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Sterilization Wrap Market size was valued at around USD 374.9 million in 2023 and is anticipated to register a CAGR of over 3.9% between 2024 and 2032. Sterilization wrap refers to a specialized material used in healthcare settings to package and sterilize medical instruments, devices, and supplies.
Hospital-acquired infections pose a significant threat to patient safety and healthcare facilities. Sterilization wraps play a crucial role in preventing HAIs by maintaining the sterility of medical equipment and supplies. For instance, according to estimates from the Centers for Disease Control and Prevention (CDC), hospital-acquired infections (HAIs) in American hospitals result in approximately 1.7 million infections and 99,000 related fatalities annually. Thus, as the prevalence of HAIs increases, healthcare facilities seek advanced sterilization services which is estimated to reach USD 9.3 billion by 2032, and sterilization methods, including sterilization wraps, to reduce the risk of infections.
Single-use sterilization wraps offer convenience, efficiency, and reliability in sterilizing medical instruments and supplies. Healthcare facilities are increasingly adopting single-use sterilization wraps due to their ease of use, reduced risk of cross-contamination, and compliance with infection control protocols. The growing preference for single-use sterilization wraps contributes to the expansion of the market.
Plastic & polymer segment held a major market share in 2023 and is estimated to account for USD 320.8 million by 2032, owing to their advantages such as lightweight, flexibility, and moisture resistance, making them ideal for maintaining the sterility of medical instruments and supplies.
The Global sterilization wrap industry was valued at around USD 374.9 million in 2023 and is estimated to reach over USD 527.3 million by 2032, owing to its role in preventing HAIs by maintaining the sterility of medical equipment and supplies.
North America sterilization wrap industry held a significant revenue share of 40.6% in 2023 and is predicted to witness substantial growth through 2032, owing to a well-established healthcare infrastructure, with advanced hospitals and clinics, in the region.
Ahlstrom, Berry Global Inc., Cardinal Health, Inc., Dynarex Corporation, McKesson Corporation, Medline Industries, LP., Narang Medical Limited, Owens & Minor, Inc., Propper Manufacturing Co., Inc., STERIS plc are some of the major industry contenders.