Sterilization Services Market Size, Share, Analysis, Trends, Growth, Forecasts, 2032

Sterilization Services Industry Prospective:

The global sterilization services market size was evaluated at $4,100 million in 2023 and is slated to hit $6,300 million by the end of 2032 with a CAGR of nearly 6.5% between 2024 and 2032.

Request Free Sample

Sterilization Services Market: Overview

Sterilization services include a spectrum of procedures designed to eliminate all kinds of microbial life, which ensures safety in medical & pharmaceutical applications. Moreover, these services are divided into medical device sterilization and surgical sterilization. Apart from this, surgical sterilization includes male sterilization and female sterilization. Reportedly, medical device sterilization includes gamma irradiation, e-beam irradiation, and x-ray sterilization.  

Key Insights

• As per the analysis shared by our research analyst, the global sterilization services market is projected to expand annually at the annual growth rate of around 6.5% over the forecast timespan (2024-2032)
• In terms of revenue, the global sterilization services market size was evaluated at nearly $4,100 million in 2023 and is expected to reach $6,300 million by 2032.
• The global sterilization services market is anticipated to grow rapidly over the forecast timeline owing to surging cases of hospital-acquired infections leading to a rise in the healthcare costs.
• In terms of method, the gas sterilization segment is slated to register the highest CAGR over the forecast period.
• Based on end-user, the medical device manufacturing firms segment is predicted to contribute majorly towards segmental space in the upcoming years.
• Based on service type, the contract sterilization services segment is likely to lead the global market growth in the ensuing years.
• Region-wise, the European sterilization services industry is projected to register the fastest CAGR during the assessment timespan.

Request Free Sample

Sterilization Services Market: Growth Factors

A rise in the incidences of hospital-acquired infections will boost global market trends

Surging cases of hospital-acquired infections leading to a rise in healthcare costs are likely to augment the growth of the global sterilization services market. Furthermore, the escalating need for sterilization agents & equipment will spur the expansion of the market across the globe. Technological breakthroughs in sterilization devices, along with surging awareness about health and hygiene, will propel the global market trends.

In addition, the flourishing medical equipment reprocessing sector and swiftly expanding healthcare sector will drive the global market space. Demand for sterilization by the geriatric populace will bolster the global market trends. Humungous focus on preventing infection and strict laws governing sterilization standards are likely to sketch a profitable roadmap for the global market.

Sterilization Services Market: Restraints

Rise in the need for initial funds can put brakes on the global industry expansion over 2024-2032

Huge costs of initial capital investments and complex regulations governing sterilization services can retard the expansion of the sterilization services industry. Furthermore, growing environmental concerns and less adoption of new technologies will restrict global industry expansion.

Sterilization Services Market: Opportunities

A surge in the healthcare companies outsourcing services to curb high labor costs can propel the global market expansion

A large number of healthcare firms are outsourcing sterilization services to service providers, thereby reducing costs as well as enhancing efficiency. This, in turn, is expected to generate new growth avenues for the global sterilization services market.

In addition to this, the growing trend of consolidation among service providers in the sterilization business will create new growth facets for the global market. Strict laws regulating sterilization procedures are expected to increase the implementation of quality control measures, and new systems are likely to expedite the global market trends.

Sterilization Services Market: Challenges

Supply chain disruptions and safety issues about medical equipment can retrograde the global industry expansion by 2032

Supply chain oscillations and economic downturns have reduced healthcare expenditures, thereby severely affecting the growth of the global sterilization services industry. In addition, the growing concerns about the security of reprocessed equipment can challenge the global industry expansion.

Sterilization Services Market: Segmentation

The global sterilization services market is divided into method, end-user, service type, and region.                                             

In terms of method, the sterilization services market across the globe is segmented into gas sterilization, heat sterilization, and radiant sterilization segments. Apparently, the gas sterilization segment, which gathered nearly 60% of the global market earnings in 2023, is expected to record the fastest CAGR in the coming eight years due to the rise in the use of ethylene oxide sterilization, a part of gas sterilization method, in sterilization due to growing environmental concerns and cost-efficiency. 

Based on the end-user, the global sterilization services industry is segmented into healthcare units, pharmaceutical & biotechnology firms, research laboratories, and medical device manufacturing firms segments. Apparently, the medical device manufacturing firms segment, which dominated the global industry size in 2023, is anticipated to account majorly towards the segmental expansion in the analysis period. This can be a result of the growing popularity of sterilizing medical equipment to prevent nosocomial infections.

On the basis of service type, the global sterilization services industry is divided into sterilization validation services and contract sterilization services segments. Moreover, the contract sterilization services market, which led the global market share in 2023, is likely to lead global market growth in the forecast timeline. The segmental surge in the coming eight years can be due to its cost-effectiveness along with the growing use of these services in the medical sector.

Sterilization Services Market: Report Scope

Sterilization Services Market: Regional Insights

North America is likely to maintain leading status in the global market over the analysis period

North America, which accounted for about 65% of the global sterilization services market size in 2023, is predicted to establish a leading position in the global market in the forecasting timespan.

Furthermore, the regional market upsurge in the coming decade can be a result of the presence of strong healthcare infrastructure in countries such as the U.S., along with a huge focus on hospital-acquired infection control measures. Additionally, the humungous allocation of funds to research activities is likely to prompt regional market growth in the forthcoming years.

The European sterilization services industry is expected to register the fastest compounded growth annually in the forecasting timespan. The elevation of the industry in Europe can be a result of the escalating healthcare spending along with the need for sterilization services by the geriatric population in European countries.

Additionally, the presence of key players and the launch of new technologies, including hydrogen peroxide vapor sterilization and plasma sterilization, will steer the industry surge in the continent.

Sterilization Services Market: Competitive Space

The global sterilization services market profiles key players such as: The 3M Company

• Sotera Health
• Stryker Corporation
• Medistri SA
• Getinge AB
• BGS Beta-Gamma-Service
• Belimed
• B. Braun Medical Ltd
• E-BEAM Services Inc.
• Cantel Medical
• Life Science Outsourcing Inc.
• Medistri SA.

The global sterilization services market is segmented as follows:

By Method

• Gas Sterilization
• Heat Sterilization
• Radiant Sterilization

By End-User

• Healthcare Units
• Pharmaceutical & Biotechnology Firms
• Research Laboratories
• Medical Device Manufacturing Firms

By Service Type

• Sterilization Validation Services
• Contract Sterilization Services

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa