The sterility indicators global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Sterility Indicators Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The sterility indicators market size has grown rapidly in recent years. It will grow from $1.08 billion in 2023 to $1.23 billion in 2024 at a compound annual growth rate (CAGR) of 13.6%. The growth in the historic period can be attributed to increasing regulatory requirements for sterilization processes, rise in the number of healthcare facilities, growth in demand for advanced sterilization techniques, rise in global healthcare expenditures, and growth in the demand for sterile packaging solutions.
The sterility indicators market size is expected to see rapid growth in the next few years. It will grow to $2.06 billion in 2028 at a compound annual growth rate (CAGR) of 13.8%. The growth in the forecast period can be attributed to rising incidence of hospital-acquired infections, increasing research and development spending, increasing number of drug launches, high prevalence of chronic diseases, and rising prevalence of infectious diseases. Major trends in the forecast period include technological advancements, integration with automated systems, innovations with biological indicators, fast monitoring technologies, and spore strips.
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Scope Of Sterility Indicators Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Sterility Indicators Market Overview
Market Drivers –
The rising prevalence of infectious diseases is expected to propel the growth of the sterility indicators market going forward. Infectious diseases are illnesses caused by harmful microorganisms such as bacteria, viruses, fungi, or parasites that can spread from one person to another, either directly or indirectly. The common infectious diseases are tuberculosis (TB), urinary tract infections, influenza (Flu), and more. The rising prevalence of infectious diseases is due to several factors, including increased global travel, urbanization, and population density, which facilitate the spread of pathogens. Sterility indicators ensure the effectiveness of sterilization processes, especially in managing and preventing infectious diseases, by providing a reliable method to verify the complete eradication of pathogens. These indicators help maintain the highest safety standards in healthcare environments, reducing the risk of contamination and disease transmission. For instance, in March 2022, according to the Centers for Disease Control and Prevention, a US-based national public health agency, the United States reported 8,331 tuberculosis (TB) cases and an incidence rate of 2.5 cases per 100,000 persons in 2022, representing a 5.9% increase in case count and 5.5% increase in incidence rate compared with 2021. Therefore, the rising prevalence of infectious diseases is driving the growth of the sterility indicators market.
Market Trends –
Major companies operating in the sterility indicators market are focused on developing advanced products, such as steam monitoring products, to help healthcare facilities identify trends, analyze performance, and make informed decisions. Steam monitoring products are tools and devices used to ensure the efficacy of steam sterilization processes in various settings, particularly in healthcare, laboratories, and industries where sterilization is crucial. These are integral to maintaining sterility and minimizing the risk of contamination, particularly in environments dealing with infectious materials or critical medical devices. For instance, in October 2023, Advanced Sterilization Products, a US-based healthcare company, announced an expansion in its Sterilization Monitoring portfolio with new Steam Monitoring products that include BIOTRACE Readers, BIOTRACE Biological Indicator, VERISURE Chemical Indicator, and SEALSURE Steam Indicator Tape. They offer quick results and support compliance by enhancing workflow and connectivity in sterilization monitoring. The BIOTRACE Biological Indicator simplifies the monitoring of steam sterilization processes with an integrated traceability solution. The VERISURE Chemical Indicator enables easy and rapid monitoring of sterilization processes, streamlining operations. The SEALSURE Steam Indicator Tape provides a visual means to distinguish between processed and unprocessed steam items, improving the tracking and identification of sterilized equipment.
The sterility indicators market covered in this report is segmented –
1) By Type: Chemical, Biological
2) By Technique: Heat Sterilization, Low-Temperature Sterilization, Filtration Sterilization, Radiation Sterilization, Liquid Sterilization
3) By End User: Hospitals, Pharmaceutical Companies, Medical Device Companies, Clinical Laboratories Or Research Centers
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Regional Insights –
North America was the largest region in the sterility indicators market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sterility indicators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the sterility indicators market are Cardinal Health Inc., Thermo Fisher Scientific Inc., 3M Company, Propper Manufacturing Co. Inc., Andersen Products Inc., Ecolab Inc., Medline Industries Inc., VWR International LLC, STERIS PLC, Getinge AB, Sigma-Aldrich Corporation, Halyard Health Inc., Aesculap Inc., Hu-Friedy Mfg. Co. LLC, Mesa Laboratories Inc., Nelson Laboratories LLC, Crosstex International Inc., Tuttnauer, Matachana Group, Etigam B.V.
Table of Contents
1. Executive Summary
2. Sterility Indicators Market Report Structure
3. Sterility Indicators Market Trends And Strategies
4. Sterility Indicators Market – Macro Economic Scenario
5. Sterility Indicators Market Size And Growth
…..
27. Sterility Indicators Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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