Brazil Terminal Sterilization Services Market Size & Outlook
Brazil terminal sterilization services market, 2018-2030 (US$M)
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Brazil terminal sterilization services market highlights
- The Brazil terminal sterilization services market generated a revenue of USD 360.6 million in 2022 and is expected to reach USD 839.1 million by 2030.
- The Brazil market is expected to grow at a CAGR of 11.1% 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 360.6 million |
| Market revenue in 2030 | USD 839.1 million |
| Growth rate | 11.1% (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, Brazil accounted for 3.3% 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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Brazil 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 41.04% in 2022. Horizon Databook has segmented the Brazil 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.
Terminal sterilization services market in Brazil is expected to witness moderate growth over the forecast period. This can be attributed to improving healthcare facilities, economic development, and growing demand for sterilization services due to rise in the number of surgeries and increase in awareness across the country.
Brazil has one of the largest hospital infrastructures in Latin America. There are around 7,878 hospitals in the country, including public and private hospitals. Moreover, increasing prevalence of nosocomial infections is driving the market. For instance, ResearchGate conducted a study on HAIs, which revealed that 79.2% of people had at least one ICUassociated infection.
In addition, rise in the number of COVID-19 cases is propelling market growth. For instance, according to WHO, currently Brazil has 2,22,93,228 confirmed COVID-19 cases. Thus, presence of a substantial hospital infrastructure, increase in the prevalence of nosocomial infections, & rise in the number of COVID-19 cases are likely to increase the demand for terminal sterilization services.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil terminal sterilization services market, including forecasts for subscribers. This country databook contains high-level insights into Brazil terminal sterilization services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil terminal sterilization service market size, by product, 2018-2030 (US$M)
Brazil Terminal Sterilization Services Market Share, 2022 & 2030 (US$M)
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