technologies Limited, Centerpiece Holdings LLC, Midwest Sterilization Corporation, Blue Line Sterilization Services LLC, Johnson And Johnson
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Terminal Sterilization Services Market Overview
Terminal sterilization is the process of sterilizing a product in its final stage by exposing it to either physical or chemical sterilizing agents. Terminal sterilization services primarily ensure the sterility of the product and also obtain a sterility assurance level (SAL) for that product.
Terminal Sterilization Services Global Market Report 2023 provides data on the global terminal sterilization services market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The terminal sterilization services market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.