STERILIZATION SERVICES MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


Sterilization Services Market Analysis:

The sterilization services market is anticipated to exhibit a compound annual growth rate (CAGR) of 6.0% during the forecast period. The growth of this market has been impacted by the COVID-19 pandemic, which has highlighted the importance of sterilization in preventing the spread of the virus. Sanitizers and disinfectants have been identified as crucial preventative measures to sterilize surfaces and equipment against coronavirus infection. The shortage of filtering facepiece respirators has led to the adoption of different decontamination methods, including gamma-irradiation (GIR), vapor hydrogen peroxide (VHP), ultraviolet germicidal irradiation (UVGI), and moist heat. The Centers for Disease Control and Prevention (CDC) has released emergency guidelines on N95 decontamination methods, indicating that these methods have shown promising results in decontaminating respirators. These developments have increased the adoption of sterilization methods in hospital settings, thereby boosting the market growth. Additionally, factors such as increased hospital-acquired infections, technological advancements in sterilization agents and equipment, and growing awareness regarding cleanliness across all facilities are expected to further drive the market growth in the next 3–4 years.

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