Sterilization Services Market by Method (Electron beam, EtO, Steam, Gamma, X-Ray, Hydrogen Peroxide), Type (Contract Sterilization, Validation Services), Mode of Delivery (Off-Site, On-Site), End User, & Region - Global Forecast to 2029
The global sterilization services market is valued at an estimated 3.6 billion in 2024 and is projected to reach USD 5.2 billion by 2029, at a CAGR of 7.7% during the forecast period. The increasing number of surgeries performed has led to a growing need sterilization services. The demand for sterilization services is therefore expected to increase as prevalence of hospital-acquired infection is growing. The sterilization services market observes lucrative opportunity area due to the potential of E-beam sterilization.
“The gamma sterilization segment is projected to witness highest growth rate in the sterilization services market, by method, during the forecast period”
Based on method, the global sterilization services market is segmented into ethylene oxide sterilization, gamma sterilization, e-beam sterilization, x-ray sterilization, steam sterilization, hydrogen peroxide sterilization and other methods. . Gamma sterilization is ideal for high-throughput environments and packaged goods, effectively sterilizing items such as syringes, surgical gloves, and packaging components without altering the product, contributes to their extensive usage and market demand during the forecast period. Gamma sterilization has observed increasing demand from pharmaceutical, medical and packaging sctors due to bulk item sterilization and minimal residuals.
“The contract sterilization services segment is projected to witness the highest growth rate in the sterilization services market, by type, during the forecast period.”
Based on type, the sterilization services marketis segmented contract sterilization services and sterilization validation services. Contract sterilization services include off-site and on-site services for sterilizing several products and medical devices. These services are considered a good choice for most products, especially medical devices, owing to their suitability for large and small companies. These factors are contributing to growth of this segment. The growing preference of contract sterilization by medical device company is driven by focus on reducing surgical site infection.
“The off-site sterilization service segment is projected to witness the highest growth rate in the sterilization services market, in 2023, by mode of delivery”
Based on shape, the sterilization services market is segmented into off-site sterilization service and on-site sterilization service. Off-site sterilization/contract sterilization allows for higher output with less financial risk while ensuring the efficiency & quality of the product. Off-site sterilization services allow healthcare facilities, especially hospitals and ambulatory care facilities, to focus more on their core competencies, such as R&D and other healthcare provisions. Which is contributing to their extensive adoption and market demand during the forecast period.
“The medical device companies segment is projected to witness the highest growth rate in the sterilization services market in 2023, by end user”.
Based on end user, the sterilization services market is segmented into medical device companies, hospitals & clinics, pharmaceutical & biotechnology companies and other end users. The expansion of healthcare facilities, particularly in emerging markets, has led to an increase in number of medical device companies, driving demand for sterilization services among these end users during the forecasted period. Medical device companies recommend sterilization for products such as endoscopes, laproscopes, arthroscopes, mouth pieces and spirometry tubing.
“The Asia Pacific region is projected to witness highest growth rate in the sterilization services market during the forecast period”
The global sterilization services market is segmented into six regions - North America, Europe, Asia Pacific, the Middle East & Africa, Latin America, and the GCC Countries. Over the span of the forecast period, the sterilization services market is expected to grow at the fastest rate in the Asia Pacific region. Over the projected period, the Asia Pacific market is expected to develop at the greatest rate due to factors such government initiatives to raise awareness about infection control and the growing number of hospitals and clinics in China and India.
The primary interviews conducted for this report can be categorized as follows:
STERIS plc (Ireland), Sotera Health (US), Servizi Italia S.p.A (Italy), E-BEAM Services, Inc. (US), BGS Beta-Gamma-Service GmbH & co. KG (Germany), Medistri SA (Switzerland), H.W.Andersen Products Ltd. (UK), Cretex Companies (US),Life Science Outsourcing, Inc. (US), Microtrol Sterilisation Services Pvt Ltd. (India), Avantti Medi Clear (Mexico), SteriPack Group (Ireland), Europlaz (UK), Prince Sterilization Services, LLC (US), Steripure (France), SteriTek Inc. (US), Centerpiece (US), Sterilization Services (US), NextBeam (US), Meridian Medical (UK), C.G. Laboratories, Inc. (US), Pro-Tech Design and Manufacturing Inc. (US), ClorDiSys Solutions Inc. (US), Blue Line Sterilization Services, LLC (US) and Midwest Sterilization Corporation (US).
Research Coverage:
In this report, the sterilization services market has been categorized based on method ( ethylene oxide sterilization, gamma sterilization, electron beam sterilization, x-ray irradiation sterilization, steam sterilization and hydrogen peroxide sterilization), type (contract sterilization services and sterilization validation services), mode of delivery (off-site sterilization services and on-site sterilization services), end user (medical device companies, hospitals & clinics, pharmaceutical & biotechnology companies and other end users), and region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa, and the GCC Countries).
Comprehensive information regarding the main drivers, restraints, opportunities, and challenges influencing the sterilization services market's expansion is included in detail in this study. A study of the key players in the sterilization services market has been done to provide insights into their business overview, service offered, strategies, acquisitions, expansions, and other deals made relevant to the market. This study is done for the competitive landscape of the emerging sterilization services startups.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall sterilization services market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, challenges, opportunities, and restaints.
The report provides insights on the following pointers:
“The gamma sterilization segment is projected to witness highest growth rate in the sterilization services market, by method, during the forecast period”
Based on method, the global sterilization services market is segmented into ethylene oxide sterilization, gamma sterilization, e-beam sterilization, x-ray sterilization, steam sterilization, hydrogen peroxide sterilization and other methods. . Gamma sterilization is ideal for high-throughput environments and packaged goods, effectively sterilizing items such as syringes, surgical gloves, and packaging components without altering the product, contributes to their extensive usage and market demand during the forecast period. Gamma sterilization has observed increasing demand from pharmaceutical, medical and packaging sctors due to bulk item sterilization and minimal residuals.
“The contract sterilization services segment is projected to witness the highest growth rate in the sterilization services market, by type, during the forecast period.”
Based on type, the sterilization services marketis segmented contract sterilization services and sterilization validation services. Contract sterilization services include off-site and on-site services for sterilizing several products and medical devices. These services are considered a good choice for most products, especially medical devices, owing to their suitability for large and small companies. These factors are contributing to growth of this segment. The growing preference of contract sterilization by medical device company is driven by focus on reducing surgical site infection.
“The off-site sterilization service segment is projected to witness the highest growth rate in the sterilization services market, in 2023, by mode of delivery”
Based on shape, the sterilization services market is segmented into off-site sterilization service and on-site sterilization service. Off-site sterilization/contract sterilization allows for higher output with less financial risk while ensuring the efficiency & quality of the product. Off-site sterilization services allow healthcare facilities, especially hospitals and ambulatory care facilities, to focus more on their core competencies, such as R&D and other healthcare provisions. Which is contributing to their extensive adoption and market demand during the forecast period.
“The medical device companies segment is projected to witness the highest growth rate in the sterilization services market in 2023, by end user”.
Based on end user, the sterilization services market is segmented into medical device companies, hospitals & clinics, pharmaceutical & biotechnology companies and other end users. The expansion of healthcare facilities, particularly in emerging markets, has led to an increase in number of medical device companies, driving demand for sterilization services among these end users during the forecasted period. Medical device companies recommend sterilization for products such as endoscopes, laproscopes, arthroscopes, mouth pieces and spirometry tubing.
“The Asia Pacific region is projected to witness highest growth rate in the sterilization services market during the forecast period”
The global sterilization services market is segmented into six regions - North America, Europe, Asia Pacific, the Middle East & Africa, Latin America, and the GCC Countries. Over the span of the forecast period, the sterilization services market is expected to grow at the fastest rate in the Asia Pacific region. Over the projected period, the Asia Pacific market is expected to develop at the greatest rate due to factors such government initiatives to raise awareness about infection control and the growing number of hospitals and clinics in China and India.
The primary interviews conducted for this report can be categorized as follows:
- By Company Type: Tier 1 - 42%, Tier 2 - 30%, and Tier 3 - 28%
- By Designation: C-level - 46%, Director-level - 23%, and Others - 31%
- By Region: North America – 23%, Europe – 44%, Asia Pacific – 28%, Latin America – 3%, Middle East & Africa – 1%, and the GCC Countries – 1%
STERIS plc (Ireland), Sotera Health (US), Servizi Italia S.p.A (Italy), E-BEAM Services, Inc. (US), BGS Beta-Gamma-Service GmbH & co. KG (Germany), Medistri SA (Switzerland), H.W.Andersen Products Ltd. (UK), Cretex Companies (US),Life Science Outsourcing, Inc. (US), Microtrol Sterilisation Services Pvt Ltd. (India), Avantti Medi Clear (Mexico), SteriPack Group (Ireland), Europlaz (UK), Prince Sterilization Services, LLC (US), Steripure (France), SteriTek Inc. (US), Centerpiece (US), Sterilization Services (US), NextBeam (US), Meridian Medical (UK), C.G. Laboratories, Inc. (US), Pro-Tech Design and Manufacturing Inc. (US), ClorDiSys Solutions Inc. (US), Blue Line Sterilization Services, LLC (US) and Midwest Sterilization Corporation (US).
Research Coverage:
In this report, the sterilization services market has been categorized based on method ( ethylene oxide sterilization, gamma sterilization, electron beam sterilization, x-ray irradiation sterilization, steam sterilization and hydrogen peroxide sterilization), type (contract sterilization services and sterilization validation services), mode of delivery (off-site sterilization services and on-site sterilization services), end user (medical device companies, hospitals & clinics, pharmaceutical & biotechnology companies and other end users), and region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa, and the GCC Countries).
Comprehensive information regarding the main drivers, restraints, opportunities, and challenges influencing the sterilization services market's expansion is included in detail in this study. A study of the key players in the sterilization services market has been done to provide insights into their business overview, service offered, strategies, acquisitions, expansions, and other deals made relevant to the market. This study is done for the competitive landscape of the emerging sterilization services startups.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall sterilization services market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, challenges, opportunities, and restaints.
The report provides insights on the following pointers:
- Analysis of key drivers: (Growing prevalence of hospital-acquired infections, increasing number of surgical pocedures, growing focus o food sterilization due to foodborne diseases and rising trend of outsourcing sterilization services to third party vendors), opportunities (Potential of E-beam sterilization and growth potential of healthcare industry in emerging economies), and trends (Advancement of hydrogen peroxide sterilization service) influencing the growth of the in sterilization services market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the sterilization services market across varied regions.
- Market Diversification: Exhaustive information about untapped geographies, and investments in the sterilization services market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like STERIS plc (Ireland), Sotera Health (US) and Servizi Italia S.p.A (Italy) are among others, in the sterilization services market strategies.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the sterilization services market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS & EXCLUSIONS
1.4 MARKET SCOPE
1.4.1 MARKETS COVERED
1.4.2 YEARS CONSIDERED
1.4.3 CURRENCY CONSIDERED
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary sources
2.1.2.2 Key industry insights
2.1.2.3 Key data from primary sources
2.1.2.4 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach 1: Company revenue estimation approach
2.2.1.2 Approach 2: Presentations of companies and primary interviews
2.2.1.3 Approach 3: Primary interviews
2.2.1.4 Growth forecast
2.2.1.5 CAGR projections
2.2.2 TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN & DATA TRIANGULATION
2.4 MARKET SHARE
2.5 STUDY ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 STERILIZATION SERVICES MARKET OVERVIEW
4.2 STERILIZATION SERVICES MARKET, BY METHOD, 2024 VS. 2029 (USD MILLION)
4.3 NORTH AMERICA: STERILIZATION SERVICES MARKET, BY METHOD
AND COUNTRY (2023)
4.4 GEOGRAPHIC GROWTH OPPORTUNITIES
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growing prevalence of hospital-acquired infections (HAIs)
5.2.1.2 Increasing number of surgical procedures
5.2.1.3 Growing focus on food sterilization due to foodborne diseases
5.2.1.4 Rising trend of outsourcing sterilization services to
third-party vendors
5.2.2 RESTRAINTS
5.2.2.1 Concerns associated with safety of reprocessed instruments
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing expansion of pharmaceutical & medical device companies in emerging markets
5.2.3.2 Potential of E-beam sterilization
5.2.3.3 Reintroduction of ethylene oxide sterilization
5.2.3.4 Growth potential of healthcare industry in emerging economies
5.2.4 CHALLENGES
5.2.4.1 Sterilization of advanced medical instruments
5.2.4.2 Non-compliance with sterilization guidelines
5.3 PORTER’S FIVE FORCES ANALYSIS
5.3.1 DEGREE OF COMPETITION
5.3.2 BARGAINING POWER OF SUPPLIERS
5.3.3 BARGAINING POWER OF BUYERS
5.3.4 THREAT OF SUBSTITUTES
5.3.5 THREAT OF NEW ENTRANTS
5.4 ECOSYSTEM ANALYSIS
5.4.1 ROLE IN ECOSYSTEM
5.5 KEY STAKEHOLDERS AND BUYING CRITERIA
5.5.1 KEY STAKEHOLDERS ON BUYING PROCESS
5.5.2 KEY BUYING CRITERIA
5.6 REGULATORY ANALYSIS
5.6.1 REGULATORY LANDSCAPE
5.6.1.1 North America
5.6.1.1.1 US
5.6.1.1.2 Canada
5.6.1.2 Europe
5.6.1.3 Asia Pacific
5.6.1.3.1 South Korea
5.6.1.3.2 Australia
5.6.1.4 Latin America
5.6.1.4.1 Brazil
5.6.2 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.7 TECHNOLOGY ANALYSIS
5.7.1 KEY TECHNOLOGIES
5.7.1.1 Ethylene oxide (ETO) sterilization
5.7.2 ADJACENT TECHNOLOGIES
5.7.2.1 Plasma sterilization
5.8 KEY CONFERENCES & EVENTS, 2024?2025
5.9 VALUE CHAIN ANALYSIS
5.10 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.10.1 REVENUE SHIFT FOR STERILIZATION SERVICE PROVIDERS
5.11 INVESTMENT & FUNDING SCENARIO
5.12 IMPACT OF GENERATIVE AI ON STERILIZATION SERVICES MARKET
6 STERILIZATION SERVICES MARKET, BY METHOD
6.1 INTRODUCTION
6.2 HYDROGEN PEROXIDE STERILIZATION
6.2.1 REGULATORY APPROVAL FOR VHP TESTING OF HEALTHCARE EQUIPMENT
TO PROPEL MARKET
6.3 ELECTRON-BEAM RADIATION STERILIZATION
6.3.1 RAPID PROCESSING AND HIGH PRECISION CAPABILITIES TO BOOST DEMAND
6.4 GAMMA STERILIZATION
6.4.1 ABILITY TO STERILIZE BULK PACKAGING MATERIALS WITH MINIMAL RESIDUAL TO DRIVE MARKET
6.5 ETHYLENE OXIDE (ETO) STERILIZATION
6.5.1 BROAD APPLICATIONS OF ETO AND HIGH PENETRATIVE CAPABILITIES
TO PROPEL MARKET
6.6 X-RAY IRRADIATION
6.6.1 NON-RADIOACTIVE PROPERTIES AND ADAPTABILITY TO COMPLEX CONFIGURATIONS TO SUPPORT MARKET GROWTH
6.7 STEAM STERILIZATION
6.7.1 RISING PREFERENCE IN FOOD & MEDICAL INDUSTRIES TO FUEL UPTAKE
6.8 OTHER STERILIZATION METHODS
7 STERILIZATION SERVICES MARKET, BY TYPE
7.1 INTRODUCTION
7.2 CONTRACT STERILIZATION SERVICES
7.2.1 RISING OUTSOURCING OF STERILIZATION PROCESSES TO THIRD-PARTY PROVIDERS FOR COST EFFICIENCY TO DRIVE MARKET
7.3 STERILIZATION VALIDATION SERVICES
7.3.1 RISING REGULATORY COMPLIANCE REQUIREMENTS TO SUPPORT
MARKET GROWTH
8 STERILIZATION SERVICES MARKET, BY MODE OF DELIVERY
8.1 INTRODUCTION
8.2 OFF-SITE STERILIZATION SERVICES
8.2.1 TREND OF OUTSOURCING STERILIZATION SERVICES DUE
TO HIGHER OUTPUTS TO PROPEL MARKET
8.3 ON-SITE STERILIZATION SERVICES
8.3.1 LOW OPERATIONAL COSTS AND LESSER TURNAROUND TIME
TO BOOST DEMAND
9 STERILIZATION SERVICES MARKET, BY END USER
9.1 INTRODUCTION
9.2 MEDICAL DEVICE COMPANIES
9.2.1 HIGH UPTAKE OF ETO AND E-BEAM STERILIZATION METHODS FOR ENDOSCOPES AND LAPAROSCOPES TO DRIVE MARKET
9.3 HOSPITALS & CLINICS
9.3.1 HIGH INCIDENCE OF HAIS TO BOOST DEMAND
9.4 PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES
9.4.1 GROWING NEED FOR PRODUCT SAFETY TO FUEL UPTAKE
9.5 OTHER END USERS
10 STERILIZATION SERVICES MARKET, BY REGION
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA
10.2.2 US
10.2.2.1 Stringent regulatory guidelines for sterilized medical devices
to propel market
10.2.3 CANADA
10.2.3.1 Growing number of surgical procedures and rising incidence
of HAIs to drive market
10.3 EUROPE
10.3.1 MACROECONOMIC OUTLOOK FOR EUROPE
10.3.2 GERMANY
10.3.2.1 Rising demand for precision medical instruments to drive market
10.3.3 UK
10.3.3.1 Rising incidence of HAIs and STIs to fuel uptake
10.3.4 FRANCE
10.3.4.1 Supportive government initiatives for surgical equipment manufacturers to drive market
10.3.5 ITALY
10.3.5.1 Adoption of gamma sterilization methods in biotechnology industry to drive market
10.3.6 SPAIN
10.3.6.1 Growing awareness of HAIs to boost demand
10.3.7 SWITZERLAND
10.3.7.1 Implementation of inspection machines by pharmaceutical companies to boost demand
10.3.8 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
10.4.2 CHINA
10.4.2.1 Rising incidence of infectious diseases to boost demand
10.4.3 JAPAN
10.4.3.1 Increasing prevalence of antimicrobial-resistant infections
to boost demand
10.4.4 INDIA
10.4.4.1 Growth in medical devices & pharmaceutical industry to
propel market
10.4.5 AUSTRALIA
10.4.5.1 Growing demand for sterile medical devices to fuel uptake
10.4.6 SOUTH KOREA
10.4.6.1 Rising number of cosmetic surgeries to support market growth
10.4.7 REST OF ASIA PACIFIC
10.5 LATIN AMERICA
10.5.1 MACROECONOMIC OUTLOOK FOR LATIN AMERICA
10.5.2 BRAZIL
10.5.2.1 High rate of nosocomial infections to drive market
10.5.3 MEXICO
10.5.3.1 Expansion of leading pharmaceutical companies in the country to drive market
10.5.4 REST OF LATIN AMERICA
10.6 MIDDLE EAST & AFRICA
10.6.1 IMPROVEMENTS IN HEALTHCARE INFRASTRUCTURE TO DRIVE MARKET
10.6.2 MACROECONOMIC OUTLOOK FOR MIDDLE EAST & AFRICA
10.7 GCC COUNTRIES
10.7.1 MACROECONOMIC OUTLOOK FOR GCC COUNTRIES
10.7.2 KINGDOM OF SAUDI ARABIA
10.7.2.1 Increasing expenditure on healthcare infrastructure to fuel uptake
10.7.3 UAE
10.7.3.1 Hub for medical-grade logistics to boost demand
10.7.4 OTHER GCC COUNTRIES
11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION
11.2 KEY PLAYER STRATEGY/RIGHT TO WIN
11.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN STERILIZATION SERVICES MARKET
11.3 REVENUE ANALYSIS
11.4 MARKET SHARE ANALYSIS
11.4.1 RANKING OF KEY MARKET PLAYERS
11.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
11.5.1 STARS
11.5.2 EMERGING LEADERS
11.5.3 PERVASIVE PLAYERS
11.5.4 PARTICIPANTS
11.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
11.5.5.1 Company footprint
11.5.5.2 Method footprint
11.5.5.3 Mode of delivery footprint
11.5.5.4 Type footprint
11.5.5.5 Region footprint
11.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
11.6.1 PROGRESSIVE COMPANIES
11.6.2 RESPONSIVE COMPANIES
11.6.3 DYNAMIC COMPANIES
11.6.4 STARTING BLOCKS
11.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
11.7 VALUATION & FINANCIAL METRICS
11.7.1 FINANCIAL METRICS
11.7.2 COMPANY VALUATION
11.8 BRAND/PRODUCT COMPARISON
11.9 COMPETITIVE SCENARIO
11.9.1 DEALS
11.9.2 EXPANSIONS
12 COMPANY PROFILES
12.1 KEY PLAYERS
12.1.1 STERIS PLC
12.1.1.1 Business overview
12.1.1.2 Services offered
12.1.1.3 Recent developments
12.1.1.3.1 Deals
12.1.1.3.2 Expansions
12.1.1.4 MnM view
12.1.1.4.1 Key strengths
12.1.1.4.2 Strategic choices
12.1.1.4.3 Weaknesses & competitive threats
12.1.2 SOTERA HEALTH
12.1.2.1 Business overview
12.1.2.2 Services offered
12.1.2.3 Recent developments
12.1.2.3.1 Expansions
12.1.2.4 MnM view
12.1.2.4.1 Key strengths
12.1.2.4.2 Strategic choices
12.1.2.4.3 Weaknesses & competitive threats
12.1.3 SERVIZI ITALIA S.P.A
12.1.3.1 Business overview
12.1.3.2 Services offered
12.1.3.3 Recent developments
12.1.3.3.1 Deals
12.1.3.3.2 Expansions
12.1.3.4 MnM view
12.1.3.4.1 Key strengths
12.1.3.4.2 Strategic choices
12.1.3.4.3 Weaknesses & competitive threats
12.1.4 E-BEAM SERVICES, INC.
12.1.4.1 Business overview
12.1.4.2 Services offered
12.1.5 BGS BETA-GAMMA-SERVICE GMBH & CO.KG
12.1.5.1 Business overview
12.1.5.2 Services offered
12.1.6 MEDISTRI SA
12.1.6.1 Business overview
12.1.6.2 Services offered
12.1.7 H.W. ANDERSEN PRODUCTS LTD.
12.1.7.1 Business overview
12.1.7.2 Services offered
12.1.8 CRETEX COMPANIES
12.1.8.1 Business overview
12.1.8.2 Services offered
12.1.9 LIFE SCIENCE OUTSOURCING, INC.
12.1.9.1 Business overview
12.1.9.2 Services offered
12.1.10 MICROTROL STERILISATION SERVICES PVT. LTD.
12.1.10.1 Business overview
12.1.10.2 Services offered
12.2 OTHER PLAYERS
12.2.1 AVANTTI MEDI CLEAR
12.2.2 STERIPURE
12.2.3 EUROPLAZ
12.2.4 CENTERPIECE
12.2.5 MIDWEST STERILIZATION CORPORATION
12.2.6 BLUE LINE STERILIZATION SERVICES, LLC
12.2.7 STERIPACK GROUP
12.2.8 STERITEK INC.
12.2.9 STERILIZATION SERVICES
12.2.10 NEXTBEAM
12.2.11 MERIDIAN MEDICAL
12.2.12 PRINCE STERILIZATION SERVICES, LLC
12.2.13 C.G. LABORATORIES, INC.
12.2.14 PRO-TECH DESIGN AND MANUFACTURING INC.
12.2.15 CLORDISYS SOLUTIONS INC.
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 CUSTOMIZATION OPTIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS & EXCLUSIONS
1.4 MARKET SCOPE
1.4.1 MARKETS COVERED
1.4.2 YEARS CONSIDERED
1.4.3 CURRENCY CONSIDERED
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary sources
2.1.2.2 Key industry insights
2.1.2.3 Key data from primary sources
2.1.2.4 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach 1: Company revenue estimation approach
2.2.1.2 Approach 2: Presentations of companies and primary interviews
2.2.1.3 Approach 3: Primary interviews
2.2.1.4 Growth forecast
2.2.1.5 CAGR projections
2.2.2 TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN & DATA TRIANGULATION
2.4 MARKET SHARE
2.5 STUDY ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 STERILIZATION SERVICES MARKET OVERVIEW
4.2 STERILIZATION SERVICES MARKET, BY METHOD, 2024 VS. 2029 (USD MILLION)
4.3 NORTH AMERICA: STERILIZATION SERVICES MARKET, BY METHOD
AND COUNTRY (2023)
4.4 GEOGRAPHIC GROWTH OPPORTUNITIES
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growing prevalence of hospital-acquired infections (HAIs)
5.2.1.2 Increasing number of surgical procedures
5.2.1.3 Growing focus on food sterilization due to foodborne diseases
5.2.1.4 Rising trend of outsourcing sterilization services to
third-party vendors
5.2.2 RESTRAINTS
5.2.2.1 Concerns associated with safety of reprocessed instruments
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing expansion of pharmaceutical & medical device companies in emerging markets
5.2.3.2 Potential of E-beam sterilization
5.2.3.3 Reintroduction of ethylene oxide sterilization
5.2.3.4 Growth potential of healthcare industry in emerging economies
5.2.4 CHALLENGES
5.2.4.1 Sterilization of advanced medical instruments
5.2.4.2 Non-compliance with sterilization guidelines
5.3 PORTER’S FIVE FORCES ANALYSIS
5.3.1 DEGREE OF COMPETITION
5.3.2 BARGAINING POWER OF SUPPLIERS
5.3.3 BARGAINING POWER OF BUYERS
5.3.4 THREAT OF SUBSTITUTES
5.3.5 THREAT OF NEW ENTRANTS
5.4 ECOSYSTEM ANALYSIS
5.4.1 ROLE IN ECOSYSTEM
5.5 KEY STAKEHOLDERS AND BUYING CRITERIA
5.5.1 KEY STAKEHOLDERS ON BUYING PROCESS
5.5.2 KEY BUYING CRITERIA
5.6 REGULATORY ANALYSIS
5.6.1 REGULATORY LANDSCAPE
5.6.1.1 North America
5.6.1.1.1 US
5.6.1.1.2 Canada
5.6.1.2 Europe
5.6.1.3 Asia Pacific
5.6.1.3.1 South Korea
5.6.1.3.2 Australia
5.6.1.4 Latin America
5.6.1.4.1 Brazil
5.6.2 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.7 TECHNOLOGY ANALYSIS
5.7.1 KEY TECHNOLOGIES
5.7.1.1 Ethylene oxide (ETO) sterilization
5.7.2 ADJACENT TECHNOLOGIES
5.7.2.1 Plasma sterilization
5.8 KEY CONFERENCES & EVENTS, 2024?2025
5.9 VALUE CHAIN ANALYSIS
5.10 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.10.1 REVENUE SHIFT FOR STERILIZATION SERVICE PROVIDERS
5.11 INVESTMENT & FUNDING SCENARIO
5.12 IMPACT OF GENERATIVE AI ON STERILIZATION SERVICES MARKET
6 STERILIZATION SERVICES MARKET, BY METHOD
6.1 INTRODUCTION
6.2 HYDROGEN PEROXIDE STERILIZATION
6.2.1 REGULATORY APPROVAL FOR VHP TESTING OF HEALTHCARE EQUIPMENT
TO PROPEL MARKET
6.3 ELECTRON-BEAM RADIATION STERILIZATION
6.3.1 RAPID PROCESSING AND HIGH PRECISION CAPABILITIES TO BOOST DEMAND
6.4 GAMMA STERILIZATION
6.4.1 ABILITY TO STERILIZE BULK PACKAGING MATERIALS WITH MINIMAL RESIDUAL TO DRIVE MARKET
6.5 ETHYLENE OXIDE (ETO) STERILIZATION
6.5.1 BROAD APPLICATIONS OF ETO AND HIGH PENETRATIVE CAPABILITIES
TO PROPEL MARKET
6.6 X-RAY IRRADIATION
6.6.1 NON-RADIOACTIVE PROPERTIES AND ADAPTABILITY TO COMPLEX CONFIGURATIONS TO SUPPORT MARKET GROWTH
6.7 STEAM STERILIZATION
6.7.1 RISING PREFERENCE IN FOOD & MEDICAL INDUSTRIES TO FUEL UPTAKE
6.8 OTHER STERILIZATION METHODS
7 STERILIZATION SERVICES MARKET, BY TYPE
7.1 INTRODUCTION
7.2 CONTRACT STERILIZATION SERVICES
7.2.1 RISING OUTSOURCING OF STERILIZATION PROCESSES TO THIRD-PARTY PROVIDERS FOR COST EFFICIENCY TO DRIVE MARKET
7.3 STERILIZATION VALIDATION SERVICES
7.3.1 RISING REGULATORY COMPLIANCE REQUIREMENTS TO SUPPORT
MARKET GROWTH
8 STERILIZATION SERVICES MARKET, BY MODE OF DELIVERY
8.1 INTRODUCTION
8.2 OFF-SITE STERILIZATION SERVICES
8.2.1 TREND OF OUTSOURCING STERILIZATION SERVICES DUE
TO HIGHER OUTPUTS TO PROPEL MARKET
8.3 ON-SITE STERILIZATION SERVICES
8.3.1 LOW OPERATIONAL COSTS AND LESSER TURNAROUND TIME
TO BOOST DEMAND
9 STERILIZATION SERVICES MARKET, BY END USER
9.1 INTRODUCTION
9.2 MEDICAL DEVICE COMPANIES
9.2.1 HIGH UPTAKE OF ETO AND E-BEAM STERILIZATION METHODS FOR ENDOSCOPES AND LAPAROSCOPES TO DRIVE MARKET
9.3 HOSPITALS & CLINICS
9.3.1 HIGH INCIDENCE OF HAIS TO BOOST DEMAND
9.4 PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES
9.4.1 GROWING NEED FOR PRODUCT SAFETY TO FUEL UPTAKE
9.5 OTHER END USERS
10 STERILIZATION SERVICES MARKET, BY REGION
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA
10.2.2 US
10.2.2.1 Stringent regulatory guidelines for sterilized medical devices
to propel market
10.2.3 CANADA
10.2.3.1 Growing number of surgical procedures and rising incidence
of HAIs to drive market
10.3 EUROPE
10.3.1 MACROECONOMIC OUTLOOK FOR EUROPE
10.3.2 GERMANY
10.3.2.1 Rising demand for precision medical instruments to drive market
10.3.3 UK
10.3.3.1 Rising incidence of HAIs and STIs to fuel uptake
10.3.4 FRANCE
10.3.4.1 Supportive government initiatives for surgical equipment manufacturers to drive market
10.3.5 ITALY
10.3.5.1 Adoption of gamma sterilization methods in biotechnology industry to drive market
10.3.6 SPAIN
10.3.6.1 Growing awareness of HAIs to boost demand
10.3.7 SWITZERLAND
10.3.7.1 Implementation of inspection machines by pharmaceutical companies to boost demand
10.3.8 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
10.4.2 CHINA
10.4.2.1 Rising incidence of infectious diseases to boost demand
10.4.3 JAPAN
10.4.3.1 Increasing prevalence of antimicrobial-resistant infections
to boost demand
10.4.4 INDIA
10.4.4.1 Growth in medical devices & pharmaceutical industry to
propel market
10.4.5 AUSTRALIA
10.4.5.1 Growing demand for sterile medical devices to fuel uptake
10.4.6 SOUTH KOREA
10.4.6.1 Rising number of cosmetic surgeries to support market growth
10.4.7 REST OF ASIA PACIFIC
10.5 LATIN AMERICA
10.5.1 MACROECONOMIC OUTLOOK FOR LATIN AMERICA
10.5.2 BRAZIL
10.5.2.1 High rate of nosocomial infections to drive market
10.5.3 MEXICO
10.5.3.1 Expansion of leading pharmaceutical companies in the country to drive market
10.5.4 REST OF LATIN AMERICA
10.6 MIDDLE EAST & AFRICA
10.6.1 IMPROVEMENTS IN HEALTHCARE INFRASTRUCTURE TO DRIVE MARKET
10.6.2 MACROECONOMIC OUTLOOK FOR MIDDLE EAST & AFRICA
10.7 GCC COUNTRIES
10.7.1 MACROECONOMIC OUTLOOK FOR GCC COUNTRIES
10.7.2 KINGDOM OF SAUDI ARABIA
10.7.2.1 Increasing expenditure on healthcare infrastructure to fuel uptake
10.7.3 UAE
10.7.3.1 Hub for medical-grade logistics to boost demand
10.7.4 OTHER GCC COUNTRIES
11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION
11.2 KEY PLAYER STRATEGY/RIGHT TO WIN
11.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN STERILIZATION SERVICES MARKET
11.3 REVENUE ANALYSIS
11.4 MARKET SHARE ANALYSIS
11.4.1 RANKING OF KEY MARKET PLAYERS
11.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
11.5.1 STARS
11.5.2 EMERGING LEADERS
11.5.3 PERVASIVE PLAYERS
11.5.4 PARTICIPANTS
11.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
11.5.5.1 Company footprint
11.5.5.2 Method footprint
11.5.5.3 Mode of delivery footprint
11.5.5.4 Type footprint
11.5.5.5 Region footprint
11.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
11.6.1 PROGRESSIVE COMPANIES
11.6.2 RESPONSIVE COMPANIES
11.6.3 DYNAMIC COMPANIES
11.6.4 STARTING BLOCKS
11.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
11.7 VALUATION & FINANCIAL METRICS
11.7.1 FINANCIAL METRICS
11.7.2 COMPANY VALUATION
11.8 BRAND/PRODUCT COMPARISON
11.9 COMPETITIVE SCENARIO
11.9.1 DEALS
11.9.2 EXPANSIONS
12 COMPANY PROFILES
12.1 KEY PLAYERS
12.1.1 STERIS PLC
12.1.1.1 Business overview
12.1.1.2 Services offered
12.1.1.3 Recent developments
12.1.1.3.1 Deals
12.1.1.3.2 Expansions
12.1.1.4 MnM view
12.1.1.4.1 Key strengths
12.1.1.4.2 Strategic choices
12.1.1.4.3 Weaknesses & competitive threats
12.1.2 SOTERA HEALTH
12.1.2.1 Business overview
12.1.2.2 Services offered
12.1.2.3 Recent developments
12.1.2.3.1 Expansions
12.1.2.4 MnM view
12.1.2.4.1 Key strengths
12.1.2.4.2 Strategic choices
12.1.2.4.3 Weaknesses & competitive threats
12.1.3 SERVIZI ITALIA S.P.A
12.1.3.1 Business overview
12.1.3.2 Services offered
12.1.3.3 Recent developments
12.1.3.3.1 Deals
12.1.3.3.2 Expansions
12.1.3.4 MnM view
12.1.3.4.1 Key strengths
12.1.3.4.2 Strategic choices
12.1.3.4.3 Weaknesses & competitive threats
12.1.4 E-BEAM SERVICES, INC.
12.1.4.1 Business overview
12.1.4.2 Services offered
12.1.5 BGS BETA-GAMMA-SERVICE GMBH & CO.KG
12.1.5.1 Business overview
12.1.5.2 Services offered
12.1.6 MEDISTRI SA
12.1.6.1 Business overview
12.1.6.2 Services offered
12.1.7 H.W. ANDERSEN PRODUCTS LTD.
12.1.7.1 Business overview
12.1.7.2 Services offered
12.1.8 CRETEX COMPANIES
12.1.8.1 Business overview
12.1.8.2 Services offered
12.1.9 LIFE SCIENCE OUTSOURCING, INC.
12.1.9.1 Business overview
12.1.9.2 Services offered
12.1.10 MICROTROL STERILISATION SERVICES PVT. LTD.
12.1.10.1 Business overview
12.1.10.2 Services offered
12.2 OTHER PLAYERS
12.2.1 AVANTTI MEDI CLEAR
12.2.2 STERIPURE
12.2.3 EUROPLAZ
12.2.4 CENTERPIECE
12.2.5 MIDWEST STERILIZATION CORPORATION
12.2.6 BLUE LINE STERILIZATION SERVICES, LLC
12.2.7 STERIPACK GROUP
12.2.8 STERITEK INC.
12.2.9 STERILIZATION SERVICES
12.2.10 NEXTBEAM
12.2.11 MERIDIAN MEDICAL
12.2.12 PRINCE STERILIZATION SERVICES, LLC
12.2.13 C.G. LABORATORIES, INC.
12.2.14 PRO-TECH DESIGN AND MANUFACTURING INC.
12.2.15 CLORDISYS SOLUTIONS INC.
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 CUSTOMIZATION OPTIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
