Terminal Sterilization Market Share

North American Market Forecast

The terminal sterilization market in North America is slated to hold a share of about 40% by the end of 2037. The sector growth in the region is driven by the growing spending in healthcare. The expense of healthcare is currently rising in the United States, and the nation will likely spend more than USD 6 trillion on healthcare by 2028, making up over 15% of the country's GDP. Particularly, in 2022, US healthcare spending increased by around 4%. As a result, there might be an increasing establishment of healthcare facilities, leading to a greater need for terminal sterilization in the region.

APAC Market Analysis

The Asia Pacific region will also encounter substantial growth for the terminal sterilization market during the forecast period and will hold the second position led by the rising rate of medical tourism. India is home to several super specialty hospitals and is more affordable than other countries as a result the country has seen a sharp increase in medical tourism in recent years.

Moreover, India's medical tourism sector has grown significantly, and the country is striving to become the world's top destination for medical tourism. For instance, India is a well-liked medical tourism destination, drawing over a million patients from more than 75 different countries each year.