Press release
By 2024, Chemical Indicator Inks Market in Europe to record a CAGR of 8%
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Sterilization processes are mostly used to sterilize and disinfect surgical equipment owing to its direct patient contact during surgery. The growing use of these processes to prevent hospital- acquired infections will promote the growth for chemical indicator inks over the coming years. As per Global Market Insights Inc., “Chemical Indicator Inks Market size worth USD 35 million in 2015, is anticipated to reach USD 78.30 million mark by 2024, growing at a CAGR of 7% over the period of 2016-2024.” In addition to this, advanced sterilization processes such as vaporized hydrogen & plasma, steam, ethylene oxide, and formaldehyde are predicted to further stimulate the chemical indicator inks market growth over the coming years. The global surgical instrument industry produced a revenue over USD 5.5 billion in 2015 and is expected to boost industry growth significantly.
Sterilization processes have a great significance in surgical equipment industry and is classified into steam, formaldehyde, vaporized hydrogen & plasma, and ethylene oxide process. Steam sterilization process produced revenue of USD 15 million in 2015 and is mostly preferred in medical sterilization application as it is nontoxic, sporicidal, microbicidal, heats quickly, and penetrates fabrics.
Ethylene oxide sterilization process is anticipated to record a CAGR of 8% over the period of 2016-2024 owing to its use in pharmaceutical & medical products sterilization as well as its use in low temperature applications. Formaldehyde sterilization process is projected to record a CAGR of 7% over the forecast timeframe, owing to its use as a disinfectant for deactivating microorganisms through alkylation.
Global chemical indicator inks market is primarily driven by its applications in thermoformed trays, sterile bags, tapes, sterile bottles, IV & blood containers, pouches, refillable syringes, and tags & labels. They are also used in canned foods like fish & meat to provide information about the sterilization process completion and thus avoid excessive overheating of foods resulting in retention of food nutrients. Chemical indicator inks market demand in Sterile bags applications was over USD 3.5 million in 2015 and is predicted to increase over the forecast period.
Water-based chemical indicator inks market is predicted to witness highest gains at 8% over the forecast period owing to strict government norms favoring solvents such as water due to their ecofriendly features.
Browse key industry insights spread across 150 pages with 269 market data tables & 16 figures & charts from the report, “Chemical Indicator Inks Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/chemical-indicator-inks-market
Key chemical indicator inks market players include 3M, Terragene SA, NiGK Corporation, STERIS, North American Science Association (NAMSA), Riken Chemical, Crosstex International Incorporation, and gke GmbH.
Glimpse of Table of Content (ToC)
Chapter 4. Chemical Indicator Inks Market Sterilization Process Insights
4.1. Global chemical indicator inks market share by sterilization process, 2015 & 2024
4.2. Steam
4.2.1. Market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.3. Ethylene Oxide
4.3.1. chemical indicator inks market estimates and forecast, 2013 - 2024
4.3.2. Market estimates and forecast, by region, 2013 - 2024
4.4. Vaporized Hydrogen & Plasma Sterilization
4.4.1. Market estimates and forecast, 2013 - 2024
4.4.2. chemical indicator inks market estimates and forecast, by region, 2013 – 2024
4.5. Formaldehyde
4.5.1. Market estimates and forecast, 2013 - 2024
4.5.2. Market estimates and forecast, by region, 2013 – 2024
4.6. Others
4.6.1. chemical indicator inks market estimates and forecast, 2013 - 2024
4.6.2. Market estimates and forecast, by region, 2013 – 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/chemical-indicator-inks-market
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Arun Hegde
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Global Market Insights, Inc.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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