Sterilization Services Market by Method, Type, End User And Region - Global Forecast to 2022

Monday, October 30, 2017 Hospital News
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The global sterilization services market is projected to reach USD 3.31 billion by 2022 at a CAGR of 6.7% during the forecast period. The factors expected to drive the market include increasing focus on outsourcing of sterilization processes among pharmaceutical companies, hospitals, and medical device manufacturers; increasing prevalence of hospital-acquired infections; growth in the number of surgical procedures; and rising focus on food sterilization. However, the harmful effects of ethylene oxide may hinder the growth of the sterilization services market to some extent.

NEW YORK, Oct. 30, 2017 /PRNewswire/ -- Read the full report: https://www.reportlinker.com/p05168430The e-beam sterilization segment is expected to grow at the highest CAGR during the forecast period

On the basis of sterilization methods, the sterilization services market is segmented into ethylene oxide sterilization, gamma sterilization, electron beam sterilization, steam sterilization, and other sterilization methods. The e-beam sterilization segment is expected to register the highest CAGR during the forecast period. Features such as the faster turnaround time, no requirement of any radioactive sourcing or resourcing, and uniform & controlled doses for in e-beam sterilization process are the reasons propelling the growth of this market.The contract sterilization services segment is expected to dominate the sterilization services market in 2016As per the type, the sterilization services market is segmented into contract sterilization services and sterilization validation services. In 2016, the contract sterilization services segment accounted for the largest share of the global sterilization services market. Growth in the number of surgical procedures and the associated increase in the prevalence of HAIs, need to comply with government healthcare guidelines, and augmented regulatory requirements in the medical device and food sterilization markets are the major factors driving the growth of this segment.The offsite sterilization services segment is expected to grow at the highest CAGR during the forecast periodOn the basis of mode of delivery, the sterilization services market is segmented into offsite sterilization services and onsite sterilization services. The offsite sterilization services segment is estimated to grow at the highest CAGR during the forecast period. The limited availability of space in in-house sterile processing departments, better efficiency of contract sterilization process than in-house sterilization, greater output with less financial risk, and the cost reduction benefits offered by offsite sterilization services are the key factors supporting its growth.The medical device companies segment accounted for the largest share of the sterilization services in 2016Based on end user, the global sterilization services market is segmented into medical device companies, hospitals and clinics, pharmaceutical & biotechnology industry, and other end users. In 2016, the medical device companies segment dominated the sterilization services market. Growth in this end user segment is mainly driven by the rising preference for outsourcing of sterilization processes, increasing adoption of single-use medical devices, increasing need for device disinfection, and increasing number of medical device manufacturers in emerging geographies.North America accounted for the largest share of the market in 2016North America accounted for the largest share of the sterilization services market, followed by Europe, Asia Pacific, and the Rest of the World. The large share of the North American market is mainly due to the stringent regulations regarding sterilization of medical devices and other healthcare products coupled with the presence of major sterilization service providers such as Steris (UK) and Sterigenics (US). Increasing hospital-acquired infections in this region, the rising number of surgical procedures, and need for healthcare cost containment is also responsible for the continuous growth of this market in this region.Break of primary participants was as mentioned below:• By Company Type – Tier 1–42%, Tier 2–38% and Tier 3–20%• By Designation – C-level–40%, Director Level–35%, Others–25%• By Region – North America–35%, Europe–30%, Asia Pacific–20%, RoW–15%The major players in the sterilization services market are STERIS (UK), Cantel Medical (US), Cretex Companies (US), E-BEAM Services (US), Medistri (Switzerland), Beta-Gamma-Service (Germany), Sterigenics International (US), COSMED Group (US), Life Science Outsourcing (US), Noxilizer (US), Centurion Medical Products (US), Johnson & Johnson (US), and Stryker (US).Research Coverage:The report analyzes the sterilization services market and aims at estimating the market size and future growth potential of this market based on various segments such as sterilization method, type, mode of delivery, and end user. The report also includes an in-depth regulatory analysis for various regions across the globe and competitive analysis of the key players in this market along with their company profiles, service offerings, recent developments, and key market strategies. This report also provides market information on North America, Europe, Asia Pacific, and Rest of the World.Reasons to Buy the ReportThe report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help garner a greater share. Firms purchasing the report could use one or any combination of the below-mentioned five strategies.This report provides insights on the following pointers:• Market Penetration: Comprehensive information on service portfolios offered by the top players in the sterilization services market. This report analyzes the market by sterilization method, type, mode of delivery, end user, and region• Service Development/Innovation: Detailed insights on the upcoming trends and service launches in the sterilization services market• Market Development: Comprehensive information about the lucrative emerging markets for sterilization services• Market Diversification: Exhaustive information about new services, growing regions, recent developments, and investments in the sterilization services market• Competitive Assessment: In-depth assessment of market shares, growth strategies, services, and technological capabilities of the leading players in the sterilization services marketRead the full report: https://www.reportlinker.com/p05168430 About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. https://www.reportlinker.com  __________________________ Contact Clare: [email protected]  US: (339)-368-6001 Intl: +1 339-368-6001 

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