The offsite sterilization service global market report 2024 from 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.
Offsite Sterilization Service Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The offsite sterilization service market size has grown strongly in recent years. It will grow from $2.22 billion in 2023 to $2.39 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to economic growth and industrialization, consumer preferences and lifestyle changes, regulatory changes, technological advancements, globalization and supply chain dynamics.
The offsite sterilization service market size is expected to see strong growth in the next few years. It will grow to $3.06 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to sustainability and circular economy initiatives, e-commerce growth, urbanization trends, health and safety concerns, customization and personalization. Major trends in the forecast period include growing demand for mobile sterilization units, adoption of sustainable sterilization practices, expansion of sterilization services in emerging markets, integration of robotics and automation, focus on sterilization services for pharmaceuticals and biotechnology industries.
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Scope Of Offsite Sterilization Service Market
The 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.
Offsite Sterilization Service Market Overview
Market Drivers –
The growing prevalence of hospital-acquired infections (HAIS) is expected to propel the growth of the offsite sterilization service market going forward. Hospital-acquired infections refer to infections that patients acquire during receiving healthcare treatment in a hospital or other healthcare facility. Offsite sterilization service strategies address hospital-acquired infections (HAIs) by implementing a range of measures designed to minimize the risk of infection and enhance patient safety. For instance, in December 2023, according to the Australian Institute of Health and Welfare, an Australia-based government agency, hospitals recorded 1,546 Staphylococcus aureus bloodstream infections (SABSI) over 21.1 million patient care days, with a rate of 0.73 cases per 10,000 patient days in 2021–22, and MSSA infections increased slightly to 0.62 per 10,000 patient days from 0.61 in 2020–21. Therefore, the growing prevalence of hospital-acquired infections (HAIS) is driving the growth of the offsite sterilization service market.
Market Trends –
Major companies operating in the offsite sterilization service market are developing innovative facilities, such as surgical instrument sterilization solutions, to increase their profitability in the market. Surgical instrument sterilization solutions are chemical or physical agents used to eliminate all microorganisms, including bacteria, viruses, and fungi, from surgical instruments. For instance, in October 2023, Innovative Sterilization Technologies LLC, a US-based manufacturer of reusable sealed sterilization devices, launched ONE TRAY Total Solution for its New Offsite Sterilization Facility. It is a system designed to improve the efficiency and effectiveness of surgical instrument sterilization, particularly for high-turnover instruments in hospitals and ambulatory surgical centers. It features a unique filtration system that allows for steam penetration and sterility maintenance for up to 48 hours after sterilization.
The offsite sterilization service market covered in this report is segmented –
1) By Type: Contract Sterilization Services, Sterilization Validation Services
2) By Service Technology: Ethylene Oxide Sterilization, Gamma Sterilization, Electron Beam Sterilization, Steam Sterilization, No2 Sterilization, Other Service Technologies
3) By End User: Hospitals, Clinics, Medical Device Companies, Pharmaceutical Companies, Food And Beverage Companies, Academic And Research Institutes, Other End Users
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Regional Insights –
North America was the largest region in the offsite sterilization service market in 2023. The regions covered in the offsite sterilization service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Schneider Electric SE , Stryker Corporation , Terumo BCT Corporation , Steris plc , Andersen Scientific Inc., Sotera Health Company, Sterigenics LLC , Cantel Medical Corporation , Wipak Holding GmbH, Koch Industries Inc. , CRETEX Medical, B. Braun Sterilog Ltd., Midwest Sterilization Corporation, Quality Tech Services LLC, Scapa group, Etone Technologies Ltd. , Life Science Outsourcing Inc., Pro-Tech Design and Manufacturing Inc., E-BEAM Services Inc., Infinity Laboratories, Medistri SA, BGS Beta-Gamma-Service GmbH & Co. KG, ClorDiSys Solutions Inc., Noxilizer Inc., Blue Line Sterilization Services LLC
Table of Contents
1. Executive Summary
2. Offsite Sterilization Service Market Report Structure
3. Offsite Sterilization Service Market Trends And Strategies
4. Offsite Sterilization Service Market – Macro Economic Scenario
5. Global Open Database Connectivity (ODBC) Market Size and Growth
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32. Global Open Database Connectivity (ODBC) Market Competitive Benchmarking
33. Global Open Database Connectivity (ODBC) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Open Database Connectivity (ODBC) Market
35. Open Database Connectivity (ODBC) Market Future Outlook and Potential Analysis
36. Appendix
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