Global Terminal Sterilization Services Market by Product, by End-User, and By Region

The global terminal sterilization services market size was estimated to be USD 12.13 billion in 2023 and is expected to reach USD 37.90 billion by 2034 with a CAGR of 10.91% during the forecast period 2024-2034. The market will expand due to factors such as the growing prevalence of chronic diseases, the emphasis on preventing hospital-acquired infections (HAIs), the advancement of technology, and the expansion of the medical device industry.

Healthcare institutions are compelled to emphasize sterility due to tighter laws and increased public awareness of HAIs. Through lowering the danger of infections, terminal sterilization services offer a high degree of sterility assurance. Additional choices for heat-sensitive materials are provided by the development of novel sterilizing techniques such as vapor-phase hydrogen peroxide and low-temperature hydrogen peroxide plasma. For instance, Steris Corporation introduced the CS900 Neo Gamma Irradiation Sterilization System in July 2023, which provides enhanced efficiency and throughput for high-volume operations.

By product, the irradiation segment accounted for the highest revenue-grossing segment in the global terminal sterilization services market in 2023 owing to the advanced technology, increased adoption, and its effectiveness in achieving reliable sterilization. For instance, in December 2023, Sotera Health partnered with E-BEAM Services to provide more extensive e-beam sterilization services across North America. Additionally, the other methods segment is predicted to grow at the fastest CAGR during the forecast period owing to the continuous innovation in sterilization technologies, heightened focus on sustainability, and the need for diverse and specialized applications.

By end-user, the hospitals & clinics segment accounted for the highest revenue-grossing segment in the global terminal sterilization services market in 2023 owing to the increased demand for sterile medical equipment, rising surgical procedures, and a heightened focus on infection control measures within healthcare settings. For instance, in August 2023, Cantel Medical Corp. received FDA certification for its low-temperature hydrogen peroxide plasma system, called STERRAD NX Sterilizer. Additionally, the medical device companies segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing outsourcing of sterilization services, a rising number of medical device innovations, and stringent regulatory requirements driving the need for specialized sterilization expertise.

North American region is anticipated to have the highest revenue share during the forecast period owing to the robust healthcare infrastructure, stringent regulatory standards, and a high prevalence of medical procedures driving the demand for terminal sterilization services. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the increasing healthcare investments, rising awareness of infection control, and the expanding pharmaceutical and biotechnology sectors. For instance, E-BEAM Services received FDA permission in July 2023 to use their e-beam technology to sterilize specific medical devices.

This comprehensive research report focuses on the global and regional market size and forecasts from 2023 to 2034.

Report Scope:

• Base Year: 2023
• Forecast Period: 2024-2034
• Study Coverage
• Market Forecast by Product, and End-User
• Market Forecast for 5 Regions and 17+ Countries
• North America (U.S. and Canada)
• Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
• Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
• Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
• MEA (South Africa, GCC, Rest of MEA)
• Exhaustive Company Profiles of the Top 10+ Major Market Players
• 20% Free Customization Available to Meet Your Exact Requirement.

Segmentation: Terminal Sterilization Services Market Report 2023 - 2034

Terminal Sterilization Services Market Analysis & Forecast by Product 2023 - 2034 (Revenue USD Bn)

• Ethylene Oxide
• Irradiation
• Moist Heat Terminal Sterilization
• Other Methods

Terminal Sterilization Services Market Analysis & Forecast by End-User 2023 - 2034 (Revenue USD Bn)

• Hospitals & Clinics
• Medical Device Companies
• Pharmaceutical & Biotechnology Companies
• Others

Terminal Sterilization Services Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• UK
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of APAC
• Latin America
• Brazil
• Mexico
• Argentina
• Rest of LATAM
• Middle East & Africa
• South Africa
• GCC
• Rest of MEA