
Published On: Jan 2024
Published On: Jan 2024
At 8.2% CAGR, the North America Sterilization Services Market is projected to be worth US$ 2,520.87 million by 2030, says Business Market Insights
According to Business Market Insights’ research, the North America sterilization services market was valued at US$ 1,344.51 million in 2022 and is expected to reach US$ 2,520.87 million by 2030, registering a CAGR of 8.2% from 2022 to 2030. Increasing prevalence of healthcare-associated infections and growing number of surgical procedures are the critical factors attributed to the North America sterilization services market expansion.
Surgical care is essential for treating diverse health conditions such as injuries, malignancy, infections, and cardiovascular diseases. Most medical and surgical devices used in healthcare facilities need to be sterilized to avoid life-threatening infections. As per an article published in 2020 by John Wiley & Sons, Inc., globally over 313 million patients undergo surgical procedures yearly. An increasing number of surgeries and hospital-associated infections are facilitating the importance of sterilization services in the healthcare domain. The most common surgical procedures include cesarean, orthopedic processes (hip and knee replacement), neurosurgical procedures, and intra-abdominal procedures. Increasing road fatalities and congenital disabilities have also intensified the number of surgeries performed worldwide. As per the CDC, nearly 120,000 newborns are affected by congenital disabilities each year in the US. Moreover, according to the American Society for Aesthetic Plastic Surgery, ~15.6 million cosmetic surgical and minimally invasive procedures were performed in 2020. As per the American Society of Plastic Surgeons, an increase of 131% in cosmetic procedures was noted from 2000 to 2020. Moreover, in 2020, the total surgical procedures accounted for a 22% increase, while minimally invasive procedures increased by 174%. Medical devices that come into contact with body tissues or fluids and instrument items, including surgical instruments, biopsy forceps, and implanted medical devices, are considered critical. These items should be sterile when used, as microbial contamination could result in disease transmission. Thus, the increasing number of surgeries is driving the North America sterilization services market.
On the contrary, stringent regulation regarding chemical emission hampers on the growth of North America sterilization services market.
Based on mode of delivery, the North America sterilization services market is bifurcated into offsite sterilization services and onsite sterilization services. The offsite sterilization services segment held 59.4% market share in 2022, amassing US$ 799.20 million. It is projected to garner US$ 1,477.65 million by 2030 to expand at 8.0% CAGR during 2022–2030.
Based on method, the North America sterilization services market is divided into ethylene oxide, chlorine dioxide, gamma ray, electron beam, autoclave steam, and others. The ethylene oxide segment held 31.2% share of North America sterilization services market in 2022, amassing US$ 419.53 million. It is projected to garner US$ 759.76 million by 2030 to expand at 7.7% CAGR during 2022–2030.
Based on service type, the North America sterilization services market is segmented into contract sterilization and microbial reduction services, testing and validation services, equipment, and others. The contract sterilization and microbial reduction services segment held 40.8% share of North America sterilization services market in 2022, amassing US$ 548.07 million. It is projected to garner US$ 1,063.79 million by 2030 to expand at 8.6% CAGR during 2022–2030.
Based on end user, the North America sterilization services market is divided into medical device companies, pharmaceutical and biopharmaceutical companies, food and beverage, hospitals and clinics, and others. The medical device companies segment held 45.7% share of North America sterilization services market in 2022, amassing US$ 614.75 million. It is projected to garner US$ 1,192.77 million by 2030 to expand at 8.6% CAGR during 2022–2030.
Based on country, the North America sterilization services market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 80.4% share of North America sterilization services market in 2022. It was assessed at US$ 1,081.24 million in 2022 and is likely to hit US$ 2,048.22 million by 2030, exhibiting a CAGR of 8.3% during 2022–2030.
Key players operating in the North America sterilization services market are Boulder Sterilization, ClorDiSys Solutions Inc, Consolidated Sterilizer Systems, Cosmed Group, Cretex Medical, E-BEAM Services Inc, Life Science Outsourcing Inc., Midwest Sterilization Corporation, Sotera Health Company, and Steris Plc, among others.
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