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 |
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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.
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.
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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