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Sterility Indicator Market Expected to Reach $2.6 Billion by 2031—Allied Market Research

 
2022
Sterility Indicator Market

Report Code : A29031

quote Alarming rise in prevalence of chronic disease, advancements in R&D activities for drug development, and rise in hospital acquired infection are expected to notably contribute to the growth of the global sterility indicator market during the forecast period quote

Onkar Sumant - Manager
Life Sciences at Allied Market Research

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According to a new report published by Allied Market Research, titled, “Sterility Indicator Market," The sterility indicators market size was valued at $879.28 million in 2021, and is estimated to reach $2,599.3 million by 2031, growing at a CAGR of 11.5% from 2022 to 2031. Sterility indicators are used to show or describe how effectively a sterilization process is working. The process of sterilization involves eliminating all living things as well as other foreign or biological agents including bacteria, viruses, fungi, prions, spore forms, and other creatures in a particular area or site. Sterilization techniques include, the use of chemicals, heat, high pressure, radiation, filtration, and others. Sterilization techniques must be checked using biological, mechanical, and chemical sterility markers. Sterility indicators, such as biological, mechanical, and chemical sterility indicators, must be used to monitor sterilization processes.

Factors that drive the growth of the sterility indicators market size include, rise in the number of surgical procedures, rise in the number of product launch, and rise in adoption of different key strategies such as collaboration, acquisition, agreement, and others. In addition, the need for various sterilizing procedures in the biotechnology and pharmaceutical industries, and increase in number of sterility indicators industry is anticipated to be driven by R&D activities. To eradicate all microbial life and prevent contamination, pharmaceutical articles and packing equipment must be sterilized. Due to its efficiency, stem sterilization is gaining a lot of traction. Sterility indicators are used to show or describe how effectively a sterilization process is working, which boosts the sterility indicators market analysis.

In addition, rise in the number of surgical procedures, such as orthopedic surgery, cardiac surgery, and cancer surgeries fuels the need of sterilization procedures in hospitals to sterile surgical instruments and devices, which is further anticipated to fuel the demand for sterility indicators to check effectiveness of sterilization. Thus, driving the growth of the sterility indicators market trends. For instance, according to Canadian Joint Replacement Registry (CJRR), in Canada, the knee and hip replacement surgery is the second most common surgery as per the report shared by Canadian Joint Replacement Registry (CJRR). Approximately more than 75,000 knee replacement and 63,000 hip replacement surgeries were performed in the Canada from 2019 to 2020. This report also states 2.4% increase in the hip replacement surgery from 2019 to 2020. In addition, it is well known that infections picked up in hospitals can make previously hospitalized patients worse off. The use of hospital sterile processing has increased globally. Thus, increased sterilization procedures are anticipated to have a favorable effect on market expansion.

On the basis of type, the sterility indicators market share is segmented into chemical indicators and biological indicators. On the basis of biological indicators bifurcated into self-contained vials, spore strips, and others. The chemical indicators segment dominated the market in 2021, and is expected to continue this trend during the sterility indicators market forecast period, owing to wide use of chemical indicators in steam sterilization process and ethylene oxide sterilization process and rise the number of sterilization process.

On the basis of sterilization process, the market is classified into steam, ethylene oxide, dry heat, and others. The steam segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to rise in the number of steam sterilization procedures in hospitals, biotechnology and pharmaceutical companies.

On the basis of end user, the market is divided into hospitals, pharmaceutical companies and medical device companies, and clinical laboratories/research centers. The pharmaceutical companies and medical device companies segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing rise in the number of pharmaceutical companies and medical device companies and increase in the demand for medicines and medical devices.

North America accounted for a majority of the global sterility indicators market share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to increase in the number of root canal procedures, rise in the number of sterility indicators industry who manufactures sterility indicators, and developed healthcare infrastructure in North America. Asia-Pacific is anticipated to witness lucrative growth, owing to rise in the geriatric populations, rise in the awareness regarding usage of sterile products and devices, and rise in the number of chronic diseases.      

The COVID-19 outbreak is anticipated to have a positive impact on growth of the global sterility indicators market. The, rise in the awareness about sterile products and increase in the usage of sterile medical equipment surge the demand for sterility indicators boost the growth of the market.

On the other hand, post pandemic impact of COVID-19 on the sterility indicators market is positive owing to rise in the number of surgical procedures after pandemic, which got cancelled or postponed in the pandemic period. Increase in the number of surgical procedures cause rise in demand for sterilization procedures, which fuels the demand for sterility indicators to check sterility of surgical instruments. Thus, fuelling the market growth.   

Key Findings of The Study

  • By type, the chemical indicators segment was the highest contributor to the market in 2021.
  • By sterilization process, the steam segment was the highest contributor to the market in 2021.
  • By end user, the pharmaceutical companies and medical device companies segment dominated the market in 2021, and is expected to continue this trend during the forecast period.
  • By region, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
 

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quote Sterility Indicators Market by Type (Biological Indicators, Chemical Indicators), by Sterilization Process (Steam, Ethylene Oxide, Dry Heat, Others), by End User (Hospitals, Pharmaceutical Companies and Medical device Companies, Clinical laboratories and Research Centers): Global Opportunity Analysis and Industry Forecast, 2021-2031 quote

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