Product Code: BMIRE00029621
The South & Central America sterilization services market was valued at US$ 133.46 million in 2022 and is expected to reach US$ 227.82 million by 2030; it is estimated to grow at a CAGR of 6.9% from 2022 to 2030.
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 Sao 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.
Table Of Contents
Table of Content
1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
2. Executive Summary
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
- 12.3 Inorganic Developments
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