2024 Irradiation Sterilization Services Market Analysis: Market Size, Key Drivers, and Segment Insights
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What is the Expected Growth Rate of the Irradiation Sterilization Services Market from 2024 to 2033?
The irradiation sterilization services market has grown rapidly, anticipated to rise from $2.34 billion in 2023 to $2.65 billion in 2024, with a CAGR of 13.1%. This growth can be attributed to the expansion of the medical industry, regulatory standards, technological innovations, and concerns about food safety.
The irradiation sterilization services market is forecasted to grow significantly, reaching $4.39 billion by 2028 at a CAGR of 13.5%. Growth factors include rising healthcare expenditure, pharmaceutical sector expansion, and increased food safety awareness. Key trends involve advanced technology adoption, geographical expansion, and customized sterilization solutions.
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What Key Factors Are Fueling the Growth of the Irradiation Sterilization Services Market?
The growing occurrence of healthcare-associated infections is expected to enhance the growth of the irradiation sterilization services market. Healthcare-associated infections (HAIs) are infections patients acquire while receiving medical treatment, often due to antibiotic resistance, insufficient infection control, and complex medical procedures. Irradiation sterilization services help mitigate HAIs by ensuring that medical instruments and surfaces are devoid of harmful microorganisms. For instance, in August 2023, Nuffield Trust Limited reported increases in Escherichia coli and Clostridioides difficile infections from 6,544 and 4,254 in 2021 to 7,070 and 5,344 in 2022. Therefore, the rise in HAIs is driving the growth of the irradiation sterilization services market.
What Are the Major Segments of the Irradiation Sterilization Services Market?
1) By Type: Onsite Sterilization Services, Offsite Sterilization Services
2) By Technology: Gamma Irradiation, X-Ray Irradiation, E-Beam Irradiation
3) By Application: Medical Instruments, Drug, Food And Laboratory, Other Applications
What New Trends Are Transforming the Irradiation Sterilization Services Market?
Companies in the irradiation sterilization services market are innovating with cloud-based disinfection technology solutions to improve disinfection processes in facilities. For example, in April 2021, Unimech Healthcare, an India-based provider of air and surface purification solutions, introduced UniClean, a cloud-based system using ultraviolet germicidal irradiation (UVGI) for sterilization, providing real-time monitoring and data analytics.
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Which Regions Are Driving Growth in the Irradiation Sterilization Services Market?
North America was the largest region in the irradiation sterilization services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the irradiation sterilization services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Irradiation Sterilization Services Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the irradiation sterilization services market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Irradiation Sterilization Services Market Include
1. Irradiation Sterilization Services Market Executive Summary
2. Irradiation Sterilization Services Market Segments
3. Irradiation Sterilization Services Market Size And Template Market Growth Rate
4. Key Irradiation Sterilization Services Market Trends
5. Major Irradiation Sterilization Services Market Drivers
……
25. Key Mergers And Acquisitions In The Irradiation Sterilization Services Market
26. Top Irradiation Sterilization Services Companies
27. Irradiation Sterilization Services Market Opportunities And Strategies
28. Irradiation Sterilization Services Market, Conclusions And Recommendations
29. Appendix
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