Electron Beam Irradiation Service Market Size, Share, Growth, and Industry Analysis, By Type (0~2MeV Electron Beam Irradiation Service, 2 MeV~5 MeV Electron Beam Irradiation Service, and 5 MeV~10 MeV Electron Beam Irradiation Service), By Application (Medical, Food, Industrial, and Others), Regional Insights, and Forecast To 2031

ELECTRON BEAM IRRADIATION SERVICE MARKET REPORT OVERVIEW

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The global electron beam irradiation service market size is expected to be USD 799.6 million in 2022 and is projected to touch USD 1598.32 million by 2031, exhibiting a CAGR of 8.0% during the forecast period.

Electromagnetic radiation, or "e-beam," has been employed in the sterilization process. It is sometimes referred to as e-beam or electron beam technology. On a variety of surfaces, it is used to eradicate bacteria and other pathogens. Electrons moving at high speed via an electron accelerator, also known as a linear accelerator, are what produce the e-beam energy (LINAC). Radiation-based sterilizing techniques include e-beam sterilization. Unlike the conventional method of radiation-based sterilization, which uses gamma rays, it uses an electron or X-ray as its source of irradiation.

Electron beam irradiation service is the beam of electrons generated by electron accelerators and matter interaction of chemical, biological, and physical effects. The application of disinfection sterilization of processed material, preservation, modification of material, prolonging shelf life, or disinfectant sterilization, such as the purpose with high efficiency, no residue, pollution, and higher safety, doesn’t affect the features of product. The market is forecasted to grow owing to the

COVID-19 Impact: Infection Control Policy Boosted Product Demand

The global COVID-19 pandemic has been unprecedented and staggering, with an electron beam irradiation service experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The spike in CAGR is attributable to electron beam irradiation service market growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 epidemic has presented a number of difficulties for staff members in the radiation oncology division. Healthcare personnel must effectively organize the use of medical equipment when hospitals and clinics are under threat from a second wave of the pandemic since radiation therapy is often scheduled across weeks. Businesses in the semiconductor and electronics industry raised awareness about the need to use PPE when operating medical equipment. Healthcare facilities follow the WHO-recommended infection control procedures for droplet protection (World Health Organization).

LATEST TRENDS

"Application of Equipment in Various Fields to Bolster Major Growth"

The use of the product in various industries such as medicine, foods, and pharmaceuticals is anticipated to propel electron beam irradiation service market growth. Medical device manufacturers employ these services to increase patient safety, lower the risk of bacterial contamination, and produce better clinical results. It offers a potent substitute for heat and other conventional decontamination techniques. As they aid in sterilizing and disinfecting surfaces, water, and other objects that come into touch with people or animals, these are essential for the pharmaceutical business. In order to ensure cleanliness, it is frequently utilized in the food business. This is crucial for meals containing oils or fats because germs can develop on them and cause contamination. The e-beam service also offers disinfection against bacteria and viruses that could contaminate packed goods, including ready-to-eat meals.

RESTRAINING FACTORS

"High Initial Investment to Impede the Adoption of Product"

The need for higher initial investment and power is estimated to affect market growth. The inconsistent economic conditions are anticipated to be another factor affecting the growth of the market.

ELECTRON BEAM IRRADIATION SERVICE MARKET SEGMENTATION

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• By Type Analysis

By type, the market is segmented into 5 MeV~10 MeV electron beam irradiation service,0~2MeV electron beam irradiation service, and 2 MeV~5 MeV electron beam irradiation service.

• By Application Analysis

Based on application, the market is classified into industrial, medical, food, and others.

DRIVING FACTORS

"Various Advantages Associated with the Product to Boost Market Growth"

Quick-turn terminal sterilization is offered by electron beam irradiation service using an easy, hygienic on/off technology. There are no safety, shipping, or disposal issues because no radioactive sources are required. Moreover, the source of gamma photons and the supply of electrons will never be at risk of running out. Since e-beam delivers doses more quickly than gamma, there is less chance of product damage. Even delicate materials like tissues and medications can be handled with an e-beam. It can offer detailed instructions for beginning with an e-beam or switching from gamma to an electron beam. These factors are most likely to foster electron beam irradiation service market growth.

"Consistently Rising Need for Advanced Healthcare to Aid Product Demand"

Medical device manufacturers employ electron beam sterilization services to increase patient safety, lower the risk of bacterial contamination, and produce better clinical results. It offers a potent substitute for heat and other conventional decontamination techniques. High-voltage electrical discharges and other materials that cannot be harmed by extreme heat or harsh chemicals can be penetrated by e-beams. This makes it the perfect technique for sterilizing a variety of medical instruments. These factors are forecasted to cater to growth in the market.

ELECTRON BEAM IRRADIATION SERVICE MARKET REGIONAL INSIGHTS

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"North America to Lead Market Due to the Rising Spending On Healthcare"

North America is forecasted to hold a major part of the electron beam irradiation service market share owing to the rapidly increasing demand for safe and advanced healthcare systems backed by higher spending. The region is anticipated to hold a major share of approximately 34% of the market share.

Europe is forecasted to hold a significant part of the market share due to the rising demand for the service in the automotive & aerospace sector backed by the large-scale production of automotive vehicles. Europe is forecasted to hold a market share of approximately 31%.

Asia Pacific is estimated to hold about 28% of the total electron beam irradiation service market share by virtue of the rising geriatric population leading to the higher product demand in the healthcare sector.

KEY INDUSTRY PLAYERS

"Major Players Will Implement Long-Term Expansion Plans to Expand Their Product Offerings"

In order to constantly grow in the market, key firms place emphasis on securing distribution agreements with businesses. Companies launch new products in an effort to obtain a competitive advantage. In order to increase their market share, many large pharmaceutical businesses strive to meet client demand as quickly as possible. The businesses concentrate on creating plans that would help the market flourish over the long run. Important players utilize a variety of tactics to encourage collaboration and mergers in an effort to grow continually.

List Of Top Electron Beam Irradiation Service Companies

• STERIS AST (U.S.)
• CGN Nuclear Technology Development (China)
• BSG (India)
• NHV (Belgium)
• E-BEAM Services (U.S.)
• Guangzhou Huada Biotechnology (China)
• Sterigenics (U.S.)
• Lanfu High-energy (China)
• Beijing Hongyisifang (China)
• Shaanxi Fangyuan Industrial Group (China)
• Acsion (South Africa)
• Steri-Tek (U.S.)
• EB Tech (South Korea)

REPORT COVERAGE

An overview of the product is provided along with the product description. Numerous industry elements are included in the research.

• The pandemic's aftereffects and the subsequent lockdown.
• The market's most recent trend is currently fueling expansion.
• The factors are most likely to stimulate market growth.
• The reasons the market is expected to grow more slowly.
• A comprehensive regional analysis of the market is conducted.

Significant players and their business offices are also covered in the article.