|By PR Newswire||
|February 16, 2017 07:51 AM EST|
SANTA CLARA, Calif., Feb. 16, 2017 /PRNewswire/ -- To ensure better compliance with infection control standards and top-notch management of sophisticated surgical instruments, United States (U.S.) and Western Europe-based healthcare centers are increasingly outsourcing central sterile supply department (CSSD), also known as sterile processing department (SPD), functions. Until 2022, third-party sterilization service vendors will focus on becoming end-to-end solution providers, covering CSSD layout design, tracking and managing workflow, cleaning, sterilization and logistics services. This will reshape the competitive landscape as original equipment manufacturers (OEMs) will race to include value-added services, such as equipment repair, inventory management and CSSD integration in their portfolio.
"Market players, especially sterilization and disinfection equipment manufacturers struggling with diminishing sales, are adopting aggressive strategies to bolster their service offerings and expand operations locally and internationally," said Transformational Health Senior Research Analyst Anuj Agarwal. "These measures include acquiring rivals to gain market share and joint ventures with local players to enter new markets. Bigger players will look at value-chain integrations to gain broader strategic advantage."
Third-party Sterilization Services for Care Providers in the US and Western Europe, Forecast to 2022, recent analysis from Frost & Sullivan's Transformational Health Growth Partnership Service program, explores service models in the U.S. and Western European markets, and factors driving OEMs to embrace a service-based model over the traditional product-centric approach. The research also details major market trends such as commoditization of standalone sterilization equipment business, operating room (OR) and CSSD integration, and replacement of managed services by integrated CSSD or OR solutions.
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By 2022 up to 45 percent of care providers in the U.S., United Kingdom, Italy, Germany and France will opt for third-party sterilization services for CSSD management. The surgical department's lack of awareness about the quality of services is hindering this adoption. To overcome this, service providers must build credibility and brand value.
"Third-party sterilization services are the first step towards better infection control and potentially open further avenues of growth for market participants by putting them in direct contact with key decision makers in care settings," observed Transformational Health Industry Principal Sowmya Rajagopalan.
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Third-party Sterilization Services for Care Providers in the US and Western Europe, Forecast to 2022
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