The irradiation sterilization services global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Irradiation Sterilization Services Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size – The irradiation sterilization services market size has grown rapidly in recent years. It will grow from $2.34 billion in 2023 to $2.65 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth in the historic period can be attributed to medical industry growth, regulatory standards, technological advancements, pharmaceutical and biotechnology growth, and food safety concerns.
The irradiation sterilization services market size is expected to see rapid growth in the next few years. It will grow to $4.39 billion in 2028 at a compound annual growth rate (CAGR) of 13.5%. The growth in the forecast period can be attributed to increasing healthcare expenditure, the expansion of pharmaceutical and biotechnology sectors, technological innovations, regulatory pressures, rising awareness of food safety, and the aftermath of the COVID-19 pandemic. Major trends in the forecast period include the adoption of advanced technologies, geographical expansion, outsourcing of sterilization services, sustainable practices, hybrid sterilization techniques, and customized sterilization solutions.
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Scope Of Irradiation Sterilization Services MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Irradiation Sterilization Services Market Overview
Market Drivers -The increasing prevalence of healthcare-associated infections is expected to propel the growth of the irradiation sterilization services market going forward. Healthcare-associated infections (HAIs) are infections that patients acquire while receiving medical treatment in a healthcare facility, including hospitals, long-term care facilities, and outpatient clinics, typically not present or incubating at admission but developing within a defined period afterward. The increasing prevalence of healthcare-associated infections is due to antibiotic resistance, inadequate infection control measures, and the growing complexity of medical procedures. Irradiation sterilization services are used in healthcare to prevent healthcare-associated infections by ensuring medical instruments and surfaces are free from harmful microorganisms. For instance, in August 2023, according to Nuffield Trust Limited, a UK-based health research and policy analysis provider, the number of Escherichia coli and Clostridioides difficile infections increased from 6,544 and 4,254, respectively, in 2021 to 7,070 and 5,344 in 2022. Therefore, the increasing prevalence of healthcare-associated infections is driving the growth of the irradiation sterilization services market.
Market Trends – Major companies operating in the irradiation sterilization services market are developing innovative products, such as cloud-based comprehensive disinfection technology solutions, to serve customers with advanced features better. Cloud-based comprehensive disinfection technology solutions refer to systems that use the power of the cloud to manage and optimize disinfection processes in facilities such as hospitals. For instance, in April 2021, Unimech Healthcare, an India-based provider of safe and smart air and surface purification solutions, launched UniClean, a cloud-based comprehensive disinfection technology solution powered by ultraviolet germicidal irradiation (UVGI) for air and surface sterilization. This technology leverages cloud computing to provide real-time monitoring, control, and data analytics to ensure optimal disinfection performance and compliance with hygiene standards. This innovative system offers 99.99% virus-free sterilization of air and surfaces in various settings, such as offices, industries, and hospitals.
The irradiation sterilization services market covered in this report is segmented –
1) By Type: Onsite Sterilization Services, Offsite Sterilization Services
2) By Technology: Gamma Irradiation, X-Ray Irradiation, E-Beam Irradiation
3) By Application: Medical Instruments, Drug, Food And Laboratory, Other Applications
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Regional Insights – North America was the largest region in the irradiation sterilization services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the irradiation sterilization services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies – Major companies operating in the irradiation sterilization services market are 3M Company, Steris plc, Röchling SE & Co. KG, Getinge AB, Sotera Health, Sterigenics N.V., Scapa Group Ltd., IBA Industrial, Nordion Inc., Steritech Pty Ltd., Synergy Health plc, E-BEAM Services Inc., VPT Inc., Swann-Morton Limited, Ionisos SAS, Taisei Kako Co. Ltd., BGS Beta-Gamma-Service GmbH & Co. KG, SteriTek, Gamma Service Recycling GmbH, Microtrol Sterilisation Services Pvt. Ltd., China Biotech Corporation, BBF Sterilisationsservice GmbH, Symec Engineers
Table of Contents 1. Executive Summary2. Irradiation Sterilization Services Market Report Structure3. Irradiation Sterilization Services Market Trends And Strategies4. Irradiation Sterilization Services Market – Macro Economic Scenario5. Irradiation Sterilization Services Market Size And Growth…..27. Irradiation Sterilization Services Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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