PUNE, India, October 24, 2017 /PRNewswire/ -- According to a new market research report "Sterilization Services Market by Method (Steam, Ethylene Oxide, Gamma, E-beam), Type (Contract Sterilization Services, Validation Services), End User (Hospitals and Clinics, Food and Beverage, Pharmaceuticals), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the global market is expected to reach USD 3.31 Billion by 2022 from USD 2.39 Billion in 2017, at a CAGR of 6.7%.

Browse 105 Market Data Tables and 36 Figures spread through 183 Pages and in-depth TOC on "Sterilization Services Market"

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Factors driving market growth include the increasing incidence of HAIs, rising number of surgical procedures owing to the rapidly growing geriatric population, and increasing incidence of chronic disorders across the globe. In addition, the increasing outsourcing of sterilization processes by medical device manufacturers and outsourcing of hospitals sterile departments to reduce healthcare costs are further increasing the demand for sterilized services. Moreover, factors such as the carcinogenic nature of ethylene oxide and difficulty in the sterilization of advanced medical instruments are limiting the growth of this market to a certain extent.

By method, the ethylene oxide (EtO) segment dominated the Sterilization Services Market in 2016

On the basis of sterilization methods, the Sterilization Services Market is segmented into ethylene oxide sterilization, gamma sterilization, electron beam sterilization, steam sterilization, and other sterilization methods. In 2016, EtO sterilization segment accounted for the largest share of the Sterilization Services Market. The EtO sterilization segment will continue to dominate the Sterilization Services Market, mainly due to the large number of EtO sterilization service providers across the globe and various advantages offered by this method such as wide material compatibility, ease of penetration into narrow lumen, and large sterilizing volume/chamber capacity.

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Based on type, the contract sterilization services segment accounted for the largest share of the market in 2016

Based on the type, the Sterilization Services Market is segmented into contract sterilization services and sterilization validation services. In 2016, contract sterilization services accounted for the largest share of the Sterilization Services Market. The large share of this segment is attributed to the growing preference for contract sterilization services by medical device companies and increasing outsourcing by sterile processing departments (SPDs)/central sterile supply departments (CSSDs) in hospitals to specialized third-party vendors in order to reduce in-house costs related to sterilization.

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