Colombia Terminal Sterilization Services Market Size & Outlook
Colombia terminal sterilization services market, 2018-2030 (US$M)
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Colombia terminal sterilization services market highlights
- The Colombia terminal sterilization services market generated a revenue of USD 114.0 million in 2022 and is expected to reach USD 260.4 million by 2030.
- The Colombia market is expected to grow at a CAGR of 10.9% 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 114.0 million |
| Market revenue in 2030 | USD 260.4 million |
| Growth rate | 10.9% (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, Colombia accounted for 1.0% 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 |
|---|
Colombia 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 Colombia 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.
Colombia is the hub of medical tourism for people from Ecuador & the Caribbean, and the number of patients traveling to Colombia from countries such as the U.S., Peru, and Canada is growing every year. According to Colombian immigration records, the number of international passengers traveling for healthcare services to Colombia is increasing by 22.9% every year.
Moreover, the Colombian medical supplies market, including terminal sterilization services market, relies heavily on imports from foreign countries. The steady growth of market can be attributed to increased number of surgeries and growing awareness regarding importance of disinfectants.
With similar increase in the number of surgeries across other segments, the market is expected to grow in Colombia. Instituto Nacional de Vigilancia de Medicamentos y Alimentos (INVIMA), the medical device regulator in Colombia, has introduced the concept of automatic renewal of licenses of lower risk medical products.
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Horizon Databook provides a detailed overview of country-level data and insights on the Colombia terminal sterilization services market, including forecasts for subscribers. This country databook contains high-level insights into Colombia terminal sterilization services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Colombia terminal sterilization service market size, by product, 2018-2030 (US$M)
Colombia Terminal Sterilization Services Market Share, 2022 & 2030 (US$M)
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