Sterilization Container Systems Market worth 5 Mn by 2026 - Exclusive Report by MarketsandMarkets™
Posted by Johnny on July 26th, 2022
Sterilization Container Systems Market is projected to reach USD 375 million by 2026 from USD 324 million in 2021, at a CAGR of 3.0% during the forecast period. Sterilized containers are reusable, customized container systems for storing, packaging, and transporting medical equipment and other medical necessities.
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The Rising incidence of hospital-acquired infections and the increasing number of surgical procedures are the major factors driving the growth of the market.
aluminium segment accounted for the largest share of the sterilization container system market and is also expected to grow at the highest CAGR during the forecast period.
Based on the material, the sterilization container systems market is segmented into aluminum, stainless steel, and other materials. the aluminum sterilization containers segment accounted the largest share of the market. This segment is also expected to register the highest CAGR during the forecast period.
The perforated sterilization containers segment is expected to grow at the highest CAGR during the forecast period and also accounted for the largest share.
Based on type, sterilization container systems can be perforated and non-perforated. Perforated sterilization containers accounted for the largest share of the sterilization container systems market in 2020 and are also expected to grow at the highest CAGR.
North America was the largest regional market for the sterilization container systems market
North America was the largest regional market for sterilization containers system market. The large share of the North American market can be attributed to the presence of the majority of market players in this region, high prevalence of HAIs, growing patient population, the implementation of favorable government initiatives, stringent regulations on sterilization and disinfection, and the presence of advanced healthcare infrastructure.
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Asia Pacific market is estimated to grow at the highest CAGR during the forecast period. Emerging APAC economies such as China and India are expected to see significant growth due to their large population base and rising prevalence of chronic diseases in these countries, improving living standards, and the growing demand for quality medical care.
The global sterilization container systems market is fragmented. The prominent players operating in this market include B. Braun Melsungen AG (Germany), Johnson & Johnson (US), Becton, Dickinson and Company (BD) (US), Integra LifeSciences Corporation (US), Medline Industries, Inc. (US), KLS Martin Group (US), Ritter GmbH (Germany), MELAG Medizintechnik GmbH & Co. KG (Germany), Hu-Friedy Mfg. Co., LLC (US), Case Medical (US), Summit Medical LLC. (US), GPC Medical Ltd. (India), AYGÜN Co., Inc. (Turkey), C.B.M. S.r.l. Medical Equipment (Italy), GPC Medical Ltd. (India), and EMED (Poland).
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About the AuthorJohnny
Joined: July 19th, 2022
Articles Posted: 73
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