PUBLISHER: Polaris Market Research | PRODUCT CODE: 1478660
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1478660
According to a new study by Polaris Market Research, the global Sterilization Wrap market is expected to reach USD 489.93 million by 2032. The report "Sterilization Wrap Market Share, Size, Trends, Industry Analysis Report, By Material (Paper & Paperboard, Plastic & Polymer, Others); By End-Use; By Region; Segment Forecast, 2024 - 2032" provides detailed insight into the current market dynamics and provides analysis on future market growth.
Sterilization wraps play a critical role in safeguarding both patient safety and healthcare resources. The rising prevalence of hospital-acquired infections, particularly microbial infections, coupled with the relatively lower costs associated with sterilization wraps, are expected to drive growth in the sterilization wrap market in the coming forecast period. Sterilization wrap presents numerous advantages in ensuring infection-free equipment handling and safety during equipment transport between locations. Furthermore, sterilization wrap facilitates aeration for surgical equipment and allows sufficient permeability for the effective penetration of sterilants like plasmas, ozone, steam, ethylene oxide, and others.
Furthermore, The growth of the sterilization wrap market is primarily fueled by the increasing volume of surgeries performed, with nosocomial infections serving as key drivers for market expansion. Additionally, the prevalence of chronic diseases and an aging population contribute significantly to the demand for sterilization wraps. These wraps, including sterile wipes, are extensively utilized in hospitals and surgical centers. Thus, the proliferation of medical facilities and hospitals further propels the market growth.
Moreover, heightened awareness regarding infectious diseases prompts hospitals and clinics to adopt sterilization wraps, driving market expansion. The surge in surgical procedures and associated infections further boosts demand for sterilization wraps. Additionally, the requirement for sterilized towels continues to rise due to the aging population and the prevalence of chronic diseases. However, strict regulations and market saturation in developed countries pose challenges to the growth of the sterilization wrap market. These wraps are available in various materials including polymers, paper, woven and non-woven fabrics, as well as plastics.
Additionally, the growth of the sterilization wrap market is driven by continuous technological advancements in sterilization techniques and materials utilized in wraps. These advancements offer opportunities for the creation of sterilization products that are more effective and efficient in eliminating pathogens from medical equipment and surfaces. Improved sterilization techniques enable enhanced sterilization efficiency, while advancements in materials science lead to the development of sterilization wrap materials with superior barrier properties and durability. Additionally, technological innovations facilitate the integration of smart features into sterilization wraps, such as RFID tags for traceability and indicators for monitoring sterilization parameters, enhancing their value proposition to healthcare providers. Overall, these technological advancements contribute to the expansion of the sterilization wrap market by addressing the evolving needs of healthcare facilities and ensuring compliance with regulatory standards.
In 2023, the Plastic & Polymers segment commands a significant share of the sterilization wrap market, largely driven by the increasing occurrence of postoperative wound infections and hospital-acquired infections.
The Hospital segment holds a considerable market share in the sterilization wrap industry. This is mainly influenced by the prevalence of hospital-associated infections, which contribute to rising hospital admissions in emerging markets.
In 2023, North America held the leading global market share in the sterilization wraps market. Trends within this region highlight the significant impact of advancements in material technology. Anticipate manufacturers focusing on developing materials that offer improved microbial resistance, balancing considerations of economic viability and ecological sustainability.
The global key market players include A.R. Medicom Australia Pty, Ltd., Ahlstrom, Berry Global Inc., Cardinal Health, Crosstex International, Inc., Dynarex Corporation, McKesson Medical-Surgical Inc., Medline Industries, LP., Narang Medical Limited, Propper Manufacturing Co., Inc., and STERIS.
Polaris Market Research has segmented the Sterilization Wrap market report based on material type, end-use, and region: