Australia Terminal Sterilization Services Market Size & Outlook
Australia terminal sterilization services market, 2018-2030 (US$M)
Related Markets
Australia terminal sterilization services market highlights
- The Australia terminal sterilization services market generated a revenue of USD 156.9 million in 2022 and is expected to reach USD 340.2 million by 2030.
- The Australia market is expected to grow at a CAGR of 10.2% 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 156.9 million |
| Market revenue in 2030 | USD 340.2 million |
| Growth rate | 10.2% (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, Australia accounted for 1.4% 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 Asia Pacific, China terminal sterilization services market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 943.2 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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Australia 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 Australia 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.
Stringent government regulations pertaining to sterilization of medical devices, products, and equipment and guidelines issued by Australian Commission on Safety & Quality in Health Care on HAIs are expected to drive the market in the near future.
Furthermore, increase in government funding to hospitals and rise in the number of hospitals are among factors expected to boost the demand for terminal sterilization services in the country.
As per Australian Medical Association report 2019, in 2017-2018, there were around 8,017,492 people admitted to public hospital emergency departments in Australia. As per the same source, the number of emergency admissions increased 2.7 per year on average over the 4 years, from 2013-2014 to 2017-2018.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia terminal sterilization services market, including forecasts for subscribers. This country databook contains high-level insights into Australia terminal sterilization services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia terminal sterilization service market size, by product, 2018-2030 (US$M)
Australia Terminal Sterilization Services Market Share, 2022 & 2030 (US$M)
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