Global Sterilization Wrap Market to Reach US$ 85 Mn by 2026, Sales through Hospital Pharmacies to Remain Robust

ALBANY, USA, 2018-Apr-24 — /EPR Network/ —A new research study, titled “Sterilization Wrap Market – Global Industry Analysis, Share, Size, Growth, Trends and Forecast 2017 – 2026” has been added to the vast repository of Market Research Reports Search Engine (MRRSE). According to the report, the global sterilization wrap market is likely to grow at a CAGR of 5.5% during the assessment period. In terms of revenues, the market is likely to reach a valuation of nearly US$ 85 Mn.

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According to the research study, global demand for sterilization wraps is directly linked to the broader developments in the healthcare sector. The growing emphasis on providing quality care, especially in developing countries of the world, is a key factor that is driving demand for sterilization wraps. Healthcare institutions around the world are focusing on mitigating the risk of accidental infections. Sterilization wraps have emerged as feasible alternatives, and it is highly likely that their demand will continue to grow at a steady pace during the assessment period.

In addition to offering a holistic and comprehensive analysis on the key driving factors, the research study also offers insights on the latest innovation and developments in this domain. According to the study, sterilization wrap manufacturers are focusing on developing novel products that have anti-lint, flame resistance, and water-repellant properties. In a bid to differentiate their products and offer high-quality solutions to end-users, leading players are likely to invest in research & development during the forecast period.

To offer readers seamless and accurate information, the research report offers market forecast and analysis on the basis of product type, end user, sales channel, and region. According to the study, North America will continue to be the most lucrative market for sterilization wraps globally. The demand for sterilization wraps in North America is likely to remain concentrated in the US. Demand is also likely to grow at a healthy pace in Canada, albeit from a small base. According to the report, the North America sterilization wraps market is likely to reach a valuation of US$ 30 Mn by the end of 2026. Outside of North America, Asia Pacific excluding Japan is likely to provide a steady stream of growth opportunities to manufacturers.

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By product type category, demand for sterilization wraps made from plastic and polymers is likely to remain robust during the assessment period. Additionally, demand for paper and paperboard sterilization wraps is also likely to grow during the assessment period. By end user, demand will remain concentrated in hospitals, with ambulatory surgical centers growing at a brisk pace. Sales of sterilization wraps through hospital pharmacies will account for the bulk of revenues in the distribution channel segment. According to the report, the hospital pharmacies segment is likely to grow at a CAGR of 5.7% during the assessment period, and reach a valuation of over US$ 40 Mn by 2026-end.

The research study offers in-depth analysis and insights on the competitive landscape in the sterilization wraps market. Some of the key players operating in the sterilization wraps market include E.I Dupont De Numours and Company Dynarex Corporation, Robert Busse & Co., Inc., Cygnus Medical L.L.C., Cardinal Health, Inc., and Halyard Health, Inc.

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