U.S. Sterilization Services Market Poised for Steady Growth in the Future

U.S. Sterilization Services Industry Overview

The U.S. sterilization services market size to be valued at USD 2.72 billion by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2018 to 2025. The rise in prevalence of chronic diseases and various initiatives taken by the government to ensure the 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 the increasing demand for food supply and the introduction of exotic fruits and vegetables, stricter norms have been introduced to ensure the 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.

Gather more insights about the market drivers, restrains and growth of the U.S. Sterilization Services Market

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 mean a greater need for new sterility testing methods, compelling innovative market players to spend more on similar solutions, thereby driving the market. With the 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 mergers 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.

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U.S. Sterilization Services Market Segmentation

This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2012 to 2025. For this study, Grand View Research has segmented the U.S. sterilization services market report based on 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 Companies & 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.

Recent Developments

• In March 2023, Getingeacquired Ultra Clean Systems Inc., a leading US manufacturer of ultrasonic cleaning technologies used in hospitals and surgery centers to decontaminate surgical instruments.
• In February 2021, TERIS plc announced the completion of the previously disclosed purchase of Cantel Medical, a leading supplier of infection-control products and services to customers in the endoscope, oral, dialysis, and biomedical sectors. The acquisition will expand and complement STERIS' product offerings, international presence, and customer base.

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