Sterilization Containers and Wraps Market is anticipated to grow at a 3.7% CAGR from 2019 to 2030
Market Industry Reports (MIR) has published a new report titled “Sterilization Containers and Wraps Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global Sterilization Containers and Wraps market is estimated to be over US$ 500 Mn in 2018. It is anticipated to grow at a 3.7% CAGR from 2019 to 2030.
Sterilization containers are systems that provide protection from damage to the medical instrument. They ensure sterilization of enclosed contents and maintain sterility during transport and storage. Apart from enhanced safety, these containers also offer significant economic and environmental benefits. Reusable packaging, low cost of use, a long service life, and minimal use of disposable materials are some of the key attributes of sterilization containers. Rigid structure of the container is a key attribute that is expected to drive its demand as it prevents bacterial contamination. Better ergonomics and growing focus of government organizations across the globe on reduction of medical waste are other pivotal factors that are expected to fuel its demand in the coming years. The global sterilization containers and wraps market is expected to be largely driven by growing prevalence of Hospital-Associated Infections (HAIs). For instance, Centers for Disease Control (CDC) estimates that HAIs account for an estimated 1.7 million infections and 99,000 associated deaths in the U.S. annually. High cost of sterilization containers compared to substitute products and requirement of additional labor for cleaning containers are some of the key factors that are expected to hinder its growth.
In the report, the global sterilization containers and wraps market has been analyzed from four perspectives - By Type, Material, End User, and Region. On the basis of type, the sterilization containers and wraps market has been segmented into sterile containers, and wraps. On the basis of material, sterile containers market has been segmented into metal, plastic, and other materials. On the basis of material, sterile wraps has been segmented into plastic & polymers, paper & paperboard, and others. On the basis of end user, the market has been segmented into hospitals, clinics, ambulatory surgical centers, and others.
Browse key industry insights spread across 200 pages with market data tables & figures & charts from the report, Sterilization Containers and Wraps Market is anticipated to grow at a 3.7% CAGR from 2019 to 2030. in detail along with the table of contents:https://www.marketindustryreports.com/sterilization-containers-and-wraps-market/119
On the basis of region, the global sterilization containers and wraps market has been segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). Asia Pacific is expected to witness the highest CAGR in the coming years. Growth in the Asia Pacific region is expected to be hinged at China, and Japan.
The prominent players operating in the global sterilization containers and wraps market are Symmetry Surgical Inc., Medline Industries, Inc., Braun Melsungen AG, Becton Dickinson and Company, Case Medical, Cardinal Health, KLS Martin Group, Aygun Co. Inc., Mediflex Surgical Products, Innovative Sterilization Technologies LLC, among others.
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