The global sterilization services market was valued at USD 3.2 billion in 2021 and it is anticipated to grow up to USD 9.1 billion by 2031, at a CAGR of 11.0% during the forecast period.
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Sterilization services are recognized as the way of eliminating unwanted microorganisms present in the environment. In sterilization services, physical or chemical methods are used to kill spore, microbes, and viruses. In hospitals & other medical facilities, the risk of cross-infection from equipment, surface & skin of patient, and healthcare staff as well as contamination of pharmaceutical or other products has increased considerably. Thus, sterilization services serve as an ideal method to inhibit the growth of microorganisms. Different types of sterilization services include ethylene oxide (ETO) sterilization, gamma sterilization, and e-beam sterilization.
Market Trends and Drivers
Growing prevalence of hospital-acquired infections (HAIs) will positively impact the market growth during the forecast period. Hospital-acquired infections (HAIs) are nosocomial infections that occur during a patients stay at hospitals and related facilities and are not observed at the time of admission. Over the years, they have become a major cause of morbidity and mortality worldwide. The most common bacteria associated with HAIs include C. difficile, MRSA, Klebsiella, E. coli, Enterococcus, and the Pseudomonas species. Using infected medical devices during diagnostic and therapeutic procedures is a major cause of HAIs. According to the Centers for Disease Control and Prevention (CDC), up to 1.7 million hospitalized patients in the US annually acquire healthcare-associated infections (HCAIs) while being treated for other health issues, and more than 98,000 of these patients (one in 17) die due to HCAIs.
In addition, 32% of all HAIs in the country are urinary tract infections, 22% are surgical-site infections, 15% are lung (pneumonia) infections, and 14% are bloodstream infections. According to the US Census Bureau, the number of individuals aged 65 and above was estimated at 52.3 million in 2019; this figure is expected to increase to 83.7 million by 2050. The rising geriatric population and the increasing incidence of chronic diseases will result in increased hospitalization rates, which, in turn, will increase the occurrence of HAIs. This is expected to boost the demand for sterilization services of medical instruments and other devices..
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Major Players in the Global Sterilization Services Market
The key players in the market are STERIS plc (US), Sotera Health Company (US), Stryker Corporation (US), Advanced Sterilization Products (ASP, US), E-BEAM Services, Inc. (US), MMM Group (Germany), Belimed AG (Switzerland), BGS Beta-Gamma-Service GmbH & Co. KG (Germany), Medistri SA (Switzerland), Noxilizer, Inc. (US), and among others
COVID-19 Impact
The pandemic has disrupted healthcare systems worldwide, with hospitals being overwhelmed due to the increasing influx of patients. Temporary hospitals are also being set up to deal with the growing number of cases. Hence, the spread of COVID-19 has spurred a surge in demand for sterilization services due to the growing cases of HAIs in hospital settings. The increasing healthcare expenditure in North America and the increasing number of temporary hospitals are some of the major factors driving the demand and uptake of sterilization services in the region. Factors such as the increasing demand for hospital beds and ICUs in North America, proliferation of isolation facilities, increasing awareness among consumers on sterilization services for medical devices and single-use products, and preventive healthcare have greatly boosted the demand for sterilization services.
Furthermore, with the current COVID-19 pandemic wreaking havoc across the globe, various measures are being taken by companies as well as government bodies to drive market growth. For instance, the FDA has recommended that Sterigenics should reopen its ethylene oxide-based sterilization plant in the US. The plant had been shut due to harmful emissions, which were believed to be carcinogenic. In March 2020, the company received permission to reopen the plant for 21 days to sterilize PPE for healthcare workers to use during the COVID-19 pandemic. Such developments are anticipated to drive the growth of this market.
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