This report aims to provide detailed insights into the global Sterilization Services Market. It provides valuable information on the type, procedure, application, and region in the market. Furthermore, the information for these segments, by region, is also presented in this report. Leading players in the market are profiled to study their product offerings and understand the strategies undertaken by them to be competitive in this market.

Expected Revenue Growth:
The global sterilization services market is projected to reach USD 5.5 billion by 2026 from an estimated USD 4.1 billion in 2021, at a CAGR of 6.0% during the forecast period. End users like hospitals and medical device companies are increasingly adopting sterilization services throughout their production lines due to mandates introduced by governments and regulatory bodies in the healthcare industry to maintain compliance with Good Manufacturing Practices (GMP). The introduction of mandates by government and regulatory bodies in the healthcare industry is the primary reason for the market witnessing significant growth.

The growth of the sterilization services market can largely be attributed to factors such as the high incidence of hospital-acquired infections; the increasing number of surgical procedures; the growing focus on food sterilization; and the increasing outsourcing of sterilization services among pharmaceutical companies, hospitals, and medical device manufacturers. In addition, the growing medical device and pharmaceutical companies in emerging economies, increasing use of E-beam sterilization, reintroduction of ethylene oxide sterilization, and the growing healthcare industry and outsourcing of operation to emerging countries are expected to offer high-growth opportunities for market players during the forecast period.

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The ethylene oxide (EtO) sterilization segment is expected to account for the largest share of the sterilization services market in 2020
Based on method, the market has been classified into ethylene oxide (EtO) sterilization, gamma sterilization, electron beam (e-beam) radiation sterilization, steam sterilization, x-ray irradiation, and other sterilization methods. The ethylene oxide (EtO) sterilization segment accounted for the largest share of the sterilization services market in 2020. This segment’s large share can be attributed to its extensive usage in various applications, including medical device sterilization, food testing, pharmaceutical sterilization, and sterilization and disinfection in the life sciences industry.

The contract sterilization services segment is expected to account for the highest CAGR during the forecast period
Based on type, the sterilization services market has been segmented into contract sterilization services and sterilization validation services. The contract sterilization services segment accounted for the highest CAGR of the sterilization services market during the forecast period. This growth can be attributed to the growing preference for contract sterilization by medical device companies and the increasing outsourcing of sterile processing by hospitals to specialized third-party vendors to reduce in-house costs related to sterilization.

The off-site sterilization services segment is expected to account for the largest share of the sterilization services market in 2020
By mode of delivery, the sterilization services market has been segmented into off-site sterilization services and on-site sterilization services. In 2020, the off-site sterilization services segment accounted for a larger share of the sterilization services market. 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 off-site sterilization services are the key factors supporting the segment’s large share.

The medical device companies end-user segment is expected to account for the largest share of the sterilization services market
Based on end user, the sterilization services market has been segmented into hospitals & clinics, medical device companies, pharmaceutical & biotechnology companies, and others (food & beverage industry, cosmetic industry, dietary supplement manufacturers, veterinary industry, and other healthcare providers, such as long-term care facilities and diagnostic & imaging centers). The medical device companies segment accounted for the largest share of the sterilization services market in 2020. Growth in this segment is majorly attributed to the rising prevalence of HAIs, increasing adoption of single-use medical devices, the growing medical device industry, and the rising number of surgical procedures worldwide.

North America is expected to account for the largest share of the sterilization services market in 2020
In 2020, North America accounted for the largest share of the sterilization services market, followed by Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The region's large share can be attributed to the growing demand for and adoption of sterilization services due to the rising focus on healthy lifestyles and disease prevention among consumers. A surge in the geriatric population in the coming years and the subsequent increase in the prevalence of chronic diseases, the need for sterilization services to minimize the prevalence of HAIs, and implementation of favorable government initiatives and stringent regulations for sterilization services are also expected to propel the sterilization services market in the region.

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Key Market Players
The prominent players in this market are STERIS plc (US) Sotera Health Company (US) Stryker Corporation (US) Advanced Sterilization Products (ASP, US) E-BEAM Services, Inc. (US), MMM Group (Germany), Belimed AG (Switzerland), BGS Beta-Gamma-Service GmbH & Co. KG (Germany), Medistri SA (Switzerland), and Noxilizer, Inc. (US).

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