Hungary Terminal Sterilization Services Market Size & Outlook
Hungary terminal sterilization services market, 2018-2030 (US$M)
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Hungary terminal sterilization services market highlights
- The Hungary terminal sterilization services market generated a revenue of USD 72.5 million in 2022 and is expected to reach USD 107.7 million by 2030.
- The Hungary market is expected to grow at a CAGR of 5.1% 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 72.5 million |
| Market revenue in 2030 | USD 107.7 million |
| Growth rate | 5.1% (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, Hungary accounted for 0.7% 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 Europe, Germany terminal sterilization services market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 636.8 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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Hungary 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 41.1% in 2022. Horizon Databook has segmented the Hungary 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 awareness regarding importance of sterilization and growing healthcare expenditure are among factors likely to boost the market over the forecast period. For instance, according to International Trade Administration, Hungary spends 9.9% of its GDP on healthcare. Moreover, expansion in pharmaceutical sector along with market players seeking opportunity in red biotechnology, i.e., biopharmaceuticals, is expected to drive the market.
Furthermore, according to Human Rights Watch, Hungary recorded a total of 15,151 HAI cases, which led to death of 541 people. Thus, Hungary terminal sterilization services market is anticipated to witness considerable growth 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 Hungary terminal sterilization services market, including forecasts for subscribers. This country databook contains high-level insights into Hungary terminal sterilization services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Hungary terminal sterilization service market size, by product, 2018-2030 (US$M)
Hungary Terminal Sterilization Services Market Share, 2022 & 2030 (US$M)
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