The Global Terminal Sterilization Services Market revenues were estimated at US$ 9.1 Billion in 2021 and is anticipated to grow at a CAGR of 12.7% from 2022 to 2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 33.5 Billion.
The market is being driven by a high incidence of chronic diseases, an increase in the frequency of Healthcare Acquired Infections (HAIs), and the impact of the COVID-19 epidemic. Heat sterilizers, ethylene oxide, and other sterilizing materials have surged in demand with the onset of COVID-19. The usage of sterilization equipment and services in hospitals, clinics, diagnostic labs, pharmaceutical manufacturing units, and the biopharmaceutical industry has increased significantly as a result of the significant requirement for effective sanitization of equipment and surroundings.
The market has gained pace in recent years as a result of surged awareness about diseases and infections caused by non-sterile settings. In addition, there has been a significant increase in funding for hospital infrastructure, research, and public health adaption to terminal sterility.
Companies can develop a sterilization program using the Association for the Advancement of Medical Instrumentation (AAMI) and ISO criteria without the requirement for a big and time-consuming Sterilization technology department. These voluntary consensus standards have also supplied regulatory agencies such as the FDA with a reference point for determining product sterility.
Competitive Landscape
Some of the key players in the terminal sterilization services market include Johnson And Johnson, DuPont, Steris Plc, Getinge Group, Cantel Medical, Matachana Group, Sterigenics International LLC, and Olympus Corp.
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Market Segments Covered in Terminal Sterilization Services Market Analysis
By Type:
- Ethylene Oxide
- Irradiation
- Moist Heat Terminal sterilization
- Other Types
By End Uses:
- Hospitals & Clinics
- Pharma
- Other End-uses
