According to a recent market study published by Growth Market Reports titled, "Global Ionizing Radiation Sterilization Market by Type, Application, End-user, and by Regions: Size, Share, Trends and Opportunity Analysis, 2018-2028", the market was valued at USD 3,358.5 million in 2020 and is expected to grow at a healthy growth rate of 12.5% by the year 2028.

The global Ionizing Radiation Sterilization market is anticipated to grow significantly during forecast period. Rising incidences of house-acquired infections, increasing demand for high-quality medical devices, and rising need for irradiation process to reduce illnesses caused by foodborne diseases are some of the factors contributing to market growth.

Global ionizing radiation sterilization market has been segmented based on type, application, end-user, and region. In terms of type, the global ionizing radiation sterilization market is categorized as electron irradiation, gamma irradiation, and x-ray irradiation. In terms of application, the market is bifurcated into blood irradiation, viral inactivation, small animal irradiation, food testing, and others. Based on end-user, the global Ionizing Radiation Sterilization market is categorized as pharmaceutical companies, healthcare facilities, food processing, and others. By regions global Ionizing Radiation Sterilization market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA).

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Radiation sterilization uses ionizing radiation to sterilize, has high penetration power, and takes few seconds to finish. Internal and exterior microorganisms in a sample are destroyed by ionizing radiation sterilization, which uses a short wavelength and high intensity to kill them. Ionizing radiation is an ideal disinfection agent, as it kills bacteria without raising the temperature. This process is known as cold sterilization. Growing cases of hospital-acquired infections (HAIs) and rising awareness level related to disinfection of food & beverages and products in the medical sectors is anticipated to boost the ionizing radiation sterilization market globally.

Ionizing radiation is used to disinfect medical devices in radiation sterilization. Its popularity increased in recent years, as more radiation-resistant materials have been created, facilities have been made, and dosage levels have become precisely defined. Use of radiation for sterilization increased with the introduction of electron beam sterilization. X-ray machines, cathode ray tubes (electron-beam radiation), and radioactive nuclides (sources of gamma/x-rays) are all examples of ionizing radiation sources.

As per Growth Market Reports industry analyst Divyanka Sankhe “The spread of COVID-19 has had a huge impact on the Ionizing Radiation Sterilization market players on many fronts and outside factors. COVID-19 affected all sections of the society including businesses and individuals. Different measures were taken into consideration from travel restrictions to national-wide lockdown to slow the spread of coronavirus. These restrictions affected numerous industry verticals such as BFSI, healthcare, real estate, and others. COVID-19 accelerated the adoption of Ionizing Radiation Sterilization owing to rising need for effective healthcare treatments.”

Key Takeaways from the Study

  • The market in North America is expected to grow at a rapid pace than the market in the rest of the world, owing to the presence of well-established pharmaceuticals companies such as STERIS and Benchmark Scientific Inc. and several research institutes in the region.
  • The market in countries such as the US and Canada is expected to grow at a rapid rate, due to the increasing need for high-quality medical treatments, which is fueling the use of radiation sterilization in these countries.
  • The market in Europe is expected to hold a considerable market share during the forecast period, owing to the rising manufacture of innovative drug discovery, a wide range of laboratory products & medical devices, and sterilization equipment for the pharmaceutical industry.

Report Scope

Report Metric

Details

Market Value in 2020

USD 3,358.5 Million

Market Growth Rate (from 2021 to 2028)

12.5%

Historical Data

2018 & 2019

Base Year

2020

Forecast Period

2021– 2028

Market Segments

Type, Application, End-user, and Regions.

Region Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA)

Key Companies Profiled

Getinge AB, STERIS, Sotera Health, Bioster a.s., Röchling SE & Co. KG, Symec Engineers (India) Pvt. Ltd., BGS Beta-Gamma-Service GmbH & Co. KG, IBA Worldwide, E-BEAM Services, Inc.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Demand Side: pharmaceutical & biotechnology companies, academic & research institutes, cell banks, and others.
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies.
  • Associations and Industry Bodies: Center for Biologics Evaluation and Research (CBER), U,S. Food & Drug Administration (FDA), European Monetary System (EMS), among others.