Biological and Chemical Indicators Market
Number of pages: 100 | Report Format: PDF | Published date: May 03, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
|
Report Attribute |
Details |
|
Market Size Value in 2022 |
US$ 520.6 million |
|
Revenue Forecast in 2031 |
US$ 894.7 million |
|
CAGR |
6.2% |
|
Base Year for Estimation |
2022 |
|
Forecast Period |
2023 to 2031 |
|
Historical Year |
2021 |
|
Segments Covered |
Type, End User, and Region |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global biological and chemical indicators market was valued at US$ 520.6 million in 2022 and is expected to register a revenue CAGR of 6.2% to reach US$ 894.7 million by 2031.
Biological and Chemical Indicators Market Fundamentals
Biological and chemical indicators are tools used to track the efficacy of sterilization methods in various settings such as hospitals, laboratories, and food processing plants. Biological indicators frequently include spores of heat-resistant microorganisms that are notoriously difficult to eradicate, such as Geobacillus stearothermophilus or Bacillus subtilis. The sterilizing procedure is applied to these spores once they are put into a sterilization container. Chemical indicators are used to determine whether a condition has been satisfied, such as the right temperature or exposure time during the sterilization process, using chemical compounds that change color when exposed to specific conditions, such as heat or steam.
The research study on the biological and chemical indicators market overview thoroughly analyzes the market and the aspects that either help or hinder the market's growth, such as its drivers, challenges, and opportunities. The research also discusses the list of businesses that operate in this market and their efforts to establish themselves as major players through expansion plans and innovative ideas. It also emphasizes current events that support the market's revenue expansion. The research also analyses how the COVID-19 pandemic has affected society.
This report is a crucial tool for the industry stakeholders to gather all the information about the market, customers, and competition. The report also provides the readers with valuable insights on the segmentation, regions, market size & forecast, revenue CAGRs, and other valuable data to help make informed strategic decisions. The study compiles information gathered from industry participants and specialists across the industry value chain. The report also taps into the qualitative and quantitative assessments by industry analysts. Our reports use different methods for estimating the market size and forecast, including secondary research, surveys and interviews, and statistical modeling. With these steps, our reports provide the most accurate market data. These datasets will cumulatively provide in-depth biological and chemical indicators market forecast to the industry stakeholders.
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Biological and Chemical Indicators Market Dynamics
Recent advancements in biological and chemical indicators have focused on improving their accuracy, speed, and ease of use. For instance, more heat-resistant spores like Geobacillus kaustophilus or Bacillus atrophaeus are better suited for monitoring sterilizing processes that utilize hydrogen peroxide gas plasma or ozone gas and are being developed as novel biological indicators. Additionally, technological advancements have produced biological indicators with quick readout times that can deliver results in a matter of hours instead of days, enabling the validation of sterilization procedures to proceed more quickly. On the other hand, the development of integrators and emulators, which offer a more thorough evaluation of the sterilizing process by monitoring several parameters, such as time, temperature, and pressure, has garnered increasing interest in the field of chemical indicators. Particularly in complex sterilization cycles that involve numerous steps or different sterilization techniques, these devices can offer a more precise and dependable estimate of sterilization success. Digital technology developments have also made it possible to create electronic chemical indicators that can provide real-time data on the sterilization process, enabling more accurate monitoring and control. Therefore, an upsurge in the research and development of advanced biological and chemical indicators is the most important factor driving the global biological and chemical indicators market growth.
Biological and Chemical Indicators Market Ecosystem
Biological and Chemical Indicators Market, by Type
Biological and Chemical Indicators Market, by End User
Biological and Chemical Indicators Market by Type
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Based on the types, the biological and chemical indicators market is segmented into biological indicators and chemical indicators. The biological indicators are sub-segmented into self-contained vials, spore strips, and others.
Biological indicators accounted for the largest revenue share of the global market in terms of biological and chemical indicators market forecast. Due to their elevated precision and dependability in tracking sterilization procedures, biological indicators have dominated the biological and chemical indicators market. These indicators are frequently used in healthcare institutions to assess the efficiency of sterilization treatments and to ensure the safety of both patients and employees. Additionally, the biological and chemical indicators market is anticipated to grow due to the rising demand for sterilization across several industries. Healthcare establishments choose biological indicators because they clearly indicate the sterilization procedure's lethality and guarantee that all germs have been eradicated. Additionally, the market for biological and chemical indicators is anticipated to expand due to the rising prevalence of chronic diseases and the increased demand for modern healthcare facilities.
Segmentation of the market refers to the division of the industry into subgroups based on factors such as type, end user, and region. Market segmentation data helps businesses to understand the preferences and unique needs of different customer groups and develop targeted sales strategies. This information also helps in identifying potential biological and chemical indicators market growth opportunities.
Biological and Chemical Indicators Market by Region
Based on the regions, the global biological and chemical indicators market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America accounted for the largest revenue share of the biological and chemical indicators market due to a well-established healthcare system, stringent regulatory requirements, and a high demand for effective sterilization monitoring products. In addition to the rising incidence of healthcare-associated infections (HAIs) and the demand for sterile medical equipment and supplies, the United States is North America's largest market for biological and chemical indicators. Furthermore, the dominance of North America in the market has been aided by the presence of significant market participants who are making significant R&D investments to boost the precision and effectiveness of their biological and chemical indicators. They are also diversifying their product lines to meet the region's rising need for sterilization monitoring solutions.
Based on the regions, the global biological and chemical indicators market is segmented into:
Regional demarcation of the industry will provide information on geographic pockets regarding biological and chemical indicators market outlook, size, share, and growth rate. This data helps businesses evaluate the expansion potential into new regional markets, understand the competitive threats across different regions, and develop localized sales and expansion strategies.
Key Components of the Report
Biological and Chemical Indicators Market Competitive Landscape
Multiple companies across the globe are investing in raising awareness and new product launches, which is expected to improve the biological and chemical indicators market outlook. Notable market participants account for the largest portion of the global biological and chemical indicators market size include 3M Science, Steris Plc, Thermo Fisher Scientific Inc., Mesa Labs Inc., McKesson Medical Surgical Inc., Crosstex International Inc., Propper Manufacturing Co. Inc., Terragene S.A., Anderser Products, Inc., Getinge AB, Protak Scientific Ltd., and Siltex Australia Pvt. Ltd.
The market competitive landscape is performed by collecting and analyzing information about the key competitors, the present industry trends, and market dynamics. It includes information collection and analysis on factors such as products, pricing, geographic outreach, customer demographics, marketing strategies, and recent developments. Competitive landscape assessment will help businesses identify the current prevalent or potential opportunities and threats, keeping in mind the biological and chemical indicators industry trends.
Biological and Chemical Indicators Market Strategic Development
Key Strengths of Our Report
Target Audience to Benefit from this Report.
Reasons to Buy this Report
Biological and chemical indicators are tools used to monitor the effectiveness of sterilization processes by indicating whether specific conditions, such as time, temperature, and pressure, have been met.
The global biological and chemical Indicators market size in 2022 is US$ 520.6 million.
North America will have the largest biological and chemical indicators market size during the forecast period from 2023 to 2031.
The global biological and chemical indicators market is expected to grow with a revenue CAGR of 6.2% during the forecast period from 2023 to 2031.
The resultant market size of the biological and chemical indicators market in 2031 will be US$ 894.7 million.
The presence of different alternative methods to monitor the sterilization process is the major challenge hampering the growth of the global biological and chemical indicators market.
The major strategies key market players adopt involve strategic partnerships and collaborations to expand their market reach and capabilities.
The increased need for proper sterility check in research areas for developing products is the major driving factor that necessitates using biological and chemical indicators.
Key players in the biological and chemical indicators market are 3M Science, Steris Plc, Thermo Fisher Scientific Inc., Mesa Labs Inc., McKesson Medical Surgical Inc., and Crosstex International Inc.
*Insights on financial performance are subject to the availability of information in the public domain