Global Sterilization Services Market Is Estimated To Witness High Growth Owing To Growing Prevalence Of Hospital-Acquired Infections And Increasing Surgical Procedures

 

Sterilization Services Market

Overview:

Sterilization services are physical or chemical methods that kill spores, microbes and other harmful substances that could infect a patient during medical treatment. In hospitals & other health care facilities, sterilization is vital to prevent pathogen transmission from equipment or the surface & skin of patients, as well as from pharmaceutical drugs & medical instruments. Ethylene oxide (EO) sterilization uses a gas diffusion process to destroy the microbial DNA in a product. Another sterilization technique is radiation - using high-level doses of ionizing radiation to inactivate germs and other unwanted substances on surfaces or in packages. It is an effective sterilization method. The products and packaging must be carefully prepared to avoid contamination of the sterile area. Radiation also requires the use of special equipment and highly trained staff.

Market Dynamics:

Increasing partnerships is estimated to augment growth of the global sterilization services market during the forecast period. For instance, BD India and Raja Ramanna Centre for Advanced Technology (RRCAT), partnered up in October 2022, for sterilization of Venflon Pro by electron beam (e-beam) technology. This facility offers e-beam sterilization services for medical devices. Moreover, rising harmful effects of ethylene oxide are anticipated to restrain growth of the global sterilization services market during the forecast period.

Impact of COVID-19:

The pandemic had a devastating impact on the global economy. All trade activities were affected due to the pandemic. COVID-19 was being transmitted by being in close proximity with in infected person, so social distancing rules were implemented. During the pandemic, sanitization player a very crucial role. Governments across the globe were sanitizing all public areas to avoid any contamination. People became more aware regarding their hygiene. Thus, there was a high demand for sanitizers and sterilization services. This boosted the growth of the global sterilization services market during the pandemic.

Key Takeaways:

 

The global sterilization services market is expected to witness robust growth, exhibiting CAGR 6.0 % over the forecast period, due to rising business expansions by key players. For instance, Sterigenics has decided to expand their electron beam facility in May 2022, in Columbia City, Indiana. This plant provides crucial E-beam sterilization services for pharmaceutical and medical devices.

 

North America is anticipated to witness robust growth in the global sterilization services market during the forecast period, due to rising government funding and growing hospital-acquired infections.

 

Key players active in the global sterilization services market are Sterigenics, LLC, Johnson and Johnson, B. Braun Medical Ltd, Steris Corporation, and Stryker Corporation.