Latin America Sterilization Equipment Market: By Product Type (Sterilization Indicators, Sterilization Accessories, Others (Detergents, Lubricants)), By Technology (Pre-Vacuum, Gravity Displacement, Steam-Flush Pressure Pulse), By Sterilization type (Moist Heat Sterilization, Dry Heat Sterilization, Low Temperature Sterilization, Filtration Sterilization, Radiation Sterilization, Others), By Site of Sterilization (Onsite Sterilization, Offsite Sterilization), By End-User (Hospitals, Pharmaceutical Companies, Food And Beverages Companies, Medical Devices Companies, Research Institutes, Others), and Geography

 

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Latin America Sterilization Equipment Market size was valued at XX billion in 2021 and expected to reach USD XX billion by 2028, at a CAGR of X% during the forecast period 2022-2028. Sterilization is the process of destroying the living micro-organisms that includes transmissible agents such as spore forms, bacteria, fungi, and unicellular eukaryotic organisms from medical equipment, surface, and fluids and among others. Sterilization is mandatory in medical industry to improve the efficacy and safety of the instruments. Sterilization can be done by various processes such as chemical, heat, high pressure, irradiation, and filtration. Chronic diseases such as HIV and lethal hepatitis may attack due to the use of unsterilized equipment. Increase in the incidence of hospital-acquired infections, rise in the number of surgical procedures, and government initiations to maintain the public health, economic development, business expansion by the market players into Latin America region majorly in Brazil and Argentina are anticipated to fuel the market. Moreover, technological advancements in the sterilization process, stringent regulations for infection control and medical safety, and rising investment in healthcare infrastructure are expected to boost the market over forecast period. However, high cost of sterilization equipment and regulatory issues are expected to hamper the growth of sterilization equipment market. Geographically, Latin America sterilization equipment market is gives Size, Share, trends and segmented into Brazil, Argentina, Mexico, Venezuela, and Rest of Latin America. Brazil sterilization equipment market driven by expansion of business by the market players into Latin America region. For instance, in August 2015, Sterigenics International LLC expanded its sterilization service capabilities in Latin America region by the acquisition of Latin American sterilization firm Companhia Brasileira De Esterilizacao (CBE). Moreover, increase in the number of cosmetic surgeries, high demand for non-disposable surgical devices, and increase in the number of pharmaceuticals, medical devices companies are expected to propel the market in Latin America region.

Latin America Sterilization Equipment Market Summary

Study Period

2023-29

Base Year

2022

CAGR

X%

Largest Market

N/A

Fastest Growing Market

N/A
Latin America Sterilization Equipment Market Dynamics

Increase in the prevalence of hospital-acquired infections, growing number of pharmaceutical, medical devices companies, the rise in the number of surgical procedures, and government initiations to maintain the sterilization standards in research centres and hospitals are anticipated to fuel the market. Moreover, technological advancements in the sterilization process, stringent regulations for infection control and medical safety, and rising investment in healthcare infrastructure are expected to boost the market over the forecast period. However, the high cost of sterilization equipment, saturated development markets, and regulatory issues are hampering the growth of sterilization equipment market.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Latin America Sterilization Equipment Market Segmentation

product type
  • Sterilization Indicators
  • Sterilization Accessories
  • Others (Detergents, Lubricants)
technology
  • Pre-Vacuum
  • Gravity Displacement
  • Steam-Flush Pressure Pulse
sterilization type
  • Moist Heat Sterilization
  • Dry Heat Sterilization
  • Low-Temperature Sterilization
  • Filtration Sterilization
  • Radiation Sterilization
  • Others
site-sterilization
  • Onsite Sterilization
  • Offsite Sterilization

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

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  • 3M Company (U.S.)
  • Getinge Group (Sweden)
  • STERIS Corporation (U.S.)
  • Matachana Group (Spain)
  • Sterigenics International, Inc. (U.S.)
  • Advanced Sterilization Products (U.S.)
  • Anderson Products, Inc. (U.S.)