The global terminal sterilization services market is anticipated to grow at a CAGR of around 6.1% during the forecast period (2021-2027). The pivotal factors contributing to the growth of market include rising prevalence of chronic diseases due to which number of surgical procedures are increasing, rising healthcare-associated infections owing to the COVID-19 pandemic, and surging demand for critical care equipment. The market has witnessed tremendous growth with increased positive cases of COVID-19 during the pandemic which has further accelerated the demand for sterilization equipment and services in hospitals, clinics, diagnostic laboratories. For an instance, in April 2021, there were more than 142,096,751 million cases of COVID-19 has been reported according to the Worldometer data. The rise in COVID-19 cases has boosted the companies to manufacture cost-effective sterilizers which are majorly utilized by the laboratories and hospitals for the cleaning of medical devices and equipment to avoid cross-contamination, thus, driving the demand for terminal sterilization services.

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The global terminal sterilization services market is segmented based on method, type, and end-user. Based on the method, the global market is further categorized into ethylene oxide (ETO) sterilization, gamma sterilization, steam sterilization, electron beam radiation sterilization, x-ray, and others. Among these, the ETO sterilization segment is projected to account for the largest share in the market during the forecast period. Based on type, the market is bifurcated into contract sterilization services and sterilization validation services. The contract sterilization services segment is anticipated to be the fastest-growing in the global market owing to the growing preference for contract sterilization by medical device companies. Based on end-user, the market is divided into hospitals & clinics, pharmaceutical & biotechnology industries, and medical device companies. Among these, the hospital & clinics segment is projected to show lucrative growth during the forecast period. Whereas the pharmaceutical & biotechnology industry is expected to account for the largest share in the market during the forecast period.

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Geographically, the global terminal sterilization services market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). The global terminal sterilization services market in Asia-Pacific is expected to witness the highest CAGR during the forecast period. The increasing prevalence of healthcare-associated infections along with increasing coronavirus positive cases, growing healthcare infrastructure, and demand for reusable medical devices are the prominent factors accelerating the market growth in the region. Furthermore, the increasing disposable income, booming medical tourism industry, and increasing hospitals and clinics are likely to propel the market growth during the forecast period.

Global Terminal Sterilization Services Market – Segmentation
By Type
Polyurethane (PU) Based
Polyvinyl Chloride (PVC) Based
Bio-Based
By End-User Industry
Footwear
Furnishing
Automotive
Clothing
Others (Accessories)

Global Terminal Sterilization Services Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
Achilles USA, Inc.
ALFATEX ITALIA SRL
Asahi Kasei Corp.
Filwel Co. Ltd.
Fujian Polytech Technology Corp., Ltd.
H.R.Polycoats Pvt. Ltd.
Hanwa Chemical Corp.
Kuraray Co., Ltd.
Mayur Uniquoters Ltd.
Mitsubishi Chemical Corp.
NAN YA Plastics Corp.
San Fang Chemical Industry Co. Ltd.
Teijin Aramid B.V
Toray Industries, Inc.
Wanhua Chemical Group Co.,Ltd.
Zhejiang Hexin Science And Technology Co.,Ltd.

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