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Biological & Chemical Indicators Market Research Report - Segmented by Applications, Geography, Trends and Projection 2030
Biological & Chemical Indicators Market
The global biological and chemical indicators market is expected to reach $457.8 million in 2022, with a 7.2 percent CAGR indicating positive market growth over the forecast period.
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According to Future Market Insights (FMI) the worldwide yearly tracker, vendor revenue in global biological & chemical indicators market will grow 9.1% year over year to 396.8 Mn in 2020. Global shipments will rise 9.7% year over year to 830.7 Mn units in 2020.
Irrespective of the COVID-19 pandemic, demand for biological and chemical indicators has been surging tremendously as sterilization has always been at forefront of duties of healthcare facilities.
However, the role will be put to test in near future as epidemiological numbers continue to rise amidst the public health crisis. As such, FMI foresees healthy growth trail for global biological and chemical indicators market over forecast period 2020-2030.
"After oral administration, parenteral dosage is the most prevalent way of providing drugs to patients. At present, about 95% of recently approved biopharmaceuticals are parenteral dosage form. This rise in commercialization and manufacturing of parenteral drugs will propel the adoption of biological and chemical indicators in biopharmaceuticals companies," says analyst at FMI.
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Biological & Chemical Indicators Market - Competitive Intelligence
The global biological & chemical indicators market is highly consolidated with top 5 players - 3M Company, Steris Plc., and Thermo Fisher - collectively accounting for around 4/5 of overall market revenue. In order to sustain competition due to increasing number of new and small companies, leading players are focusing on mergers and acquisitions (M&A). For instance,
Thermo Fisher Scientific Inc. has acquired QIAGEN N.V. - leading worldwide provider of sample preparation and molecular diagnostics technologies. This acquisition will enable the company to leverage its industry-leading capabilities and R&D expertise to speed up innovation and deal with emerging healthcare needs. McKesson Medical-Surgical Inc. has entered into an agreement with Walgreens Boots Alliance to combine their respective pharmaceutical wholesale businesses in Germany. Cantel Medical has taken over Hu-Friedy, which manufactures dental instruments and reprocessing equipment.
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Want to Know More About Biological & Chemical Indicators Market?
Future Market Insights, in its new study, provides compelling insights about the biological & chemical indicators market that encloses industry analysis for 2015 - 2019 and opportunity assessment for 2020 - 2030. The report offers unbiased assessment on biological & chemical indicators market through five different categories - sterilization type, indicator class, packaging form, end user, and region. The global biological & chemical indicators market research study delivers insights of pricing by different life cycle analysis, product life cycle, major market trends and technologies that are being utilized in the development of biological & chemical indicators and product adoption in various end users.
Biological & Chemical Indicators Market Segmentation Sterilization Type
Thermal Sterilization
Steam Heat
Dry Heat
Chemical Sterilization
Ethylene Oxide
Hydrogen Peroxide
Formaldehyde
Radiation Sterilization
Indicator Class
Biological Indicators
Bacillus atrophaeus (BA) Spores
Geobacillus stearothermophilus (GS) Spores
Others
Chemical Indicators
Class 1 (Process)
Class 4 (Multi-Variable)
Class 2 (Specific-Use)
Class 3 (Single-Variable)
Class 5 (Integrating)
Class 6 (Cycle Verification)
Enzyme Indicators
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Packaging Form
Self-Contained BI
Spore Suspension BI
Strip and Disc BI
Strip and Disc CI
Others
End User
Biopharma Industry
Hospitals
Clinics
Ambulatory Surgical Centers
Diagnostic Labs
Research Labs
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 09-years.
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