Global Sterilization Services Market – Analysis and Forecast (2018-2024)

Industry Insights by Method (Ethylene Oxide, Steam, Gamma, Electron Beam Radiation and Others), by Type (Contract Sterilization Services and Sterilization Validation Services), by Mode of Delivery (Offsite Sterilization Services and Onsite Sterilization Services) and by End User (Medical Device Companies, Pharmaceutical & Biotechnology Industry, Hospitals and Clinics and Others)

Status : Upcoming
Report Code : VRHC1055
Available Format : PDF
Industry : Healthcare

Industry Overview

Sterilization is the method of abolishing all microorganisms and their pathogenic products. The global sterilization services market is growing at significant rate, due to mounting emphasis on outsourcing of sterilization processes among medical device manufacturers and escalating occurrence of hospital-acquired infections. Different types of sterilization services contributed to the sterilization services market size. The market is expected to witness high demand for contract sterilization services due to budding inclinations for contract sterilization by medical device.

Market Segmentation

Insight by Method

On the basis of method the market is subdivided into ethylene oxide (ETO) sterilization, steam sterilization, gamma sterilization, electron beam radiation sterilization and others. Of all methods, ethylene oxide sterilization market accounted largest share in the market due to its widespread usage in numerous applications, such as food testing, sterilization and disinfection in the life sciences industry, medical device sterilization, and pharmaceutical sterilization. In addition it has various benefits such as high material compatibility, diffusion competences, and low prices related with the usage of ETO sterilization method.

Insight by Type

There are two types of sterilization, sterilization validation services and contract sterilization services. Budding inclinations for contract sterilization by therapeutic device companies and mounting outsourcing of sterilized dispensation by hospitals to specialized third-party vendors in order to decrease in-house prices associated to sterilization are some of the factors responsible for the growth of the contract sterilization services segment. Of both the types, the contract sterilization services are expected to grow at fastest rate in the sterilization services market.

Insight by Mode of Delivery

There are two modes of delivery, offsite sterilization services and onsite sterilization services. Inadequate availability of area in in-house sterile processing departments, larger output with minimal monetary threat, improved competence of contract sterilization process than in-house sterilization, and the price decline advantages offered by offsite sterilization services are the factors growing the demand of offsite sterilization services. Among the all mode of deliveries, the offsite sterilization services are expected to grow at fastest rate in the sterilization services market.

Insight by End User

The different end users are medical device companies, pharmaceutical & biotechnology industry, hospitals and clinics and others. Escalating number of medical device companies in developing countries, mounting usage of single-use products and mounting requirement to confirm sterility are the factors growing the demand of sterilization services in medical device companies. Among the all end users, the medical device companies accounted the largest share in the sterilization services market.

Industry Dynamics

Industry Trends

Mounting implementation of sterilization using nitrogen oxide and budding number of acquisitions and agreements are the trends in the sterilization services market. For instance, in March 2018 Cantel Medical Corporation acquired Aexis Medical BVBA to improve its position in infection prevention market and to improve its product portfolio by access into healthcare information analytics.

Growth Drivers

Mounting emphasis on outsourcing of sterilization processes among medical device manufacturers, pharmaceutical companies, and hospitals, budding number of surgical procedures, escalating occurrence of hospital-acquired infections and expanding emphasis on food sterilization and disinfection in food industry are the primary growth drivers for sterilization services market.

Development in the medical devices market, mounting need for e-beam sterilization, strict assessment of medical devices by FDA and mounting demand of services in developing countries are also facilitating the growth for the sterilization services market.

Challenges

The injurious causes of ethylene oxide and sterilization of innovative medical instruments are the major challenges for the growth of sterilization services market.

Industry Ecosystem

Globally, the manufacturing companies trying to enter the sterilization services market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier for the entry of new players. This offers an edge to the established players in the industry competition.

Geographic Overview

Geographically, North America is the largest sterilization services market as in the region the occurrence of hospital acquired infections is increasing. Mounting outsourcing of sterilization services by hospitals and medical devices companies, mounting guidelines for the usage of sterilized medical devices, and escalating number of surgeries executed in the U.S., are also up surging growth of the North American sterilization services market.

Asia-Pacific is observed to witness fastest growth in the market, due to refined healthcare infrastructure. In addition, expending medical tourism, mounting occurrence of nosocomial infections, and expanding medical device and pharmaceutical industry are also creating a positive impact on the sterilization services market growth in the region.

Competitive Insight

Key players in the sterilization services market are catering the demand of these devices by investing on technologically advanced products in their product portfolio across the globe. For instance, in April 2018 Cantel Medical Corporation received U.S. Food and Drug Administration 510 (k) clearance for ADVANTAGE PLUS Pass-Thru automated endoscope reprocessor in order to confirm the quality in infection inhibition by decreasing the threat of human error. Steris, Johnson & Johnson, E-Beam Services, Life Science Outsourcing, Cantel Medical Corporation, Beta-Gamma-Service, Medistri, Sterigenics International, Cretex Companies, Noxilizer and Stryker are the key players offering sterilization services.

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