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Published: Sep, 2018 | Pages:
65 | Publisher: Grand View Research
Industry: Healthcare | Report Format: Electronic (PDF)
The U.S. sterilization services market size is expected to reach USD 2.72 billion by 2025, according to a new report by Grand View Research, Inc., registering a 5.1% CAGR during the forecast period. Supportive government investments in the healthcare industry, increasing R&D activities, and rising volume of drug launches are key factors impacting market growth. The U.S. government has been keen on curbing healthcare costs and this is anticipated to encourage the FDA to speed up approval procedures for generic pharmaceuticals. Faster approvals drive the need for newer sterility testing methods, compelling innovative market participants to spend more on such solutions, thereby propelling the market. With increasing demand for drugs, companies are launching newer drugs with different routes of administration, dosage, or for a new indication. These launches require thorough sterility testing and this is anticipated to drive market growth. By end use, the market is divided into hospitals, pharmaceuticals, medical device companies, clinical laboratories/research centers, and others, which includes food and beverage companies. Hospitals dominated the overall sterilization services market in 2016 and the segment is expected to retain its top position throughout the forecast period. Increasing incidence of hospital-acquired infections, growing number of surgical procedures, and constantly rising patient pool are prime factors driving this segment. Currently, the U.S. sterilization services industry is consolidated in nature with only a few top companies capturing the major share. Some of the leading players are STERIS Corporation; Getinge Group; and Advanced Sterilization Products Services, Inc. Other prominent companies include 3M, Belimed, Cantel Medical, MATACHANA GROUP, and Sterigenics International LLC. In September 2016, Cantel announced the acquisition of Vantage Endoscopy's endoscopy assets. This expansion of direct sales and acquisition of assets of its Canadian distributor is expected to strengthen the company's position in the infection prevention market. Further key findings from the report suggest: • The U.S. sterilization services market was valued at USD 1.83 billion in 2017 and is expected to grow lucratively over the forecast period • In terms of revenue, the offsite delivery mode segment is anticipated to exhibit a strong growth rate through 2025 • The contract services market was valued at USD 1.27 billion in 2017 and is anticipated to register the fastest CAGR over the forecast period.
Table of Contents
Chapter 1 Report Scope
1.1 Research Methodology
1.1.1 Information procurement
1.2 Information or Data Analysis
1.3 Research Scope and Assumptions
1.4 List to Data Sources
Chapter 2 Executive Summary
2.1 Market Summary
Chapter 3 Market Definitions
Chapter 4 Market Variables, Trends & Scope
4.1 Market Segmentation
4.1.1 Market Driver Analysis
4.1.1.1 Rising burden of hospital acquired infections
4.1.1.2 Increasing application of sterilization in pharmaceutical and biotechnology industry
4.1.2 Market Restraint Analysis
4.1.2.1 Paradigm shift from reusable to disposable medical devices
4.1.2.2 Safety concerns associated with Ethylene Oxide (EtO) sterilization
Chapter 5 Business Environment Analysis Tools
5.1 SWOT Analysis; By factor (political & legal, economic and technological)
5.2 Porter's five forces analysis
Chapter 6 Regulatory and Political Forces
6.1 Regulatory Landscape
6.1.1 List of Regulatory authorities by country
6.2 Regulations by the Government of U.S.
Chapter 7 Competitive & Vendor Landscape
7.1 Participant categorization
7.2 Company Market Share Analysis, 2017
Chapter 8 Technique Business Analysis
8.1 U.S. Sterilization Services Market: Technique Movement Analysis
8.1.1 Steam Sterilization
8.1.1.1 Steam Sterilization Market Estimates And Forecast, 2012 - 2025
8.1.2 EtO sterilization
8.1.2.1 ETO sterilization Market Estimates And Forecast, 2012 - 2025
8.1.3 E - beam Sterilization
8.1.3.1 E - beam sterilization Market Estimates And Forecast, 2012 - 2025
8.1.4 Gamma Sterilization
8.1.4.1 Gamma sterilization Market Estimates And Forecast, 2012 - 2025
8.1.5 Others
8.1.5.1 Others Market Estimates And Forecast, 2012 - 2025
Chapter 9 Type Business Analysis
9.1 U.S. sterilization Services Market: Type Movement Analysis
9.2 Contract
9.2.1 Contract Market Estimates And Forecast, 2012 - 2025
9.3 Validation
9.3.1 Validation Market Estimates And Forecast, 2012 - 2025
Chapter 10 Delivery Mode Business Analysis
10.1 U.S. Sterilization Services Market: Delivery Mode Movement Analysis
10.2 Onsite
10.2.1 Onsite Market Estimates And Forecast, 2012 - 2025
10.3 Off - site
10.3.1 Off - site Market Estimates And Forecast, 2012 - 2025
Chapter 11 End - use Business Analysis
11.1 U.S. Sterilization Services Market: Delivery Mode Movement Analysis
11.2 Hospitals
11.2.1 Hospitals Market Estimates And Forecast, 2012 - 2025
11.3 Pharmaceutical Companies
11.3.1 Pharmaceutical Companies Market Estimates And Forecast, 2012 - 2025
11.4 Medical Device companies
11.4.1 Medical Device Companies Market Estimates And Forecast, 2012 - 2025
11.5 Clinical Laboratories
11.5.1 Clinical laboratories Market Estimates And Forecast, 2012 - 2025
11.6 Others
11.6.1 Others Market Estimates And Forecast, 2012 - 2025
Chapter 12 Company Profiles
12.1 Steris Corporation
12.1.1 Company overview
12.1.2 Financial performance
12.1.3 Product benchmarking
12.1.4 Strategic Initiatives
12.2 Stryker Corporation
12.2.1 Company overview
12.2.2 Financial performance
12.2.3 Service benchmarking
12.3 Johnson and Johnson
12.3.1 Company overview
12.3.2 Financial performance
12.3.3 Product benchmarking
12.3.4 Strategic Initiatives
12.4 Cantel Medical
12.4.1 Company overview
12.4.2 Financial performance
12.4.3 Service benchmarking
12.4.4 Strategic initiatives
12.5 E - Beam Services, Inc.
12.5.1 Company overview
12.5.2 Service portfolio
12.5.3 Strategic Initiatives
12.6 Sterigenics International LLC (Sotera Health)
12.6.1 Company overview
12.6.2 Service benchmarking
12.6.3 Strategic initiatives
12.7 Cretex Companies
12.7.1 Company overview
12.7.2 Service benchmarking
12.7.3 Strategic initiatives
List of Tables Table 1 List of Abbreviation Table 2 US Sterilization Services Market, 2012 - 2025 (USD Million) Table 3 US Sterilization Services Market, by Technique 2012 - 2025 (USD Million) Table 4 US Sterilization Services Market, by Type, 2012 - 2025 (USD Million) Table 5 US Sterilization Services Market, by Delivery Mode, 2012 - 2025 (USD Million) Table 6 US Sterilization Services Market, by End Use, 2012 - 2025 (USD Million)
List of Figures Fig.1 Market research process Fig.2 Information procurement Fig.3 Primary research pattern Fig.4 Market research approaches Fig.5 Value chain based sizing & forecasting Fig.6 QFD modelling for market share assessment Fig.7 U.S. sterilization services market snapshot Fig.8 U.S. Sterilization Services market revenue, 2012 - 2025 (USD Million) Fig.9 U.S. sterilization services market segmentation Fig.10 U.S. sterilization services market driver impact Fig.11 U.S. sterilization services market restraint impact Fig.12 SWOT Analysis, By Factor (Political & legal Economic and technological) Fig.13 Porter's Five Forces Analysis Fig.14 Company market share analysis, 2017 Fig.15 U.S. sterilization services market: Technique outlook and key takeaways Fig.16 US sterilization services market: Technique movement analysis Fig.17 Steam sterilization market estimates and forecast, 2012 - 2025 Fig.18 EtO sterilization market estimates and forecast, 2012 - 2025 Fig.19 E - beam sterilization market estimates and forecast, 2012 - 2025 Fig.20 Gamma sterilization market estimates and forecast, 2012 - 2025 Fig.21 Others market estimates and forecast, 2012 - 2025 Fig.22 U.S. sterilization services market: type outlook and key takeaways Fig.23 U.S. sterilization services market: Type movement analysis Fig.24 Contract market estimates and forecast, 2012 - 2025 Fig.25 Validation market estimates and forecast, 2012 - 2025 Fig.26 U.S. sterilization devices market: delivery mode outlook and key takeaways Fig.27 U.S. sterilization services market: Delivery mode movement analysis Fig.28 Onsite market estimates and forecast, 2012 - 2025 Fig.29 Off - site market estimates and forecast, 2012 - 2025 Fig.30 U.S. sterilization devices market: End use outlook and key takeaways Fig.31 U.S. sterilization services market: End - use movement analysis Fig.32 Hospitals market estimates and forecast, 2012 - 2025 Fig.33 Pharmaceutical companies market estimates and forecast, 2012 - 2025 Fig.34 Medical device companies market estimates and forecast, 2012 - 2025 Fig.35 Clinical laboratories market estimates and forecast, 2012 - 2025 Fig.36 Others market estimates and forecast, 2012 - 2025
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