Sterilization Services Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

Description

The global sterilization services market size was valued at $3,44 million in 2021, and is projected to reach $5,384 million by 2028, registering a CAGR of 4.9% from 2022 to 2028 owing to rising focus on outsourcing of sterilization processes among pharmaceutical companies, hospitals, and medical device manufacturers coupled with increasing prevalence of Hospital-Acquired infections drives the growth of the market. Moreover, rising focus on food sterilization and disinfection in food industry and growing number of surgical procedures fuels the growth of the market. However, harmful effects of ethylene oxide hampers the growth of the market over the forecast period. Sterilization services market are widely acknowledged as a means of removing harmful bacteria from the environment. Physical or chemical procedures are employed in sterilisation services to eliminate spores, germs, and viruses. The potential of cross-infection from equipment, patient surfaces and skin, and healthcare employees, as well as contamination of pharmaceutical or other items, has increased significantly in hospitals and other medical facilities. As a result, sterilising services are an excellent way to prevent microbial development. Ethylene oxide (ETO) sterilisation, gamma sterilisation, and e-beam sterilisation are all examples of sterilisation services. The high incidence of hospital-acquired infections, the increasing number of surgical procedures, the growing focus on food sterilisation, and the increasing outsourcing of sterilisation services among pharmaceutical companies, hospitals, and medical device manufacturers are all contributing to the market’s growth.