The global sterilization wrap market is estimated to reach a valuation of more than US$ 85 Mn by the end of the period of assessment (2026).
Albany, NY -- (SBWIRE) -- 03/14/2018 -- Infection control inside hospitals is essential to providing the highest level of patent safety. It has been analyzed that sterilization wrap is a better and convenient solution against infections. Presently, various healthcare manufacturers are continually upgrading their products with a view to offer increased protection against infections, which is triggering the adoption of these products across the globe. Considering these facts, Market Research Hub (MRH) has added a study titled "Sterilization Wrap Market - Global Industry Analysis, Share, Size, Growth, Trends and Forecast 2017 – 2026" to its massive repository, which offers market insights and reflects various factors that have contributed to the growth of the global market. Along with the past market scenario, a glimpse of the future of the sterilization wrap market is also delivered.
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The report initiates with the executive summary that presents a precise insight into the global sterilization market. Moreover, readers can access knowledge associated with crucial market numbers which include historical CAGR (2012-2016) as well as forecast CAGR (2017-2026). According to analyst key findings, the global sterilization wrap market is projected to reach a valuation of more than US$ 85 Mn by the end of the period of assessment (2026) and is expected to grow at a strong CAGR of 5.5% throughout the mentioned forecast.
Factors Fueling Market Growth
- It has been well-identified that sterilization products play a vital role in maintaining the safety of patients and contribute to better patient outcomes. This aspect along with increasing awareness of the importance of sterilization across the globe is expected to drive the global sterilization wrap market. Nowadays, the use of sterilization wrap across various healthcare facilities such as hospitals and clinics is very much higher.
- Key players present in the market have integrated features such as anti-lint formation, flame resistance, water repellent properties and improved wear and tear resistance to their products for better sterilization, which is triggering the adoption of these products across the globe.
- In terms of geography, the market for sterilization wrap is expected to grow in North America owing to increasing adoption of these products across growing healthcare facilities in the region.
- Moreover, the market has been evaluated on the basis of major segments into product type, sales channel and end-user. By product type, the plastics and polymers segment is expected to dominate the global market with a high market value and high-value CAGR during the said period.
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The final section of the report encloses details about global lithography equipment market's competitive landscape. This portion incorporates knowledge associated with prominent industries offering their contribution to market growth in a significant manner. Various aspects such as SWOT analysis, key developments, innovations, product portfolio, financials and company overview are included in this section of the report.
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