(MENAFN- GetNews) The global sterilization container systems market was valued at USD 350.1 million in 2020 and is expected to reach USD 401.9 million by 2028 according to a new study conducted by Polaris Market Research. the market is anticipated to register a CAGR of 3.1% from 2021-2028
The global sterilization container systems market size is expected to reach USD 401.9 million by 2028 according to a new study by Polaris Market Research. The report “Sterilization Container Systems Market Share, Size, Trends, Industry Analysis Report, By Material (Stainless Steel, Aluminum, Others); By Type (Perforated, Non-Perforated); By Product; By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth
Sterilization storage systems are customized reusable systems used to store, transport, and protect surgical medical supplies post sterilizing . Furthermore, these boxes are made up of numerous materials and sizes and are employed via sterilizing agents to enter the boxes. Rigid boxes are a suitable product substitute for pouches and wraps generally used to package surgical instruments. They provide substantial environmental and economic benefits coupled with improved safety.
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The reusability of these boxes leads to the massive reduction in the medical waste generated compared to sterilizing wraps and their associated disposal cost. According to the Practice Greenhealth , disposal processing is expected at around 8-10 torn sets/week. The organization's cost was around USD 800 to 1000, and on an annual subscription basis, it costs approximately USD 45,000.
According to the article by the American Hospital Association, 'Convert to Rigid Reusable Sterilization Containers' the switch to the storage systems saves a significant amount of money, improves patient safety, decreases re-processing turnaround time, and substantial storage space.
However, the initial cost of acquiring wraps is lower. In contrast, sterilizing containers are cost-effective because such storage can be re-used and do not incur several costs for waste disposal. Furthermore, the storages deliver momentous environmental benefits as they do not cause any medical waste.
Competitive Insight :
Market participants include Becton, Dickinson, and Company (BD), Integra LifeSciences Corporation, Medline Industries, Inc., KLS Martin Group, B. Braun Melsungen AG, Johnson & Johnson, Ritter GmbH, MELAG Medizintechnik GmbH & Co. KG, Hu-Friedy Mfg. Co., LLC, Case Medical, Summit Medical LLC., GPC Medical Ltd., AYGÜN Co., Inc., C.B.M. S.r.l. Medical Equipment, GPC Medical Ltd., and EMED are key players operating in the global market.
Companies are investing heavily in research & development and subsequent product launches to have a competitive advantage over other market players. For example, in April 2020, the FDA approved the launch of Steris V-PRO 1 Plus and maX, a low-temperature system for hospitals to treat COVID-19 patients.
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Polaris Market Research has segmented the sterilization container systems market report on the basis of product, type, material, and region:
Sterilization Container Systems, Product Outlook (Revenue – USD Million, 2016 – 2028)
- Sterilization Containers
Sterilization Container Systems, Type Outlook (Revenue – USD Million, 2016 – 2028)
Sterilization Container Systems, Material Outlook (Revenue – USD Million, 2016 – 2028)
- Stainless Steel
Sterilization Container Systems, Regional Outlook (Revenue – USD Million, 2016 – 2028)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
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About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers
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