Report Overview

According to the deep-dive market assessment study by Growth Plus Reports, the global sterilization indicator tape market was valued at US$ 121 million in 2021 and is expected to register a revenue CAGR of 3.8% to reach US$ 169.26 million by 2030. 

Sterilization Indicator Tape Market Fundamentals

Sterilization indication tape is a self-adhesive tape used to mark areas or items that have undergone sterilization. These tapes are frequently used in hospitals and other healthcare facilities to ensure the sterility of places that should be sterile. Moreover, sterilization indicator tape can be utilized in other settings, such as pharmaceutical and medical device manufacturing facilities and laboratories, to ensure that areas should be clean.

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Sterilization Indicator Tape Market Dynamics

The global market for sterilization indicator tape is being driven by increasing concerns caused due to rising prevalence of healthcare-associated infections (HAIs), specifically in in-patient settings. HAIs, or nosocomial infections, can be a result of either the environmental or person-to-person transfer of germs or even due to both.

Advancements in steam sterilization techniques are expected to drive revenue growth in the global market in the next few years. Increase in the prevalence of chronic illnesses has resulted in rise in the rate of hospital admissions and surgical interventions. Hospitals and clinics require a variety of supplies, such as equipment, including surgical, diagnostic, therapeutic, and monitoring equipment, sanitary liquids, and textiles. Sterilization procedures efficiently fulfill the goal of mitigating the high risk of cross-contamination in healthcare settings by reducing the risk of infection transmission among patients and improving healthcare delivery.

The sterilization indicator tape market is expected to gain significant opportunities for revenue growth during the forecast period owing to increased prevalence of chronic illnesses. Life sciences organizations in the sterilization indicator tape market have been focusing on strengthening their product portfolios to fulfill the needs of diverse end customers. Several players are investing heavily in R&D activities focused on labels for autoclaving. Moreover, they are increasing their production capabilities in chemical process indicators that are self-adhesive and non-toxic. These efforts are projected to result into revenue growth in the global market at a higher CAGR.

However, the market is likely to experience sluggish revenue growth during the forecast period owing to limited adherence to sterilization monitoring regulations in developing economies. To lower overall costs, and due to the lack of awareness, several hospitals and clinics in developing countries do not use these recordings.

Sterilization Indicator Tape Market Ecosystem

The global sterilization indicator tape market is analyzed from three perspectives: product type, application, and region.

Sterilization Indicator Tape Market by Product Type

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Based on the product type, the global sterilization indicator tape market is segmented into hydrogen peroxide indicator tapes and steam indicator tapes.

The steam indicator tapes segment accounted for the largest revenue share of the global market. This can be attributed to increase in the demand for reusable tools due to rise in the number of surgical procedures. Demand for steam indicator tapes is driven by increase in the emphasis of healthcare facilities on sterilizing reusable medical equipment. The segment is expected to grow at a substantial revenue CAGR during the forecast period, due to the superior sensitivity and efficiency of these tapes as compared to conventional sterilizing products. In addition, increase in the use of hydrogen peroxide sterilization techniques to clean heat-sensitive products and devices is expected to drive revenue growth in the segment during the forecast period.

Sterilization Indicator Tape Market by Application

Based on the application, the global sterilization indicator tape market is segmented into pharmaceutical & medical device companies, healthcare facilities, and others. 

The healthcare facilities segment accounts for a significant share of the global sterilization indicator tape market due to increasing demand for sterilization products from healthcare facilities, such as hospitals and clinical laboratories, to ensure the success of the sterilization process. This aside, presence of a stringent regulatory framework that mandates pharmaceutical and medical device companies to maintain satisfactory cleanliness and sterilization in their production lines to prevent the contamination of the pharmaceutical formulations is creating revenue growth opportunities in the segment.

Sterilization Indicator Tape Market by Region 

Based on the region, the global sterilization indicator tape market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. 

North America is the leading region in the global sterilization indicator tape market. Technological breakthroughs in the regional market have been driven by ongoing advancements in autoclaving techniques and improvements in the materials and inks utilized. The market in North America is expected to dominate the market during the forecast period due to the availability of strong healthcare infrastructure. According to the American Hospital Association (AHA), there were 6,090 hospitals in the U.S. as of 2019, compared to 5,686 in 2013.

Sterilization Indicator Tape Market Competitive Landscape

The prominent players operating in the global sterilization indicator tape market are: -

• Steris Corporation
• Crosstex International, Inc.
• GKE-GmbH
• Bioquell UK Ltd
• Shinva Medical Instrument Co., Ltd.
• Advanced Sterilization Products Services Inc. 
• 3M Company
• Healthmark Industries Co.
• Getinge Group
• Terragene (Ternio Group)
• Certol International LLC
• PMS Healthcare Technologies Corporation
• Hu-Friedy Mfg. Co., LLC 

Sterilization Indicator Tape Market Strategic Development/s

• In January 2021, STERIS Corporation acquired Cantel Medical to broaden and enhance its clientele, reach, and product and service offerings. As a result of this acquisition, the demand and product sales for STERIS increased, enhancing its overall revenue growth.

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