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North America Sterilization Services Market to 2027

Publisher: The Insight Partners
Publication Date: February, 2020
Healthcare / Medical Devices
Pages: 155
Delivery Format: PDF

Regional Analysis and Forecasts by Method (Ethylene Oxide (ETO) Sterilization, Gamma Sterilization, Electron Beam Radiation Sterilization, Steam Sterilization, and Other Sterilization Methods), Service Type (Contract Sterilization Services and Sterilization Validation Services), Mode of Delivery (Offsite Sterilization Services and Onsite Sterilization Services), End User (Medical Device Companies, Pharmaceutical & Biotechnology Companies, Hospitals & Clinics, Food and Beverages, and Other End Users), and Geography

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The North America sterilization services market is expected to reach US$ 1,441.06 Mn in 2027 from US$ 868.21 Mn in 2019. The market is estimated to grow with a CAGR of 6.6% from 2020-2027.

The growth of the sterilization services market in the US is determined due to factors such as the easy increasing prevalence of healthcare-associated infections, and a rising number of surgical procedures is dominating the sterilization services market across the region. The market in Canada and Mexico is expected to grow due to the increasing number of surgical procedures that are likely to severe as the growth of the sterilization services market during the forecast period.

The market for sterilization services in Canada is expected to grow due to rising demand for the Sterilization Services. The rise in active participation of the market players in Canada, they offer services related to sterilization services. In 2017 in Canada, about 396,218 surgical procedures are being performed; it is estimated to increase in the coming years.
Similar to the United States, Canada has technologically advanced in sterilization services. As sterilization a critical process in surgical procedures, it is used to sterilize the surgical instrument before use. According to the Canadian Institute for Health Information in Canada about 130,000 surgeries performed annually. Thus the rising number of surgery procedures in the country is expected to influence the growth of the market during the forecast period.

Moreover, the companies are performing various activities for the sterilization services market, for instance, Sterigenics International LLC, Cosmed Group has done recent developments for products. Some of the recent developments are mentioned below.
Table 1. Recent Developments For Dental X-Ray in the Market
Month & Year Company Description
October 2017 Cosmed Group Cosmed Group, Inc. acquired contract ethylene oxide sterilization operation from NAETO Sterilization. This has expanded the company’s medical device sterilization division. Moreover, acquisition of this facility has strengthened its presence in sterilization market
October 2017 Sterigenics International LLC Sterigenics International LLC and Noxilizer, Inc. entered into an agreement. In this agreement, Sterigenics received exclusive distribution rights of nitrogen dioxide (NO2) contract sterilization services to medical device pharmaceutical, biotech and pharmaceutical industries
December 2016 Cosmed Group Cosmed Group, Inc. acquired sterilization facility from iuvo Bioscience. With this acquisition, the company has returned to contract sterilization after eleven years

In 2019, the Ethylene Oxide (ETO) sterilization segment held the most significant market share of the sterilization services market, by method. This segment is also anticipated to dominate the market in 2027 owing to its high demand from medical device manufacturers. The electron beam radiation sterilization segment is anticipated to witness growth at a significant rate during the forecast period.
The US sterilization services market is dominated by contract sterilization services segment in 2019 with a considerable market share, by product. This segment is also predicted to dominate the market in 2027. Also, contract sterilization services segment is anticipated to witness growth at a significant rate during the forecast period, owing to the demand of quality services.
In 2019, the medical device companies segment held a considerable market share of the sterilization services market, by the end user. This segment is also predicted to dominate the market in 2027 owing to the increasing demand of medical devices. Also, the medical device companies is anticipated to witness growth at a significant rate during the forecast period.
Some of the major primary and secondary sources for sterilization services included in the report are American Society of Plastic Surgeons, Centers for Disease Control and Prevention, and others.

Reasons to buy this report:
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the sterilization services market.

• Highlights key business priorities in order to assist companies to realign their business strategies.

• The key findings and recommendations highlight crucial progressive industry trends in the North America sterilization services market, thereby allowing players across the value chain to develop effective long-term strategies.

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

• Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.

• Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

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