Technological Innovations in Terminal Sterilization Services By 2022 to 2032

BySanket Badgujar
Terminal Sterilization Services Market

The global terminal sterilization services industry is estimated at US$ 10.2 Billion in 2022 and is anticipated to grow at a CAGR of 12.7% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 33.5 Billion.

The market is being driven by a high incidence of chronic diseases, an increase in the frequency of Healthcare Acquired Infections (HAIs), and the impact of the COVID-19 epidemic. Heat sterilizers, ethylene oxide, and other sterilizing materials have surged in demand with the onset of COVID-19. The usage of sterilization equipment and services in hospitals, clinics, diagnostic labs, pharmaceutical manufacturing units, and the biopharmaceutical industry has increased significantly as a result of the significant requirement for effective sanitization of equipment and surroundings.

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The market has gained pace in recent years as a result of surged awareness about diseases and infections caused by non-sterile settings. In addition, there has been a significant increase in funding for hospital infrastructure, research, and public health adaption to terminal sterility.

Companies can develop a sterilization program using the Association for the Advancement of Medical Instrumentation (AAMI) and ISO criteria without the requirement for a big and time-consuming Sterilization technology department. These voluntary consensus standards have also supplied regulatory agencies such as the FDA with a reference point for determining product sterility.

Key Takeaways:

  • The global Terminal Sterilization Services Industry is expected to grow at a CAGR of 12.7% from 2022 to 2032, reaching US$ 33.5 billion by 2032.
  • The growth of the market is being driven by increasing demand for medical devices and pharmaceuticals, growing awareness of the importance of sterilization, and rising adoption of advanced sterilization technologies.
  • The most common methods of terminal sterilization include ethylene oxide (EO) sterilization, gamma sterilization, and electron beam (EB) sterilization.
  • The market is segmented by type, method, technology, end-use, and region.
  • North America is the largest market for terminal sterilization services, followed by Europe. Asia Pacific is the fastest-growing market for terminal sterilization services.

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Major players in the Terminal Sterilization Services Industry include:

  • Steris Plc
  • Getinge Group
  • Advanced Sterilization Products Services, Inc.
  • 3M
  • Belimed
  • Matachana Group
  • Sterigenics International LLC
  • Olympus Corp.
  • Stryker Corporation
  • Johnson & Johnson
  • DuPont

The following are some of the most recent developments from key terminal sterilization service providers:

  • In August 2021, Amcor announced the development of a unique healthcare lidding technology that would be utilized for combination items containing two or more regulated components.
  • In April 2019, Johnson & Johnson announced the completion of the sale of its Advanced Sterilization Products (ASP) business, which is a division of Ethicon, Inc., to Fortive Corporation for an estimated US$ 2.8 billion.

Market Segments Covered in Terminal Sterilization Services Industry Analysis:

By Type:

  • Ethylene Oxide
  • Irradiation
  • Moist Heat Terminal sterilization
  • Other Types

By End Uses:

  • Hospitals & Clinics
  • Pharma
  • Other End-uses

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa(MEA)