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Global Market Insights Inc. adds the Global Sterilization Services Market Report focuses on the major drivers and restraints for the Global key players. It also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
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Sterilization Services Market Size Development Trends, Competitive Landscape and Key Regions 2032
Industry Insights • The sterilization services market size is expected to record 6.6% CAGR during 2023 and 2032 due to the spearheading transformative changes in healthcare. • With a relentless focus on patient safety, the increasing prevalence of healthcare-associated infections (HAIs) acts as a significant catalyst, urging healthcare facilities to adopt advanced sterilization services. According to WHO study, more than 24% of patients are affected by healthcare associated sepsis. On an average, one out of every ten patients die due to HAIs. • Furthermore, a growing awareness of the critical role sterilization plays in infection control amplifies the demand. As sustainability gains prominence, the need for eco-friendly sterilization methods further fuels market growth. • The sterilization services industry is classified based on product, business type, mode of delivery, end-use, and region.
The radiation modalities segment is anticipated to witness substantial demand through 2032 as it offers cutting-edge solutions to address the evolving needs of the healthcare sector. • Utilizing state-of-the-art technologies such as gamma radiation and electron beam sterilization ensures the elimination of microorganisms from medical devices and equipment with unparalleled precision. • The radiation modalities not only provide a rapid and efficient sterilization process but also contributes in reducing the environmental impact associated with traditional methods. • As healthcare providers increasingly prioritize sustainability, the product is gaining prominence as a sustainable and effective sterilization solution. • The medical device companies segment is predicted to generate massive revenues for the market by 2032. The stringent regulatory requirements and quality standards governing the production of medical devices propel companies to partner with specialized sterilization service providers.
Regional Analysis • Europe sterilization services market size will grow significantly over 2023 and 2032 due to the robust ecosystem of technological innovation and regulatory compliance. The region boasts a mature healthcare infrastructure and a strong emphasis on patient safety, driving the demand for advanced sterilization services. With the presence of leading medical device companies and a proactive regulatory framework, Europe will continue to lead in healthcare innovation, ensuring sustained market growth. • Competitive Analysis • Steris Corporation • Stryker Corporation • 3M Company • Ecolab Inc. • Cantel Medical Corp. • Sterigenics International LLC
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