Latin America Sterilization Services Market

Latin America Sterilization Services Market Size (2024 to 2029)

As per the report, the Sterilization Services market Size in Latin America is valued at USD 0.77 billion in 2022 and is expected to grow at a CAGR of 7.53% to reach USD 1.11 billion by 2027.

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.