Irradiation Sterilization Services Market Size, Share & Trends Analysis Report By Application (Medical Instruments, Drug, Food & Laboratory), By Product Type (Gamma Irradiation, X-ray Irradiation), By Region, And Segment Forecasts, 2023 - 2030

Irradiation Sterilization Services Market Growth & Trends

The global irradiation sterilization services market size is expected to reach USD 4.59 billion by 2030, expanding at 10.53% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc.Irradiation sterilization is a process that uses ionizing radiation to eliminate microorganisms, including bacteria, viruses, fungi, and other pathogens. This process is commonly used to sterilize medical devices, pharmaceuticals, and food products. The demand for irradiation sterilization services has increased in recent years due to the growing concerns over foodborne illnesses and hospital-acquired infections.

The market is expanding as a result of factors such as the rise in hospital-acquired infections, technological developments in the use of sterilization agents & equipment in industrial facilities, and rising awareness of cleanliness in all institutions. On January 30, 2020, the World Health Organization (WHO) proclaimed the COVID-19 outbreak as an emergency of global significance in the public health domain. A total of 210 countries have been impacted by COVID-19. In healthcare settings, the equipment sterilization process has been essential for preventing the spread of COVID-19 infection.

By effectively sterilizing medical equipment, patient-to-patient pathogen transmission can be fully avoided. During the COVID-19 pandemic, more reprocessed equipment was used to sterilize or disinfect medical devices than usual, because improper decontamination of endoscopic, surgical, and reusable hemodialysis equipment could increase the probability of COVID-19 infection. To ensure proper sterilization of medical devices, there has been an increased demand for sterilization services. Therefore, the COVID-19 pandemic has positively impacted the growth of the global market.

The medical devices segment holds the largest share of the market for irradiation sterilization services. This is attributed to the increasing use of sterilized medical devices in surgeries and the rising number of hospitals and clinics. The food segment is also expected to grow at a significant rate due to the increasing demand for shelf-stable food products and the need to extend the shelf life of these items.

North America holds the largest share of the global market for irradiation sterilization services due to the presence of several medical device manufacturers and the growing demand for sterilized medical devices and food products in the region. The Asia-Pacific region is expected to expand at the highest rate during the forecast period due to the increasing number of hospitals and clinics in the region and the rising demand for sterilized food products and medical devices.

The various key players in the irradiation sterilization services industry offer a wide range of solutions to meet the sterilization needs of medical device manufacturers, pharmaceutical companies, and food producers. Companies utilize state-of-the-art technologies and adhere to strict quality control measures to ensure the highest levels of safety and efficacy.

Irradiation Sterilization Services Market Report Highlights

• By application, the medical instruments segment accounted for the largest share in 2022. A rise in the geriatric population, and an increase in government awareness campaigns to assure high levels of infection prevention, are factors propelling the market growth
• By product type, the gamma irradiation segment accounted for the largest share in 2022. The market is expanding as a result of the high penetrating capability of gamma irradiation. which is expected to propel segment growth
• North America held the highest share of the global market in 2022. This is mostly due to the presence of major market participants in the region, as well as increased R&D spending and government support
• The Asia Pacific region is expected to advance at the highest rate during the forecast period. This is attributed to the rising prevalence of HAI diseases among the aging population and the growing adoption of irradiation sterilization services, among other factors

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