The global “sterilization wraps market growth” is likely to expand in the coming years due to growing emphasis on maintaining hygiene within hospitals, to curb the spread of infections. According to a report published by Fortune Business Insights, titled “Sterilization Wraps: Global Market Analysis, Insights and Forecast, 2019-2026,” the market is likely to reach US$ 512.1 Mn by 2026. Fortune Business Insights has stated that the market was valued at US$ 376.1 Mn in 2018 and is likely to exhibit a CAGR of 4.0% in the forecast period.
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Key Players Operating in The Sterilization Wrap Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Owens & Minor Inc
- Dynarex Corporation
- Cygnus Medical
- Cardinal Health
- Crosstex International, Inc.
- Medline Industries, Inc.
- Surgeine Healthcare (India) Private Limited
- Westfield Medical Limited.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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Increasing Hospital Infections Are a Driving Cause
According to the Affordable Care Act, healthcare institutions have a higher incentive for earning positive outcomes. Hospital associated infections can be held accountable to poor institutional outcomes. A major part of reducing hospital associated infections is the use of proper sterilization wraps. Furthermore, sterilization wraps play a huge role in patient care and wellbeing. Although healthcare policies are in favor of people admitted in hospitals, an increasing number of patients may result in increase in hospital infections. Recent trends within hospitals, pertaining to sterilization wrapping techniques and sequential wrapping have offered greater potential for growth of the global sterilization wraps market.
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Medline’s Sterilization Wraps Yields Strong Market Figures
Medline’s Gemini sterilization wrap has been successful in many aspects. The properties of Gemini wrap have led to its increased use, which is indicative of high demand among end users. Gemini wrap was manufactured with 100% polypropylene. The use of polypropylene has helped to reduce punctures and minimize tear. Gemini was massively helpful in reducing contamination, besides enabling improved patient outcomes. Medline has made Gemini available in a range of weights including super lightweight to heavyweight, depending upon the requirement from end users. Medline’s Gemini has boosted the global market and is likely to favor the growth of the global market in the coming years.
Detailed Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- The Prevalence of Sudden Hospital Acquired Infections in Key Countries
- Technological Advancements in Sterilization Wraps
- Recent Industry Developments Such as Mergers & Acquisitions
- The Regulatory Senario in Key Countries
- New Products Launches
- Key Industry Trends
- Global Sterilization Wraps Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Material Type
- Plastic & Polymer
- Paper & Paperboard
- Market Analysis, Insights and Forecast – By End User
- Ambulatory Surgery Centers
- Clinics and Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Sterilization Wrap Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the Sterilization Wrap Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
KEY QUESTIONS ANSWERED:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Sterilization Wrap Market growth?
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
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