U.S. Terminal Sterilization Services Market Size & Outlook
U.S. terminal sterilization services market, 2018-2030 (US$M)
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U.S. terminal sterilization services market highlights
- The U.S. terminal sterilization services market generated a revenue of USD 3,057.7 million in 2022 and is expected to reach USD 6,844.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 10.6% 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 3,057.7 million |
| Market revenue in 2030 | USD 6,844.9 million |
| Growth rate | 10.6% (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, U.S. accounted for 28.1% 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 North America, U.S. terminal sterilization services market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 6,844.9 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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U.S. 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 U.S. 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.
Growing incidence of HAIs and increasing number of surgeries are among factors anticipated to boost the demand for terminal sterilization services in the U.S. For instance, as per Healthcare Information and Management Systems Society, each day, one out of 25 patients in the U.S. are affected with HAI.
Proper and regular usage of antiseptics, disinfectants, & terminal sterilization for devices and surgical equipment in hospitals & clinics generally help prevent such infections, as these steps reduce or kill harmful microbes & bacteria, creating an aseptic environment. Thus, increasing prevalence of HAIs is expected to boost the demand for terminal sterilization.
In addition, rising number of surgeries in the U.S. is expected to boost the market, as terminal sterilization plays an important role in reprocessing surgical units. For instance, according to American Society for Aesthetic Plastic Surgery, surgical procedures accounted for 77% of total expenditure in 2017 in the U.S. These factors are expected to positively impact the market over the forecast period.
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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 U.S. terminal sterilization services market, including forecasts for subscribers. This country databook contains high-level insights into U.S. terminal sterilization services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. terminal sterilization service market size, by product, 2018-2030 (US$M)
U.S. Terminal Sterilization Services Market Share, 2022 & 2030 (US$M)
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