Argentina Terminal Sterilization Services Market Size & Outlook
Argentina terminal sterilization services market, 2018-2030 (US$M)
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Argentina terminal sterilization services market highlights
- The Argentina terminal sterilization services market generated a revenue of USD 108.9 million in 2022 and is expected to reach USD 250.8 million by 2030.
- The Argentina market is expected to grow at a CAGR of 11% from 2023 to 2030.
- In terms of segment, ethylene oxide was the largest revenue generating product in 2022.
- Irradiation is the most lucrative product segment registering the fastest growth during the forecast period.
Terminal sterilization services market data book summary
| Market revenue in 2022 | USD 108.9 million |
| Market revenue in 2030 | USD 250.8 million |
| Growth rate | 11% (CAGR from 2022 to 2030) |
| Largest segment | Ethylene oxide |
| Fastest growing segment | Irradiation |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ethylene Oxide, Irradiation, Moist Heat Terminal Sterilization, Other Products |
| Key market players worldwide | Steris PLC, 3M Co, Getinge AB Class B, Fortive Corp, Belimed Inc., Sotera Health Co Ordinary Shares, Olympus Corp, Andersen Sterilizers, Steelco Group |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.0% of the global terminal sterilization services market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil terminal sterilization services market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 839.1 million by 2030.
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Terminal Sterilization Services Market Scope
Terminal Sterilization Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina terminal sterilization services 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 terminal sterilization services market will help companies and investors design strategic landscapes.
Ethylene oxide was the largest segment with a revenue share of 41.05% in 2022. Horizon Databook has segmented the Argentina terminal sterilization services market based on ethylene oxide, irradiation, moist heat terminal sterilization, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing prevalence of COVID-19 and growing healthcare expenditure are among factors driving the market in Argentina. For instance, according to World Data Bank, health expenditure as a proportion of GDP increased from 9.002% in 2016 to 9.62% in 2018. According to export.gov, healthcare expenditure in Argentina is the highest in Latin America.
Furthermore, increasing prevalence of chronic diseases is likely to drive the market. For instance, according to The Borgen Project, cardiovascular diseases account for 34% of deaths, which also includes risk factors such as obesity & high blood pressure. Moreover, market growth can be attributed to growing number of people aged above 60 and their vulnerability to HAI.
For instance, according to Inter-American Development Bank and INDEC 2013, in 2020, the population in Argentina aged above 60 was 7.1 million, which is expected to increase by 22% till 2050. Thus, the market is expected to grow during the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina terminal sterilization services market, including forecasts for subscribers. This country databook contains high-level insights into Argentina terminal sterilization services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina terminal sterilization service market size, by product, 2018-2030 (US$M)
Argentina Terminal Sterilization Services Market Share, 2022 & 2030 (US$M)
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