U.S. Sterilization Services Market Analysis 2018-2025 By Technique (Steam, E-beam & Gamma Radiation, EtO) & Delivery Mode (Onsite, Offsite) - ResearchAndMarkets.com
The "U.S. Sterilization Services Market Analysis Report By Technique (Steam, E-beam & Gamma Radiation, EtO), By Type, By Delivery Mode (Onsite, Offsite), By End Use, And Segment Forecasts 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
The U.S. sterilization services market size is expected to reach USD 2.72 billion by 2025, 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.
Key Topics Covered:
Chapter 1 Report Scope
Chapter 2 Executive Summary
Chapter 3 Market Definitions
Chapter 4 Market Variables, Trends & Scope
Chapter 5 Business Environment Analysis Tools
Chapter 6 Regulatory and Political Forces
Chapter 7 Competitive & Vendor Landscape
Chapter 8 Technique Business Analysis
Chapter 9 Type Business Analysis
Chapter 10 Delivery Mode Business Analysis
Chapter 11 End - use Business Analysis
Chapter 12 Company Profiles
- Steris Corporation
- Stryker Corporation
- Johnson and Johnson
- Cantel Medical
- E - Beam Services, Inc.
- Sterigenics International LLC (Sotera Health)
- Cretex Companies
For more information about this report visit https://www.researchandmarkets.com/research/9897nc/u_s?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20181029005445/en/