Terminal Sterilization Services Market - Global Industry Analysis

Terminal Sterilization Services Market - By End-Use (Hospitals & Clinics and Pharma), By Service Type (Ethylene Oxide Terminal Sterilization, Moist Heat Terminal Sterilization, and Radiation), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2028

Published Date: 12-Jul-2021 Category: Biotechnology Report Format : PDF Pages: 130 Report Code: ZMR-6470 Status : Published

The global Terminal Sterilization Services market accrued earnings worth approximately 8.7(USD Billion) in 2020 and is predicted to gain revenue of about 19.2 (USD Billion) by 2028, is set to record a CAGR of nearly 10.2% over the period from 2021 to 2028.

Description

The global Terminal Sterilization Services market accrued earnings worth approximately 8.7(USD Billion) in 2020 and is predicted to gain revenue of about 19.2 (USD Billion) by 2028, is set to record a CAGR of nearly 10.2% over the period from 2021 to 2028. The report offers assessment and analysis of the Terminal Sterilization Services market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Report Scope :

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Terminal Sterilization Services Market: Overview

Terminal sterilization is the method of product sterilization and it ensures that product remains in state of sterilization as well as free from microorganisms. Furthermore, all parenteral, medical, and ophthalmic devices are sterilized in batch format and make utilization of heat for sterilization. Moreover, terminal sterilization finds application in slew of healthcare products such as drapes & gowns as well as implantable equipment like bare metal stents, vessel closure equipment, and heart valves. Apart from this, it is utilized during implantation of guidewires and catheters and is also used for processing combined products during which medicines, equipment, and biologics are integrated on a sole product.

Furthermore, massive patient safety, regular process controls, effective standard protocols, and low manufacturing costs are few of the key terminal sterilization aspects. Radiation & ethylene oxide terminal sterilization are some of the most frequently utilized processes witnesses in healthcare sector and it helps in rendering the equipment free from microorganisms. Heat sterilization, gamma irradiation, and stream sterilization are few of the methods of terminal sterilization.

Terminal Sterilization Services Market: Growth Drivers

Medical equipment, biologic products, and pharmaceuticals help in enhancing quality of life of those patients who consume them. Additionally, integrated equipment utilizing technology spanning pharma, medical equipment, and biopharma industries have been emerging. Furthermore, it is necessary for the biopharma, pharma, biologic, and medical device products to be free from microorganisms. With terminal sterilization being effective, safe, & cost-efficient mode of sterilizing these products, the market for terminal sterilization services is anticipated to gain traction over upcoming years.

In addition to this, spread of coronavirus pandemic has resulted in escalating demand for sterilization solutions, thereby helping terminal sterilization services market explore new frontiers of growth in near future. Apart from this, growing concerns pertaining to healthcare associated infections is likely to play a pivotal role in influencing growth of terminal sterilization services industry in foreseeable future. Thriving biotechnology sector is projected to prompt growth of terminal sterilization services market in upcoming years. Need for proper sanitization and sterilizing of medical equipment in hospitals, pharma manufacturing centers, clinics, biopharmaceutical sector, and diagnostic labs has resulted in large-scale demand for terminal sterilization services in ensuing years. Constant increase in incidences of COVID across the globe has spurred product penetration. Rise in occurrence of chronic ailments including diabetes, autoimmune disorders, and cancer will enhance market size. With low temperature hydrogen peroxide sterilization also referred as plasma sterilization evolving as one of the few best sterilizing options over conventional sterilization methods, terminal sterilization services market is set to grow exponentially over the upcoming years.

Regional Insights

North America To Make Major Contributions Towards Overall Market Revenue By 2028

The expansion of terminal sterilization services market in North America over forecast timespan is owing to rise in the rate of hospital acquired infections, presence of robust healthcare infrastructure facility, and supportive compensation policies. Apart from this, strict enforcement of laws related to improvement of healthcare solutions will prompt regional market surge in ensuing years. The U.S. accounted for major revenue share of global terminal sterilization services market in 2020 due to rise in cases of hospital acquired infections as well as increase in proportion of surgeries, thereby boosting regional market growth. A prominent rise in spread of COVID as well as tuberculosis and typhoid in the U.S. in recent year will contribute profusely towards regional market size in upcoming years. Availability of standard regulatory framework & presence of skilled persons delivering terminal sterilization services are few of the major factors driving market growth. Thriving pharma & biopharma industries in countries such as Canada and the U.S. will proliferate market value in North America over the years to come.

Competitive Insights

Key players profiled in the study and favorably influencing market growth are Steris Plc, The 3M Company, Getinge Group, Matachana Group, Olympus Corporation, TSO3, Cantel Medical, Advanced Sterilization Products Services, Inc., Belimed, and Sterigenics International LLC.

 The global Terminal Sterilization Services Market is segmented as follows:

By Service Type

  • Ethylene Oxide Terminal Sterilization
  • Moist Heat Terminal Sterilization
  • Radiation

By End-Use

  • Hospitals & Clinics
  • Pharma

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Terminal Sterilization Services Market, 2018–2028(USD Billion)
    • 2.2. Terminal Sterilization Services Market: Snapshot
  • Chapter 3. Global Terminal Sterilization Services Market– Service Type Analysis
    • 3.1. Terminal Sterilization Services Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Necessity for proper sanitization and sterilizing of medical device in hospitals, pharma manufacturing centers, clinics, biopharmaceutical sector, and diagnostic labs has led to large-scale demand for terminal sterilization services in ensuing years.
      • 3.2.2. Continuous surge in cases of COVID across the globe has enhanced product penetration. Increase in occurrence of chronic ailments including diabetes, autoimmune disorders, and cancer will prompt market size.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Service Type
      • 3.4.2. Market attractiveness analysis By End-Use
  • Chapter 4. Global Terminal Sterilization Services Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Terminal Sterilization Services Market: company market share, 2020
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Service launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Terminal Sterilization Services Market– Service Type Analysis
    • 5.1. Global Terminal Sterilization Services Market overview: By Service Type
      • 5.1.1. Global Terminal Sterilization Services Market share, By Service Type , 2020 and 2028
    • 5.2. Ethylene Oxide Terminal Sterilization
      • 5.2.1. Global Terminal Sterilization Services Market by Ethylene Oxide Terminal Sterilization, 2018–2028(USD Billion)
    • 5.3. Moist Heat Terminal Sterilization
      • 5.3.1. Global Terminal Sterilization Services Market by Moist Heat Terminal Sterilization, 2018–2028(USD Billion)
    • 5.4. Radiation
      • 5.4.1. Global Terminal Sterilization Services Market by Radiation, 2018–2028(USD Billion)
  • Chapter 6. Global Terminal Sterilization Services Market– End-Use Analysis
    • 6.1. Global Terminal Sterilization Services Market overview: By End-Use
      • 6.1.1. Global Terminal Sterilization Services Market share, By End-Use, 2020 and 2028
    • 6.2. Hospitals & Clinics
      • 6.2.1. Global Terminal Sterilization Services Market by Hospitals & Clinics, 2018–2028(USD Billion)
    • 6.3. Pharma
      • 6.3.1. Global Terminal Sterilization Services Market by Pharma, 2018–2028(USD Billion)
  • Chapter 7. Company Profiles
    • 7.1. SA Steris Plc
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Service Portfolio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. The 3M Company
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Service Portfolio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. Getinge Group
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Service Portfolio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Development
    • 7.4. Matachana Group
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Service Portfolio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Development
    • 7.5. Olympus Corporation
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Service Portfolio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Development
    • 7.6. TSO3
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Service Portfolio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Development
    • 7.7. Cantel Medical
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Service Portfolio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Development
    • 7.8. Advanced Sterilization Products Services, Inc.
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Service Portfolio
      • 7.8.4. Business Strategy
      • 7.8.5. Recent Development
    • 7.9. Belimed
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Service Portfolio
      • 7.9.4. Business Strategy
      • 7.9.5. Recent Development
    • 7.10. Sterigenics International LLC
      • 7.10.1. Overview
      • 7.10.2. Financials
      • 7.10.3. Service Portfolio
      • 7.10.4. Business Strategy
      • 7.10.5. Recent Development

Table Of Figures

List of Figures

1. Market research Type
2. Market research methodology
3. Global Terminal Sterilization Services Market, 2018–2028(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Terminal Sterilization Services Marketattractiveness, By Service Type
6. Global Terminal Sterilization Services Marketattractiveness, By End-Use
7. Global Terminal Sterilization Services Marketshare by Service Type ,2020 and 2028 (USD Billion)
8. Global Terminal Sterilization Services Marketby Ethylene Oxide Terminal Sterilization, 2018–2028(USD Billion)
9. Global Terminal Sterilization Services Marketby Moist Heat Terminal Sterilization, 2018–2028(USD Billion)
10. Global Terminal Sterilization Services Marketby Radiation, 2018–2028(USD Billion)
11. Global Terminal Sterilization Services Marketshare by End-Use ,2020 and 2028 (USD Billion)
12. Global Terminal Sterilization Services Marketby Hospitals & Clinics, 2018–2028(USD Billion)
13. Global Terminal Sterilization Services Marketby Pharma, 2018–2028(USD Billion)
14. Global Terminal Sterilization Services Marketshare, by Region, 2020 and 2028
15. North America Terminal Sterilization Services Market, 2018–2028(USD Billion)
16. Europe Terminal Sterilization Services Market, 2018–2028(USD Billion)
17. Asia Pacific Terminal Sterilization Services Market, 2018–2028(USD Billion)
18. Latin America Terminal Sterilization Services Market, 2018–2028(USD Billion)
19. The Middle East and Africa Terminal Sterilization Services Market, 2018–2028(USD Billion)
 


Table Of Tables

List of Tables

1. Global Terminal Sterilization Services Market: snapshot
2. Drivers of the Terminal Sterilization Services Market: impact analysis
3. North America Terminal Sterilization Services Market revenue, By Service Type  ,2018–2028(USD Billion)
4. North America Terminal Sterilization Services Market revenue, By End-Use  ,2018–2028(USD Billion)
5. The U.S. Terminal Sterilization Services Market revenue, By Service Type  ,2018–2028(USD Billion)
6. The U.S. Terminal Sterilization Services Market revenue, By End-Use  ,2018–2028(USD Billion)
7. Rest of North America Terminal Sterilization Services Market revenue, By Service Type  ,2018–2028(USD Billion)
8. Rest of North America Terminal Sterilization Services Market revenue, By End-Use  ,2018–2028(USD Billion)
9. Europe Terminal Sterilization Services Market revenue, By Service Type  ,2018–2028(USD Billion)
10. Europe Terminal Sterilization Services Market revenue, By End-Use  ,2018–2028(USD Billion)
11. UK Terminal Sterilization Services Market revenue, By Service Type  ,2018–2028(USD Billion)
12. UK Terminal Sterilization Services Market revenue, By End-Use  ,2018–2028(USD Billion)
13. France Terminal Sterilization Services Market revenue, By Service Type  ,2018–2028(USD Billion)
14. France Terminal Sterilization Services Market revenue, By End-Use  ,2018–2028(USD Billion)
15. Germany Terminal Sterilization Services Market revenue, By Service Type  ,2018–2028(USD Billion)
16. Germany Terminal Sterilization Services Market revenue, By End-Use  ,2018–2028(USD Billion)
17. Rest of Europe Terminal Sterilization Services Market revenue, By Service Type  ,2018–2028(USD Billion)
18. Rest of Europe Terminal Sterilization Services Market revenue, By End-Use  ,2018–2028(USD Billion)
19. Asia Pacific Terminal Sterilization Services Market revenue, By Service Type  ,2018–2028(USD Billion)
20. Asia Pacific Terminal Sterilization Services Market revenue, By End-Use  ,2018–2028(USD Billion)
21. China Terminal Sterilization Services Market revenue, By Service Type  ,2018–2028(USD Billion)
22. China Terminal Sterilization Services Market revenue, By End-Use  ,2018–2028(USD Billion)
23. Japan Terminal Sterilization Services Market revenue, By Service Type  ,2018–2028(USD Billion)
24. Japan Terminal Sterilization Services Market revenue, By End-Use  ,2018–2028(USD Billion)
25. India Terminal Sterilization Services Market revenue, By Service Type  ,2018–2028(USD Billion)
26. India Terminal Sterilization Services Market revenue, By End-Use  ,2018–2028(USD Billion)
27. Rest of Asia Pacific Terminal Sterilization Services Market revenue, By Service Type  ,2018–2028(USD Billion)
28. Rest of Asia Pacific Terminal Sterilization Services Market revenue, By End-Use  ,2018–2028(USD Billion)
29. Latin America Terminal Sterilization Services Market revenue, By Service Type  ,2018–2028(USD Billion)
30. Latin America Terminal Sterilization Services Market revenue, By End-Use  ,2018–2028(USD Billion)
31. Brazil Terminal Sterilization Services Market revenue, By Service Type  ,2018–2028(USD Billion)
32. Brazil Terminal Sterilization Services Market revenue, By End-Use  ,2018–2028(USD Billion)
33. Rest of Latin America Terminal Sterilization Services Market revenue, By Service Type  ,2018–2028(USD Billion)
34. Rest of Latin America Terminal Sterilization Services Market revenue, By End-Use  ,2018–2028(USD Billion)
35. The Middle East and Africa Terminal Sterilization Services Market revenue, By Service Type  ,2018–2028(USD Billion)
36. The Middle East and Africa Terminal Sterilization Services Market revenue, By End-Use  ,2018–2028(USD Billion)
37. Saudi Arabia Terminal Sterilization Services Market revenue, By Service Type  ,2018–2028(USD Billion)
38. Saudi Arabia Terminal Sterilization Services Market revenue, By End-Use  ,2018–2028(USD Billion)
39. South Africa Terminal Sterilization Services Market revenue, By Service Type  ,2018–2028(USD Billion)
40. South Africa Terminal Sterilization Services Market revenue, By End-Use  ,2018–2028(USD Billion)
41. Rest of the Middle East & Africa Terminal Sterilization Services Market revenue, By Service Type  ,2018–2028(USD Billion)
42. Rest of the Middle East & Africa Terminal Sterilization Services Market revenue, By End-Use  ,2018–2028(USD Billion)
 


 

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FrequentlyAsked Questions

Medical equipment, biologic products, and pharmaceuticals help in enhancing quality of life of those patients who consume them. Additionally, integrated equipment utilizing technology spanning pharma, medical equipment, and biopharma industries have been emerging. Furthermore, it is necessary for the biopharma, pharma, biologic, and medical device products to be free from microorganisms. With terminal sterilization being effective, safe, & cost-efficient mode of sterilizing these products, the market for terminal sterilization services is anticipated to gain traction over upcoming years.

In addition to this, spread of coronavirus pandemic has resulted in escalating demand for sterilization solutions, thereby helping terminal sterilization services market explore new frontiers of growth in near future. Apart from this, growing concerns pertaining to healthcare associated infections is likely to play a pivotal role in influencing growth of terminal sterilization services industry in foreseeable future. Thriving biotechnology sector is projected to prompt growth of terminal sterilization services market in upcoming years.  

According to Zion market research report, the global Terminal Sterilization Services market accrued earnings worth approximately 8.7(USD Billion) in 2020 and is predicted to gain revenue of about 19.2 (USD Billion) by 2028, is set to record a CAGR of nearly 10.2% over the period from 2021 to 2028.

North America will contribute lucratively towards the global market size during the estimated timeline. The regional market surge is due to rise in the rate of hospital acquired infections, presence of robust healthcare infrastructure facility, and supportive compensation policies. Apart from this, strict enforcement of laws related to improvement of healthcare solutions will prompt regional market surge in ensuing years. The U.S. accounted for major revenue share of global terminal sterilization services market in 2020 due to rise in cases of hospital acquired infections as well as increase in proportion of surgeries, thereby boosting regional market growth. A prominent rise in spread of COVID as well as tuberculosis and typhoid in the U.S. in recent year will contribute profusely towards regional market size in upcoming years. Availability of standard regulatory framework & presence of skilled persons delivering terminal sterilization services are few of the major factors driving market growth. Thriving pharma & biopharma industries in countries such as Canada and the U.S. will proliferate market value in North America over the years to come.

The key market participants include Steris Plc, The 3M Company, Getinge Group, Matachana Group, Olympus Corporation, TSO3, Cantel Medical, Advanced Sterilization Products Services, Inc., Belimed, and Sterigenics International LLC.

 

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