Ionizing Radiation Sterilization Market by Type (Electron Irradiation, Gamma Irradiation, and X-Ray Irradiation), Application (Blood Irradiation, Viral Inactivation, Small Animal Irradiation, Food Testing, and Others), End-user (Pharmaceutical Companies, Healthcare Facilities, Food Processing, and Others), and Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
Ionizing Radiation Sterilization Market Outlook
The global Ionizing Radiation Sterilization market size 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, 2021-2028. 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.
Ionizing Radiation Sterilization Market Dynamics
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 number of helthcare-associated infections 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.
Ionizing Radiation Sterilization Market Segment Insights
Types Segment Analysis
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.
Applications Segment Analysis
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.
Regional Analysis
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.
Key Benefits for Industry Participants & Stakeholders
- In-Depth Analysis of the Ionizing Radiation Sterilization Market.
- Historical, Current and Projected Market Size in Terms of Value.
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on From Ionizing Radiation Sterilization Market Performance
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ionizing Radiation Sterilization Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ionizing Radiation Sterilization Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ionizing Radiation Sterilization Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ionizing Radiation Sterilization Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ionizing Radiation Sterilization Market Size & Forecast, 2018-2028
4.5.1 Ionizing Radiation Sterilization Market Size and Y-o-Y Growth
4.5.2 Ionizing Radiation Sterilization Market Absolute $ Opportunity
4.6 Global Ionizing Radiation Sterilization Market: Impact Of Key Regulations
Chapter 5 Global Ionizing Radiation Sterilization Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Ionizing Radiation Sterilization Market Size Forecast By Type
5.2.1 Electron Irradiation
5.2.2 Gamma Irradiation
5.2.3 X-Ray Irradiation
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Ionizing Radiation Sterilization Market Analysis and Forecast By Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Applications
6.1.2 Basis Point Share (BPS) Analysis By Applications
6.1.3 Absolute $ Opportunity Assessment By Applications
6.2 Ionizing Radiation Sterilization Market Size Forecast By Applications
6.2.1 Blood Irradiation
6.2.2 Viral Inactivation
6.2.3 Small Animal Irradiation
6.2.4 Food Testing
6.2.5 Others
6.3 Market Attractiveness Analysis By Applications
Chapter 7 Global Ionizing Radiation Sterilization Market Analysis and Forecast By End-users
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By End-users
7.1.2 Basis Point Share (BPS) Analysis By End-users
7.1.3 Absolute $ Opportunity Assessment By End-users
7.2 Ionizing Radiation Sterilization Market Size Forecast By End-users
7.2.1 Pharmaceutical Companies
7.2.2 Healthcare Facilities
7.2.3 Food Processing
7.2.4 Others
7.3 Market Attractiveness Analysis By End-users
Chapter 8 Global Ionizing Radiation Sterilization Market Analysis and Forecast by Region
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities by Region
8.1.2 Basis Point Share (BPS) Analysis by Region
8.1.3 Absolute $ Opportunity Assessment by Region
8.2 Ionizing Radiation Sterilization Market Size Forecast by Region
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 Middle East & Africa (MEA)
8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
9.1 Introduction
9.2 Current & Future Impact Analysis
9.3 Economic Impact Analysis
9.4 Government Policies
9.5 Investment Scenario
Chapter 10 North America Ionizing Radiation Sterilization Analysis and Forecast
10.1 Introduction
10.2 North America Ionizing Radiation Sterilization Market Size Forecast by Country
10.2.1 U.S.
10.2.2 Canada
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 North America Ionizing Radiation Sterilization Market Size Forecast By Type
10.6.1 Electron Irradiation
10.6.2 Gamma Irradiation
10.6.3 X-Ray Irradiation
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 North America Ionizing Radiation Sterilization Market Size Forecast By Applications
10.10.1 Blood Irradiation
10.10.2 Viral Inactivation
10.10.3 Small Animal Irradiation
10.10.4 Food Testing
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis By Applications
10.12 Absolute $ Opportunity Assessment By Applications
10.13 Market Attractiveness Analysis By Applications
10.14 North America Ionizing Radiation Sterilization Market Size Forecast By End-users
10.14.1 Pharmaceutical Companies
10.14.2 Healthcare Facilities
10.14.3 Food Processing
10.14.4 Others
10.15 Basis Point Share (BPS) Analysis By End-users
10.16 Absolute $ Opportunity Assessment By End-users
10.17 Market Attractiveness Analysis By End-users
Chapter 11 Europe Ionizing Radiation Sterilization Analysis and Forecast
11.1 Introduction
11.2 Europe Ionizing Radiation Sterilization Market Size Forecast by Country
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 U.K.
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Europe Ionizing Radiation Sterilization Market Size Forecast By Type
11.6.1 Electron Irradiation
11.6.2 Gamma Irradiation
11.6.3 X-Ray Irradiation
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Europe Ionizing Radiation Sterilization Market Size Forecast By Applications
11.10.1 Blood Irradiation
11.10.2 Viral Inactivation
11.10.3 Small Animal Irradiation
11.10.4 Food Testing
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis By Applications
11.12 Absolute $ Opportunity Assessment By Applications
11.13 Market Attractiveness Analysis By Applications
11.14 Europe Ionizing Radiation Sterilization Market Size Forecast By End-users
11.14.1 Pharmaceutical Companies
11.14.2 Healthcare Facilities
11.14.3 Food Processing
11.14.4 Others
11.15 Basis Point Share (BPS) Analysis By End-users
11.16 Absolute $ Opportunity Assessment By End-users
11.17 Market Attractiveness Analysis By End-users
Chapter 12 Asia Pacific Ionizing Radiation Sterilization Analysis and Forecast
12.1 Introduction
12.2 Asia Pacific Ionizing Radiation Sterilization Market Size Forecast by Country
12.2.1 China
12.2.2 Japan
12.2.3 South Korea
12.2.4 India
12.2.5 Australia
12.2.6 South East Asia (SEA)
12.2.7 Rest of Asia Pacific (APAC)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Asia Pacific Ionizing Radiation Sterilization Market Size Forecast By Type
12.6.1 Electron Irradiation
12.6.2 Gamma Irradiation
12.6.3 X-Ray Irradiation
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Asia Pacific Ionizing Radiation Sterilization Market Size Forecast By Applications
12.10.1 Blood Irradiation
12.10.2 Viral Inactivation
12.10.3 Small Animal Irradiation
12.10.4 Food Testing
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis By Applications
12.12 Absolute $ Opportunity Assessment By Applications
12.13 Market Attractiveness Analysis By Applications
12.14 Asia Pacific Ionizing Radiation Sterilization Market Size Forecast By End-users
12.14.1 Pharmaceutical Companies
12.14.2 Healthcare Facilities
12.14.3 Food Processing
12.14.4 Others
12.15 Basis Point Share (BPS) Analysis By End-users
12.16 Absolute $ Opportunity Assessment By End-users
12.17 Market Attractiveness Analysis By End-users
Chapter 13 Latin America Ionizing Radiation Sterilization Analysis and Forecast
13.1 Introduction
13.2 Latin America Ionizing Radiation Sterilization Market Size Forecast by Country
13.2.1 Brazil
13.2.2 Mexico
13.2.3 Rest of Latin America (LATAM)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Latin America Ionizing Radiation Sterilization Market Size Forecast By Type
13.6.1 Electron Irradiation
13.6.2 Gamma Irradiation
13.6.3 X-Ray Irradiation
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Latin America Ionizing Radiation Sterilization Market Size Forecast By Applications
13.10.1 Blood Irradiation
13.10.2 Viral Inactivation
13.10.3 Small Animal Irradiation
13.10.4 Food Testing
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis By Applications
13.12 Absolute $ Opportunity Assessment By Applications
13.13 Market Attractiveness Analysis By Applications
13.14 Latin America Ionizing Radiation Sterilization Market Size Forecast By End-users
13.14.1 Pharmaceutical Companies
13.14.2 Healthcare Facilities
13.14.3 Food Processing
13.14.4 Others
13.15 Basis Point Share (BPS) Analysis By End-users
13.16 Absolute $ Opportunity Assessment By End-users
13.17 Market Attractiveness Analysis By End-users
Chapter 14 Middle East & Africa (MEA) Ionizing Radiation Sterilization Analysis and Forecast
14.1 Introduction
14.2 Middle East & Africa (MEA) Ionizing Radiation Sterilization Market Size Forecast by Country
14.2.1 Saudi Arabia
14.2.2 South Africa
14.2.3 UAE
14.2.4 Rest of Middle East & Africa (MEA)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Middle East & Africa (MEA) Ionizing Radiation Sterilization Market Size Forecast By Type
14.6.1 Electron Irradiation
14.6.2 Gamma Irradiation
14.6.3 X-Ray Irradiation
14.7 Basis Point Share (BPS) Analysis By Type
14.8 Absolute $ Opportunity Assessment By Type
14.9 Market Attractiveness Analysis By Type
14.10 Middle East & Africa (MEA) Ionizing Radiation Sterilization Market Size Forecast By Applications
14.10.1 Blood Irradiation
14.10.2 Viral Inactivation
14.10.3 Small Animal Irradiation
14.10.4 Food Testing
14.10.5 Others
14.11 Basis Point Share (BPS) Analysis By Applications
14.12 Absolute $ Opportunity Assessment By Applications
14.13 Market Attractiveness Analysis By Applications
14.14 Middle East & Africa (MEA) Ionizing Radiation Sterilization Market Size Forecast By End-users
14.14.1 Pharmaceutical Companies
14.14.2 Healthcare Facilities
14.14.3 Food Processing
14.14.4 Others
14.15 Basis Point Share (BPS) Analysis By End-users
14.16 Absolute $ Opportunity Assessment By End-users
14.17 Market Attractiveness Analysis By End-users
Chapter 15 Competition Landscape
15.1 Ionizing Radiation Sterilization Market: Competitive Dashboard
15.2 Global Ionizing Radiation Sterilization Market: Market Share Analysis, 2020
15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
15.3.1 Getinge
15.3.2 STERIS
15.3.3 Sotera Health
15.3.4 Bioster a.s.
15.3.5 Röchling SE & Co. KG
15.3.6 Symec Engineers (India) Pvt. Ltd.
15.3.7 BGS Beta-Gamma-Service GmbH & Co. KG
15.3.8 IBA Worldwide
15.3.9 E-BEAM Services, Inc.