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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