The global Ionizing Radiation Sterilization market was valued at USD 3,358.5 million in 2020 and is expected to reach USD 8,322.4 million by 2028, expanding at a CAGR of 12.5% during the forecast period. 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.
Hospital-acquired infections are a key cause of morbidity and mortality around the world. These include bloodstream infections from a central line, urinary tract infections from a catheter, and pneumonia from a ventilator. C. difficile, methicillin-resistant Staphylococcus aureus (MRSA), Klebsiella, E. coli, Enterococcus, and Pseudomonas species are prevalent bacteria linked to HAIs. The key driver for the sterilizing equipment sector is the rising occurrence of HAIs around the world. Increased hospitalization rates is expected to arise from the growing geriatric population and the rising incidence of chronic diseases, which in turn, is projected to increase the occurrence of HAIs. Hence, the need for ionizing radiation sterilizing goods and services for medical equipment and other devices is expected to rise.
Sterilizing single-use medical products such as syringes and surgical gloves with radiation is a safe and cost-effective procedure. One of its main advantages include sterilization of products, which have already been packaged. Radiation is used to sterilize a range of life-saving devices. To sterilize medical devices, more than 160 gamma irradiation plants are in operation around the world. Radiation sterilizes around 12 million m3 of medical devices each year. Gamma irradiation is used to sterilize more than 40% of all single-use medical devices manufactured worldwide.
Cleaning, disinfection, and sterilization of modern medical devices are all sources of worry. Patients are at risk of contracting HAIs if these devices are not sterilized properly. As technologically advanced instruments, such as endoscopes and analyzers, are introduced into the market, a difficult-to-use AER, or one that breaks down frequently, increases the risk of faulty or inadequate endoscope sterilization, and causes costly delays. Reprocessing these equipment after each use is now a huge barrier for healthcare practitioners when it comes to meeting sterility standards. Inadequate sanitation of these intricate and delicate tools puts patients at risk of infection, which in turn, is expected to hamper the global ionizing radiation sterilization market.
Emerging economies including India, China, Brazil, Russia, and countries in Latin America and Southeast Asia are expected to present considerable growth possibilities for sterilizing equipment manufacturers. India and China are home to over half of the worlds population, resulting in a significant patient population in both markets. Public pressure to enhance hospital care quality, rising cost of HAIs in healthcare systems, advent of multi-drug-resistant bacteria, and government initiatives all contribute to the growth of the sterilizing equipment industry in these countries, thereby creating opportunities in the global ionizing radiation sterilization market.
On the basis of types, the market is bifurcated into electron irradiation, gamma irradiation, and X-ray irradiation. The gamma irradiation segment is anticipated to gain a large revenue share, due to increasing use of these irradiators in several countries for various applications such as sterilization of surgical medical goods such as gloves, mask, dressings, and prosthetic joints. Gamma irradiators have an advantage in processing non-uniform and high-density products. X-rays are the technology of choice when these qualities are considered. In the 1960s, the use of high-energy X-rays for sterilizing medical devices was proposed, and in the 1990s, it was implemented. X-ray processing is now feasible for these applications, and the processing unit cost is comparable to other treatment methods.
Based on applications, the ionizing radiation sterilization market is divided into blood irradiation, viral inactivation, small animal irradiation, food testing, and others. The viral inactivation segment is anticipated to expand at a lucrative CAGR of 13.2%. In the current scenario, several peaceful nuclear technologies are well-established. In industries such as healthcare, food production, manufacturing, electrical generation, and environmental protection, radiation sterilization is widely used and approved all around the world. Nuclear science and technology contribute significantly to address fundamental human needs and boost the living conditions in emerging countries.
On the basis of regions, the market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). The global ionizing radiation sterilization market is dominated by the market in North America, which is primarily driven by factors such as technological advancement, rising investment in R&D activities by key market players to provide improved products and services, and increasing demand for high-quality medical treatment in the region.
The market in Asia Pacific is rapidly expanding, due to rising production of variety of sterilizing equipment and medical devices by key market players and several initiatives taken by governments related to radiation sterilization standards in the region.
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Major Manufactures include Getinge AB, STERIS, Sotera Health, Bioster a.s., Röchling SE & Co. KG, among others.
The base year considered for the Ionizing Radiation Sterilization market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018 & 2019 are the historic years, and the forecast is provided from 2021 to 2028.
The market is expected to witness moderate growth with increase in terms of demand during 2019-2020 owing to the positive impact of COVID-19 pandemic on the Ionizing Radiation Sterilization market.
The demand for Ionizing Radiation Sterilization from Healthcare Facilities is driving the market growth.
The Ionizing Radiation Sterilization market is anticipated to grow significantly during forecast period due to 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.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
In addition to market size (in USD Million) and Company Market Share (in % for base year 2019), other data such Macro-economic factors, COVID-19 Impact on the Ionizing Radiation Sterilization market is available in final report.
According to this Growth Market Reports, the market from Ionizing Radiation Sterilization market is likely to register a CAGR of 12.5% during period 2020-2027, with an anticipated valuation of USD 3,650.4 million by the end of the 2028.
Yes, the report covers various Ionizing Radiation Sterilization market by end-user as Pharmaceutical Companies, Healthcare Facilities, Food Processing, and Others.
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