Argentina Terminal Sterilization Services Market Size & Outlook

The terminal sterilization services market in Argentina is expected to reach a projected revenue of US$ 250.8 million by 2030. A compound annual growth rate of 11% is expected of Argentina terminal sterilization services market from 2023 to 2030.
Revenue, 2022 (US$M)
$108.9
Forecast, 2030 (US$M)
$250.8
CAGR, 2023 - 2030
11%
Report Coverage
Argentina

Argentina terminal sterilization services market, 2018-2030 (US$M)

Argentina

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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 2022USD 108.9 million
Market revenue in 2030USD 250.8 million
Growth rate11% (CAGR from 2022 to 2030)
Largest segmentEthylene oxide
Fastest growing segmentIrradiation
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationEthylene Oxide, Irradiation, Moist Heat Terminal Sterilization, Other Products
Key market players worldwideSteris 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 Companies

Name Profile # Employees HQ Website

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.

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)

Argentina terminal sterilization service market size, by product, 2018-2030 (US$M)

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