Press release
Sterilization Pouches Market Report 2021, Size, Industry Share, Development Factor, Restraining Factor, Growth and Forecast by 2027
The global sterilization pouches market size is projected to reach USD 44,612.37 million by 2027, exhibiting a CAGR of 5.51% during the forecast period. Spread of infections through contaminated medical devices is set to spike the demand for sterilization containers, shares Fortune Business Insights™ in its report, titled “Sterilization Pouches Market Size, Share & Industry Analysis, By Type (Sterilization Pouches {Paper Pouches, Plastic Pouches}, Sterilization Wrapping, Sterilization Containers and Others), By Application (Hospitals, CSSDs, Clinics & and Others) and Regional Forecast, 2020-2027”. Medical devices are indispensible items in any healthcare facility, being employed in various kinds of health procedures. These devices need to be stored in sterile environments to prevent them from getting contaminated. However, medical equipment is one of the primary causes of spread of healthcare-associated infections. According a 2018 study of the Centers for Disease Control and Prevention (CDC), temporary medical devices such as urinary catheters were a frequent cause of spread of infections in healthcare facilities in the US between 2015 and 2017. Sterilization pouches are, therefore, crucial in maintaining the sterility standards of the devices used for healthcare purposes, which is the primary factor driving the market growth.Get a Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/sterilization-pouches-market-103282
COVID-19 Impact
The COVID-19 outbreak has generated widespread economic and healthcare distress. Even though companies in the health sector are expected to largely benefit from the pandemic, supply chain disruptions and economic downturn are anticipated to deflate these expectations. To counter these challenges, Fortune Business Insights™ aims at providing critical market intelligence, based on our expertise and experience, to aid your business tide over the current crisis.
As per the report findings, the market value stood at USD 26,964.91 million in 2019. The other highlights include:
Actionable insights into the upcoming business and investment opportunities in the market;
Comprehensive analysis of the central market trends, drivers, and restraints;
In-depth study of all market segments; and
Careful examination of the regional prospects and competitive milieu of the market.
Browse Summary:
https://www.fortunebusinessinsights.com/sterilization-pouches-market-103282
List of Companies Profiled in the Sterilization Pouches Market Report:
STERIMED (US)
Cantel Medical Co. (US)
Proampac (US)
Wihuri (China)
Certol International (US)
Smurfit Kappa (Ireland)
PMS Healthcare Technologies (US)
3M (US)
Berry Global (US)
Amcor plc (Australia)
AMD Medicom Inc. (Canada)
Cardinal Health (US)
Shanghai Jianzhong Medical Equipment Packing Co., Ltd. (China)
Bischof+Klein (Germany)
STERIS (Ireland)
Getinge Group (Sweden)
Dynarex Corporation (US)
Mondi Group (Austria)
Market Restraint
Increasing Generation of Plastic Waste by Medical Facilities to Stem Market Growth
Medical facilities generate enormous amounts of plastic waste, since majority of instruments and equipment used in these facilities contain plastics. According to the US Healthcare Plastics Recycling Council, 40% (approximately 5 million pounds) of plastic waste generated in US hospitals is from sterilization pouches and wraps. As a result, there is growing clamor for the use of reusable and recyclable plastic sterilization products in hospitals. Surveys conducted by Practice Greenhealth, a non-profit organization dedicated to make hospitals more sustainable, found that hospitals that had replaced sing-use plastic devices with reusable ones have experienced a significant decline in waste generation. Greenhealth also opines that reusable medical products can also reduce costs by a sizeable margin for healthcare facilities.
Get Your Customized Report:
https://www.fortunebusinessinsights.com/enquiry/customization/sterilization-pouches-market-103282
Regional Insights
Consistent Access to Quality Healthcare to Ensure Stable Product Demand in North America
In 2019, the market size in North America stood at USD 9,534.68 million and the region is expected to dominate the sterilization pouches market share in the forthcoming years. The main reason for this is the assured access to standard healthcare services and products to populations across the region. Moreover, per capita healthcare expenditure in Europe is also considerably high compared to other countries, which is further fueling the growth of the regional market.
The market in Europe is anticipated to showcase promising growth owing to active adoption of advanced sterilization solutions in healthcare facilities in Western Europe. In Asia Pacific, healthcare expenditure is steadily rising, especially in India and China, which augurs well for the global market.
Competitive Landscape
Key Players to Focus on Optimizing Response to the COVID-19 Outbreak
The COVID-19 pandemic has forced companies in this market to leverage their expertise in optimizing their response to this unprecedented health crisis. With the usage of medical devices surging worldwide, the demand for sterilization pouches and similar products is also escalating, compelling players to augment production capacities to meet this demand.
Industry Developments:
May 2020: STERIS plc received another Emergency Use Authorization (EUA) by the US Food and Drug Administration (FDA) for decontamination of N95 respirators. The company has created a decontamination cycle for hospitals to utilize its AMSCO Steam Sterilizers which use hydrogen peroxide to decontaminate respirators.
December 2019: US-based M&Q Packaging created a new line of dry heat and steam sterilization pouches closures, with the ability to withstand high temperatures and resist chemical wear & tear. The product was custom-engineered for a customer, leading the company to innovate an “easy close” flap solution.
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
Connect us via Social Media Channels:
LinkedIn: https://www.linkedin.com/company/fortune-business-insights
Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd
Twitter: https://twitter.com/FBInsightPvtLtd
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
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 Pouches Market Report 2021, Size, Industry Share, Development Factor, Restraining Factor, Growth and Forecast by 2027 here
News-ID: 2447457 • Views: …
More Releases from Fortune Business Insights
Future of Renewable Energy Market Insights: Growth Drivers, and Regional Develop …
Global Renewable Energy Market Overview
The global renewable energy market size was valued at USD 954 billion in 2023. The market is projected to grow from USD 1,020.94 billion in 2024 to USD 1,574.17 billion by 2032, exhibiting a CAGR of 5.56% during the forecast period. Asia Pacific dominated the renewable energy market with a market share of 67.76% in 2023. The Renewable energy market in the U.S. is projected to…
DC Drives Market Overview: Opportunities, Growth Drivers, and Key Applications
Market Overview
The global DC drives market size was valued at USD 4.34 billion in 2018 and is projected to reach USD 9.23 billion by 2032, exhibiting a CAGR of 5.59% during the forecast period of 2019-2032. Asia Pacific dominated the global market with a share of 28.8% in 2018. The DC drives market in the U.S. is projected to grow significantly, reaching an estimated value of USD 1.59 billion by…
Humanoid Robots Market: An In-depth B2B Analysis of Size, Share, and Future Grow …
Brief Market Overview:
The global humanoid robots market is rapidly transitioning from a nascent field into a major growth sector, with its value escalating from USD 2.43 billion in 2023 to a projected USD 66.0 billion by 2032, demonstrating a remarkable CAGR of 45.5%.
These complex machines, which merge mechanical, electrical, and software engineering, are moving beyond research labs into real-world applications across industrial, service, and household sectors. This explosive growth…
Methanol Market Poised for Remarkable Growth, set to Reach USD 46.32 billion by …
The global methanol market size was valued at USD 31.26 billion in 2023. It is projected to grow from USD 32.70 billion in 2024 to USD 46.32 billion by 2032, exhibiting a CAGR of 4.5% during the forecast period.
The global methanol market size is set to gain traction from the urgent need to lower environmental pollution caused by the surging usage of heavy fuels, such as diesel and gasoline. Pollution…
More Releases for Sterilization
Prominent Contract Sterilization Market Trend for 2025: Advancements In Medical …
What industry-specific factors are fueling the growth of the contract sterilization market?
The contract sterilization market is expected to grow due to the rising incidence of hospital-acquired infections (HAIs). With the increase in antibiotic resistance and the use of invasive medical devices, HAIs are becoming more prevalent, driving the demand for sterilization services to mitigate infection risks. The European Centre for Disease Prevention and Control reports that millions of patients in…
Sterilization Redefined: Terminal Sterilization Services Global Insights 2024
"The Business Research Company recently released a comprehensive report on the Global Terminal Sterilization Services Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, The terminal sterilization services…
Sterilization Equipment Market - Transforming Sterilization Standards: Equipment …
Newark, New Castle, USA - new report, titled Sterilization Equipment Market The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Sterilization Equipment market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global Sterilization Equipment market. The report offers an overview of the market, which…
Low Temperature Plasma Sterilization Market: Revolutionizing Sterilization Proce …
Global Low Temperature Plasma Sterilization Market Overview:
The Low Temperature Plasma Sterilization market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the Low Temperature Plasma Sterilization market has experienced significant growth, driven by factors such as increasing consumer demand, technological advancements, and…
Sterilization Technologies Plays an Essential Role in the Healthcare Industry: S …
According to a report published by Allied Market Research, the global sterilization technologies market size is projected to reach $12.7 billion with a considerable CAGR from 2021 to 2030.
The North America is currently holding the highest market share, due to presence of key market players in the region. Also, a significant increase in demand for sterilization technologies from the healthcare industry and rise in number of surgical procedures performed…
Pharmaceutical Sterilization Equipment Market 2025 - Steris, Getinge Group, 3M, …
Albany, NY, 20th June : Recent research and the current scenario as well as future market potential of "Global Pharmaceutical Sterilization Equipment Market Insights, Forecast to 2025".
The report offers a critical evaluation of the key evolution dynamics, promising clinical avenues, imminent investment pockets, and prevailing regulatory frameworks in the global Pharmaceutical Sterilization Equipment market. Key developments in the market have been impacted by extensive research in assessing the…
