The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Offsite Sterilization Service Global Market Report 2024, the offsite sterilization service market is expected to show promising growth in the forecast period.

Market Growth Overview

• The offsite sterilization service market has seen robust growth in recent years.
  • Market size increased from $2.22 billion in 2023 to $2.39 billion in 2024.
  • Achieved a compound annual growth rate (CAGR) of 7.6%.
  • Key drivers: economic growth, industrialization, changing consumer preferences, regulatory changes, technological advancements, globalization, and supply chain dynamics.

Future Market Projections

• The market is expected to continue its strong growth trajectory.
  • Projected to reach $3.06 billion in 2028 at a CAGR of 6.4%.
  • Growth drivers: sustainability initiatives, e-commerce growth, urbanization, health and safety concerns, customization, and personalization.

Major Trends in the Forecast Period

• Increasing 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.

View More On The Offsite Sterilization Service Market Report 2024 – https://www.thebusinessresearchcompany.com/report/offsite-sterilization-service-global-market-report

HAIs Driving Demand for Effective Offsite Sterilization Services

• Hospital-acquired infections (HAIs) are propelling the growth of offsite sterilization services.
  • HAIs are infections acquired during healthcare treatment in hospitals or other facilities.
  • Offsite sterilization services implement measures to minimize infection risks and enhance patient safety.
  • Example: In Australia, hospitals recorded 1,546 Staphylococcus aureus bloodstream infections (SABSI) over 21.1 million patient care days in 2021-22.

Key Market Players

• Major companies in the market include:
  • 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
  • Noxilizer Inc.
  • Blue Line Sterilization Services LLC

Enhancing Efficiency in Hospital Settings with Latest Sterilization Technology

• Companies are developing innovative facilities to improve efficiency and profitability.
  • Example: Innovative Sterilization Technologies LLC launched ONE TRAY Total Solution for its new offsite sterilization facility.
  • This system enhances surgical instrument sterilization efficiency, particularly for high-turnover instruments in hospitals and ambulatory surgical centers.
  • Features a unique filtration system for steam penetration and sterility maintenance for up to 48 hours.

Steris PLC Expands Portfolio with Acquisition of Cantel Medical Corporation

• In June 2021, Steris PLC acquired Cantel Medical Corporation.
  • The acquisition allows Steris to offer a broader range of infection prevention and procedural products and services.
  • Cantel Medical Corporation specializes in offsite sterilization products and services.

Market Segmentation

• By Type: Contract Sterilization Services, Sterilization Validation Services.
• By Service Technology: Ethylene Oxide Sterilization, Gamma Sterilization, Electron Beam Sterilization, Steam Sterilization, No2 Sterilization, Other Service Technologies.
• By End User: Hospitals, Clinics, Medical Device Companies, Pharmaceutical Companies, Food and Beverage Companies, Academic and Research Institutes, Other End Users.

Regional Insights

• North America was the largest region in the offsite sterilization service market in 2023.
• Continued growth is expected, driven by technological advancements and increased healthcare infrastructure investments.

The offsite sterilization service market is set for significant growth, driven by the increasing prevalence of HAIs, technological advancements, and strategic acquisitions. As the demand for efficient and effective sterilization solutions continues to rise, the market will play a crucial role in enhancing healthcare safety and operational efficiency.

Request A Sample Of The Global Offsite Sterilization Service Market Report 2024:
https://www.thebusinessresearchcompany.com/sample_request?id=13892&type=smp