The global sterilization pouches marketsize is projected to reach USD 44.61 billion by 2027, exhibiting a CAGR of5.51% during the forecast period. Spread of infections through contaminatedmedical devices is set to spike the demand for sterilization containers, sharesFortune Business Insights™ in its report, titled“Sterilization Pouches MarketSize, Share and Industry Analysis, By Type (Sterilization Pouches {PaperPouches, Plastic Pouches}, Sterilization Wrapping, Sterilization Containers andOthers), By Application (Hospitals, CSSDs, Clinics and and Others) and RegionalForecast, 2020-2027”.
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Medical devices are indispensible itemsin any healthcare facility, being employed in various kinds of healthprocedures. These devices need to be stored in sterile environments to preventthem from getting contaminated. However, medical equipment is one of theprimary causes of spread of healthcare-associated infections. According a 2018study of the Centers for Disease Control and Prevention (CDC), temporary medicaldevices such as urinary catheters were a frequent cause of spread of infectionsin healthcare facilities in the US between 2015 and 2017. Sterilization pouchesare, therefore, crucial in maintaining the sterility standards of the devicesused for healthcare purposes, which is the primary factor driving the marketgrowth.
Market Restraint
Increasing Generation of Plastic Wasteby Medical Facilities to Stem Market Growth
Medical facilities generate enormousamounts of plastic waste, since majority of instruments and equipment used inthese facilities contain plastics. According to the US Healthcare PlasticsRecycling Council, 40% (approximately 5 million pounds) of plastic wastegenerated in US hospitals is from sterilization pouches and wraps. As a result,there is growing clamor for the use of reusable and recyclable plasticsterilization products in hospitals. Surveys conducted by Practice Greenhealth,a non-profit organization dedicated to make hospitals more sustainable, foundthat hospitals that had replaced sing-use plastic devices with reusable oneshave experienced a significant decline in waste generation. Greenhealth alsoopines that reusable medical products can also reduce costs by a sizeablemargin for healthcare facilities.
Regional Insights
Consistent Access to Quality Healthcareto Ensure Stable Product Demand in North America
In 2019, the market size in NorthAmerica stood at USD 9,534.68 million and the region is expected to dominatethe sterilization pouches market share in the forthcoming years. The mainreason for this is the assured access to standard healthcare services andproducts to populations across the region. Moreover, per capita healthcareexpenditure in Europe is also considerably high compared to other countries,which is further fueling the growth of the regional market.
The market in Europe is anticipated toshowcase promising growth owing to active adoption of advanced sterilizationsolutions in healthcare facilities in Western Europe. In Asia Pacific,healthcare expenditure is steadily rising, especially in India and China, whichaugurs well for the global market.
Competitive Landscape
Key Players to Focus on OptimizingResponse to the COVID-19 Outbreak
The COVID-19 pandemic has forcedcompanies in this market to leverage their expertise in optimizing theirresponse to this unprecedented health crisis. With the usage of medical devicessurging worldwide, the demand for sterilization pouches and similar products isalso escalating, compelling players to augment production capacities to meetthis demand.
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