Global Sterility Indicators Market Is Projected To Reach A Valuation Of 3.47 Billion By 2033: Fact.MR Report

PRESS RELEASE
Published April 20, 2023

According to Fact.MR, a market research and competitive intelligence company, the global sterility indicators market is valued at US$ 1.07 billion in 2023 and is expected to grow at a CAGR of 12.5% from 2023 to 2033.

Sterility indicators are used to describe how the sterilisation procedure works. Sterility indicators, both biological and chemical, are used to constantly monitor, certify, and load-monitor the steam sterilisation process. They also demonstrate whether the settings of a steam autoclave cycle were appropriate for obtaining a specific amount of microbial inactivation.

The term ‘biological indicators’ refers to test systems that include live microorganisms that are known to be resistant to a specific sterilising treatment. They help determine whether the sterilising technique was effective in killing the required number of germs.

If an item has been sterilised, it can be validated using chemical markers made of heat-sensitive compounds. The indicators include one or more chemicals that change colour when exposed to specific sterilising conditions.

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The rising senior population, increasing occurrences of chronic diseases, and the rising prevalence of hospital-acquired infections are all driving market expansion. Infectious disease risk is constantly growing over the world. Public and private organisations are working hard to raise awareness about such illnesses. As a result of the expanding number of infectious disease cases, the demand for sterility markers is rapidly increasing.

Demand for previous versions of sterility indicators has dropped dramatically after the introduction of improved indicators. Their popularity in emerging countries throughout Asia, the Middle East, and Africa has skyrocketed. Because of the substantial prevalence of the target patient population, North America and Europe dominate sterility indicator markets. During the projection period, the Asia Pacific market is predicted to grow at the fastest rate.

Key Takeaways from Market Study

  • The global sterility indicators market is projected to reach a valuation of 3.47 billion by 2033.
  • China’s market is predicted to expand at a CAGR of 16% during the projected period.
  • Sales of sterility indicators in Germany are expected to rise at a CAGR of 10% from 2023 to 2033.
  • Demand for chemical sterility indicators is predicted to expand at a CAGR of 14% during the next 10 years.

Key Segments of Sterility Indicators Industry Research

  • By Type :
    • Biological
    • Chemical
  • By Sterilization Method :
    • Heat
    • Low Temperature
    • Filtration
    • Liquid
    • Steam
    • Radiation
  • By End User :
    • Hospitals
    • Pharmaceutical Companies
    • Medical Device Companies
    • Clinical Laboratories / Research Centers

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Winning Strategy

The majority of businesses are concentrating on product development and competitive pricing, particularly in emerging nations where there is fierce rivalry from local producers.

  • Johnson & Johnson stated in April 2019 that it has successfully sold the Advanced Sterilization Products (ASP) segment of Ethicon, Inc. to Fortive Corporation for an estimated US$ 2.8 billion.

Competitive Landscape

To enter emerging markets including those in the Asia Pacific, the Middle East, and Africa, leading companies are working arduously to develop sophisticated, affordable indicators. Top market players are constantly utilizing new technologies to provide improved healthcare services through the introduction of smart indicators which follows the respective government’s norms.

  • The Attest Mini Auto-reader 490M, a 24-minute in-house sterilization monitoring system, was introduced by the 3M company in July 2020. This technology is useful for the dental sterilization process.

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Key Companies Profiled

  • 3M Company
  • Anderson Products, Inc
  • Cantel Medical Corporation
  • Cardinal Health
  • Getinge Ab
  • GKE-GmbH
  • Hu-Friedy Mfg. Co., LLC
  • Matachana Group
  • Mesa Laboratories
  • Propper Manufacturing Co., Inc
  • Steris Plc

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This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on mediarelations@xherald.com.

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