Sophia Grace
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new york, American Samoa
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The global Sterilisation
Services Market is projected to reach USD 5.6 billion by 2026 from an
estimated USD 4.2 billion in 2021, at a CAGR of 6.1% during the forecast
period. End users like hospitals and medical device companies are increasingly
adopting sterilization services throughout their production lines due to
mandates introduced by governments and regulatory bodies in the healthcare
industry to maintain compliance with Good Manufacturing Practices (GMP). The
introduction of mandates by government and regulatory bodies in the healthcare
industry is the primary reason for the market witnessing significant growth.
Based on region, North America held the largest market share, due to the
increase in adoption of sterilization products along with contract
sterilization services, rise in need for sterilization services to minimize the
prevalence of HAIs and increase the geriatric population. However, Asia-Pacific
is expected to offer lucrative opportunities and is predicted to exhibit the
highest CAGR of 5.8% during 2021-2030.
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