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Portugal Sterilization Services Market is expected to reach US$ 162.34 million by 2030

Portugal Sterilization Services Market is growing at a CAGR of 6.3% to reach US$ 162.34 million by 2030 from US$ 99.72 million in 2022 by Mode of Delivery, Method, Service Type, and End User.

By The Insight Partners

Offsite Sterilization Services Held Larger Share of Portugal Sterilization Services Market

According to our new research study on "Portugal Sterilization Services Market Forecast to 2030 – Country Analysis – by Mode of Delivery, Method, Service Type, and End User," the market was valued at US$ 99.72 million in 2022 and is projected to reach US$ 162.34 million by 2030. It is estimated to register a CAGR of 6.3% during 2022–2030.

Medical devices are sterilized in different ways; these include the application of dry heat, moist heat (steam), vaporized hydrogen peroxide, radiation, ethylene oxide gas, and other sterilization methods such as vaporized peracetic acid, chlorine dioxide gas, and nitrogen dioxide. The sterilization process for some products is delicate and complex, requiring higher quality standards. The demand for sterilization processes for medical devices is continuously growing due to the increasing number of hospital-acquired infections, rising counts of surgical procedures, greater attention toward disinfection, and the growth of the pharmaceutical and biotechnology sectors.

Based on the mode of delivery, the Portugal sterilization services market is bifurcated into offsite sterilization services and onsite sterilization services. The offsite sterilization segment held a larger market share in 2022. The onsite sterilization segment is anticipated to register a higher CAGR 6.6% during 2022–2030. Many hospitals opt for offsite sterilization services due to the increasing number of service providers and the rising trend of outsourcing sterilization services. Offsite sterilization services have been proven to be cost-effective for hospitals. Moreover, companies in this business appoint qualified staff with excellent technical know-how to provide improved services, alongside maintaining high standards by complying with government regulations. Moreover, they are developing innovative solutions to reduce the time and cost for customers, which triggers the demand for offsite sterilization services.

Before the onset of the COVID-19 pandemic, the sterilization services market was experiencing steady growth and was influenced by various factors that shaped its dynamics. The pandemic had a positive impact on the sterilization services market growth. Sterilization became an important process to directly combat SARS-CoV-2 and stop the spread of the virus, especially in healthcare facilities. 

Steris Plc, Ecolab Inc, Azbil Telstar, TUV SUD AG, Sterifast Sterilization & Disinfection Systems Lda, Oneprotec Europe Lda, Steelco SpA, ASP Global Manufacturing GmbH, and Ionisos are among the leading companies operating in the Portugal sterilization services market.

The report segments the Portugal sterilization services market as follows:

The Portugal sterilization services market is segmented on the basis of the mode of delivery, method, service type, and end user. Based on the mode of delivery, the market is bifurcated into offsite sterilization services and onsite sterilization services. In terms of method, the sterilization services market is divided into ethylene oxide sterilization, chlorine dioxide sterilization, gamma ray sterilization, electron beam sterilization, steam sterilization, and others. The sterilization services market, by service type, is segmented into contract sterilization and microbial reduction services, equipment sterilization, testing and validation services, technical support, and others. Based on end user, the sterilization services market is segmented into medical device companies, pharmaceutical and biopharmaceutical companies, hospitals and clinics, and others.

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