Belgium Terminal Sterilization Services Market Size & Outlook
Belgium terminal sterilization services market, 2018-2030 (US$M)
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Belgium terminal sterilization services market highlights
- The Belgium terminal sterilization services market generated a revenue of USD 62.8 million in 2022 and is expected to reach USD 122.3 million by 2030.
- The Belgium market is expected to grow at a CAGR of 8.7% 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 62.8 million |
| Market revenue in 2030 | USD 122.3 million |
| Growth rate | 8.7% (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, Belgium accounted for 0.6% 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 Europe, Germany terminal sterilization services market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 636.8 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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Belgium 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 41.08% in 2022. Horizon Databook has segmented the Belgium 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 number of hospitals in Belgium is expected to propel market growth. For instance, according to Expatica, there were 169 hospitals in 2019 in Belgium as compared to 146 in 2007. Moreover, increase in R&D and rise in food & pharmaceutical product manufacturing companies are expected to propel growth of terminal sterilization services market over the period.
However, increase in adverse effects of using sterilizers may impede market growth. Hence, terminal sterilization services market in Belgium is expected to grow during the forecast period.
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Our clientele includes a mix of terminal sterilization services market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Belgium terminal sterilization services market, including forecasts for subscribers. This country databook contains high-level insights into Belgium terminal sterilization services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Belgium terminal sterilization service market size, by product, 2018-2030 (US$M)
Belgium Terminal Sterilization Services Market Share, 2022 & 2030 (US$M)
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