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Pulished Date April, 2021
ID: 7928
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Latin America Sterilization Services Market Research Report - Segmented By Method, Type, End User & By Country (Mexico, Brazil, Argentina, Chile & Rest of Latin America) - Industry Size, Share, Growth, Trends, And Forecast (2021 to 2026)

Pulished: April, 2021
ID: 7928
Pages: 145

Latin America Sterilization Services Market Size (2021 to 2026)

As per the report, the Sterilization Services market Size in Latin America is valued at USD 0.77 billion in 2021 and is expected to grow at a CAGR of 7.53% to reach USD 1.11 billion by 2026.

Sterilization services are used by the medical technology industry to sterilize equipment used for medical and diagnostic purposes. This sterilization equipment helps eradicate bacteria and microorganisms from devices used in Labs, Hospitals, and all the diagnostic tools.

The factors majorly driving the Latin American sterilization services market growth include the rise in the geriatric population, rise in the incidence of vulnerable diseases. The geriatric population leads to many nursing staff and hospitality, which ultimately leads to daily sterilization of things used for medical purposes. The rise in vulnerable diseases also leads to a more significant number of surgeries performed. Hence, the number of surgeries performed is more, where the maintenance and sterilization of the medical tools and devices are also needed daily in Hospitals, Clinics, Diagnostic centers. An increase in HAI’s is one more factor creating a boom for the sterilization services market in Latin America. Healthcare-associated infections (HAIs) can happen in any healthcare facility, including hospitals, ambulatory surgical centers, end-stage renal disease facilities, and long-term care facilities. G

Generally, in Hospitals, the spread of infection rate is high and needs to be careful with surgery rooms and ICU wards because of the faster pace of the spread of infection. The maintenance of the equipment used to perform surgeries is handled with care. Sterilization of medical equipment is done daily before performing the treatment and after completing treatment. Outsourcing services of a sterilization process for pharmaceutical industries, validation of equipment in hospitals and markets, food and beverage Industrial tools sterilization also added benefits for market growth.

Along with market growth, the sterilization market faced market restraints that held back the market's growth. These days to prevent the spread rate of infections in hospitals, the reuse of medical equipment is prohibited and followed with strict rules. This scenario causes the market to restrain. In the process of acquiring more preventive measures to eradicate Hospital-acquired infections (HAI's), the onset of usage of the reusable process for medical equipment is reduced. Recently there are more concerns raised over ethylene oxide in sterilization plants, due to which the plants have been closed in the region of America. Pollution control board pointed issues over standards of ethylene oxide in the sterilization services market. Hence this impacted the growth of the market in the USA.

Latin America Sterilization Services Market has been segmented and sub-segmented into the following categories:

  • By Method: Steam, Ethylene Oxide, Gamma, E-beam.
  • By Type: Contract Sterilization Services, Validation Services.
  • By End User: Hospitals and Clinics, Food and Beverage, Pharmaceuticals.
  • By Country: Mexico, Brazil, Argentina, Chile & Rest of Latin America

Based on the region, the market in Latin America is second to last in the market share. Most of the American countries failed to meet the standards for ethylene oxide in sterilization industries, and hence the ETO (ethylene oxide) concerns are impacting the U.S. market. According to MedTech Dive, in 2019, Medline Industries closed one of its sterilization facilities in Waukegan, Illinois. It is because; it failed to meet new state standards for ethylene oxide.

In LATAM, the presence of a large population leads to a high demand for sterilization technologies. The medical infrastructure and facilities, more number of Hospitals, Clinics in this region boost the market growth in Latin America.

Noteworthy Companies dominating the Latin America Sterilization Services Market Profiled in the Report are STERIS Corporation, Getinge Group, Advanced Sterilization Products, 3M Company, Belimed AG, Cantel Medical Corporation, Anderson Products Inc., Matachana Group, MMM Group, and Sterigenics International Inc.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Method                       

                                5.1.1 Introduction           

                                5.1.2 Steam       

                                5.1.3 Ethylene Oxide     

                                5.1.4 Gamma    

                                5.1.5 E-beam     

                                5.1.6  Y-o-Y Growth Analysis, By Method              

                                5.1.7  Market Attractiveness Analysis, By Method            

                                5.1.8  Market Share Analysis, By Method             

                5.2 Type                              

                                5.2.1 Introduction           

                                5.2.2 Contract Sterilization Services         

                                5.2.3 Validation Services              

                                5.2.4 Y-o-Y Growth Analysis, By Type     

                                5.2.5 Market Attractiveness Analysis, By Type   

                                5.2.6 Market Share Analysis, By Type     

                5.3 End User                      

                                5.3.1 Introduction           

                                5.3.2 Hospitals and Clinics            

                                5.3.3 Food and Beverage             

                                5.3.4 Pharmaceuticals   

                                5.3.5 Y-o-Y Growth Analysis, By End User             

                                5.3.6  Market Attractiveness Analysis, By End User          

                                5.3.7  Market Share Analysis, By End User            

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Method

                                                6.1.3.3 By Type

                                                6.1.3.4 By End User

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Method

                                                6.1.4.3 By Type

                                                6.1.4.4 By End User

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Method

                                                6.1.5.3 By Type

                                                6.1.5.4 By End User

                6.2 Brazil                             

                6.3 Mexico                         

                6.4 Rest of Latin America                             

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 STERIS Corporation                 

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Getinge Group                          

                8.3 Advanced Sterilization Products                        

                8.4 3M Company                             

                8.5 Belimed AG                

                8.6 Cantel Medical Corporation                 

                8.7 Anderson Products Inc.                         

                8.8 Matachana Group                   

                8.9 MMM Group                             

                8.10 Sterigenics International Inc.                            

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10.Market Outlook and Investment Opportunities                                          

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of Method, by  End-user along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

                                                                                                                          

  1. Latin America Sterilization Services Market, By Method, From 2021 to 2026 (USD Million)
  2. Latin America Steam Market, By Region, From 2021 to 2026 (USD Million)
  3. Latin America Ethylene Oxide Market, By Region, From 2021 to 2026 (USD Million)
  4. Latin America Gamma Market, By Region, From 2021 to 2026 (USD Million)
  5. Latin America E-beam Market, By Region, From 2021 to 2026 (USD Million)
  6. Latin America Sterilization Services Market, By Type, From 2021 to 2026 (USD Million)
  7. Latin America Contract Sterilization Services Market, By Region, From 2021 to 2026 (USD Million)
  8. Latin America Validation Services Market, By Region, From 2021 to 2026 (USD Million)
  9. Latin America Sterilization Services Market, By End User, From 2021 to 2026 (USD Million)
  10. Latin America Hospitals and Clinics Market, By Region, From 2021 to 2026 (USD Million)
  11. Latin America Food and Beverage Market, By Region, From 2021 to 2026 (USD Million)
  12. Latin America Pharmaceuticals Market, By Region, From 2021 to 2026 (USD Million)
  13. Brazil Sterilization Services Market, By Method, From 2021 to 2026 (USD Million)
  14. Brazil Sterilization Services Market, By Type, From 2021 to 2026 (USD Million)
  15. Brazil Sterilization Services Market, By End User, From 2021 to 2026 (USD Million)
  16. Argentina Sterilization Services Market, By Method, From 2021 to 2026 (USD Million)
  17. Argentina Sterilization Services Market, By Type, From 2021 to 2026 (USD Million)
  18. Argentina Sterilization Services Market, By End User, From 2021 to 2026 (USD Million)
  19. Mexico Sterilization Services Market, By Method, From 2021 to 2026 (USD Million)
  20. Mexico Sterilization Services Market, By Type, From 2021 to 2026 (USD Million)
  21. Mexico Sterilization Services Market, By End User, From 2021 to 2026 (USD Million)
  22. Rest of Latin America Sterilization Services Market, By Method, From 2021 to 2026 (USD Million)
  23. Rest of Latin America Sterilization Services Market, By Type, From 2021 to 2026 (USD Million)
  24. Rest of Latin America Sterilization Services Market, By End User, From 2021 to 2026 (USD Million)

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