The Sterilization Services Global Market Report 2023, provides comprehensive information on the sterilization services market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global sterilization services market size is expected to grow from $4.28 billion in 2022 to $4.62 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global sterilization services market size is expected to reach $6.18 billion in 2027 at a CAGR of 7.6%.
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Product innovations are a key trend gaining popularity in the sterilization services market. Major companies operating in the sterilization services market are focused on developing new solutions to strengthen their position in the market. For instance, in January 2023, PAMA Manufacturing and Sterilization, a Canada-based company specializing in medical device manufacturing and sterilization, launched an innovative ethylene oxide (EO) sterilization solution. This sterilization system uses 50% less EO gas, recycles it, and effectively prevents the direct release of EO into the environment. This technique uses 50% less EO gas throughout the sterilization cycle and responsibly recycles the EO. The closed system efficiently prevents the direct release of EO into the environment by capturing any consumed EO and sending it to our on-site scrubber for the elimination of hazardous compounds. The system’s design is structured to be cost-effective, eco-efficient, and safe without compromising the sterility results of the traditional system.
The sterilization services market is segmented:
1) By Type: Sterilization Validation Services, Contract Sterilization Services
2) By Method: X-ray Irradiation, ETO Sterilization, Gamma Sterilization, E-beam Sterilization, Steam Sterilization
3) By Mode of Delivery: On-Site Sterilization Services, Off-Site Sterilization Services
4) By End-User: Hospitals And Clinics, Medical Device Companies, Pharmaceutical And Biotechnology Companies, Other End Users
North America was the largest region in the sterilization services market in 2022.
The table of contents in TBRC’s sterilization services market report includes:
- Executive Summary
- Sterilization Services Market Characteristics
- Sterilization Services Market Trends And Strategies
- Sterilization Services Market – Macro Economic Scenario
- Sterilization Services Market Size And Growth
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- Africa Sterilization Services Market
- Sterilization Services Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Sterilization Services Market
- Sterilization Services Market Future Outlook and Potential Analysis
- Appendix
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