Sterilization Services Market Segmented By Method (Steam, Ethylene Oxide, Gamma, E-beam), Type (Contract Sterilization Services, Validation Services), End User (Hospitals And Clinics, Food And Beverage, Pharmaceuticals), By Region – Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018–2023).
Sterilization Services Market size was around USD 5.56 billion in 2018. It is expected to grow at a CAGR of 9.0% to reach USD 8.55 billion by 2023.
Factors such as the increasing incidence of HAIs, rising range of surgical procedures because of the fast-growing geriatric population, and rising prevalence of chronic disorders across the world are driving the market growth. Additionally, the increasing outsourcing of sterilization processes by medical device manufacturers and outsourcing of hospitals sterile departments to cut back health care prices are further increasing the demand for sterilized services.
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The Sterilization Services market is segmented based on Method, by Type and by End User. By type the market is categorized into Steam, Ethylene Oxide, Gamma, E-beam. The biggest share of sterilization services market in 2016 is contributed by Ethylene Oxide. The Ethylene Oxide sterilization segment will still dominate the sterilization services market, primarily due to the vast range of Ethylene Oxide sterilization service suppliers across the world and numerous advantages offered by this method like wide material compatibility, simple penetration into narrow lumen, and large sterilizing volume/chamber capacity.
The market is divided into contract sterilization services and sterilization validation services depending on the type of the sterilization services. The biggest share of the sterilization services market in 2016 is commandeered by contract sterilization services. The massive share of this classification is attributed to the growing preference for contract sterilization services by medical device firms and increasing outsourcing by sterile processing departments (SPDs)/central sterile supply departments (CSSDs) in hospitals to specialised third-party vendors so as to cut back in-house prices involving sterilization. The sterilization services market is categorized into medical device companies, hospitals and clinics, pharmaceutical & biotechnology industry, and other end users depending on End User. In 2016, the biggest share of the sterilization services market is contributed by medical device category. Factors like the increasing number of medical device companies in growing countries, rising need to guarantee sterility, and increasing use of single-use products are driving the growth in this segment.
By geography, the Sterilization Services market is segmented into Latin America, Asia Pacific, Europe, North America, and Middle East and Africa. North America dominated the Sterilization Services market in 2016 followed by Europe, due to factors such as rise in the count of number of surgical procedures, growing need for sterilization and equipment in Health care infrastructure and outsourcing of products.
Key players in the market include:-
STERIS Corporation, Getinge Group, Advanced Sterilization Products, 3M Company, Belimed AG, Cantel Medical Corporation, Anderson Products Inc., Matachana Group, MMM Group and Sterigenics International Inc.”
Global,regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of Method, by End user along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis executive summaryAn and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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Some Point from Table of Content:
1.Introduction
2.Research Methodology
3.Overview
4.Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
5.Market Segmentation
6.Geographical Analysis
7.Strategic Analysis
- Market Leaders’ Analysis
8.1 STERIS Corporation
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Getinge Group
8.3 Advanced Sterilization Products
8.4 3M Company
8.5 Belimed AG
8.6 Cantel Medical Corporation
8.7 Anderson Products Inc.
8.8 Matachana Group
8.9 MMM Group
8.10 Sterigenics International Inc.
- Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
- Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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