South & Central America Sterilization Services Market Forecast to 2030
South & Central America Sterilization Services Market Forecast to 2030 – Regional Analysis – by Mode of Delivery (Offsite Sterilization Services Market and Onsite Sterilization Services Market), Method (Ethylene Oxide, Chlorine Dioxide, Gamma Ray, Electron Beam, Autoclave Steam, and Others), Service Type (Contract sterilization and microbial reduction services, Testing and Validation Services, Equipment, and Others), and End User (Medical Device Companies, Pharmaceutical and Biopharmaceutical Companies, Food and Beverage, Hospitals and Clinics, and Others)
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Description
Growing Medical Device Industry Fuels the South & Central America Sterilization Services Market
The medical device industry is projected to experience significant growth owing to constant technological advancements. The rising need for better healthcare facilities has encouraged developing economies to focus on technology-enabled healthcare solutions. The increase in the elderly population, cases of chronic illnesses, and pediatric care have also surged the demand for advanced healthcare facilities. Additionally, top revenue-generating medical device companies are investing significantly in the R&D of advanced technologies and sterilization services.
Medical devices and equipment are essential tools used to monitor patients. Sterilization is one of the crucial steps in the medical device manufacturing process. The sterilization modality varies based on material compatibility, process availability, processing location, physical device attributes, regulatory approval, cost, and regulatory registration within the countries. The sterilization of medical devices is vital during manufacturing as well as usage. Inappropriate device sanitization can cause health risks and difficulties in getting market clearance from regulatory bodies such as the FDA. Further, healthcare organizations are required to properly manage sterilization to ensure the safety of patients. Thus, the growing medical device industry is expected to offer lucrative opportunities to the key players in the sterilization services market.
South & Central America Sterilization Services Market Overview
The South & Central America sterilization services market is segmented into Brazil, Argentina, and the Rest of South and Central America. The region held the smallest portion of the market in the global analysis. The market is likely to propel during the period 2022-2030 owing to factors such as the growth of the healthcare sector in the region and the risk of HAIs due to the rise in the number of healthcare facilities. The healthcare market in Brazil is the largest market in the region. Many hospitals are located in southern and southeastern Brazil. According to the International Trade Administration, in 2021, Brazil imported medical devices worth ~US$ 6.2 billion. The healthcare sector in Brazil is driven by medical tourism as many of the patients from other countries visit Brazil for different surgeries and procedures such as aesthetic, cardiac, dental, orthopedic, bariatric/gastric-bypass surgeries, and neurology. Moreover, the presence of several market players in the country propels the growth of the sterilization services market. In March 2023, Servizi Italia Spa opened the group’s first sterilization plant in the state of São Paulo, Brazil. The investment is a part of the group’s strategic development plan to further strengthen its presence in Brazil. Thus, the factors mentioned above are driving the sterilization services market in Brazil.
South & Central America Sterilization Services Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Sterilization Services Market Segmentation
The South & Central America sterilization services market is segmented based on mode of delivery, method, service type, end user, and country.
Based on mode of delivery, the South & Central America sterilization services market is bifurcated into offsite sterilization services market and onsite sterilization services market. The offsite sterilization services market segment held a larger share in 2022.
By method, the South & Central America sterilization services market is segmented into ethylene oxide, chlorine dioxide, gamma ray, electron beam, autoclave steam, and others. The ethylene oxide segment held the largest share in 2022.
In terms of service type, the South & Central America sterilization services market is categorized into contract sterilization and microbial reduction services, testing and validation services, equipment, and others. The contract sterilization and microbial reduction services segment held the largest share in 2022.
Based on end user, the South & Central America sterilization services market is segmented into medical device companies, pharmaceutical and biopharmaceutical companies, food and beverage, hospitals and clinics, and others. The medical device companies market segment held the largest share in 2022.
Based on country, the South & Central America sterilization services market is segmented Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America sterilization services market in 2022.
Azbil Telstar SLU, Contract Laboratory LLC, Sotera Health Company, and Steris Plc are some of the leading companies operating in the South & Central America sterilization services market.
Summary Info
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According to The Research Team’ research, the South & Central America sterilization services market was valued at US$ 133.46 in 2022 and is expected to reach US$ 227.82 million by 2030, registering a CAGR of 6.9% from 2022 to 2030. Constant Developments in sterilization technology and growing number of surgical procedures are among the critical factors attributed to the South & Central America sterilization services market expansion.
Constant improvements in low-temperature sterilization systems have reduced processing time and expanded capabilities for instrument reprocessing. The sterilization processes traditionally used for medical products include steam, EtO, ionizing radiation (gamma or E-beam), low-temperature steam and formaldehyde, and dry heat (hot air). Most new methods are oxidative processes based on “peroxy” compounds. These include sterilants based on hydrogen peroxide, peracetic acid, peroxysulfate, chlorine dioxide, and ozone. Hydrogen-peroxide-based low-temperature sterilization is a new sterilization technology for temperature-dependent medical devices. Several sterilization processes involve the use of peracetic acid. For example, the Steris machine-a liquid system manufactured by Steris Corp-utilizes peracetic acid for sterilizing endoscopes, whereas in suitable disinfectors (e.g., Nu-Cidex from Johnson & Johnson Medical Ltd.), it is used as a liquid sterilant for sanitizing thermolabile endoscopes. Vapor-phase generators employing peracetic acid are sold for decontaminating, disinfection, or sterilizing products such as isolators. Compared to EtO, chlorine dioxide offers several advantages; it does not have EtO’s chemical solubility and is not flammable in air at the concentrations employed. Thus, the above-mentioned factors will most likely generate a greater demand for oxidative processes, which, in turn, is likely to augment the sterilization services market expansion during the period 2022-2030.
On the contrary, stringent regulation regarding chemical emission hamper the growth South & Central America sterilization services market .
Based on mode of delivery, the South & Central America sterilization services market is bifurcated into offsite sterilization services market and onsite sterilization services market. The offsite sterilization services market segment held 59.3% share of the South & Central America sterilization services market in 2022, amassing US$ 79.20 million. It is projected to garner US$ 133.32 million by 2030 to expand at 6.7% CAGR during 2022-2030.
By method, the South & Central America sterilization services market is segmented into ethylene oxide, chlorine dioxide, gamma ray, electron beam, autoclave steam, and others. The ethylene oxide market segment held 31.2% share of the South & Central America sterilization services market in 2022, amassing US$ 41.64 million. It is projected to garner US$ 68.65 million by 2030 to expand at 6.4% CAGR during 2022-2030.
In terms of service type, the South & Central America sterilization services market is categorized into contract sterilization and microbial reduction services, testing and validation services, equipment, and others. The contract sterilization and microbial reduction services segment held 40.6% share of the South & Central America sterilization services market in 2022, amassing US$ 54.22 million. It is projected to garner US$ 95.81 million by 2030 to expand at 7.4% CAGR during 2022-2030.
By end user, the South & Central America sterilization services market is segmented into medical device companies, pharmaceutical and biopharmaceutical companies, food and beverage, hospitals and clinics, and others. The medical device companies segment held 45.6% share of South & Central America sterilization services market in 2022, amassing US$ 60.89 million. It is projected to garner US$ 107.56 million by 2030 to expand at 7.4% CAGR during 2022-2030.
Based on country, the South & Central America sterilization services market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil held 53.0% share of South & Central America sterilization services market in 2022, amassing US$ 70.69 million. It is projected to garner US$ 125.33 million by 2030 to expand at 7.4% CAGR during 2022-2030.
Key players operating in the South & Central America sterilization services market are Azbil Telstar SLU, Contract Laboratory LLC, Sotera Health Company, and Steris Plc, among others.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America sterilization services market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in South & Central America sterilization services market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Sterilization Services Landscape
4.1 Overview
4.2 South & Central America PEST Analysis
5. South & Central America Sterilization Services Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Prevalence of Healthcare-Associated Infections
5.1.2 Growing Number of Surgical Procedures
5.2 Market Restraints
5.2.1 Stringent Regulation Regarding Chemical Emission
5.3 Market Opportunities
5.3.1 Growing Medical Device Industry
5.4 Future Trends
5.4.1 Constant Developments in Sterilization Technology
5.5 Impact Analysis
6. Sterilization Services Market – South & Central America Market Analysis
6.1 South & Central America Sterilization Services Market Revenue (US$ Mn), 2022 – 2030
7. South & Central America Sterilization Services Market – Revenue and Forecast to 2030 – by Mode of Delivery
7.1 Overview
7.2 South & Central America Sterilization Services Market Revenue Share, by Mode of Delivery 2022 & 2030 (%)
7.3 Offsite Sterilization Services
7.3.1 Overview
7.3.2 Offsite Sterilization Services: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Onsite Sterilization Services
7.4.1 Overview
7.4.2 Onsite Sterilization Services: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Sterilization Services Market – Revenue and Forecast to 2030 – by Method
8.1 Overview
8.2 South & Central America Sterilization Services Market Revenue Share, by Method 2022 & 2030 (%)
8.3 Ethylene Oxide
8.3.1 Overview
8.3.2 Ethylene Oxide: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Chlorine Dioxide
8.4.1 Overview
8.4.2 Chlorine Dioxide: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Gamma Ray
8.5.1 Overview
8.5.2 Gamma Ray: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
8.6 Electron Beam
8.6.1 Overview
8.6.2 Electron Beam: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
8.7 Autoclave Steam
8.7.1 Overview
8.7.2 Autoclave Steam: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Sterilization Services Market – Revenue and Forecast to 2030 – by Service Type
9.1 Overview
9.2 South & Central America Sterilization Services Market Revenue Share, by Service Type 2022 & 2030 (%)
9.3 Contract Sterilization and Microbial Reduction Services
9.3.1 Overview
9.3.2 Contract Sterilization and Microbial Reduction Services: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Testing and Validation Services
9.4.1 Overview
9.4.2 Testing and Validation Services: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
9.5 Equipment Sterilization
9.5.1 Overview
9.5.2 Equipment Sterilization: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
9.5.2.1 Equipment Sterilization Market – By Type Revenue and Forecast to 2030 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
10. South & Central America Sterilization Services Market – Revenue and Forecast to 2030 – by End User
10.1 Overview
10.2 South & Central America Sterilization Services Market Revenue Share, by End User 2022 & 2030 (%)
10.3 Medical Device Companies
10.3.1 Overview
10.3.2 Medical Device Companies: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
10.4 Pharmaceutical and Biopharmaceutical Companies
10.4.1 Overview
10.4.2 Pharmaceutical and Biopharmaceutical Companies: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
10.5 Hospitals and Clinics
10.5.1 Overview
10.5.2 Hospitals and Clinics: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
11. South & Central America Sterilization Services Market – Revenue and Forecast to 2030 – Country Analysis
11.1 South & Central America Sterilization Services Market
11.1.1 Overview
11.1.2 South & Central America Sterilization Services Market Share by Country – 2022 & 2030, (%)
11.1.2.1 Brazil: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
11.1.2.1.1 Overview
11.1.2.1.2 Brazil: South & Central America Sterilization Services Market- Revenue and Forecasts to 2030 (US$ Million)
11.1.2.1.3 Brazil: South & Central America Sterilization Services Market, by Mode of Delivery, 2020-2030 (US$ Million)
11.1.2.1.4 Brazil: South & Central America Sterilization Services Market, by Method, 2020-2030 (US$ Million)
11.1.2.1.5 Brazil: South & Central America Sterilization Services Market, by Service Type, 2020-2030 (US$ Million)
11.1.2.1.5.1 Brazil: South & Central America Sterilization Services Market, For Equipment Sterilization by Service Type, 2020-2030 (US$ Million)
11.1.2.1.6 Brazil: South & Central America Sterilization Services Market, by End User, 2020-2030 (US$ Million)
11.1.2.2 Argentina: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
11.1.2.2.1 Overview
11.1.2.2.2 Argentina: South & Central America Sterilization Services Market- Revenue and Forecasts to 2030 (US$ Million)
11.1.2.2.3 Argentina: South & Central America Sterilization Services Market, by Mode of Delivery, 2020-2030 (US$ Million)
11.1.2.2.4 Argentina: South & Central America Sterilization Services Market, by Method, 2020-2030 (US$ Million)
11.1.2.2.5 Argentina: South & Central America Sterilization Services Market, by Service Type, 2020-2030 (US$ Million)
11.1.2.2.5.1 Argentina: South & Central America Sterilization Services Market, For Equipment Sterilization by Service Type, 2020-2030 (US$ Million)
11.1.2.2.6 Argentina: South & Central America Sterilization Services Market, by End User, 2020-2030 (US$ Million)
11.1.2.3 Rest of South & Central America: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
11.1.2.3.1 Overview
11.1.2.3.2 Rest of South & Central America: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
11.1.2.3.3 Rest of South & Central America: South & Central America Sterilization Services Market, by Mode of Delivery, 2020-2030 (US$ Million)
11.1.2.3.4 Rest of South & Central America: South & Central America Sterilization Services Market, by Method, 2020-2030 (US$ Million)
11.1.2.3.5 Rest of South & Central America: South & Central America Sterilization Services Market, by Service Type, 2020-2030 (US$ Million)
11.1.2.3.5.1 Rest of South & Central America: South & Central America Sterilization Services Market, For Equipment Sterilization by Service Type, 2020-2030 (US$ Million)
11.1.2.3.6 Rest of South & Central America: South & Central America Sterilization Services Market, by End User, 2020-2030 (US$ Million)
12. South & Central America Sterilization Services Market-Industry Landscape
12.1 Overview
12.2 Organic Developments
12.2.1 Overview
12.3 Inorganic Developments
12.3.1 Overview
13. Company Profiles
13.1 Contract Laboratory LLC
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Azbil Telstar SLU
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Sotera Health Company
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Steris Plc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
14. Appendix
14.1 About Us
14.2 Glossary of Terms
LIST OF TABLES
Table 1. South & Central America Sterilization Services Market Segmentation
Table 2. Equipment Sterilization Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 3. Brazil: South & Central America Sterilization Services Market, by Mode of Delivery – Revenue and Forecast to 2030 (US$ Million)
Table 4. Brazil: South & Central America Sterilization Services Market, by Method – Revenue and Forecast to 2030 (US$ Million)
Table 5. Brazil: South & Central America Sterilization Services Market, by Service Type – Revenue and Forecast to 2030 (US$ Million)
Table 6. Brazil: South & Central America Sterilization Services Market, For Equipment Sterilization by Service Type – Revenue and Forecast to 2030 (US$ Million)
Table 7. Brazil: South & Central America Sterilization Services Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 8. Argentina: South & Central America Sterilization Services Market, by Mode of Delivery – Revenue and Forecast to 2030 (US$ Million)
Table 9. Argentina: South & Central America Sterilization Services Market, by Method – Revenue and Forecast to 2030 (US$ Million)
Table 10. Argentina: South & Central America Sterilization Services Market, by Service Type – Revenue and Forecast to 2030 (US$ Million)
Table 11. Argentina: South & Central America Sterilization Services Market, For Equipment Sterilization by Service Type – Revenue and Forecast to 2030 (US$ Million)
Table 12. Argentina: South & Central America Sterilization Services Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 13. Rest of South & Central America: South & Central America Sterilization Services Market, by Mode of Delivery – Revenue and Forecast to 2030 (US$ Million)
Table 14. Rest of South & Central America: South & Central America Sterilization Services Market, by Method – Revenue and Forecast to 2030 (US$ Million)
Table 15. Rest of South & Central America: South & Central America Sterilization Services Market, by Service Type – Revenue and Forecast to 2030 (US$ Million)
Table 16. Rest of South & Central America: South & Central America Sterilization Services Market, For Equipment Sterilization by Service Type – Revenue and Forecast to 2030 (US$ Million)
Table 17. Rest of South & Central America: South & Central America Sterilization Services Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 18. Organic Developments Done by Companies
Table 19. Inorganic Developments Done by Companies
Table 20. Glossary of Terms, South & Central America Sterilization Services Market
LIST OF FIGURES
Figure 1. South & Central America Sterilization Services Market Segmentation, By Country
Figure 2. South & Central America – PEST Analysis
Figure 3. South & Central America Sterilization Services Market: Key Industry Dynamics
Figure 4. South & Central America Sterilization Services Market: Impact Analysis of Drivers and Restraints
Figure 5. South & Central America Sterilization Services Market Revenue (US$ Mn), 2022 – 2030
Figure 6. South & Central America Sterilization Services Market Revenue Share, by Mode of Delivery 2022 & 2030 (%)
Figure 7. Offsite Sterilization Services: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Onsite Sterilization Services: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. South & Central America Sterilization Services Market Revenue Share, by Method 2022 & 2030 (%)
Figure 10. Ethylene Oxide: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Chlorine Dioxide: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Gamma Ray: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Electron Beam: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Autoclave Steam: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Others: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. South & Central America Sterilization Services Market Revenue Share, by Service Type 2022 & 2030 (%)
Figure 17. Contract Sterilization and Microbial Reduction Services: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Testing and Validation Services: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Equipment Sterilization: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Others: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. South & Central America Sterilization Services Market Revenue Share, by End User 2022 & 2030 (%)
Figure 22. Medical Device Companies: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. Pharmaceutical and Biopharmaceutical Companies: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Hospitals and Clinics: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. Others: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. South & Central America Sterilization Services Market, By Key Country – Revenue (2022) (US$ Million)
Figure 27. South & Central America Sterilization Services Market Share by Country – 2022 & 2030, (%)
Figure 28. Brazil: South & Central America Sterilization Services Market- Revenue and Forecasts to 2030 (US$ Million)
Figure 29. Argentina: South & Central America Sterilization Services Market- Revenue and Forecasts to 2030 (US$ Million)
Figure 30. Rest of South & Central America: South & Central America Sterilization Services Market – Revenue and Forecast to 2030 (US$ Million)
The List of Companies – South & Central America Sterilization Services Market
1. BMT Medical Technology s.r.o
2. Endomed Medical and Surgical Supplies
3. Sotera Health Company
4. Steris Plc
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