Chemical Indicator Inks Market is projected to reach USD 78.83 Million by 2028
According to the report published by Zion Market Research, global demand Chemical Indicator Inks Market size was valued at USD 47.18 Million in 2020 and is projected to reach USD 78.83 Million by 2028, growing at a CAGR of 6.55% from 2021 to 2028.
Global Chemical Indicator Inks Market: Overview
Chemical indicator inks have the ability to change colors when exposed to certain sterilants at some given temperatures hence it finds applications in several sterilization monitoring processes. The color change indicates the fact that the instruments are safe to be used in the surgeries, thus sterilization process has been completed.
Global Chemical Indicator Inks Market: Segmentation
The chemical indicator inks market is globally segmented into sterilization process, printing process, product, application, and regions. On the basis of the sterilization process, the market is segregated into ethylene oxide, formaldehyde, steam, and vaporized hydrogen & plasma. Based on the printing process, the global market is categorized into rotogravure, flexographic, and screen. On the basis of product, the market is categorized into water-based, solvent-based, and UV-cured. Depending on the application, the market is divided into sterile bags, IV & blood containers, thermoformed trays, tags & labels, sterile bottles, pre-fillable syringes, pouches, and tapes. Region-wise, the global market is diversified into North America, Asia-Pacific, Europe, and Rest of the World.
Global Chemical Indicator Inks Market: Growth Factors
The strict norms regarding the sterilization process in the healthcare sector and the increasing instances of nosocomial infections are the factors that are majorly boosting the global market for chemical indicator inks. The growing development of using labels and tags indicating the completion of the sterilization process of the instruments in the healthcare sector has augmented the demand of the market. The products are used in the monitoring of the sterilization process where when exposed to certain temperatures and sterilants the products change permanently. Increasing use of the products in the production of IV and blood pouches and containers in order to keep away from the infections among patients expects to stoke the demand of the market in the coming years. The growth of the market is supported by the materialization of better technologies such as hydrogen peroxide and plasma, steam, and ethylene oxide. For instance, the steam sterilization holds a major share in the global market owing to its widespread medical applications owing to the benefit that this process does not result in any toxic content.
Global Chemical Indicator Inks Market: Regional Analysis
The chemical indicator market is dominated by the North America region. The factor that contributes to the market growth is the extensive aging population which drives up the demand for healthcare facilities in the US, thus North America contributes a major market share. Further North America is followed by Europe which slates to see a significant market growth. The factor that attributes to the market growth is the growing concerns about the environmental hazards over VOC emissions. The developing regions in Asia Pacific region and Latin American region also substantially contributes to the market share.
Global Chemical Indicator Inks Market: Competitive Players
Some of the key market players that are involved in the chemical indicator inks market include -
- NiGK Corporation
- 3M
- North American Science Associates Inc.
- gke Gmbh.
- Riken Chemical
- Tempil
- Terragene SA
- Crosstex.
Global Chemical Indicator Inks Market: Regional Segment Analysis
- North AmericaU.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- The Middle East and Africa
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