Latin America Surgical Grade Paper Market Research Report Forecast to 2023
Surgical grade paper, often known as sterilization wrap, is widely used in healthcare institutions to keep surgical equipment and supplies sterile. Several reasons are driving growth in the Latin American surgical grade paper market. The growing number of surgical procedures carried out in Latin America is one of the primary factors of market growth. The growing population, combined with the prevalence of chronic diseases, has resulted in an increase in surgical operations. As a result, surgical grade paper is in increased demand to provide effective sterilization and prevention of infection during surgeries. Furthermore, developments in healthcare facilities as well as a greater emphasis on patient safety and sanitary requirements, have fueled demand for surgical grade paper.
The Latin America surgical grade paper market is expected to grow at 5.2% CAGR during the forecast period, 2023-2030. In 2022, the market was led by Brazil with a 23.73% share, followed by rest of Latin America and Mexico with shares of 21.27% and 20.61% respectively.
Surgical grade paper is compatible with various sterilization methods, such as steam sterilization (autoclaving), ethylene oxide (ETO) sterilization, and gamma irradiation. It is important to use the appropriate type of paper for the specific sterilization method to ensure proper sterilization and maintain the integrity of the packaged items. The main factors driving the growth of the surgical grade paper market include the increase in surgical procedures, developing healthcare infrastructure and increased focus on patients’ safety. However, the availability of substitute products and limited availability in certain areas are expected to hinder the growth of the Latin America market. Nevertheless, growing demand for sustainable packaging is expected to present lucrative growth opportunities for the players in the Latin America market.
Market SegmentationThe Latin America surgical grade paper market has been segmented based on type, application, and country. Based on the type, coated paper accounted for the largest market share with a market value of USD 148.8 million in 2022 and is projected to grow at a CAGR of 5.6%. Based on the application, Ethylene Oxide Sterilization with a market value of USD 98.6 million in 2022, is projected to grow at a CAGR of 5.7% during the forecasted period.
Based on country, the Latin America Surgical Grade Paper Market is segmented into Mexico, Brazil, Argentina, Chile, Colombia, and Rest of Latin America
Major PlayersThe key vendors in the market are Monadnock Paper Mills, Inc., Ahlstrom, Smurfit Kappa, Amcor plc, Cisa Brasile Ltda, 3M, Nelipak Corporation, Cardinal Health, PMS, and UNION MEDICAL SAS.
Companies MentionedMonadnock Paper Mills
Inc.
Ahlstrom
Smurfit Kappa
Amcor plc
Cisa Brasile Ltda
3M
Nelipak Corporation
Cardinal Health
PMS
and UNION MEDICAL SAS.
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