Sterilization Container Systems Market Expected to Reach US ~$401.9 million and CAGR 3.1% by 2028 – Polaris Market Research
The global Sterilization Container Systems Market size is expected to reach USD 401.9 million by 2028 according to a new study by Polaris Market Research.
Sterilization storage systems are customized reusable systems used to store, transport, and protect surgical medical supplies post sterilizing. Furthermore, these boxes are made up of numerous materials and sizes and are employed via sterilizing agents to enter the boxes. Rigid boxes are a suitable product substitute for pouches and wraps generally used to package surgical instruments. They provide substantial environmental and economic benefits coupled with improved safety.
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The reusability of these boxes leads to a massive reduction in the medical waste generated compared to sterilizing wraps and their associated disposal cost. According to Practice Greenhealth, disposal processing is expected at around 8-10 torn sets/week. The organization’s cost was around USD 800 to 1000, and on an annual subscription basis, it costs approximately USD 45,000.
According to the article by the American Hospital Association, ‘Convert to Rigid Reusable Sterilization Containers’ the switch to the storage systems saves a significant amount of money, improves patient safety, and decreases re-processing turnaround time, and substantial storage space.
However, the initial cost of acquiring wraps is lower. In contrast, sterilizing containers is cost-effective because such storage can be re-used and does not incur several costs for waste disposal. Furthermore, the storages deliver momentous environmental benefits as they do not cause any medical waste.
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Market participants include Becton, Dickinson, and Company (BD), Integra LifeSciences Corporation, Medline Industries, Inc., KLS Martin Group, B. Braun Melsungen AG, Johnson & Johnson, Ritter GmbH, MELAG Medizintechnik GmbH & Co. KG, Hu-Friedy Mfg. Co., LLC, Case Medical, Summit Medical LLC., GPC Medical Ltd., AYGÜN Co., Inc., C.B.M. S.r.l. Medical Equipment, GPC Medical Ltd., and EMED are key players operating in the global market.
Companies are investing heavily in research & development and subsequent product launches to have a competitive advantage over other market players. For example, in April 2020, the FDA approved the launch of Steris V-PRO 1 Plus and maX, a low-temperature system for hospitals to treat COVID-19 patients.
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Polaris Market Research has segmented the sterilization container systems market report on the basis of product, type, material, and region:
Sterilization Container Systems, Product Outlook (Revenue – USD Million, 2016 – 2028)
- Sterilization Containers
Sterilization Container Systems, Type Outlook (Revenue – USD Million, 2016 – 2028)
Sterilization Container Systems, Material Outlook (Revenue – USD Million, 2016 – 2028)
- Stainless Steel
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