Offsite Sterilization Held Largest Share of Mode of Delivery Segment in Portugal Sterilization Services Market

According to our new research study on "Portugal Sterilization Services Market Forecast to 2030 – Country Analysis – by Mode of Delivery, Method, Service Type, and End User," the market size was valued at US$ 99.72 million in 2022 and is projected to reach US$ 162.34 million by 2030. It is estimated to register a CAGR of 6.3% during 2022–2030.

Top revenue-generating medical device companies are investing significantly in the R&D of advanced technologies and sterilization services in Portugal. Medical devices and equipment are an essential part of monitoring 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. Portugal has ~200 companies distributing medical devices. The public sector makes over 80% of medical device expenditure in Portugal, while 20% of sales are generated from the private sector. Furthermore, products holding high sales potential in the Portuguese market are surgery equipment, patient monitoring systems, mini-invasive surgery (MIS) equipment, noninvasive medical apparatus, video endoscopes, X-Ray equipment, digital image processing, magnetic resonance imaging (MRI) equipment, and picture archiving systems, among others. Thus, the healthcare market requires proper management of safety standards to get clearance from regulatory bodies such as the EMA. It is expected that the budget for healthcare will be on a rise in the coming future because in 2022 Portugal’s budget allocation for health care increased by 6.7% compared to 2021. The medical market in Portugal shows opportunities for innovative medical devices and diagnostic equipment.  The aforementioned factors are likely to continue to provide lucrative opportunities for the Portugal sterilization services market growth during the forecast period.  

Steris Plc, Ecolab Inc, Azbil Telstar, TUV SUD AG, Sterifast Sterilization & Disinfection Systems Lda, Oneprotec Europe Lda, Steelco SpA, ASP Global Manufacturing GmbH, and Ionisos are a few prominent players operating in the Portugal sterilization services market.

Companies are launching new and innovative products and services to sustain their position in the Portugal sterilization services market. 

• In June 2023, STERIS plc. signed a definitive agreement to purchase the surgical instrumentation, laparoscopic instrumentation, and sterilization container assets from Becton, Dickinson and Company. STERIS anticipates that the acquisition will qualify for a tax benefit related to tax-deductible goodwill, with a present value of approximately US$ 60 million.
• In January 2023, Ionisos and Studer Cables AG announced an agreement under which Ionisos acquired an E-beam sterilization and cross-linking facility from Studer Cables AG in Däniken, Switzerland. The acquisition increases Ionisos' sterilization capacity, diversifying its technology mix and extending its geographic footprint in Europe.

The report segments the Portugal sterilization services market as follows:

The Portugal sterilization services market is segmented on the basis of the mode of delivery, method, service type, and end user. Based on the mode of delivery, the market is bifurcated into offsite sterilization services and onsite sterilization services. In terms of method, the Portugal sterilization services market is divided into ethylene oxide sterilization, chlorine dioxide sterilization, gamma ray sterilization, electron beam sterilization, steam sterilization, and others. The Portugal sterilization services market, by service type, is segmented into contract sterilization and microbial reduction services, equipment sterilization, testing and validation services, technical support, and others. Based on end user, the Portugal sterilization services market is segmented into medical device companies, pharmaceutical and biopharmaceutical companies, hospitals and clinics, and others.

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