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Sterilization Wrap Market Trends

Report ID: GMI8464
Published Date: Mar 2024
Report Format: PDF

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Sterilization Wrap Market Trends

The medical technology advances and new products are developed, there is a growing need for sterilization wraps to maintain the sterility of medical instruments and supplies used in clinical trials. In 2023, according to estimates a total of 22,338 clinical trials were initiated worldwide, primarily concentrating on oncology and central nervous system conditions. Phase II trials constituted the majority of these initiations. Throughout the year, 7,183 trials concluded, with 6,234 successfully completing and 777 terminated. Thus, the expansion of clinical trials stimulates the demand for sterilization wrap products.

Continuous advancements in sterilization equipment and technologies improve the efficiency, effectiveness, and safety of sterilization processes.
Technological innovations in sterilization methods propel the development of advanced sterilization wrap products that meet the evolving needs of healthcare facilities and adhere to stringent sterilization standards.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The Global sterilization wrap industry was valued at around USD 374.9 million in 2023 and is estimated to reach over USD 527.3 million by 2032, owing to its role in preventing HAIs by maintaining the sterility of medical equipment and supplies.

Plastic & polymer segment held a major market share in 2023 and is estimated to account for USD 320.8 million by 2032, owing to their advantages such as lightweight, flexibility, and moisture resistance, making them ideal for maintaining the sterility of medical instruments and supplies.

North America sterilization wrap industry held a significant revenue share of 40.6% in 2023 and is predicted to witness substantial growth through 2032, owing to a well-established healthcare infrastructure, with advanced hospitals and clinics, in the region.

Ahlstrom, Berry Global Inc., Cardinal Health, Inc., Dynarex Corporation, McKesson Corporation, Medline Industries, LP., Narang Medical Limited, Owens & Minor, Inc., Propper Manufacturing Co., Inc., STERIS plc are some of the major industry contenders.