Press release
Contract Sterilization Market Size, Share, Growth And Forecast 2033
The Business Research Company recently released a comprehensive report on the Global Contract Sterilization Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=19014&type=smp
According to The Business Research Company's, The contract sterilization market size has grown strongly in recent years. It will grow from $4.84 billion in 2023 to $5.28 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to surge in the medical device reprocessing industry, increase in geriatric population, increase in the number of surgical procedures, rising healthcare investments, and increase in the incidence of chronic diseases.
The contract sterilization market size is expected to see strong growth in the next few years. It will grow to $7.60 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to rising adoption of single-use medical devices, increasing focus on patient safety and infection control, expanding use of ethylene oxide sterilization in medical devices, and increasing demand for contract sterilization from pharmaceutical companies. Major trends in the forecast period include advancements in low-temperature sterilization technologies, innovation in eco-friendly sterilization processes, integration of automation in sterilization equipment, electron beam sterilization in healthcare, and development of mobile sterilization units.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/contract-sterilization-global-market-report
Market Drivers and Trends:
An increase in the incidence of hospital-acquired infections is expected to propel the growth of the contract sterilization market going forward. Hospital-acquired infections (HAIs) are infections patients acquire during their stay in healthcare facilities, leading to rising demand for sterilization services to reduce infection risks. The rise in hospital-acquired infections is due to increased antibiotic resistance and the growing use of invasive devices such as catheters and ventilators, which provide direct pathways for bacteria. Contract sterilization reduces hospital-acquired infections (HAIs) by thoroughly sterilizing medical devices, surgical instruments, and equipment using advanced, standardized processes. For instance, in May 2024, according to the European Centre for Disease Prevention and Control, a Sweden-based government agency, every year, 4.3 million patients in hospitals across the European Union (EU)/ European Economic Area (EEA) contract at least one healthcare-associated infection during their hospital stay. Therefore, an increase in the incidence of hospital-acquired infections is driving the growth of the contract sterilization market.
Major companies operating in the contract sterilization market are focusing on developing advanced solutions, such as medical device contract sterilization, to address the increasing demand for safer, more efficient, and effective sterilization methods. Medical device contract sterilization refers to the process of hiring specialized third-party service providers to perform sterilization on medical devices. For instance, in April 2021, ClorDiSys Solutions, Inc., a US-based provider of decontamination equipment and services, received FDA approval for chlorine dioxide gas to contract sterilize medical devices. This approval allows them to use this gas to sterilize various medical devices, offering a safer alternative to traditional ethylene oxide sterilization. Chlorine dioxide gas allows for sterilizing complex devices within boxes and reduces cycle times compared to ethylene oxide. The entire cycle, including aeration to remove the gas, takes two to eight hours, depending on the device. It benefits devices containing embedded batteries, such as handheld injection pumps, infusion equipment, surgical lights, pacemakers, and defibrillators.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
3M Company, Medline Industries LP, Steris Corporation, Serial System Ltd., Sterigenics International LLC, Nelson Labs & Sterigenics, Steripak Limited, Rocialle Healthcare, Midwest Sterilization Corporation (MSC), Trinity Sterile Inc., Pacific BioLabs Inc., PureLine, Steritek, E-Beam Services Inc., Andersen Sterilizers Inc., PAMA Manufacturing and Sterilization, Transcoject, Infinity Laboratories Pvt Limited, Blue Line Sterilization Services, Medistri SA, NovaSterilis, Noxilizer Inc., Prince Sterilization Services LLC
Contract Sterilization Market 2024 Key Insights:
• The contract sterilization market size is expected to see strong growth in the next few years. It will grow to $7.60 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%.
• Rising Hospital-Acquired Infections Drive Growth Of The Contract Sterilization Market
• Advancements In Medical Device Contract Sterilization
• North America was the largest region in the contract sterilization market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/customise?id=19014&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=19014&type=smp
According to The Business Research Company's, The contract sterilization market size has grown strongly in recent years. It will grow from $4.84 billion in 2023 to $5.28 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to surge in the medical device reprocessing industry, increase in geriatric population, increase in the number of surgical procedures, rising healthcare investments, and increase in the incidence of chronic diseases.
The contract sterilization market size is expected to see strong growth in the next few years. It will grow to $7.60 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to rising adoption of single-use medical devices, increasing focus on patient safety and infection control, expanding use of ethylene oxide sterilization in medical devices, and increasing demand for contract sterilization from pharmaceutical companies. Major trends in the forecast period include advancements in low-temperature sterilization technologies, innovation in eco-friendly sterilization processes, integration of automation in sterilization equipment, electron beam sterilization in healthcare, and development of mobile sterilization units.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/contract-sterilization-global-market-report
Market Drivers and Trends:
An increase in the incidence of hospital-acquired infections is expected to propel the growth of the contract sterilization market going forward. Hospital-acquired infections (HAIs) are infections patients acquire during their stay in healthcare facilities, leading to rising demand for sterilization services to reduce infection risks. The rise in hospital-acquired infections is due to increased antibiotic resistance and the growing use of invasive devices such as catheters and ventilators, which provide direct pathways for bacteria. Contract sterilization reduces hospital-acquired infections (HAIs) by thoroughly sterilizing medical devices, surgical instruments, and equipment using advanced, standardized processes. For instance, in May 2024, according to the European Centre for Disease Prevention and Control, a Sweden-based government agency, every year, 4.3 million patients in hospitals across the European Union (EU)/ European Economic Area (EEA) contract at least one healthcare-associated infection during their hospital stay. Therefore, an increase in the incidence of hospital-acquired infections is driving the growth of the contract sterilization market.
Major companies operating in the contract sterilization market are focusing on developing advanced solutions, such as medical device contract sterilization, to address the increasing demand for safer, more efficient, and effective sterilization methods. Medical device contract sterilization refers to the process of hiring specialized third-party service providers to perform sterilization on medical devices. For instance, in April 2021, ClorDiSys Solutions, Inc., a US-based provider of decontamination equipment and services, received FDA approval for chlorine dioxide gas to contract sterilize medical devices. This approval allows them to use this gas to sterilize various medical devices, offering a safer alternative to traditional ethylene oxide sterilization. Chlorine dioxide gas allows for sterilizing complex devices within boxes and reduces cycle times compared to ethylene oxide. The entire cycle, including aeration to remove the gas, takes two to eight hours, depending on the device. It benefits devices containing embedded batteries, such as handheld injection pumps, infusion equipment, surgical lights, pacemakers, and defibrillators.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
3M Company, Medline Industries LP, Steris Corporation, Serial System Ltd., Sterigenics International LLC, Nelson Labs & Sterigenics, Steripak Limited, Rocialle Healthcare, Midwest Sterilization Corporation (MSC), Trinity Sterile Inc., Pacific BioLabs Inc., PureLine, Steritek, E-Beam Services Inc., Andersen Sterilizers Inc., PAMA Manufacturing and Sterilization, Transcoject, Infinity Laboratories Pvt Limited, Blue Line Sterilization Services, Medistri SA, NovaSterilis, Noxilizer Inc., Prince Sterilization Services LLC
Contract Sterilization Market 2024 Key Insights:
• The contract sterilization market size is expected to see strong growth in the next few years. It will grow to $7.60 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%.
• Rising Hospital-Acquired Infections Drive Growth Of The Contract Sterilization Market
• Advancements In Medical Device Contract Sterilization
• North America was the largest region in the contract sterilization market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/customise?id=19014&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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