Switzerland Terminal Sterilization Services Market Size & Outlook
Switzerland terminal sterilization services market, 2018-2030 (US$M)
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Switzerland terminal sterilization services market highlights
- The Switzerland terminal sterilization services market generated a revenue of USD 92.9 million in 2022 and is expected to reach USD 202.3 million by 2030.
- The Switzerland market is expected to grow at a CAGR of 10.2% 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 92.9 million |
| Market revenue in 2030 | USD 202.3 million |
| Growth rate | 10.2% (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, Switzerland accounted for 0.9% 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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Switzerland 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 41.01% in 2022. Horizon Databook has segmented the Switzerland 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.
This growth can be attributed to increase in the number of HAIs in Switzerland. For instance, according to National Center for Infection Control, Switzerland, each year, 7%-8% of patients admitted in hospitals develop HAIs. Moreover, according to the same source, it is estimated that approximately 70,000 people are infected with HAIs, out of which 2,000 people die.
To address this situation, the organization is increasing awareness regarding terminal sterilization, which is expected to boost the market. For instance, Swissnoso, a nonprofit organization in Switzerland, is offering various modules to hospitals to prevent HAIs. In addition, Swissnoso publishes various articles & guidelines, which represents current state of information & knowledge accurately, thereby supporting hospitals in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Switzerland terminal sterilization services market, including forecasts for subscribers. This country databook contains high-level insights into Switzerland terminal sterilization services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Switzerland terminal sterilization service market size, by product, 2018-2030 (US$M)
Switzerland Terminal Sterilization Services Market Share, 2022 & 2030 (US$M)
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