India Terminal Sterilization Services Market Size & Outlook
India terminal sterilization services market, 2018-2030 (US$M)
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India terminal sterilization services market highlights
- The India terminal sterilization services market generated a revenue of USD 391.3 million in 2022 and is expected to reach USD 943.2 million by 2030.
- The India market is expected to grow at a CAGR of 11.6% 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 391.3 million |
| Market revenue in 2030 | USD 943.2 million |
| Growth rate | 11.6% (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, India accounted for 3.6% 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 Asia Pacific, China terminal sterilization services market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 943.2 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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India 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 India 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 prevalence of chronic diseases, such as cancer, diabetes, and other autoimmune diseases, is expected to boost the demand for terminal sterilization services in hospital settings. For instance, according to American Society of Clinical Oncology, one in 68 men will develop lung cancer, one in 29 women will develop breast cancer, and one in nine Indians will develop other types of cancer during their lifetime.
Increasing number of surgeries and growing prevalence of chronic diseases are among factors boosting the number of hospital admissions, leading to increased demand for terminal sterilization of medical devices, equipment, and other products, which is expected to drive the market growth.
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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 India terminal sterilization services market, including forecasts for subscribers. This country databook contains high-level insights into India terminal sterilization services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India terminal sterilization service market size, by product, 2018-2030 (US$M)
India Terminal Sterilization Services Market Share, 2022 & 2030 (US$M)
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