Offsite Sterilization Service Market Outlook 2024: Exclusive Report By The Business Research Company | Schneider Electric SE , Stryker Corporation , Terumo BCT Corporation , Steris plc , Andersen Scientific Inc.

"The Business Research Company has released its latest global market reports, covering insights for 2024 and offering projections up to 2033.

The Business Research Company presents an extensive market research report on the Offsite Sterilization Service Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

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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Key Market Players:

Major companies operating in the offsite sterilization service market report are 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

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.

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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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