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Sterilization Services
Market by Method
Sterilization Services Market Overview 2030
The global sterilization services market size was
valued at $3,381 million in 2020, and is projected to reach $5,594 million by
2030,registering a CAGR of 5.1% from 2021 to 2030.
The COVID-19 outbreak is anticipated to have a
positive impact on growth of the sterilization services market. Ethylene
oxide(ETO) sterilization segment is expected to witness a incline owing to rise
in usage of ethylene oxide (ETO) sterilization in various applications such as
medical device sterilization, pharmaceutical sterilization, and sterilization &
disinfection in the life sciences industry. The use of reprocessed equipment to
sterilize or disinfect medical devices is higher than normal during the
COVID-19pandemic since inappropriate decontamination of medical devices can rise
the chances of COVID-19. This has surged the demand for sterilization services
to ensure the appropriate sterilization of medical devices.
Sterilization services are recognized as the way of
eliminating unwanted microorganisms present in the environment. In sterilization
services, physical or chemical methods are used to kill spore, microbes, and
viruses. In hospitals & other medical facilities, the risk of crossinfection
from equipment, surface & skin of patient, and healthcare staff as well as
contamination of pharmaceutical or other products has increased considerably.
Thus, sterilization services serve as an ideal method to inhibit the growth of
microorganisms. Different types of sterilization services include ethylene oxide
(ETO) sterilization, gamma sterilization, and e-beam sterilization.
Increase in incidence of hospital-acquired
infections; surge in number of surgical procedures that need high intensity
infection prevention& control; rise in number of government awareness programs
to ensure high degree infection prevention; increase in geriatric population;
and rise in cases of chronic diseases such as diabetes, cancer, heart obesity,
and respiratory disorders act as the key driving forces of the global
sterilization services market. In addition, increase in need for sterilization
services in hospitals & clinics, technological advancements in sterilization
equipment, and surge in outsourcing of sterilization services among hospitals
and pharmaceutical & medical device companies are expected to boost the growth
of the sterilization services market. However, concerns regarding the safety of
reprocessed instruments are expected to restrain the growth of the market.
Conversely, high growth potential in emerging countries is expected to offer
lucrative opportunities during the forecast period.
The World Health Organization (WHO) on January 30,
2020 declared COVID-19 outbreak a public health emergency of international
concern. COVID- 19 has affected around 210 countries across the globe. Equipment
sterilization process plays a critical role in inhibiting the spread of COVID-19
infection in healthcare settings. Patient to patient pathogen transmission via
medical equipment can be completely prevented by properly sterilizing medical
equipment. The use of reprocessed equipment to sterilize or disinfect medical
devices was higher than normal during the COVID-19 pandemic since inappropriate
decontamination of respiratory care devices, surgical instruments, reusable
hemodialysis machines, and endoscopic devices may increase the risk of COVID-19
infection. These factors have augmented the demand for sterilization services to
ensure appropriate sterilization of medical devices. Thus, the outbreak of
COVID-19positively impacted the growth of the global market.
Sterilization Services Market Segmentation
The sterilization services market is segmented into
method, mode of delivery, end user, and region. On the basis of method, the
market is categorized into ethylene oxide (ETO) sterilization, gamma
sterilization, E-beam sterilization, and other methods. By mode of delivery, it
is divided into off-site sterilization services and on - site sterilization
services. The off - site sterilization services segment is further divided into
ethylene oxide (ETO) sterilization, gamma sterilization, E-beam sterilization,
and other methods. The on-site sterilization services segmentis further divided
into ethylene oxide (ETO) sterilization, gamma sterilization, E-beam
sterilization, and other methods. Depending on enduser, it is categorized into
hospitals & clinics, pharmaceutical & medical device companies, and others.
Region wise, the market isanalyzed across North America, Europe, Asia-Pacific,
and LAMEA.
Segment review
On the basis of method, the ethylene oxide (ETO)
sterilization segment was the major revenue contributor, and is projected to
grow significantly during the forecast period. This is attributed to wide usage
of ETO sterilization in sterilization & disinfection in the life sciences
industry.
By end user, the pharmaceutical & medical device
companies segment was the major shareholder in the sterilization services
market, owing to surge in prevalence of hospital-acquired infections (HAIs),
increase in number of pharmaceutical & medical device companies, rise in
adoption of single-use medical devices, and increase in outsourcing of
sterilization services among pharmaceutical & medical device companies across
the globe.
https://www.alliedmarketresearch.com/sterilization-servicesmarket-A07513 |
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