Japan Terminal Sterilization Services Market Size & Outlook
Japan terminal sterilization services market, 2018-2030 (US$M)
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Japan terminal sterilization services market highlights
- The Japan terminal sterilization services market generated a revenue of USD 380.6 million in 2022 and is expected to reach USD 846.3 million by 2030.
- The Japan 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.
Terminal sterilization services market data book summary
| Market revenue in 2022 | USD 380.6 million |
| Market revenue in 2030 | USD 846.3 million |
| Growth rate | 10.5% (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, Japan accounted for 3.5% 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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Japan 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 Japan 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 HAIs and growing incidence of chronic diseases are among factors expected to positively impact the market over the forecast period. For instance, as per a study conducted by Oxford University in 2017, lowest proportion of hospitals in Japan regularly monitor HAI incidence.
For instance, according to World Data Bank, in 2008, healthcare expenditure in Japan was 8.2% of its total GDP, which increased to 10.93% in 2018. Thus, the demand for sterilization services is expected to grow significantly in the coming years.
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan terminal sterilization services market, including forecasts for subscribers. This country databook contains high-level insights into Japan terminal sterilization services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan terminal sterilization service market size, by product, 2018-2030 (US$M)
Japan Terminal Sterilization Services Market Share, 2022 & 2030 (US$M)
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