The new report by Expert Market Research titled, ‘Global Sterilisation Services Market Report and Forecast 2022-2027’, gives an in-depth analysis of the Global Sterilisation Services Market, assessing the market based on its segments like method, business type, end use, and regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
• Forecast CAGR (2022-2027): 5.9%
Market Overview (2017-2027)
North American sterilisation services market is predicted to grow significantly throughout the forecast period because of the increased emphasis on healthy lifestyles and illness prevention among customers, the. During the forecast period, the sterilisation services industry is expected to be propelled by an increase in the geriatric population, the need for sterilisation services to reduce the prevalence of HAIs, and the implementation of favourable government initiatives and stringent sterilisation regulations in the region.
Industry Definition and Major Segments
Sterilisation services are used in the medical technology business to remove bacteria and other germs from medical and diagnostic instruments. To eradicate spores, bacteria, and viruses, sterilisation services use physical or chemical methods. Cross-infection from patient and healthcare employee equipment, surfaces, and skin, as well as contamination of drugs or other products, has expanded dramatically in hospitals and other medical facilities. As a result, sterilising services have evolved as an effective method of preventing microbial development.
On the basis of method, the market is segmented into:
• Ethylene Oxide (ETO) Sterilisation
• Gamma Sterilisation
• Steam Sterilisation
• Electron Beam Radiation Sterilisation
On the basis of business type, the market is divided into:
• Contract Sterilisation Services
• Sterilisation Validation Services
On the basis of end use, the market is categorized as:
• Medical Devices Companies
• Hospitals and Clinics
• Pharmaceutical and Biotechnology Industry
On the basis of region, the market is segmented into:
• North America
• Latin America
• Middle East and Africa
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The major factors driving the growth of the sterilisation service are an increase in the incidence of hospital-acquired infections, an increase in the geriatric population, an increase in the number of surgical procedures that require high-intensity infection prevention and control, an increase in the number of government awareness programmes to ensure high-level infection prevention, and an increase in the cases of chronic diseases such as diabetes, obesity, cancer, and respiratory disorders. The COVID-19 pandemic and rising hospital admissions throughout the world have raised demand for sterilising services dramatically. Furthermore, increased demand for sterilisation services in hospitals and clinics, technological developments in sterilisation equipment, and an increase in sterilisation service outsourcing among hospitals, pharmaceutical, and medical device businesses are likely to drive growth.
Key Market Players
The major players in the market are B. Braun Melsungen AG, E-BEAM Services, Inc, Steris Corporation, BGS Beta-Gamma-Service GmbH & Co. KG, Stryker Corporation, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.