Fact.MR – A Market Research and Competitive Intelligence Provider: According to a recent study by Fact.MR, the global terminal sterilization market is estimated to exhibit positive growth in the forecast period 2021 to 2031.
COVID-19 Induced Terminal Sterilization Demand Uptick to Continue as Cases of Chronic Ailments Surge Globally
The market research survey conducted by Fact.MR presents a deep-dive assessment of key factors affecting the pace of the terminal sterilization market growth. The report also discloses insights into terminal sterilization demand outlook in terms of sterilization type, technology, and end user during the assessment period
Fact.MR – A Market Research and Competitive Intelligence Provider: According to a recent study by Fact.MR, the global terminal sterilization market is estimated to exhibit positive growth in the forecast period 2021 to 2031. The market is largely driven by the increasing prevalence of chronic & infectious diseases such as autoimmune diseases, diabetes, cancer, and others across the globe.
In the recent past the incidence of autoimmune diseases and cancer has increased substantially. Prevalence of contagious diseases and COVID-19 across the globe has increased the demand for terminal sterilization.
According to a report by the American Cancer Society, around 1.9 million new cancer cases were diagnosed and 608,570 cancer deaths were reported in the U.S. Along with this, increasing cases of COVID-19, especially in India, have increased the need for terminal sterilization worldwide.
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Hospitals, pharmacies, and healthcare facilities require repeated sterilization and disinfection to decrease the risk of infections. With growing need for sterilization across the globe, the market will register lucrative growth opportunities over the next decade, estimates Fact.MR.
“Key companies are increasing the manufacturing of sterilization equipment owing to the surge in need for terminal sterilization due to unprecedented outbreak of COVID-19. Their expansion strategies are expected to aid growth registered by the market in the coming years,” says the Fact.MR analyst.
Key Takeaways from Terminal Sterilization Market Analysis
- Based on sterilization type, ethylene oxide is expected to dominate the segment owing to wide-array benefits offered by this method such as simple penetration, broad material compatibility, and large sterilization volume
- Pharmaceutical companies are expected to be the primary end-users backed by the increasing research & development activities
- The U.K. and Germany are expected to be the most lucrative market of Europe’s terminal sterilization market owing to the adaption of the aseptic environment in the healthcare facilities
- The U.S. will remain one of the largest market for terminal sterilization throughout the course of the forecast period owing to the high prevalence of leading companies
- Canada and India are expected to emerge as potential market backed by the increasing prevalence of chronic diseases in the country
Key Drivers
- Increasing prevalence of hospital-acquired infections is expected to drive the growth of terminal sterilization market
- Growing cases of surgical procedures and focus on sterilization and disinfection of medical equipment to improve the growth
- Expansion of pharmaceutical and biotechnology industries will aid the growth during the forecast period
- Increasing outsourcing of terminal sterilization services will propel the growth in the next 10 years
Key Restraints
- Non-compliance to sterilization standards and stringent regulations against terminal sterilization is likely to impede the demand
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Competitive Landscape
Presence of numerous established companies has led to market consolidation, estimates Fact.MR. Key companies are investing heavily in manufacturing facilities across the globe to establish their footprints globally.
Some of the leading players are focusing on mergers and acquisitions to strengthen their position in the industry. For instance,
- In April 2021, MediZAP, North America’s leading provider of e-beam terminal sterilization for compounded pharmaceuticals announced its partnership with Analytical Lab Group, which is now a part of Element Materials Technology, to offer sterile compounding testing services, analytical chemistry, and for pharmaceutical clients.
- In March 2021, Sterigenics SAS, a subsidiary of Sotera health and global leader in comprehensive sterilization services, announced the expansion of its ethylene oxide facility located in France o increase European sterilization capacity.
- In April 2021, Advanced Sterilization Products announced that the Sterrad Velocity Biological Indicator/Process Challenge Devices 15-minute time to result will be available commercially in Asia Pacific from 25th August 2021.
Some of the prominent players in the terminal sterilization market profiled by Fact.MR are:
- Johnson and Johnson
- DuPont
- Steris Plc
- Getinge Group
- Advanced Sterilization Products Services Inc.
- 3M
- Belimed
- Cantel Medical
- Matachana Group
- Sterigenics International LLC
- Olympus Corp
- TSO3
- Celitron
- MMM Group
- Fedegari Group.
More Valuable Insights on Terminal sterilization Market
Fact.MR, in its new report, offers an unbiased analysis of the global terminal sterilization market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in the terminal sterilization market with detailed segmentation:
By Sterilization Type:
- Ethylene Oxide
- Irradiation
- Moist Heat Sterilization
- Vaporized Hydrogen Peroxide
By Technology:
- Gravity
- Vacuum
- Steam
- Forced convention
- Natural convention
By End User:
- Gravity
- Vacuum
- Steam
- Forced convention
- Natural convention
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
Key Questions Covered in the Terminal Sterilization Market Report
- The report offers insight into terminal sterilization demand outlook for 2021-2031
- The market survey also highlights projected sales growth for the terminal sterilization market between 2021 and 2031
- Terminal sterilization market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
- Terminal sterilization market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others.
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Source: Fact.MR