openPR Logo
Press release

Sterilization Indicator Tape Market to Hit USD 171.5 Million in 2028; Usage of Steam Autoclaves to Sterilize Surgical Instruments will Favor Growth: Fortune Business Insights™

09-02-2021 12:24 PM CET | Health & Medicine

Press release from: Fortune Business Insight

The global sterilization indicator tape market is set to gain momentum from the rising usage of steam autoclaves for purifying surgical instruments, such as lancets, forceps, and scalpels. The National Center for Biotechnology Information declared that when used for 3-12 hours, chemicals, namely, hydrogen peroxide (7.5%), glutaraldehyde (≥2.4%), and peracetic acid (PAA) (0.2%) can sterilize instruments. As per a report by Fortune Business Insights™, titled, “Sterilization Indicator Tape Market, 2021-2028,” the market size was USD 120.3 million in 2020. It is projected to grow from USD 125.4 million in 2021 to USD 171.5 million in 2028 at a CAGR of 4.6% in the forecast period.

Get Sample PDF:

https://www.fortunebusinessinsights.com/enquiry/sample/sterilization-indicator-tape-market-105448

COVID-19 Pandemic: Rising Importance of Sterilizing Medical Instruments to Aid Growth

The outbreak of the COVID-19 pandemic has positively impacted this industry. This occurred mainly due to the surging emphasis on the significance of having infection-free and sanitized medical instruments amid surgical and dental procedures to curb transmission of the virus, as well as prevent hospital acquired infection (HAIs). Our research reports will help you to overcome this grave situation by selecting the right strategy.

Segments-

Steam Indicator TapesSegment to Lead Backed by Sterilization of Reusable Instruments

Based on the application, the market for sterilization indicator tap is divided into healthcare facilities, pharmaceutical & medical device companies, and others. By type, it is segregated into steam indicator tapes and hydrogen peroxide tapes. Amongst these, the steam indicator tapes segment generated the largest sterilization indicator tape market share in 2020. The rising sanitization of reusable instruments would drive the segment.

Quick Buy Sterilization Indicator Tape Market

https://www.fortunebusinessinsights.com/checkout-page/105448

Report Coverage-

The report aims to analyze the sterilization indicator tapes industry by considering contributions, prospects, and growth trends. It presents detailed profiles of every key player operating in the market to analyze their core competencies in each segment. Apart from that, it ensures to help our clients better understand the competitive developments, such as mergers & acquisitions, new product launches, joint ventures, and collaborations.

Drivers & Restraints-

Increasing R&D Activities in Pharmaceutical and Biotechnology Industry to Boost Growth

The rapid expansion of the pharmaceutical and biotechnology industry is one of the most vital reasons responsible for the sterilization indicator tape market growth. Manufacturing facilities are nowadays utilizing these indicator tapes for keeping up with the strict regulatory policies associated with sanitization processes. At the same time, increasing research and development activities worldwide to introduce novel products would bolster growth. The Pharmaceutical Research and Manufacturers of America, for instance, mentioned that in 2018, the biopharmaceutical industry in the U.S. provided a fund of around USD 102 billion in the U.S. to conduct R&D of new products. However, in emerging countries, the lack of awareness about the sterilization process may hamper growth.

Speak to Analyst:

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/sterilization-indicator-tape-market-105448

Regional Insights-

North America Generated Revenues of USD 45.4 Million in 2020: Fortune Business Insights™

Geographically, North America procured USD 45.4 million in 2020 in terms of revenue. The presence of strict regulatory policies governing the sterilization of medical devices and the rising number of hospitals would propel the demand for sterilization indicator tape in this region. On the other hand, Europe is likely to showcase a considerable share in the forthcoming years fueled by the urgent need to prevent hospital-acquired infections. In Asia Pacific, the increasing production of pharmaceutical drugs would accelerate the demand for these indicator tapes.

Competitive Landscape-

Key Players Aim to Compete with Rivals through Mergers and Acquisitions

The global market contains several renowned companies that are majorly focusing on mergers and acquisitions to compete with their rivals. Some of the educational institutions are also conducting extensive R&D activities to come up with innovative products. Below are the two significant industry developments:

December 2020: Researchers at the Indian Institute of Technology Bombay and Massachusetts Institute of Technology (MIT) developed a state-of-the-art system to sterilize medical instruments by utilizing solar heat. It contains a standard autoclave indicator tape that can change color as per minimum exposure requirements.
October 2019: Cantel Medical Corporation acquired Hu-Friedy Mfg. Co., a renowned manufacturer of instrument reprocessing workflow systems and instruments, especially for the dental industry. It will help Cantel to improve the supply chain efficiency of its dental division and cater to the surging concerns of training, education, and technology.
Ask For Customization

https://www.fortunebusinessinsights.com/enquiry/customization/sterilization-indicator-tape-market-105448

A list of prominent manufacturers of sterilization indicator tape present in the global market:

STERIS plc. (U.S.)
3M (U.S.)
Crosstex International, Inc. (U.S.)
Healthmark Industries Company, Inc. (U.S.)
Advanced Sterilization Products (ASP) (U.S.)
GKE GmbH (Germany)
Terragene (Argentina)
Getinge (Sweden)
VP Group (Germany)
Certol International (U.S.)
Propper Manufacturing (U.S.)
PMS Healthcare Technologies Corporation (Turkey)
Kartell (Italy)
Deltalab (Spain)
Hu-Friedy Mfg. Co., LLC (U.S.)
Defend by Young Mydent LLC (U.S.)
Shinva (China)
Jiangmen New Times Adhesive Technology Co., Ltd. (China)
Excelsior Scientific (UK)
4A Medical (Turkey)
Table Of Content

Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Key Mergers, Acquisitions, Partnerships, etc.
Covid-19 Impact on the Market
Global Sterilization Indicator Tape Market Analysis, Insights and Forecast, 2017-2028
Key Findings / Summary
Market Revenue (USD million) and Volume (1,000 Units) Analysis, Insights and Forecast – By Type
Steam Indicator Tapes
Hydrogen Peroxide Tapes
Market Revenue (USD million) and Volume (1,000 Units) Analysis, Insights and Forecast – By Application
Healthcare Facilities
Pharmaceutical & Medical Device Companies
Others
Market Revenue (USD million) and Volume (1,000 Units) Analysis, Insights and Forecast – By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
ToC Continue…

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email:sales@fortunebusinessinsights.com

LinkedIn | Twitter | Blogs

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Sterilization Indicator Tape Market to Hit USD 171.5 Million in 2028; Usage of Steam Autoclaves to Sterilize Surgical Instruments will Favor Growth: Fortune Business Insights™ here

News-ID: 2378550 • Views:

More Releases from Fortune Business Insight

Current State and Future Prospects of the Global Copper Wire Market: Growth Drivers, Key Applications, and Competitive Landscape
Current State and Future Prospects of the Global Copper Wire Market: Growth Driv …
Copper wire is a widely used electrical conductor that is essential for the transmission of electrical power and signals. This article will explore the current state of the copper wire market, including its size, growth, and key drivers. The copper wire market is a significant segment of the global metal industry, which has been witnessing steady growth over the past few years. Copper wire is widely used in various industries, including
Rise of Synthetic Paper: Exploring the Global Market Size, Growth Drivers, and Applications of Sustainable Paper Alternatives
Rise of Synthetic Paper: Exploring the Global Market Size, Growth Drivers, and A …
Synthetic paper is a type of paper-like material made from synthetic resins, which offers durability, water resistance, and tear resistance. This article will explore the current state of the synthetic paper market, including its size, growth, and key drivers. One key point to note in synthetic paper market research is the different types of synthetic paper available. There are several different types of synthetic paper, each with their own unique properties
The Evolving Ammonium Nitrate Market: Growth Drivers, Safety Concerns, and Future Outlook
The Evolving Ammonium Nitrate Market: Growth Drivers, Safety Concerns, and Futur …
The ammonium nitrate market has been in the news recently due to its use in the production of fertilizers, as well as its role in several high-profile incidents, including explosions. This article will explore the current state of the ammonium nitrate market, including its size, growth, and key drivers. The ammonium nitrate market refers to the global market for the production, distribution, and use of ammonium nitrate, a chemical compound widely
Global Industrial Insulation Market: Trends, Drivers, and Growth Opportunities | Insulating for Efficiency and Safety: Exploring the Industrial Insulation
Global Industrial Insulation Market: Trends, Drivers, and Growth Opportunities | …
The industrial insulation market has experienced significant growth in recent years due to increased demand from various industries. This blog post will explore the industrial insulation market, including its size, growth, and key drivers. Additionally, we will discuss the various types of insulation used in industry and their benefits. The industrial insulation market refers to the market for various types of insulation materials and solutions used in industrial applications. Industrial insulation

All 5 Releases


More Releases for USD

$100,000,000 USD job contract for travel - $3,000,000 USD referral commission.
Khoja Consultants invites companies, teams or venture capitalists for a $100,000,000 USD contract for travel. The selected company will be providing all accommodations and expenses for a 6-month long business trip around the world. Khoja Consultants expects five-star treatment including close security with private planes, hotels, secured vehicles and helicopters if necessary. More details on the job contract and application are provided at - www.KhojaConsultants.com. There is a $3,000,000
Primary Alkaline Batteries Market Worth USD 14.58 Billion USD by 2026
The Global Primary Alkaline Batteries market size was valued at 10.31 Billion USD in 2019 and is projected to reach 14.58 Billion USD by 2026, at a CAGR of 5% during the forecast period. An Primary Alkaline Batteries is a type of primary battery, which derives its energy from the reaction between zinc metal and manganese dioxide. Get Detailed Analysis of COVID-19 Impact on Primary Alkaline Batteries Market @ https://reports.valuates.com/request/sample/QYRE-Othe-0I169/Global_Primary_Alkaline_Battery_Market This report presents
IOT Solutions Market worth USD 553.9 million USD by 2026
"The global IoT solutions market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cybersecurity as a service market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa." These days many businesses are adopting a market research report
Eubiotics Market Set to Exceed USD USD 8.60 Billion by 2026
According to a new study published by Polaris Market Research the global eubiotics market is anticipated to reach USD 8.60 billion by 2026. The tightening and stringent restrictions on the use of antibiotic growth promoters along with the surging consumer pressure on food safety and consumer preferences are expected to be the major factors driving demand for these products that work as substitutes to in-feed eubiotics. Eubiotics or specific organic
Polyurethane Dispersions Market worth USD 2.04 Billion USD by 2020
The report " Polyurethane Dispersions Market by Type (Water-Based Polyurethane Dispersions and Solvent-Based Polyurethane Dispersions), by Application (Coatings, Adhesives & Sealants, Synthetic Leather Production, Fiber Glass Sizing, and Others) - Trends & Forecasts to 2020", The global polyurethane dispersions market is projected to reach USD 2.04 Billion by 2020 at a CAGR of 6.8% between 2015 and 2020. This growth is fueled by the high potential from the textile and
Retail Analytics Market worth USD 5.1 Billion USD by 2020
According to a new market research report "Retail Analytics Market by Business Function (Marketing and Customer Analytics, Merchandizing and In-Store Analytics, Supply Chain Analytics, Strategy and Planning), by Type, by Solutions and by Services - Global Forecast and Analysis to 2020", defines and segments the global retail analytics market on the basis of business function, solutions, services, deployment types, and regions along with providing an in-depth analysis and market size