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    Sterilization Services Market Report

    Sterilization Services Market Report
    Report code - SR1625 Delivery - 2 Weeks
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    Sterilization Services Market Size, Share, Trend, Forecast, & Industry Analysis: See more...

    Market Insights

    The Sterilization Services Market is expected to grow from USD 3.9 billion in 2020 to USD 5.4 billion by 2026 at a CAGR of over 5.8% during the forecast period.

    Sterilization Services Market - Research Scope

    Base Year of Study

    2020

    Trend Period

    2015-2019

    Forecast Period

    2021-2026

    Market Size in 2020

    USD 3.9 billion

    Market Size in 2026

    USD 5.4 billion

    Market Growth (2021-2026)

    5.8% CAGR

    Figure: Sterilization Services Market Size, 2020-2026 (USD Billion)

    Sterilization-Services-Market-Forecast

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    What are sterilization services?

    Sterilizing services can be defined as services that are aimed at eliminating unwanted microorganisms in the environment. Some of the commonly used methods for providing sterilization services include ethylene oxide (ETO) sterilization, gamma sterilization, electron beam radiation sterilization, and steam sterilization among others.

    Sterilization-Service-Market-Snapshot

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    Market Drivers

    The growth of the sterilization services market is primarily driven by the increasing adoption of sterilization services in the healthcare industry. Expanding the geriatric populace and increasing surgical procedures is likely to drive the growth of the healthcare industry and thus, the sterilization services market. Additionally, the growing emphasis on the development of advanced sterilization services methods is likely to create lucrative opportunities for the players operating in the global market in the coming years.

    COVID-19 Impact on Sterilization Services Market

    The covid-19 outbreak posed significant challenges for the healthcare sector across geographies. It impacted the growth of the sterilization services market positively as the need for sterilization services increased significantly to prevent the spread of infection.

    Segments' Analysis

    End-User Trends

    Based on end-users, the market has been segmented into medical devices, pharmaceutical & biotechnology, hospitals & clinics, and others. The hospitals & clinics segment accounted for the largest market share in 2020 and is projected to register significant CAGR during the review period. The segment growth can be attributed to increasing healthcare spending across the geographies.

    Regional Trends

    Geographically, the market in North America accounted for the largest market share in 2020 and is expected to register significant CAGR during the review period. The market growth can be attributed to the established presence of the healthcare industry coupled with the presence of key market players such as Steris Corporation (US) and Cantel Medical Corporation (US). The market in Asia-Pacific is expected to be driven by the increasing growth of the healthcare industry in developing countries, particularly China and India.

    Sterilization-Service-Market-by-Region

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    Critical Questions Answered in the Report

    This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Sterilization Services market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026. Following are the critical questions answered in the report-

    • What are the key trends in the Sterilization Services market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the Sterilization Services market?
    • What are the key strategies adopted by the major vendors to lead in the Sterilization Services market?
    • What is the market share of the top vendors?

    Key Players

    Key players operating in the Sterilization Services Market are-

    • Steris Corporation (US)
    • Cantel Medical Corporation (US)
    • Cretex Companies, Inc. (US)
    • E-BEAM Services, Inc. (US)
    • Medistri SA (Switzerland)
    • Sterigenics (US)
    • Cosmed Group (US)
    • Life Science Outsourcing, Inc. (US)
    • Noxilizer Inc. (US)
    • Sterilmed (US)
    • Stryker Corporation (US).

    Target Audience

    Here is the list of the group of customers that the sterilization services market hopes to have the greatest opportunity to convert-

    • Sterilization services manufacturers
    • Sterilization services suppliers
    • Sterilization services distributors
    • Organizations
    • Government bodies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The sterilization services market is expected to witness an impressive growth of 5.8% CAGR in the coming years.

    Steris Corporation (US), Cantel Medical Corporation (US), Cretex Companies, Inc. (US), E-BEAM Services, Inc. (US), Medistri SA (Switzerland), Sterigenics (US), Cosmed Group (US), Life Science Outsourcing, Inc. (US), Noxilizer Inc. (US), Sterilmed (US) and Stryker Corporation (US) are among the key players in the sterilization services market.

    The sterilization services market size is expected to reach USD 5.4 billion in the foreseeable future.

    The hospitals & clinics segment is expected to register significant CAGR in the sterilization services market in the next five years.

    North America accounted for the largest share in the sterilization services market in 2020.

    Sterilization services manufacturers, Sterilization services suppliers, Sterilization services distributors, Organizations, Government bodies are the target audience in the sterilization services market.

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