UK Terminal Sterilization Services Market Size & Outlook
UK terminal sterilization services market, 2018-2030 (US$M)
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UK terminal sterilization services market highlights
- The UK terminal sterilization services market generated a revenue of USD 211.1 million in 2022 and is expected to reach USD 533.1 million by 2030.
- The UK market is expected to grow at a CAGR of 12.3% 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 211.1 million |
| Market revenue in 2030 | USD 533.1 million |
| Growth rate | 12.3% (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, UK accounted for 1.9% 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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UK 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 41.02% in 2022. Horizon Databook has segmented the UK 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 incidence of HAIs and growing prevalence of chronic diseases are among factors expected to positively impact the market over the forecast period. For instance, according to National Institute for Health and Care Excellence (NICE), around 300,000 patients in England suffer from HAIs every year.
Moreover, increase in the number of COVID-19 cases is boosting the market. According to WHO, 1,34,22,81 confirmed cases of COVID-19 were detected in the UK as of 5th January 2022, out of which 157,758 number of cases is the latest tally of last 24 hours. Moreover, increase in the prevalence of chronic diseases is positively influencing market growth.
For instance, according to European Commission, cardiovascular disease is the biggest cause of death in the UK. Moreover, mortality rate due to Alzheimer’s disease & stroke is increasing. Thus, many people are opting for invasive surgery, which is indirectly contributing to growth of terminal sterilization services market.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK terminal sterilization services market, including forecasts for subscribers. This country databook contains high-level insights into UK terminal sterilization services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK terminal sterilization service market size, by product, 2018-2030 (US$M)
UK Terminal Sterilization Services Market Share, 2022 & 2030 (US$M)
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