The global terminal sterilization services market is anticipated to grow at a CAGR of around 6.1% during the forecast period (2024-2031). The global terminal sterilization services market is majorly driven by the major players operating in the global market and strategies such as mergers and acquisition, new product launches, partnership collaborations, and business expansions, by them. For instance, in January 2021, STERIS PLC has signed a definitive agreement to acquire Cantel Medical Corp, through a U.S. subsidiary for $3.6 billion. Cantel is a global provider of infection prevention products and services primarily to endoscopy and dental Customers. Through this acquisition, STERIS PLC has expanded its vast portfolio of sterilization services. Further, in August 2020, Sotera Health’s Inc. acquired Canadian-based Iotron Industries. The acquisition expands the company’s electron beam (EBeam) footprint and adds new expertise to its Sterigenics business.
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Moreover, in March 2021, Sterigenics S.A.S., a subsidiary of Sotera Health Co., expanded its ethylene oxide (EO) facility located in Rantigny, France to increase European sterilization capacity. With this expansion, the company increases its Rantigny facility’s total sterilization throughput and diversifies its capabilities with the addition of a 32-pallet chamber. Hence, considering these aforementioned strategies adopted by key players operating in the market, considerable growth can be expected during the forecast period.
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Market Coverage
- Segment Covered-
o By Method
o By Type
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Advanced Sterilization Products Services, Inc., Avantti Medi Clear, Belimed AG, BGS Beta-Gamma-Service GmbH & Co. KG, Cantel Medical Corp, E-BEAM Services, Inc., Getinge Group, Matachana Group, Medistri SA, MMM Group, Noxilizer, Inc, Sotera Health Co., Steris PLC, Stryker Corp, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Terminal Sterilization Services Market Report Segment
By Method
- Ethylene Oxide (ETO) Sterilization
- Gamma Sterilization
- Steam Sterilization
- Electron Beam Radiation Sterilization
- X-ray
By Type
- Contract Sterilization Services
- Sterilization Validation Services
By End-User
- Hospitals & Clinics
- Pharmaceutical & Biotechnology Industry
- Medical Device Companies
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