At 6.9% CAGR, the South & Central America Sterilization Services Market is Projected to be Worth US$ 227.82 Million by 2030, Says Business Market Insights

According to Business Market Insights 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.
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