Latin America Terminal Sterilization Services Market Size & Outlook
Latin America terminal sterilization services market, 2018-2030 (US$M)
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Latin America terminal sterilization services market highlights
- The Latin America terminal sterilization services market generated a revenue of USD 1,490.5 million in 2022.
- The market is expected to grow at a CAGR of 10.8% 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 1,490.5 million |
| Market revenue in 2030 | USD 3,373.9 million |
| Growth rate | 10.8% (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, Latin America region accounted for 13.7% 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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Latin America 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 Latin America 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 cases of HAIs and rising awareness about various terminal sterilization techniques are among factors expected to drive growth of terminal sterilization services market over the forecast period.
Increasing incidence of chronic diseases, such as cancer, diabetes, and cardiovascular diseases, is one of the major factors driving the market. These diseases can lead to increase in hospital admissions and usage of medical facilities, thus increasing the demand for terminal sterilization services.
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Target buyers of Latin America terminal sterilization services market databook
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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 Latin America terminal sterilization services market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America terminal sterilization services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America terminal sterilization service market size, by country, 2018-2030 (US$M)
Latin America Terminal Sterilization Services Market Share, 2022 & 2030 (US$M)
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