Latin America Sterilization Equipment Market Size & Outlook
Latin America sterilization equipment market, 2018-2030 (US$M)
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Latin America sterilization equipment market highlights
- The Latin America sterilization equipment market generated a revenue of USD 1,056.0 million in 2023.
- The market is expected to grow at a CAGR of 10.7% from 2024 to 2030.
- In terms of segment, low-temperature sterilizers was the largest revenue generating product in 2023.
- Low-temperature sterilizers is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,056.0 million |
| Market revenue in 2030 | USD 2,157.7 million |
| Growth rate | 10.7% (CAGR from 2023 to 2030) |
| Largest segment | Low-temperature sterilizers |
| Fastest growing segment | Low-temperature sterilizers |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heat sterilizers, Low-temperature sterilizers, Sterile membrane filters, Radiation Sterilization Devices |
| Key market players worldwide | Steris PLC, Sotera Health Co Ordinary Shares, Cantel Medical, Fortive Corp, E-BEAM Services |
Other key industry trends
- In terms of revenue, Latin America region accounted for 13.7% of the global sterilization equipment market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,152.7 million by 2030.
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Sterilization Equipment Market Scope
Sterilization Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America sterilization equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sterilization equipment market will help companies and investors design strategic landscapes.
Low-temperature sterilizers was the largest segment with a revenue share of 32.25% in 2023. Horizon Databook has segmented the Latin America sterilization equipment market based on heat sterilizers, low-temperature sterilizers, sterile membrane filters, radiation sterilization devices covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing cases of HAIs and rising awareness about various sterilization equipment are among factors expected to drive growth of sterilization equipment market over the forecast period. Increasing incidence of chronic diseases, such as cancer, diabetes, and cardiovascular diseases, is one of the major factors driving the market. These diseases can lead to an increase in hospital admissions and usage of medical facilities, thus increasing the demand for sterilization equipment.
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Target buyers of Latin America sterilization equipment market databook
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Our clientele includes a mix of sterilization equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America sterilization equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America sterilization equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America sterilization equipment market size, by country, 2018-2030 (US$M)
Latin America Sterilization Equipment Market Outlook Share, 2023 & 2030 (US$M)
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