Canada Terminal Sterilization Services Market Size & Outlook
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Canada terminal sterilization services market highlights
- The Canada terminal sterilization services market generated a revenue of USD 326.0 million in 2024 and is expected to reach USD 536.0 million by 2033.
- The Canada market is expected to grow at a CAGR of 5.7% from 2025 to 2033.
- In terms of segment, equipment was the largest revenue generating product in 2024.
- Connectivity Solutions and Software is the most lucrative product segment registering the fastest growth during the forecast period.
Terminal sterilization services market data book summary
| Market revenue in 2024 | USD 326.0 million |
| Market revenue in 2033 | USD 536.0 million |
| Growth rate | 5.7% (CAGR from 2025 to 2033) |
| Largest segment | Equipment |
| Fastest growing segment | Connectivity Solutions and Software |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Consumables, Service & Maintenance, Connectivity Solutions and Software |
| 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 2.5% of the global terminal sterilization services market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. terminal sterilization services market is projected to lead the regional market in terms of revenue in 2033.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 347.6 million by 2033.
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Terminal Sterilization Services Market Scope
Terminal Sterilization Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Steelco Group | View profile | 501-1000 | Riese, Veneto, Italy, Europe | https://www.steelcogroup.com |
| Belimed Inc. | View profile | 1001-5000 | North Charleston, South Carolina, United States, North America | http://belimed.com |
| Andersen Sterilizers | View profile | 51-100 | Clacton-on-sea, Essex, United Kingdom, Europe | https://sterility.com |
| Getinge AB Class B | View profile | 11862 | Lindholmspiren 7A, P.O. Box 8861, Gothenburg, Sweden, SE-417 56 | https://www.getinge.com |
| Olympus Corp | View profile | 33629 | Shinjuku Monolith, 2-3-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, Japan, 163-0914 | http://www.olympus.co.jp |
| Fortive Corp | View profile | 18000 | 6920 Seaway Boulevard, Everett, WA, United States, 98203 | https://www.fortive.com |
| Sotera Health Co Ordinary Shares | View profile | 3000 | 9100 South Hills Boulevard, Suite 300, Broadview Heights, OH, United States, 44147 | https://investors.soterahealth.com |
| 3M Co | View profile | 85000 | 3M Center, St. Paul, MN, United States, 55144 | https://www.3m.com |
| Steris PLC | View profile | 17100 | 5960 Heisley Road, Mentor, OH, United States, 44060 | https://www.steris-ir.com |
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.
Equipment was the largest segment with a revenue share of 43.25% in 2024. Horizon Databook has segmented the Canada terminal sterilization services market based on equipment, consumables, service & maintenance, connectivity solutions and software covering the revenue growth of each sub-segment from 2021 to 2033.
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 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Canada Product - Terminal Sterilization Services Market, 2024 - 2033 (US$M)
Canada Terminal Sterilization Services Market Share, 2024 & 2033 (US$M)
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