The Asia Pacific sterilization services market was valued at US$ 682.94 million in 2022 and is expected to reach US$ 1,316.89 million by 2030; it is estimated to grow at a CAGR of 8.6% from 2022 to 2030.
Medical devices and equipment are essential tools used to monitor patients. Sterilization is one of the crucial steps in the medical device manufacturing process. The sterilization modality varies based on material compatibility, process availability, processing location, physical device attributes, regulatory approval, cost, and regulatory registration within the countries. The sterilization of medical devices is vital during manufacturing as well as usage. Inappropriate device sanitization can cause health risks and difficulties in getting market clearance from regulatory bodies such as the FDA. Further, healthcare organizations are required to properly manage sterilization to ensure the safety of patients. Thus, the growing medical device industry is expected to offer lucrative opportunities to the key players in the sterilization services market.
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Based on mode of delivery, the Asia Pacific sterilization services market is bifurcated into offsite sterilization services market and onsite sterilization services market. The offsite sterilization services market segment held a larger share in 2022.
By method, the Asia Pacific sterilization services market is segmented into ethylene oxide, chlorine dioxide, gamma ray, electron beam, autoclave steam, and others. The ethylene oxide segment held the largest share in 2022.
In terms of service type, the Asia Pacific sterilization services market is categorized into contract sterilization and microbial reduction services, testing and validation services, equipment, and others. The contract sterilization and microbial reduction services segment held the largest share in 2022.
Based on end user, the Asia Pacific sterilization services market is segmented into medical device companies, pharmaceutical and biopharmaceutical companies, food and beverage, hospitals and clinics, and others. The medical device companies market segment held the largest share in 2022.
Based on country, the Asia Pacific sterilization services market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific sterilization services market in 2022.
China Biotech Corporation, Microtrol Sterilisation Services Pvt Ltd, Sotera Health Company, and Steris Plc are some of the leading companies operating in the Asia Pacific sterilization services market .
Reasons to Buy
Growing Medical Device Industry Fuels the Asia Pacific Sterilization Services Market
The medical device industry is projected to experience significant growth owing to constant technological advancements. The rising need for better healthcare facilities has encouraged developing economies to focus on technology-enabled healthcare solutions. The increase in the elderly population, cases of chronic illnesses, and pediatric care have also surged the demand for advanced healthcare facilities. Additionally, top revenue-generating medical device companies are investing significantly in the R&D of advanced technologies and sterilization services.Medical devices and equipment are essential tools used to monitor patients. Sterilization is one of the crucial steps in the medical device manufacturing process. The sterilization modality varies based on material compatibility, process availability, processing location, physical device attributes, regulatory approval, cost, and regulatory registration within the countries. The sterilization of medical devices is vital during manufacturing as well as usage. Inappropriate device sanitization can cause health risks and difficulties in getting market clearance from regulatory bodies such as the FDA. Further, healthcare organizations are required to properly manage sterilization to ensure the safety of patients. Thus, the growing medical device industry is expected to offer lucrative opportunities to the key players in the sterilization services market.
Asia Pacific Sterilization Services Market Overview
The Asia Pacific sterilization services market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. The factors contributing to the growth of the sterilization services market in the region are the increased number of hospitals and the growth of the healthcare sector. Countries such as Japan and China are estimated to serve various growth opportunities due to the rise in cases of hospital-acquired infections. In China, the sterilization services market is anticipated to grow considerably due to the rise in cases of hospital-acquired infections. Chinese scientists have termed hospital-acquired diseases "a prominent public health concern" and "a major problem for patient safety. " The wards in hospitals are considered to be the breeding ground for microbial pathogens. Many of these pathogens are antibiotic-resistant superbugs, which makes the treatment of these infections comparatively more painful and expensive. These recent events in the country are anticipated to offer considerable growth opportunities for the market growth of sterilization services during the forecast period.Asi
a Pacific Sterilization Services Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Sterilization Services Market Segmentation
The Asia Pacific sterilization services market is segmented based on mode of delivery, method, service type, end user, and country.Based on mode of delivery, the Asia Pacific sterilization services market is bifurcated into offsite sterilization services market and onsite sterilization services market. The offsite sterilization services market segment held a larger share in 2022.
By method, the Asia Pacific sterilization services market is segmented into ethylene oxide, chlorine dioxide, gamma ray, electron beam, autoclave steam, and others. The ethylene oxide segment held the largest share in 2022.
In terms of service type, the Asia Pacific sterilization services market is categorized into contract sterilization and microbial reduction services, testing and validation services, equipment, and others. The contract sterilization and microbial reduction services segment held the largest share in 2022.
Based on end user, the Asia Pacific sterilization services market is segmented into medical device companies, pharmaceutical and biopharmaceutical companies, food and beverage, hospitals and clinics, and others. The medical device companies market segment held the largest share in 2022.
Based on country, the Asia Pacific sterilization services market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific sterilization services market in 2022.
China Biotech Corporation, Microtrol Sterilisation Services Pvt Ltd, Sotera Health Company, and Steris Plc are some of the leading companies operating in the Asia Pacific sterilization services market .
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific sterilization services market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific sterilization services market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Asia Pacific Sterilization Services Market Landscape
5. Asia Pacific Sterilization Services Market - Key Industry Dynamics
6. Sterilization Services Market - Asia Pacific Market Analysis
7. Asia Pacific Sterilization Services Market - Revenue and Forecast to 2030 - by Mode of Delivery
8. Asia Pacific Sterilization Services Market - Revenue and Forecast to 2030 - by Method
9. Asia Pacific Sterilization Services Market - Revenue and Forecast to 2030 - by Service Type
10. Asia Pacific Sterilization Services Market - Revenue and Forecast to 2030 - by End User
11. Asia Pacific Sterilization Services Market - Revenue and Forecast to 2030 - Country Analysis
12. Asia Pacific Sterilization Services Market-Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Companies Mentioned
- Azbil Telstar SLU
- Contract Laboratory LLC
- Sotera Health Company
- Steris Plc
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 85 |
| Published | February 2024 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 682.94 Million |
| Forecasted Market Value ( USD | $ 1316.89 Million |
| Compound Annual Growth Rate | 8.6% |
| Regions Covered | Asia Pacific |
| No. of Companies Mentioned | 4 |
