Canada Terminal Sterilization Services Market Size & Outlook
Canada terminal sterilization services market, 2018-2030 (US$M)
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Canada terminal sterilization services market highlights
- The Canada terminal sterilization services market generated a revenue of USD 804.0 million in 2022 and is expected to reach USD 1,734.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 10.1% 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 804.0 million |
| Market revenue in 2030 | USD 1,734.8 million |
| Growth rate | 10.1% (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, Canada accounted for 7.4% 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 North America, U.S. terminal sterilization services market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 6,844.9 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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Canada 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 Canada 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 surgeries in Canada is expected to fuel market growth over the forecast period. For instance, according to Organization for Economic Co-operation and Development (OECD), around 390,352 surgeries were performed in Canada in 2017.
Proper maintenance of hygiene before a surgical procedure is necessary; thus, usage of properly sterilized medical devices & equipment is highly recommended by doctors. Hence, product demand is expected to increase. In addition, increasing awareness about health and hygiene among people is expected to positively impact the market.
For instance, according to Business Development Bank of Canada, the demand for wellness and health products is rapidly increasing, and around 31% of consumers in the country are willing to pay a premium for health-enhancing products. Therefore, market is anticipated to grow at a significant rate over 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 Canada terminal sterilization services market, including forecasts for subscribers. This country databook contains high-level insights into Canada terminal sterilization services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada terminal sterilization service market size, by product, 2018-2030 (US$M)
Canada Terminal Sterilization Services Market Share, 2022 & 2030 (US$M)
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