- Sterilization Indicators
- Sterilization Accessories
- Others (Detergents, Lubricants)
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.
Fastest Growing Market
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.
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.