The sterilization services market is projected to reach USD 5.5 billion by 2026 from USD 4.1 billion in 2021, at a CAGR of 6.0% during the forecast period. Growth in this market is majorly driven by the high incidence of hospital-acquired infections; the increasing number of surgical procedures; the growing focus on food sterilization; and the increasing outsourcing of sterilization services among pharmaceutical companies, hospitals, and medical device manufacturers. In addition, the growing medical device and pharmaceutical companies in emerging economies, increasing use of E-beam sterilization, reintroduction of ethylene oxide sterilization, and the growing healthcare industry and outsourcing of operation to emerging countries are expected to offer high-growth opportunities for market players during the forecast period. With the surge in COVID-19 cases, there is an increasing focus on personal hygiene and the production of medical nonwovens and single-use products, such as face masks and gloves. This is further expected to drive the growth of the sterilization services market in the coming years. On the other hand, concerns regarding the safety of reprocessed instruments are expected to limit market growth to some extent in the coming years. This, along with the end-user noncompliance with sterilization standards, is expected to restrain the growth of this market.
The global sterilization services market is consolidated at the top, with many leading market players based in developed countries. The prominent players in this 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), H.W.Andersen Products Ltd. (US), Cosmed Group (US), Cretex Companies, Inc. (US), Life Science Outsourcing, Inc. (US), MICROTROL Sterilisation Services Pvt. Ltd. (India), Medline Industries, Inc. (US), Avantti Medi Clear (Mexico), Steripure SAS (France), Europlaz Technologies Limited (UK), Centerpiece (US), Midwest Sterilization Corporation (US), Blue Line Sterilization Services LLC (US), SteriPack Group (Ireland), Steri-Tek (US), and Sterilization Services (US). However, several smaller players have emerged from niche markets in the past few years, competing with global players based on price and service offering. Due to intense competition in the market, major market players increasingly focus on expanding their geographic presence into high-growth emerging markets and strengthening their technological competitiveness by acquiring smaller players with the desired technological capabilities or geographical presence.
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STERIS plc is a leading company in the sterilization services industry and is a leading provider of sterilization technologies and services. The company’s broad service portfolio is its key strength. STERIS markets an array of contract processing services using gamma irradiation, electron beam processing, and EtO technologies, along with a range of laboratory testing services. It also has a strong geographic presence across North America, Latin America, Europe, Asia, and the Middle East & Africa. The company derives most of its revenues from North America, specifically the US market. It dominates the sterilization products and services market and also has a significant position in the disinfectants market. To further expand and maintain its leading market position, STERIS focuses both on organic and inorganic strategies, such as acquisitions, and geographic expansions. In 2020, it announced the addition of X-ray services to its facilities in Thailand, adding to its existing gamma irradiation capacity.
Sotera Health Company is a well-established global brand in the sterilization services market, with operations spread worldwide. It has a robust portfolio of sterilization services. It predominantly provides its products and services to medical device manufacturers, pharmaceutical companies, and the food industry to control the unwanted presence of microorganisms, prevent infection, and mitigate contamination. The company’s agreements, expansions, and acquisitions help expand its business operations, increase its market share, and strengthen its existing portfolio in the global sterilization services market. During the study period, the company has invested a sizeable amount in expanding its sterilization services capacity in Europe and the US. In March 2021, Sterigenics S.A.S., a subsidiary of Sotera Health Company, expanded its ethylene oxide (EO) facility located in Rantigny, France. In July 2018, Sterigenics expanded its European capacity with a new state-of-the-art gamma sterilization facility in the UK. In August 2017, it invested USD 17.5 million to expand its Forth Worth, Texas sterilization facility, with the addition of a new gamma cell. These investments for expanding its global network and service capacity help the company grow in the global sterilization services market.
Sterilization Services Market by Method (EtO, Gamma, Steam, X-ray), Type (Contract Sterilization, Validation Services), Mode of Delivery (Off-site, On-site), End User (Hospitals & Clinics, Pharmaceuticals), COVID-19 Impact - Global Forecast to 2026
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