Sterilization is the method of abolishing all microorganisms and their pathogenic products. The global sterilization services market is growing at significant rate, due to mounting emphasis on outsourcing of sterilization processes among medical device manufacturers and escalating occurrence of hospital-acquired infections. Different types of sterilization services contributed to the sterilization services market size. The market is expected to witness high demand for contract sterilization services due to budding inclinations for contract sterilization by medical device.
There are two modes of delivery, offsite sterilization services and onsite sterilization services. Inadequate availability of area in in-house sterile processing departments, larger output with minimal monetary threat, improved competence of contract sterilization process than in-house sterilization, and the price decline advantages offered by offsite sterilization services are the factors growing the demand of offsite sterilization services.
The different end users are medical device companies, pharmaceutical & biotechnology industry, hospitals and clinics and others. Escalating number of medical device companies in developing countries, mounting usage of single-use products and mounting requirement to confirm sterility.
The injurious causes of ethylene oxide and sterilization of innovative medical instruments are the major challenges for the growth of sterilization services market.
Globally, the manufacturing companies trying to enter the sterilization services market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier for the entry of new players. This offers an edge to the established players in the industry competition. Geographically, North America is the largest sterilization services market as in the region the occurrence of hospital acquired infections is increasing.
Asia-Pacific is observed to witness fastest growth in the market, due to refined healthcare infrastructure. In addition, expending medical tourism, mounting occurrence of nosocomial infections, and expanding medical device and pharmaceutical industry are also creating a positive impact on the sterilization services market growth in the region.
Key players in the sterilization services market are catering the demand of these devices by investing on technologically advanced products in their product portfolio across the globe.
Steris, Johnson & Johnson, E-Beam Services, Life Science Outsourcing, Cantel Medical Corporation, Beta-Gamma-Service, Medistri, Sterigenics International, Cretex Companies, Noxilizer and Stryker are the key players offering sterilization services.
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Yash Chauhan Joined: February 25th, 2019 Articles Posted: 106