The sterilization services industry is consolidated, with major players such as Steris Corporation dominating the market. The companies are focused on continuous product innovation to secure a significant market share. For instance, in July 2023, STERIS introduced X-ray sterilization services at its established facility in Malaysia, which already provided gamma and ethylene oxide sterilization. Hence, this expansion in processing capabilities ensures company to provide customers with a broader range of services, including routine options and processing redundancy, contributing to market growth.
Some of the eminent market participants operating in the sterilization services industry include: