Sterilization Indicator Tape Market

Report Overview

According to the deep-dive market assessment study by Growth Plus Reports, the global sterilization indicator tape market was valued at US$ 121 million in 2021 and is expected to register a revenue CAGR of 3.8% to reach US$ 169.26 million by 2030. 

Market Fundamentals

A self-adhesive tape known as "sterilization indication tape" is used to mark regions or items that have undergone sterilization. To ensure that places that should be sterile are indeed sterile, sterilization indicator tapes are frequently used in hospitals and other healthcare facilities. To ensure that areas should be clean, sterilization indicator tape can be utilized in other settings, such as pharmaceutical and medical device manufacturing facilities and laboratories.

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Market Dynamics

The global market for sterilization indicator tapes is being driven by worldwide concerns caused by the rising prevalence of healthcare-associated infections (HAIs), especially in in-patient settings. Nosocomial infections, as they are also called, can result through either the environmental or person-to-person transfer of germs or even from both. Additionally, improvements in steam sterilization techniques have significantly improved the market's revenue growth prospects. As the prevalence of chronic illnesses has increased, so has the rate of hospital admissions and surgical interventions. Hospitals and clinics require a variety of supplies, including equipment, surgical, diagnostic, therapeutic and monitoring equipment, sanitary liquids, textiles and so on. For mitigating the high risk of cross-contamination in healthcare settings, sterilization procedures efficiently fulfill the goal by reducing the risk of infection transmission among patients and improving healthcare delivery.

Consequently, it is predicted that the sterilization indicator tape market will profit from the increased prevalence of chronic illnesses during the forecast period. To suit the needs of diverse end customers, life sciences organizations in the sterilization indicator tape market have been focusing on growing the variety of tapes with advanced properties. Some of the players are investing heavily in research and development for labels for autoclaving and are taking advantage of the high demand for chemical process indicators that are self-adhesive and non-toxic.

However, due to limited adherence to sterilization monitoring regulations, there is a low penetration of sterilization indicator tape in developing economies. This factor thus slows down the global sterilization indicator tape market revenue growth. To lower overall costs, and due to the lack of awareness, several hospitals, and clinics in developing nations do not use these recordings which might prevent market revenue growth.

The global sterilization indicator tape market is analyzed from three perspectives: Product Type, Application, and Region.

Sterilization Indicator Tape Market by Product Type

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Based on the product type, the global sterilization indicator tape market is subdivided into, hydrogen peroxide indicator tapes, and steam indicator tapes. 

The steam indicator tapes segment accounted for the largest share of the global market. The dominance is a result of the rise in surgical procedures, which have increased the use of reusable tools. Worldwide use of steam indicator tapes is driven by healthcare facilities' significant emphasis on sterilizing reusable medical equipment, with steam being the main way to do so. During the forecast period, the hydrogen peroxide indicator tapes market is expected to grow at a substantial CAGR. This is mostly attributable to these tapes' superior sensitivity and efficiency when compared to conventional sterilizing products. In addition, the projection period is expected to see an increase in the use of hydrogen peroxide sterilization techniques to clean heat-sensitive products and devices.

Sterilization Indicator Tape Market by Application

Based on applications, the global sterilization indicator tape market is divided into, pharmaceutical & medical device companies, healthcare facilities, and others. 

The healthcare facilities segment holds most of the global sterilization indicator tape market. This is due to the increasing demand for sterilization products from healthcare facilities such as hospitals, and clinical laboratories to check the success of the sterilization process. Contrarily, pharmaceutical and medical device companies are constrained by a strict regulatory framework that mandates them to maintain sufficient cleanliness and sterilization in their production lines to prevent the contamination of the pharmaceutical formulations with contaminating micro-organisms. As a result, pharmaceutical companies are required to promptly sterilize the production equipment and the surrounding region. Thus, it is projected that this market segment will have rapid expansion throughout the forecast period.

Sterilization Indicator Tape Market by Region 

Based on region, the global sterilization indicator tape market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. 

North America is startlingly profitable in the worldwide sterilization indicator tape market. Technological breakthroughs in the North American sterilization indicator tape market have been driven by ongoing advancements in autoclaving techniques as well as improvements in the materials and inks employed. The region is expected to dominate the market due to the availability of a strong healthcare infrastructure. According to the American Hospital Association (AHA), there were 6,090 hospitals in the United States as of 2019 compared to 5,686 in 2013.

Competitive Landscape

Some of the prominent players operating in the global sterilization indicator tape market are: - 

• Steris Corporation
• Crosstex International, Inc.
• GKE-GmbH
• Bioquell UK Ltd
• Shinva Medical Instrument Co., Ltd.
• Advanced Sterilization Products Services Inc. 
• 3M Company
• Healthmark Industries Co.
• Getinge Group
• Terragene (Ternio Group)
• Certol International LLC
• PMS Healthcare Technologies Corporation
• Hu-Friedy Mfg. Co., LLC 

Strategic Developments

• In January 2021, STERIS Corporation disclosed that it had successfully acquired Cantel Medical. With this acquisition, STERIS will be able to broaden and enhance its clientele, reach, and product and service offerings. As a result of this acquisition, the demand and product sales for STERIS have increased, enhancing revenue growth.

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