Sterilization Wrap Market Size, Share & Trends Analysis Report By Material Type (Plastic & Polymer, Paper & Paperboard, Others,), By End-use, By Region, And Segment Forecasts, 2024 - 2030

Sterilization Wrap Market Growth & Trends

The global sterilization wrap market is anticipated to reach USD 471.74 million by 2030 and is anticipated to expand at a CAGR of 3.34% during the forecast period, according to a new report by Grand View Research, Inc. The market is driven by various factors such as increasing research and development in the sterilization process, partnerships, and collaboration among the industry's key players for product portfolio expansion.

Increased research and development activities play a pivotal role in propelling the growth of the sterilization wraps market. As advancements in technology and materials are continuously explored, manufacturers can develop innovative and more effective sterilization wrap solutions. This not only enhances the overall performance of the wraps but also addresses evolving healthcare needs, such as improved infection control measures and increased demand for higher sterility assurance levels.

For instance, in January 2024, the U.S. FDA formally recognized VHP (Vaporized Hydrogen Peroxide) as a validated sterilization modality for medical devices. FDA recently revised its definitive guidance document, titled "Submission and Review of Sterility Information in Premarket Notification (510(k)) Submissions for Devices Labeled as Sterile." This update specifically incorporates VHP as an exemplary representation of an Established Category A sterilization method. This revision aimed to enhance the widespread adoption of VHP as a sterilization technique within the medical device sector. It constitutes a pivotal component of the agency's comprehensive strategy to diminish the utilization of ethylene oxide (EtO) whenever feasible. This initiative aligns with the agency's overarching endeavors to bolster resilience in the medical device supply chain.

Additionally, Steri-Wrap Unite 60 SMS sterilization wrap manufactured by Propper Manufacturing Co., Inc. utilizes ethylene oxide, steam, and vaporized hydrogen peroxide for sterilizing medical devices. Moreover, ongoing research contributes to the development of eco-friendly and cost-effective alternatives, further expanding the market. The continuous pursuit of excellence through research and development fosters a competitive market landscape, driving the adoption of advanced sterilization wrap solutions across healthcare facilities globally propelling industry growth in the near future.

Sterilization Wrap Market Report Highlights

• In 2023, plastic & polymer segment dominated the sterilization wraps market with a market share of 65.07%. Plastic & polymer materials used in these wraps are engineered to resist punctures, reducing the risk of contamination
• Hospitals and clinics segment dominated the sterilization wraps market in 2023, with a market share of 64.19%. Hospitals and clinics use sterilization wraps for a wide range of medical instruments, including surgical tools, trays, and other equipment. The versatility of sterilization wraps makes them essential in various medical specialties and procedures
• North America dominated the sterilization wraps market in 2023. The expansion can be ascribed to the robust healthcare infrastructure prevailing in the region, characterized by a substantial array of hospitals, healthcare facilities, and proficient medical practitioners. Consequently, the industry's upward trajectory is fortified by the strategic presence of major stakeholders in this region

Please note The report will be delivered in 4-6 business days upon order notification.