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Latin America Sterilization Equipment Market Research Report - Segmented By Product, End User Consumables & Accessories & Country (Mexico, Brazil, Argentina, Chile and Rest of Latin America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2022 to 2027)

Published: January, 2022
ID: 2978
Pages: 140

Latin America Sterilization Equipment Market Size (2022 to 2027)

The size of the Sterilization Equipment Market in Latin America is expected to be worth USD 0.54 Billion in 2022. It is expected to be growing at a CAGR of 8.1% and worth USD 0.80 Billion by 2027.

In many industries, including healthcare, sterilization is a critical step. This method is used in the healthcare industry to eliminate, destroy, or kill biological things to maintain a hygienic or sterile environment. In hospitals, this method is commonly used to reduce hospital-acquired infections.

Factors such as rising hospital-acquired infection rates, the impact of the COVID-19 pandemic, the rising number of surgical procedures, growing sterilization demand in the food industry to prevent food-borne diseases are driving the growth of the Latin American sterilization equipment market. In addition, rising sterilization demand in the pharmaceutical and biotechnology industries and the growing geriatric population are some other factors expected to propel the sterilization equipment market in this region.

The rising frequency of chronic diseases has resulted in a large increase in hospital admissions. In hospitals and clinics, blankets, sterile fluids, and equipment are just a few necessities. Sterilization equipment effectively fulfills the aim in such instances, as it reduces the danger of infection transmission among patients while also improving treatment delivery. As a result, the rising prevalence of chronic diseases is likely to boost market growth throughout the forecast period.

Sterilization instruments, sterilization consumables and accessories, and sterilization services make up the sterilization equipment market.

The high cost of sterilizers, the growing demand for disposable surgical instruments, stringent regulatory standards for approval, production, and use of these devices, as well as the disadvantages of chemical sterilant in some equipment, which may cause eye and skin damage, have all stifled the sterilization equipment market in the Latin American region.

This research report on the Latin American sterilization equipment market has been segmented and sub-segmented into the following categories:

By Product: 

  • Low-Temperature/High-Temperature Heat Sterilization
  • Filtration Sterilization Equipment
  • Ionizing Radiation Sterilization Equipment

By End User: 

  • Pharmaceutical Companies
  • Medical Device Companies
  • Hospitals
  • Food & Beverage companies

By Consumables and Accessories: 

  • Detergents
  • Sterilization Accessories
  • Sterilization Indicators
  • Pouches
  • Lubricants

By Country: 

  • Mexico
  • Brazil
  • Argentina
  • Chile
  • Rest of Latin America

Geographically, the market is expected to pick up its growth since factors such as rising demand for sterilized equipment, a growing number of hospital-acquired diseases, and an increasing geriatric population are driving the Latin American sterilization equipment market.

The Latin American sterilization equipment market is predicted to gain up steam due to factors such as rising demand for sterilized equipment, an increase in hospital-acquired infections, and an aging population. Due to various causes, including an improving healthcare sector and a rising medical tourism business, Latin American countries are expected to experience significant growth. Furthermore, the region’s high healthcare spending has increased the demand for modern sterilization technologies in hospitals and medical institutes. As a result, there is a higher usage of such equipment in Mexico. Furthermore, the expanding medical tourism business, combined with the affordable availability of sophisticated sterilizing technology, expands the market in Brazil significantly.

The sterilizing equipment market in Mexico is primarily driven by the rising cases of hospital-acquired infections and the high frequency of chronic diseases. Intensive care units in hospitals are thought to be the sites of the most serious and frequent infections. Furthermore, most of the country’s population is obese, making them vulnerable to chronic illnesses, including cancer and cardiovascular disease.

Moreover, during the pandemic outbreak, sterilization plays a critical role in limiting virus spread. As a result, these variables boost hospital sterilization device demand, broadening the breadth and growth of Mexico’s sterilization equipment market.

Matachana is a leading provider of technical solutions in the healthcare and life sciences industries. The company’s main goal is to supply high-quality goods and services to its customers. Its activities, which are centered on sterilization, washing, and surgical units, are helping to drive the region’s sterilization market forward.

KEY MARKET PLAYERS:

Companies dominating the Latin American sterilization equipment market profiled in this report are STERIS Corporation (U.S.), Getinge Group (Sweden), Advanced Sterilization Products (U.S.), 3M Company (U.S.), Belimed AG (Switzerland), Cantel Medical Corporation (U.S.), Anderson Products, Inc. (U.S.), Matachana Group (S.A.), MMM Group (Germany) and Sterigenics International, Inc. (U.S.).

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 Product                        

                                5.1.1 Low-Temperature/High-Temperature Heat Sterilization    

                                5.1.2 Filtration Sterilization Equipment  

                                5.1.3 Ionizing Radiation Sterilization Equipment 

                                5.1.4  Y-o-Y Growth Analysis, By Product              

                                5.1.5  Market Attractiveness Analysis, By Product            

                                5.1.6  Market Share Analysis, By Product              

                5.2 End Users                    

                                5.2.1 Pharmaceutical Companies              

                                5.2.2 Medical Device Companies              

                                5.2.3 Hospitals  

                                5.2.4 Food & Beverage Companies          

                                5.2.5 Other end users   

                                5.2.6 Y-o-Y Growth Analysis, By End Users           

                                5.2.7 Market Attractiveness Analysis, By End Users         

                                5.2.8 Market Share Analysis, By End Users           

                5.3 Consumables and Accessories                           

                                5.3.1 Detergents             

                                5.3.2 Sterilization Accessories    

                                5.3.3 Sterilization Indicators        

                                5.3.4 Pouches   

                                5.3.5 Lubricants

                                5.3.6 Y-o-Y Growth Analysis, By Consumables and Accessories   

                                5.3.7  Market Attractiveness Analysis, By Consumables and Accessories                

                                5.3.8  Market Share Analysis, By Consumables and Accessories 

                5.4 Site of Sterilization                  

                                5.4.1 Offsite Sterilization Services            

                                                5.4.1.1 E-Beam Sterilization Services

                                                5.4.1.2 Ethylene Oxide Sterilization Services

                                                5.4.1.3 Other Sterilization Services

                                                5.4.1.4 Gamma Sterilization Services

                                5.4.2 Onsite Sterilization Services             

                                                5.4.2.1 E-Beam Sterilization Services

                                                5.4.2.2 Ethylene Oxide Sterilization Services

                                                5.4.2.3 Other Sterilization Services

                                5.4.3 Y-o-Y Growth Analysis, By Site of Sterilization          

                                5.4.4 Market Attractiveness Analysis, By Site of Sterilization        

                                5.4.5 Market Share Analysis, By Site of Sterilization         

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 Product

                                                6.1.3.2 By End Users

                                                6.1.3.3 By Consumables and Accessories

                                                6.1.3.4 By Site of Sterilization

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Product

                                                6.1.4.2 By End Users

                                                6.1.4.3 By Consumables and Accessories

                                                6.1.4.4 By Site of Sterilization

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Product

                                                6.1.5.2 By End Users

                                                6.1.5.3 By Consumables and Accessories

                                                6.1.5.4 By Site of Sterilization

                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                              

  1. Latin America Sterilization Equipment Market By Product, From 2022 - 2027 (USD Million)
  2. Latin America Low-Temperature/ High-Temperature Heat Sterilisation Market By Region, From 2022 - 2027 (USD Million)
  3. Latin America Filteration Sterilization Equipment Market By Region, From 2022 - 2027 (USD Million)
  4. Latin America Ionizing Radiation Sterilization Equipment Market By Region, From 2022 - 2027 (USD Million)
  5. Latin America Sterilization Equipment Market By End Users, From 2022 - 2027 (USD Million)
  6. Latin America Pharmaceutical Companies Market By Region, From 2022 - 2027 (USD Million)
  7. Latin America Medical Device Companies Market By Region, From 2022 - 2027 (USD Million)
  8. Latin America Hospitals Market By Region, From 2022 - 2027 (USD Million)
  9. Latin America Food & Beverage Companies Market By Region, From 2022 - 2027 (USD Million)
  10. Latin America Other end users Market By Region, From 2022 - 2027 (USD Million)
  11. Latin America Sterilization Equipment Market By Consumables and Accessories, From 2022 - 2027 (USD Million)
  12. Latin America Detergents Market By Region, From 2022 - 2027 (USD Million)
  13. Latin America Sterilization Accessories Market By Region, From 2022 - 2027 (USD Million)
  14. Latin America Sterilization Indicators Market By Region, From 2022 - 2027 (USD Million)
  15. Latin America Pouches Market By Region, From 2022 - 2027 (USD Million)
  16. Latin America Lubricants Market By Region, From 2022 - 2027 (USD Million)
  17. Brazil Sterilization Equipment Market By Product, From 2022 - 2027 (USD Million)
  18. Brazil Sterilization Equipment Market By End Users, From 2022 - 2027 (USD Million)
  19. Brazil Sterilization Equipment Market By Consumables and Accessories, From 2022 - 2027 (USD Million)
  20. Argentina Sterilization Equipment Market By Product, From 2022 - 2027 (USD Million)
  21. Argentina Sterilization Equipment Market By End Users, From 2022 - 2027 (USD Million)
  22. Argentina Sterilization Equipment Market By Consumables and Accessories, From 2022 - 2027 (USD Million)
  23. Mexico Sterilization Equipment Market By Product, From 2022 - 2027 (USD Million)
  24. Mexico Sterilization Equipment Market By End Users, From 2022 - 2027 (USD Million)
  25. Mexico Sterilization Equipment Market By Consumables and Accessories, From 2022 - 2027 (USD Million)
  26. Rest of Latin America Sterilization Equipment Market By Product, From 2022 - 2027 (USD Million)
  27. Rest of Latin America Sterilization Equipment Market By End Users, From 2022 - 2027 (USD Million)
  28. Rest of Latin America Sterilization Equipment Market By Consumables and Accessories, From 2022 - 2027 (USD Million)

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