Europe Terminal Sterilization Services Market Size & Outlook
Europe terminal sterilization services market, 2018-2030 (US$M)
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Europe terminal sterilization services market highlights
- The Europe terminal sterilization services market generated a revenue of USD 2,499.3 million in 2022.
- The market is expected to grow at a CAGR of 10.5% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 2,499.3 million |
| Market revenue in 2030 | USD 5,546.8 million |
| Growth rate | 10.5% (CAGR from 2022 to 2030) |
| Largest segment | Ethylene oxide |
| Fastest growing segment | Irradiation |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Europe region accounted for 23.0% of the global terminal sterilization services market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,929.8 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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Europe 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 Europe 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.
Growing number of surgeries and increasing incidence of HAIs are among factors expected to fuel market growth over the forecast period. Various initiatives are being undertaken by major market players pertaining to sterilization of equipment & medical devices, which is expected to boost the market. Moreover, recommendations by doctors for using such solutions are anticipated to contribute to market growth.
In addition, increasing number of surgical procedures being performed is likely to positively impact market growth, as usage of terminal sterilization is necessary for reprocessing of surgical devices & equipment before surgeries. Furthermore, the COVID-19 pandemic has increased the demand for terminal sterilization services in the region.
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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 continent-level data and insights on the Europe terminal sterilization services market, including forecasts for subscribers. This continent databook contains high-level insights into Europe terminal sterilization services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe terminal sterilization service market size, by country, 2018-2030 (US$M)
Europe Terminal Sterilization Services Market Share, 2022 & 2030 (US$M)
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