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Sterilization Equipment Service Market Research Report By Type of Sterilization (Ethylene Oxide Sterilization, Gamma Radiation Sterilization, Steam Sterilization, Hydrogen Peroxide Vapor Sterilization, Plasma Sterilization), By End-Use Industry (Medical Devices, Pharmaceuticals, Food and Beverage, Cosmetics and Personal Care, Industrial and Manufacturing), By Service Type (Contract Sterilization, In-House Sterilization, Validation and Monitoring Services, Equipment Maintenance and Repair, Training and Consulting), By Capacity (Small-Scale,


ID: MRFR/CO/22591-HCR | 111 Pages | Author: Snehal Singh| September 2024

Global Sterilization Equipment Service Market Overview


The Sterilization Equipment Service Market Size was estimated at 12.15 (USD Billion) in 2022. The Sterilization Equipment Service Industry is expected to grow from 12.63(USD Billion) in 2023 to 17.97 (USD Billion) by 2032. The Sterilization Equipment Service Market CAGR (growth rate) is expected to be around 3.99% during the forecast period (2024 - 2032).


Key Sterilization Equipment Service Market Trends Highlighted


The Sterilization Equipment Service Market is projected to witness substantial growth in the coming years, driven by stringent regulatory mandates, rising awareness of infection control, and technological advancements. The adoption of modern sterilization techniques and the increasing use of minimally invasive procedures are further fueling market expansion.Key market drivers include the growing need for efficient and effective sterilization solutions in healthcare facilities, pharmaceutical companies, and research laboratories. The demand for sterilization services is also being driven by the increasing prevalence of hospital-acquired infections and the rising incidence of chronic diseases. Moreover, technological innovations, such as the integration of automation and robotics, are expected to enhance efficiency and reduce operating costs, further driving market growth.Opportunities for exploration in the Sterilization Equipment Service Market lie in the development of advanced sterilization technologies, such as low-temperature sterilization methods and the use of alternative energy sources. Additionally, the expansion of the healthcare sector in emerging economies and the growing adoption of sterilization services by various industries present significant growth opportunities.


  Sterilization Equipment Service Market Overview


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Sterilization Equipment Service Market Drivers


Increasing Healthcare Spending


An aspect of the [Sterilization Equipment Service Market Industry] that is aiding its growth is the accelerated pace of growth in the [Sterilization Equipment Service Market Industry], which is rising healthcare expenditures. Both governments and private organizations around the globe are spending increasing funds on healthcare, Including infrastructure and the provision of sterilization equipment and services to improve the health of patients and prevent the spread of infection. The increased prevalence of chronic diseases, the increased life expectancy of people across the globe and the growth of the minimally invasive surgical market are all factors contributing to the growth of the market.


Technological Advancements


Technological advancements are revolutionizing the Sterilization Equipment Service Market Industry. The introduction of advanced sterilization techniques, such as low-temperature hydrogen peroxide (HTP) and vaporized hydrogen peroxide (VHP) systems, has enhanced the efficiency and safety of sterilization processes. These technologies offer faster cycle times, reduced energy consumption, and improved compatibility with various medical devices, making them attractive to healthcare providers.


Outsourcing of Sterilization Services


Outsourcing sterilization services is gaining popularity in the Sterilization Equipment Service Market Industry. Healthcare facilities are increasingly partnering with specialized sterilization service providers to reduce costs, improve efficiency, and access the latest technologies. This trend is particularly prevalent in emerging markets, where healthcare providers may lack the resources or expertise to establish in-house sterilization departments.


Sterilization Equipment Service Market Segment Insights


Sterilization Equipment Service Market Type of Sterilization Insights 


The Sterilization Equipment Service Market is segmented based on Type of Sterilization into Ethylene Oxide Sterilization, Gamma Radiation Sterilization, Steam Sterilization, Hydrogen Peroxide Vapor Sterilization, and Plasma Sterilization. Among these segments, Ethylene Oxide Sterilization held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. The growth of this segment can be attributed to the high prevalence of ethylene oxide sterilization in the healthcare industry, especially for the sterilization of medical devices and equipment.Hydrogen Peroxide Vapor Sterilization segment is expected to witness the highest CAGR during the forecast period. The growth of this segment can be primarily attributed to the increasing demand for low-temperature sterilization, especially in the pharmaceutical industry. Furthermore, hydrogen peroxide vapor sterilization is becoming an important method of sterilization, as it is efficacious in sterilizing temperature-sensitive products and leaves no toxic residue. Additionally, plasma sterilization is emerging as an innovative and modern technology within the sterilization equipment service industry.It is gaining popularity as it is not an aggressive sterilization process and can be safely used to sterilize complex medical devices and implants. As such, the increasing need for advanced sterilization is expected to drive the growth of the plasma sterilization sector. The Sterilization Equipment Service Market is highly competitive, with several established players in the market. Some of the key players include STERIS, Getinge, 3M, Belimed and Sotera Health. These companies are focusing on various growth strategies primarily involving innovation and expansion to cater to the increasing demand for sterilization services.


  Sterilization Equipment Service Market Type of Sterilization


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Sterilization Equipment Service Market End-Use Industry Insights 


The end-use industry segment of the Sterilization Equipment Service Market is quite diverse. The vast majority of industries are willing to order sterilization equipment services to ensure that their products are safe and sterile. One of the most substantial proportions of the market is held by the medical devices industry. The need for sterilized devices is progressing because of the increased demand for surgeries and some invasive operations, as it is essential to prevent infections. Another significant end-use industry is the pharmaceutical industry.Sterilization is a necessary process for this industry because it is vital to ensure that produced medications do not contain any infected or mixed components. The food and beverage industry is another industry that accounts for a large proportion of the Sterilization Equipment Service Market. The reason for that is that the food and beverage industry highly relies on sterilization equipment services, which allow them to maintain the products’ quality and shelf life. The cosmetics and personal care industry is concerned with the growth in this market sector because the final product must be pure and not infected in any way.Sterilization equipment services are also used in the industrial and manufacturing industry, which relies on the maintenance of sterility by various components and products in the automotive, electronics, and aerospace sectors. Overall, the end-use industry segment of the Sterilization Equipment Service Market is diverse, and it contributes to the overall market growth and demand.


Sterilization Equipment Service Market Service Type Insights 


The Sterilization Equipment Service Market is segmented into various service types, including Contract Sterilization, In-House Sterilization, Validation and Monitoring Services, Equipment Maintenance and Repair, Training and Consulting. Among these segments, Contract Sterilization holds the largest market share due to the increasing outsourcing of sterilization services by medical device manufacturers and healthcare facilities to ensure compliance with regulatory standards and reduce operating costs. The market for Validation and Monitoring Services is also witnessing significant growth, driven by the need to ensure the effectiveness of sterilization processes and maintain regulatory compliance.The Equipment Maintenance and Repair segment plays a crucial role in ensuring the optimal functioning of sterilization equipment, contributing to the overall market growth. Training and Consulting services are also gaining traction as organizations seek to enhance their knowledge and expertise in sterilization processes and best practices. The growing demand for sterilization services in the healthcare and pharmaceutical industries, coupled with advancements in sterilization technologies, is expected to drive the growth of the Sterilization Equipment Service Market in the coming years.


Sterilization Equipment Service Market Capacity Insights 


The Sterilization Equipment Service Market is segmented by capacity into small-scale, medium-scale, and large-scale. Among these segments, the small-scale capacity segment is expected to hold the largest market share in 2023, accounting for over 35% of the market. This dominance is attributed to the growing demand for small-scale sterilization equipment in hospitals, clinics, and research laboratories. The medium-scale capacity segment is projected to exhibit a steady growth rate during the forecast period, owing to increasing investments in healthcare infrastructure and the rising adoption of medium-scale sterilization equipment by pharmaceutical and biotechnology companies.The large-scale capacity segment is anticipated to witness the fastest growth rate over the coming years. This growth is driven by the increasing demand for large-scale sterilization equipment in the food and beverage industry, where stringent sterilization standards are required to ensure product safety and quality.


Sterilization Equipment Service Market Technology Insights 


The Sterilization Equipment Service Market segmentation by Technology into 'Automated Systems', 'Semi-Automated Systems', and 'Manual Systems' offers valuable insights into the industry's dynamics. Automated Systems held the largest revenue share in 2023, owing to their efficiency, precision, and reduced risk of human error. The Sterilization Equipment Service Market revenue for Automated Systems is projected to grow at a CAGR of 4.2% during 2024-2032. Semi-automated systems, offering a balance between automation and manual operation, are expected to witness a steady growth rate of 3.8% during the same period.Manual Systems, though still prevalent in some settings, are anticipated to experience a relatively slower growth rate due to their labor-intensive nature and potential for human error.


Sterilization Equipment Service Market Regional Insights 


The regional segmentation of the Sterilization Equipment Service Market offers valuable insights into the market's growth dynamics and opportunities across different regions. North America held the largest market share in 2023, with a revenue of 5.13 billion USD. The region's advanced healthcare infrastructure, stringent regulatory standards, and high demand for sterilization services contribute to its dominance. Europe follows closely, with a market size of 3.94 billion USD in 2023. The region's strong healthcare systems and focus on patient safety drive the demand for sterilization equipment services.APAC is projected to witness the fastest growth during the forecast period, with a CAGR of 5.2%. The region's expanding healthcare industry, growing population, and rising disposable incomes present significant growth opportunities. South America and MEA are expected to experience steady growth, with their markets valued at 1.42 billion USD and 1.19 billion USD, respectively, in 2023. These regions offer potential for market expansion due to increasing healthcare investments and a growing awareness of infection prevention.


Sterilization Equipment Service Market Regional


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Sterilization Equipment Service Market Key Players And Competitive Insights


Major players in Sterilization Equipment Service Market industry are constantly striving to gain a competitive edge by adopting various strategies such as product innovation, market expansion, and strategic alliances. Leading Sterilization Equipment Service Market players are focusing on developing advanced sterilization technologies and expanding their geographic reach through partnerships and acquisitions. The development of the Sterilization Equipment Service Market is driven by increasing demand from healthcare facilities, pharmaceutical companies, and research institutions. The competitive landscape is expected to remain fragmented, with several regional and players competing for market share. Key players in the Sterilization Equipment Service Market are investing heavily in research and development to enhance their product offerings and cater to the evolving needs of the healthcare industry.Getinge, a leading company in the Sterilization Equipment Service Market, offers a comprehensive range of sterilization solutions for healthcare facilities, pharmaceutical companies, and research institutions. The company's expertise lies in providing innovative and efficient sterilization technologies backed by a network of services and support. Getinge's commitment to quality and customer satisfaction has earned it a strong reputation in the industry. The company's focus on continuous innovation and expanding its footprint has positioned it as a key player in the Sterilization Equipment Service Market.Steris, a major competitor in the Sterilization Equipment Service Market, provides integrated sterilization and infection prevention solutions to various industries, including healthcare, pharmaceutical, and medical devices. The company offers a wide range of sterilization equipment and services, including steam sterilizers, ethylene oxide sterilizers, and hydrogen peroxide gas plasma sterilizers. Steris's strength lies in its ability to provide customized solutions tailored to the specific needs of its customers. The company's emphasis on innovation, quality, and customer service has enabled it to establish a significant presence in the Sterilization Equipment Service Market.


Key Companies in the Sterilization Equipment Service Market Include



  • DTR Medical

  • Getinge

  • Tuttnauer

  • Cantel Medical

  • Cardinal Health

  • Halyard Health

  • Belimed

  • MMM

  • Steris

  • Anton Paar

  • Danaher

  • Crosstex International

  • KimberlyClark

  • Matachana


Sterilization Equipment Service Market Industry Developments


The sterilization equipment service market is projected to reach USD 17.97 billion by 2032, exhibiting a CAGR of 3.99% during the forecast period of 2024-2032. The market growth is attributed to increasing demand for sterilization services in healthcare facilities, pharmaceutical industries, and research laboratories. Growing concerns regarding hospital-acquired infections and the stringent regulatory framework for medical device sterilization are also driving market expansion. Technological advancements, such as the adoption of automated and robotic systems, are further expected to enhance market growth. Key industry players are focusing on strategic collaborations, acquisitions, and product launches to expand their market presence and cater to evolving customer needs.


Sterilization Equipment Service Market Segmentation Insights 


Sterilization Equipment Service Market Type of Sterilization Outlook



  • Ethylene Oxide Sterilization

  • Gamma Radiation Sterilization

  • Steam Sterilization

  • Hydrogen Peroxide Vapor Sterilization

  • Plasma Sterilization 


Sterilization Equipment Service Market End-Use Industry Outlook



  • Medical Devices

  • Pharmaceuticals

  • Food and Beverage

  • Cosmetics and Personal Care

  • Industrial and Manufacturing 


Sterilization Equipment Service Market Service Type Outlook



  • Contract Sterilization

  • In-House Sterilization

  • Validation and Monitoring Services

  • Equipment Maintenance and Repair

  • Training and Consulting 


Sterilization Equipment Service Market Capacity Outlook



  • Small-Scale

  • Medium-Scale

  • Large-Scale 


Sterilization Equipment Service Market Technology Outlook



  • Automated Systems

  • Semi-Automated Systems

  • Manual Systems 


Sterilization Equipment Service Market Regional Outlook



  • North America

  • Europe

  • South America

  • Asia Pacific

  • Middle East and Africa

Report Attribute/Metric Details
Market Size 2022 12.15(USD Billion)
Market Size 2023 12.63(USD Billion)
Market Size 2032 17.97(USD Billion)
Compound Annual Growth Rate (CAGR) 3.99% (2024 - 2032)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year 2023
Market Forecast Period 2024 - 2032
Historical Data 2019 - 2023
Market Forecast Units USD Billion
Key Companies Profiled DTR Medical, Getinge, Tuttnauer, Cantel Medical, Cardinal Health, Halyard Health, Belimed, MMM, Steris, Anton Paar, Danaher, Crosstex International, KimberlyClark, Matachana
Segments Covered Type of Sterilization, End-Use Industry, Service Type, Capacity, Technology, Regional
Key Market Opportunities 1 Growing medical device industry2 Increasing awareness of infection control3 Government initiatives promoting healthcare quality4 Technological advancements5 Expansion into emerging markets
Key Market Dynamics Increasing healthcare expenditure Growing adoption of advanced sterilization technologies Rise in demand for sterile medical devices. Stringent regulatory standards Technological advancements
Countries Covered North America, Europe, APAC, South America, MEA
   

Frequently Asked Questions (FAQ) :

The Sterilization Equipment Service Market is expected to reach an overall valuation of 12.63 billion USD in 2023.

The market is projected to grow at a CAGR of 3.99% from 2024 to 2032.

North America is expected to hold the largest market share in 2023.

The medical device segment is expected to account for the largest share of the market in 2023.

Some of the key competitors in the market include Getinge AB, Steris Corporation, and Belimed AG.

The growing demand for sterilization services in the healthcare industry, the increasing adoption of minimally invasive surgeries, and the rising awareness of infection control are some of the key factors driving the growth of the market.

The high cost of sterilization equipment and services, the stringent regulatory requirements, and the lack of skilled professionals are some of the challenges faced by the market.

The growing demand for sterilization services in emerging economies, the increasing adoption of advanced sterilization technologies, and the rising focus on outsourcing sterilization services present opportunities for growth in the market.

The increasing adoption of automation, the growing popularity of cloud-based sterilization management systems, and the rising demand for sustainable sterilization solutions are some of the key trends in the market.

The market is expected to continue to grow in the coming years, driven by the increasing demand for sterilization services in various industries and the advancements in sterilization technologies.

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