United States (USA) Sterilization Services Market Analysis, Sector / Industry Report & Analysis, 2018-2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: United States (USA) Sterilization Services2018-2025 Market


The U.S. sterilization services market size was valued at USD 1.83 billion in 2017. Rise in prevalence of chronic diseases and various initiatives taken by the government to ensure adoption of essential sterilization standards in hospitals and research centers is expected to drive the market over the forecast period. Currently, stringent medical safety and infection control norms are increasing public awareness, resulting in shorter hospital stays and reduced healthcare costs.
With increasing demandfor food supply and introduction of exotic fruits and vegetables, stricter norms have been introduced to ensure safety and quality of such products. Techniques such as low-temperature and gamma irradiation are used for sterilization processes in the food industry, which is slated to spur market growth.
The U.S. government has been focusing on reducing healthcare costs and this is expected to encourage the FDA to make approval procedures of generic pharmaceuticals speedier and easier. Faster approvals means greater need for new sterility testing methods, compelling innovative market players to spend more on similar solutions, thereby driving the market. With growing demand for drugs, companies are launching newer drugs with better efficacy and different routes of administration, dosage, or for a new indication. These launches require thorough sterility testing and this is anticipated to boost the market.

  
Regional and service portfolio expansions and merger and acquisitions are key strategic undertakings adopted by key players in the industry. In November 2015, Steris acquired Synergy Health, marking a significant milestone in its business activities. The expansion was intended to achieve enhanced customer satisfaction and expand its customer base. In April 2014, Steris announced its intent to acquire Integrated Medical Systems for USD 165 million. It was to pay an additional USD 10 million for real estate. The acquisition was expected to confer tax benefits to the company.

Market Segmentation, Outlook & Viewpoint: United States (USA) Sterilization Services2018-2025 Market


This report forecasts revenue growth at country level and provides an analysis of latest industry trends in each of the sub-segments from 2012 to 2025. For the purpose of this study, Grand View Research has segmented the U.S. sterilization services market report on the basis of type, technique, delivery mode, and end use:

Technique Outlook (Revenue, USD Million, 2012 - 2025)

Steam

EtO

E-beam radiation

Gamma radiation

Others

Type Outlook (Revenue, USD Million, 2012 - 2025)

Contract services

Validation services

Delivery Mode Outlook (Revenue, USD Million, 2012 - 2025)

Onsite

Offsite

End-use Outlook (Revenue, USD Million, 2012 - 2025)

Hospitals

Pharmaceutical companies

Medical device companies

Clinical laboratories

Others

Key Players, Recent Developments & Regional Insights: United States (USA) Sterilization Services2018-2025 Market

 
Based on type, the market is segmented into contract and validation services. The contract segment captured the largest market share in 2017 and is expected to continue its dominance through the forecast period.Contract services include in-house and off-site sterilization of medical devices, pharmaceuticals, and packaged units. Most of the in-house sterilization in hospitals is executed in the sterile processing department. Contract services are preferred by hospitals and manufacturers as they significant reduce cost and resource burden and allow them to focus on their core activities.
Validation services require significant investments in terms of consumables. Presence of a large number of market players is expected to have a negative impact on the prices of these services as it reduces profit margins. However, validation of sterilization is a mandatory step in every healthcare center, which is expected to offset the adverse impact of the restraint.
Technique Insights 
Increasing number of surgical procedures and rising geriatric population have driven the adoption of a variety of sterilization services. Market players have been making significant investments in research and development of novel techniques.Heat sterilization is the most widely used and reliable method of sterilization. It works best when used in a hydrated form rather than dry state. Low temperature sterilization technique is compatible with most delicate medical equipment and is extremely easy to control and monitor.
Delivery Mode Insights 
Based on delivery mode, the market is segmented into off-site and on-site. The off-site segment is expected to witness the fastest growth rate during the forecast period. Increasing number of service providers and rising trend of outsourcing sterilization services are factors anticipated to fuel segment growth.
On-site sterilization services require significant space, equipment, and manpower and so these departments are best for manufacturers with high output. Currently, heat and EtO are widely-used techniques in on-site settings. However, most novel materials used in medical devices are prone to deterioration by heat, limiting the use of such techniques in these settings.
End-use Insights 
By end use, the market is segmented into hospitals, pharmaceuticals, medical device companies, clinical laboratories/research centers, and others, which includes food and beverage companies. The hospitals segment dominated the U.S. sterilization services market in 2016 and is expected to retain its position throughout the forecast period.

  
Increasing prevalence of hospital-acquired infections, surge in number of surgical procedures performed, and constantly expanding patient pool are prime factors driving this segment.
U.S. Sterilization Services Market Share Insights
Currently, the global industry is consolidated in nature with only a few top companies capturing the major share. Some of the leading players are STERIS Corporation; Getinge Group; and Advanced Sterilization Products Services, Inc. Other prominent companies include 3M, Belimed, Cantel Medical, MATACHANA GROUP, Sterigenics International LLC, and TSO3.

Key Insights Covered: Global United States (USA) Sterilization Services2018-2025 Market
1.  Market size (sales, revenue and growth rate) of United States (USA) Sterilization Services2018-2025 industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of United States (USA) Sterilization Services2018-2025 industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of United States (USA) Sterilization Services2018-2025 industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of United States (USA) Sterilization Services2018-2025 industry.

Research Methodology: United States (USA) Sterilization Services2018-2025 Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
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