Sterilization Wrap Market - By Material (Plastic & Polymer, Paper & Paperboard), End-use (Hospitals, Ambulatory Surgical Centers, Clinics) – Global Forecast 2024 – 2032

Sterilization Wrap Market - By Material (Plastic & Polymer, Paper & Paperboard), End-use (Hospitals, Ambulatory Surgical Centers, Clinics) – Global Forecast 2024 – 2032

Sterilization Wrap Market Size

Sterilization Wrap Market size was valued at around USD 374.9 million in 2023 and is anticipated to register a CAGR of over 3.9% between 2024 and 2032. Sterilization wrap refers to a specialized material used in healthcare settings to package and sterilize medical instruments, devices, and supplies.

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Hospital-acquired infections pose a significant threat to patient safety and healthcare facilities. Sterilization wraps play a crucial role in preventing HAIs by maintaining the sterility of medical equipment and supplies. For instance, according to estimates from the Centers for Disease Control and Prevention (CDC), hospital-acquired infections (HAIs) in American hospitals result in approximately 1.7 million infections and 99,000 related fatalities annually. Thus, as the prevalence of HAIs increases, healthcare facilities seek advanced sterilization services which is estimated to reach USD 9.3 billion by 2032, and sterilization methods, including sterilization wraps, to reduce the risk of infections.

Single-use sterilization wraps offer convenience, efficiency, and reliability in sterilizing medical instruments and supplies. Healthcare facilities are increasingly adopting single-use sterilization wraps due to their ease of use, reduced risk of cross-contamination, and compliance with infection control protocols. The growing preference for single-use sterilization wraps contributes to the expansion of the market.
 

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Sterilization Wrap Market Trends

The medical technology advances and new products are developed, there is a growing need for sterilization wraps to maintain the sterility of medical instruments and supplies used in clinical trials. In 2023, according to estimates a total of 22,338 clinical trials were initiated worldwide, primarily concentrating on oncology and central nervous system conditions. Phase II trials constituted the majority of these initiations. Throughout the year, 7,183 trials concluded, with 6,234 successfully completing and 777 terminated. Thus, the expansion of clinical trials stimulates the demand for sterilization wrap products.

• Continuous advancements in sterilization equipment and technologies improve the efficiency, effectiveness, and safety of sterilization processes.
• Technological innovations in sterilization methods propel the development of advanced sterilization wrap products that meet the evolving needs of healthcare facilities and adhere to stringent sterilization standards.

Sterilization Wrap Market Analysis

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Based on material, the market is segmented into plastic & polymer, paper & paperboard, and other materials. The plastic & polymer segment is estimated to account for USD 320.8 million by 2032.

• Plastic and polymer materials offer advantages such as lightweight, flexibility, and moisture resistance, making them ideal for maintaining the sterility of medical instruments and supplies.
• Technological advancements in plastic and polymer technologies have led to innovative materials with enhanced properties, propelling their adoption in healthcare settings.
• The rising demand for single-use wraps, compatibility with sterilization methods, and increasing healthcare expenditure globally also contribute to the segment growth.

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Based on end-use the sterilization wrap market is segmented into hospitals, ambulatory surgical centers (ASCs), clinics, and other end-users. The hospitals segment accounted for USD 179.1 million in 2023.

• Hospitals are primary healthcare institutions where a vast array of medical procedures and surgeries take place daily, necessitating the extensive use of sterilization wraps to maintain the sterility of medical instruments and supplies.
• Furthermore, hospitals adhere to strict infection control protocols and regulations, emphasizing the importance of proper sterilization practices to prevent hospital-acquired infections and ensure patient safety. The increasing prevalence of surgical procedures and medical interventions further propels the demand for sterilization wraps in hospitals.

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In 2023, North America held a significant market share of 40.6% in the global sterilization wrap market and is predicted to witness substantial market progress.

• North America boasts a well-established healthcare infrastructure, with advanced hospitals, clinics, and surgical centers that prioritize stringent sterilization protocols to ensure patient safety and infection control.
• The region is characterized by a high prevalence of healthcare-associated infections, stimulating the demand for effective sterilization methods and materials such as sterilization wraps.
• Continuous technological advancements and innovation in sterilization techniques contribute to the adoption of sterilization wraps in North American healthcare facilities. Moreover, increasing healthcare expenditure and a growing emphasis on healthcare quality and safety further fuel the demand for sterilization wraps in the region.

Sterilization Wrap Market Share

The sterilization wrap industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced products and services based on different technologies is among a key market strategy. Some of the leading industry players have a notable presence in the market.

Sterilization Wrap Market Companies

Some of the eminent market participants operating in the sterilization wrap industry include

• Ahlstrom
• Berry Global Inc.
• Cardinal Health, Inc.
• Dynarex Corporation
• McKesson Corporation
• Medline Industries, LP.
• Narang Medical Limited
• Owens & Minor, Inc.
• Propper Manufacturing Co., Inc.
• STERIS plc.   

Sterilization Wrap Industry News

• In January 2024, Ahlstrom obtained FDA 510(k) clearance from the U.S. Food and Drug Administration for Reliance Fusion, a next-generation sterilization wrap designed to enhance efficiency in sterilizing surgical equipment trays in hospitals. This regulatory approval is offered a competitive advantage in the market.

The sterilization wrap market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments

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Market, By Material

• Plastic & polymer
• Paper & paperboard
• Other materials

Market, By End-use

• Hospitals
• Ambulatory surgical centers (ASCs)
• Clinics
• Other end-users

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of Middle East and Africa