U.S. Sterilization Services Market to Hit Around USD 5.22 Billion by 2033
The U.S. sterilization services market size was exhibited at USD 1.85 billion in 2023 and is projected to hit around USD 5.22 billion by 2033, growing at a CAGR of 10.93% during the forecast period 2024 to 2033.
Download Free Sample Copy for Better Understanding@ https://www.novaoneadvisor.com/report/sample/8904
U.S. Sterilization Services Market Key Takeaways:
The market growth is influenced by several key drivers, including the growing demand for infection control in healthcare settings, the rise in surgical procedures and medical device use, increasing regulatory requirements, and technological advancements in sterilization methods. For instance, in August 2024, PENTAX Medical announced that the DEC Duodenoscope (ED34-i10T2s) received FDA clearance for compatibility with the STERRAD 100NX Sterilizer.?
The surge in surgical procedures is a significant driver for the market growth. According to a recent study, over 900,000 cardiac surgeries are performed annually in the U.S., with forecasts indicating this number will rise to 1.3 million by 2029. The U.S. cardiac surgery market is expanding rapidly due to an increase in various underlying procedures. These procedures require the sterilization of medical equipment and devices, driving demand for effective sterilization services.
The growing geriatric population is another key driver of the sterilization services market. As the population ages, the demand for healthcare services, including surgical procedures, is expected to increase. This trend likely drives the need for effective sterilization of medical equipment and devices, contributing to the growth of the U.S. market.
With an increasing emphasis on preventing hospital-acquired infections (HAIs) and ensuring patient safety, healthcare facilities are investing more in rigorous sterilization practices. According to a 2023 report from the Centers for Disease Control and Prevention (CDC), about 1 in 31 hospital patients are affected by healthcare-associated infections (HAIs) daily, highlighting the urgent necessity for effective sterilization methods to reduce these risks. This growing concern has driven healthcare providers to seek comprehensive sterilization services to maintain high hygiene and safety standards.
U.S. Sterilization Services Market By Service Type Insights
The contract sterilization services segment accounted for the largest revenue share of 70.29% in 2023 due to several key drivers, including the increasing demand for outsourcing sterilization processes by healthcare and pharmaceutical companies, which allows them to focus on core competencies while ensuring compliance with stringent regulatory standards. In addition, advancements in sterilization technologies, such as ethylene oxide (EtO) and gamma radiation, enhance efficiency and effectiveness, further propelling market growth.
Moreover, the contract sterilization services segment is anticipated to experience the fastest CAGR over the forecast period. The rise in healthcare-associated infections (HAIs) heightened awareness of infection control measures, leading hospitals and clinics to seek reliable sterilization partners. Furthermore, the growing trend of outsourcing non-core functions allows businesses to reduce operational costs while maintaining high-quality standards. Innovations between major medical device manufacturers and contract sterilizers exemplify this trend, showcasing how companies leverage external expertise to meet regulatory demands and improve product safety.
U.S. Sterilization Services Market By Delivery Mode Insights
The offsite segment dominated the market with a share of 68.0% in 2023, driven by the increasing demand for outsourced sterilization services from healthcare facilities. This trend is largely attributed to the growing need for efficient and cost-effective solutions that allow hospitals and clinics to focus on core medical services while outsourcing sterilization processes. Factors such as stringent regulatory requirements, advancements in sterilization technologies, and the rising prevalence of healthcare-associated infections (HAIs) have further propelled the growth of this segment.
The offsite model is expected to grow at the fastest CAGR over the forecast period due to its associated benefits and cost-efficiency. Maintaining and operating an in-house sterilization facility can be capital-intensive and resource-heavy. Organizations can avoid these significant investments and operational costs by outsourcing to offsite sterilization services while ensuring high-quality sterilization outcomes. This trend is particularly beneficial for smaller facilities or those experiencing fluctuating demand, as it allows them to access state-of-the-art sterilization technologies without the financial burden of maintaining such systems internally. The increasing adoption of offsite services is also driven by the need for space optimization and a focus on core healthcare functions, further accelerating the segment's growth.
U.S. Sterilization Services Market Recent Developments
Some of the prominent players in the U.S. sterilization services market include:
Reasons to Purchase this Report
Segments Covered in the Report
This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the U.S. sterilization services market
Service Type
Delivery Mode
Quick Buy This Premium Report From Here: https://www.novaoneadvisor.com/report/checkout/8904 ?
Access our Premium Real Time Data Intelligence Tool, Visit: www.precedencestatistics.com
You can place an order or ask any questions, please feel free to [email protected] | +1 9197 992 333
About US
Nova One Advisor is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Nova One Advisor has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.
Connect with Us
Address: Apt 1408 1785 Riverside Drive Ottawa, ON, K1G 3T7, Canada
IND Address: 2nd Floor,Shreeleela Plaza, Baner Road, Pune, Maharashtra - 411045
Call: USA - +1 650 460 3308 | IND - +91 87933 22019
领英推荐
Nova One Advisor Group Offer Other Reports:
Cell Therapy Market Size and Forecast:?The global?cell therapy market size was exhibited at USD 4.85 billion in 2023 and is projected to hit around USD 37.42 billion by 2033, growing at a CAGR of 22.67% during the forecast period 2024 to 2033.
Gene Therapy Market Size and Forecast?:?The global?gene therapy market size was exhibited at USD 8.75 billion in 2023 and is projected to hit around USD 52.40 billion by 2033, growing at a CAGR of 19.6% during the forecast period 2024 to 2033.
Cell And Gene Therapy Manufacturing Market Size and Forecast:?The global?cell and gene therapy manufacturing market size was estimated at USD 9.95 billion in 2023 and is projected to hit around USD 106.03 billion by 2033, growing at a CAGR of 26.7% during the forecast period from 2024 to 2033.
Cell and Gene Therapy Market?Size and Forecast:?The global?cell and gene therapy market size was estimated at USD 18.13 billion in 2023 and is projected to hit around USD 97.33 billion by 2033, growing at a CAGR of 18.3% during the forecast period from 2024 to 2033.
U.S. Cell Therapy Market Size and Forecast:?The?U.S. cell therapy market size was estimated at USD 2.88 billion in 2023 and is projected to hit around USD 19.67 billion by 2033, growing at a CAGR of 21.18% during the forecast period from 2024 to 2033.
U.S. Gene Therapy Market Size and Forecast:?The?U.S. gene therapy market size ?was estimated at USD 3.19 billion in 2023 and is projected to hit around USD 18.50 billion by 2033, growing at a CAGR of 19.22% during the forecast period from 2024 to 2033.
T-cell Therapy Market Size and Forecast:?The global?T-Cell therapy market size ?was exhibited at USD 3.85 billion in 2023 and is projected to hit around USD 79.62 billion by 2033, growing at a CAGR of 35.38% during the forecast period 2024 to 2033.
Cancer Immunotherapy Market?Size and Forecast:?The global?cancer immunotherapy market? size was valued at USD 126.19 billion in 2023 and is projected to surpass around USD 296.01 billion by 2033, registering a CAGR of 8.9% over the forecast period of 2024 to 2033.
Immunotherapy Drugs Market?:?The global?immunotherapy drugs market size was valued at USD 240.19 billion in 2023 and is projected to surpass around USD 1,300.38 billion by 2033, registering a CAGR of 18.4% over the forecast period of 2024 to 2033.
Clinical Trials Market Size and Forecast:?The?global clinical trials market size was estimated at USD 81.90 billion in 2023 and is projected to hit around USD 153.59 billion by 2033, growing at a CAGR of 6.49% during the forecast period from 2024 to 2033.
Biologics Market Size and Forecast: The?global biologics market size was estimated at USD 511.04 billion in 2023 and is projected to hit around USD 1,374.51 billion by 2033, growing at a CAGR of 10.4% during the forecast period from 2024 to 2033.
Biotechnology Market Size and Forecast:? The?global biotechnology market size was estimated at USD 1.54 Trillion in 2023 and is projected to hit around USD 5.68 Trillion by 2033, growing at a CAGR of 13.95% during the forecast period from 2024 to 2033.
Oncology? Market Size and Forecast: The?global oncology market size was estimated at USD 222.36 billion in 2023 and is projected to hit around USD 521.60 billion by 2033, growing at a CAGR of 8.9% during the forecast period from 2024 to 2033.
Cell And Gene Therapy Clinical Trials?Market Size and Forecast: The global cell and gene therapy clinical trials market size reached USD 11.62 billion in 2023 and is projected to hit around USD 47.40 billion by 2033, expanding at a CAGR of 15.09% during the forecast period from 2024 to 2033.
U.S. Clinical Trials Market Size and Forecast:?The?U.S. clinical trials market size was valued at USD 25.81 billion in 2023 and is projected to surpass around USD 41.57 billion by 2033, registering a CAGR of 4.88% over the forecast period of 2024 to 2033.
Active Pharmaceutical Ingredient CDMO Market:?The global active pharmaceutical ingredient CDMO market size was valued at USD 119.80 billion in 2023 and is anticipated to reach around USD 249.22 billion by 2033, growing at a CAGR of 7.6% from 2024 to 2033.
U.S. Pharmaceutical Market?:?The U.S. pharmaceutical market size was valued at USD 602.19 billion in 2023 and is projected to surpass around USD 1,093.79 billion by 2033, registering a CAGR of 6.15% over the forecast period of 2024 to 2033.
Viral Vector And Plasmid DNA Manufacturing Market:?The global viral vector and plasmid DNA manufacturing market size ?was valued at USD 6.19 billion in 2023 and is anticipated to reach around USD 39.30 billion by 2033, growing at a CAGR of 20.3% from 2024 to 2033.
U.S. Viral Vector And Plasmid DNA Manufacturing Market ;?The U.S. viral vector and plasmid DNA manufacturing market size was valued at USD 2.45 billion in 2023 and is expected to be worth around USD 15.30 billion by 2033, with a registered CAGR of 20.1% during forecast period 2024 to 2033.
Compounding Pharmacies Market :?The global compounding pharmacies market size ?was valued at USD 16.19 billion in 2023 and is anticipated to reach around USD 30.97 billion by 2033, growing at a CAGR of 6.7% from 2024 to 2033.
U.S. Compounding Pharmacies Market?:?The U.S. compounding pharmacies market size ?is projected to be worth around USD 10.76 billion by 2033 from USD 6.31 billion in 2024, at a CAGR of 6.1% from 2024 to 2033.
Antibiotics Market: The?global antibiotics market size ?was valued at USD 51.19 billion in 2023 and is projected to surpass around USD 85.80 billion by 2033, registering a CAGR of 5.3% over the forecast period of 2024 to 2033.
Biologics Market :?The?global biologics market size was estimated at USD 511.04 billion in 2023 and is projected to hit around USD 1,374.51 billion by 2033, growing at a CAGR of 10.4% during the forecast period from 2024 to 2033.
Biotechnology Market:?The?global biotechnology market size was estimated at USD 1.54 Trillion in 2023 and is projected to hit around USD 5.68 Trillion by 2033, growing at a CAGR of 13.95% during the forecast period from 2024 to 2033.
Next Generation Sequencing Market?:?The?global next generation sequencing market size was estimated at USD 9.19 billion in 2023 and is projected to hit around USD 66.04 billion by 2033, growing at a CAGR of 21.8% during the forecast period from 2024 to 2033.
Genome Editing Market ;?The?global genome editing market size ?was valued at USD 8.45 billion in 2023 and is anticipated to reach around USD 40.48 billion by 2033, growing at a CAGR of 16.96% from 2024 to 2033.
U.S. Genome Editing Market:?The?U.S. genome editing market size was estimated at USD 3.55 billion in 2023 and is projected to hit around USD 16.49 billion by 2033, growing at a CAGR of 16.6% during the forecast period from 2024 to 2033.
U.S. Gene Synthesis Market?:?The?U.S. Gene Synthesis market size was valued at USD 700.90 million in 2023 and is projected to surpass around USD 3,118.73 million by 2033, registering a CAGR of 16.1% over the forecast period of 2024 to 2033.
Biopharmaceutical Market :?The global?Biopharmaceutical market size accounted for USD 327.46 billion in 2022 and is estimated to achieve a market size of USD 1,101.77 billion by 2032 growing at a CAGR of 12.9% from 2023 to 2032.
Immunotherapy Drugs Market?:?The?global immunotherapy drugs market size was valued at USD 240.19 billion in 2023 and is projected to surpass around USD 1,300.38 billion by 2033, registering a CAGR of 18.4% over the forecast period of 2024 to 2033.
Cancer Immunotherapy Market:?The global cancer immunotherapy market size was valued at USD 126.19 billion in 2023 and is projected to surpass around USD 296.01 billion by 2033, registering a CAGR of 8.9% over the forecast period of 2024 to 2033.
U.S. Plasmid DNA Manufacturing Market?:?The U.S. plasmid DNA manufacturing market size ?was valued at USD 711.90 million in 2023 and is projected to surpass around USD 4,885.15 million by 2033, registering a CAGR of 21.24% over the forecast period of 2024 to 2033.
U.S. Precision Medicine Market?:?The?U.S. precision medicine market size was valued at USD 24.95 billion in 2023 and is projected to reach around USD 76.12 billion by 2033, registering a CAGR of 11.80% from 2024 to 2033.