Sterilization Wraps Market to Reach US$ 512.1 Mn
The global Sterilization Wraps Market is likely to expand in the coming years due to growing emphasis on maintaining hygiene within hospitals, to curb the spread of infections. According to a report published by Fortune Business Insights, titled “Sterilization Wraps Market: Global Market Analysis, Insights and Forecast, 2019-2026,” the market is likely to reach US$ 512.1 Mn by 2026. Fortune Business Insights has stated that the market was valued at US$ 376.1 Mn in 2018 and is likely to exhibit a CAGR of 4.0% in the forecast period.
Medline’s Sterilization Wraps Yields Strong
Market Figures
Medline’s Gemini sterilization
wrap has been successful in many aspects. The properties of Gemini wrap have
led to its increased use, which is indicative of high demand among end users.
Gemini wrap was manufactured with 100% polypropylene. The use of polypropylene
has helped to reduce punctures and minimize tear. Gemini was massively helpful
in reducing contamination, besides enabling improved patient outcomes. Medline
has made Gemini available in a range of weights including super lightweight to
heavyweight, depending upon the requirement from end users. Medline’s Gemini
has boosted the global market and is likely to favor the growth of the global
market in the coming years.
Browse Complete Report Details with Table of
Content and Figures:
https://www.fortunebusinessinsights.com/industry-reports/sterilization-wraps-market-100281
Owen
and Minor acquires Halyard’s Surgical & Infection Prevention (S&IP)
Business
In May 2018, Owen & Minor
completed the acquisition of Halyard Health’s surgical & infection
prevention (S&IP) business. With the acquisition, Owen & Minor aims to
make its mark in the healthcare industry. Halyard Health is one of the leading
companies in the global Sterilization Wraps Market and with a strong product
portfolio, Owen & Minor is likely to establish a stronghold in the market.
Halyard offers a wide range of products such as sequential sterilization wraps
and SMS sterilization wraps. Huge investment in research and development of
sterilization wraps is likely to boast the production and sales. This
acquisition is likely to have a positive impact on the global Sterilization
Wraps Market and may enable growth of the market in the coming years.
Increasing Hospital Infections Are a Driving
Cause
According to the Affordable Care
Act, healthcare institutions have a higher incentive for earning positive
outcomes. Hospital associated infections can be held accountable to poor
institutional outcomes. A major part of reducing hospital associated infections
is the use of proper sterilization wraps. Furthermore, sterilization wraps play
a huge role in patient care and wellbeing. Although healthcare policies are in
favor of people admitted in hospitals, an increasing number of patients may
result in increase in hospital infections. Recent trends within hospitals,
pertaining to sterilization wrapping techniques and sequential wrapping have
offered greater potential for growth of the global Sterilization Wraps Market.
Furthermore, product innovations such as cardinal sterilization wraps and
Halyard sterilization wraps have boosted the global market. Moreover,
increasing focus on research and development of newer products by these
companies is likely to favor the global Sterilization Wraps Market in the
forthcoming years.
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