According to a new report, published by KBV research, The Global Irradiation Sterilization Services Market size is expected to reach $4.1 billion by 2030, rising at a market growth of 10.2% CAGR during the forecast period.
The Medical Instruments segment is leading the Global Irradiation Sterilization Services Market, by Application in 2022, thereby, achieving a market value of $1.3 billion by 2030. Hospital-acquired infections are more common, and more surgeries require highly intensive infection prevention and control. The growing geriatric population and increased government outreach initiatives to ensure high levels of infection prevention are the primary factors propelling the growth of the segment.
The X-ray Irradiation segment is registering a CAGR of 10.3% during (2023 - 2030). In X-ray irradiation, photon radiation is used for multiple purposes, including sterilization, cleaning, and material modification. Regarding dense products, X-ray technology provides exceptional penetrability and is compatible with most substances. X-ray irradiation is risk-free, trustworthy, and highly effective for treating products of varying densities. Due to its shorter exposure time and higher dose uniformity ratio (DUR), it is a viable technique for processing various items.
The North America region dominated the Global Irradiation Sterilization Services Market, by region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.6 billion by 2030. The Europe region is experiencing a CAGR of 9.8% during (2023 - 2030). Additionally, The Asia Pacific region is registering a CAGR of 11.1% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/irradiation-sterilization-services-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of STERIS PLC, Röchling SE & Co. KG, SOTERA HEALTH COMPANY, Scapa Group Ltd., Swann-Morton Limited, SteriTek Silicon Valley, Beta-Gamma-Service GmbH & Co. KG, Taisei Kako Co., Ltd., IONISOS, SASU, E-BEAM Services, Inc.
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