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Chemical Indicator Inks Market Trends 2024 To Showcase Robust Growth Due to Growing Application in Tapes

Author : Ronak Bora | Published Date : 2019-08-07 

Increasing indicator tapes demand to provide added information will boost chemical indicator inks market share for tapes. Chemical indicator inks in tapes will witness highest growth over 9% by 2024.

Global chemical indicator inks market is primarily driven by its applications in thermoformed trays, sterile bags, tapes, sterile bottles, IV & blood containers, pouches, refillable syringes, and tags & labels. They are also used in canned foods like fish & meat to provide information about the sterilization process completion and thus avoid excessive overheating of foods resulting in retention of food nutrients. Chemical indicator inks demand in Sterile bags applications was over USD 3.5 million in 2015 and is predicted to increase over the forecast period.

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Sterilization processes are mostly used to sterilize and disinfect surgical equipment owing to its direct patient contact during surgery. The growing use of these processes to prevent hospital- acquired infections will promote the growth for chemical indicator inks over the coming years.  As per Global Market Insights Inc., “Chemical Indicator Inks Market size worth USD 35 million in 2015, is anticipated to reach USD 78.30 million mark by 2024, growing at a CAGR of 7% over the period of 2016-2024.” In addition to this, advanced sterilization processes such as vaporized hydrogen & plasma, steam, ethylene oxide, and formaldehyde are predicted to further stimulate the industry growth over the coming years. The global surgical instrument industry produced a revenue over USD 5.5 billion in 2015 and is expected to boost chemical indicator inks industry growth significantly.

Global chemical indicator inks market share is highly consolidated with major industry participants accounting over half of global volume in 2015. Tempil, North American Science Associates (NAMSA), 3M, Terragene SA and STERIS are major industry players. Other prominent industry contributors are NiGK, Riken Chemical, Crosstex and gke Gmbh.

North America chemical indicator inks market worth USD 13 million in 2015, is predicted to witness a significant growth over the forecast timeline due to growing geriatric population leading to heavy product demand for sterilization monitoring in the healthcare industry. U.S. market worth size worth USD 13 million in 2015, is predicted to contribute significantly towards the regional growth over the forecast timeline. Europe chemical indicator inks market is predicted to record a CAGR of 8% over the period of 2016-2024 due to rising ecological concerns due to VOC emissions.

Increasing health care spending across Asia Pacific over the last few years has complemented chemical indicator inks market share. Also, rising awareness towards sterilization along with new medical procedures adoption in these countries will enhance growth. China’s healthcare expenditure was approximately 5% of their GDP in 2014. In addition, favoring government regulations to direct chemical indicator inks use in the sterilization process will further propel industry growth.

Glimpse of Table of Content (ToC)

Chapter 3.    Chemical Indicator Inks Market Insights

3.1.    Chemical Indicator Inks Market segmentation

3.2.    Chemical Indicator Inks Market Size and forecast, 2013 - 2024

3.3.    Chemical Indicator Inks Market ecosystem analysis

3.3.1.    Vendor matrix

3.3.2.    Distribution channels

3.4.    Industry Impact forces

3.4.1.    Growth drivers

 3.4.1.1. Robust demand in surgical instruments

 3.4.1.2. Rising awareness of sterilization procedures along with stringent governmental regulations for sterilization

3.4.2.    Industry pitfalls & challenges

 3.4.2.1. Various manufacturing and operating factors affecting chemical indicators accuracy and efficiency

3.5.    Growth potential analysis

3.6.    Porter's analysis

3.7    Company market share analysis, 2015

3.7.1.    Strategy dashboard

3.8.    PESTEL analysis

3.9    Pricing trends

Chapter 4.    Chemical Indicator Inks Industry Sterilization Process Insights

4.1.    Global chemical indicator inks market share by sterilization process, 2015 & 2024

4.2.    Steam

4.2.1.    Market estimates and forecast, 2013 - 2024

4.2.2.    Market estimates and forecast, by region, 2013 – 2024

4.3.    Ethylene Oxide

4.3.1.    Market estimates and forecast, 2013 - 2024

4.3.2.    Market estimates and forecast, by region, 2013 - 2024

4.4.    Vaporized Hydrogen & Plasma Sterilization

4.4.1.    Market estimates and forecast, 2013 - 2024

4.4.2.    Market estimates and forecast, by region, 2013 – 2024

4.5.    Formaldehyde

4.5.1.    Market estimates and forecast, 2013 - 2024

4.5.2.    Market estimates and forecast, by region, 2013 – 2024

4.6.    Others

4.6.1.    Market estimates and forecast, 2013 - 2024

4.6.2.    Market estimates and forecast, by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/chemical-indicator-inks-market

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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