Autoclave Indicator Tape Market Business Revenue, Future Scope, Market Trends, Key Players and Forecast to 2023
Summary
Global Autoclave Indicator Tape Market Segments, Future Scope, Analysis, Size, Share, Trends By Method (Gravity Discharge, Vacuum Autoclave) By backing material (Paper, Plastic, Woven and Others) and Region - Forecast 2023
Autoclave Indicator Tape Market Overview
An autoclave chamber is capable of heating lab or medical devices above the boiling point. This process effectively sterilizes the instruments. Due to the high heat and pressure created in autoclaves during operation, proper loading and use must be followed to prevent burns and other accidents.
The new research report about the global autoclave indicator tape market published by Market Research Future (MRFR) assays advancement for this market at 5% CAGR between 2017 and 2023. By value, the market can be worth the USD 808.2 Mn by the end of the forecast period.
The most important factor for the global autoclave indicator tape market growth is the eco-friendly nature of steam autoclave as it contains no lead or any other toxic heavy metal.
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Key Players
Major players in the global autoclave indicator tape market include
- 3M (USA)
- Anqing Yiren Medical Material Co. Ltd (China)
- Guangzhou Maidi Medical Co. Ltd (China)
- Komal Health Care Pvt. Ltd.(India)
- Medline Industries Inc. (USA)
- Narang Medical Limited (India)
- Spectrum Chemical Manufacturing Corp (USA)
- Thomas Scientific (USA)
- VWR (USA)
Market Analysis
Market Research Future analysis show that the global market of autoclave indicator tape market is estimated to grow at USD 808.2 Million by the end of year 2023. Autoclaves provide a physical method for disinfection and sterilization. They work with a combination of steam, pressure and time. Autoclaves operate at high temperatures and pressure in order to kill microorganisms and spores. They are an economical way of sterilizing and decontaminating items. Because some materials present specific hazards such as generation of toxic and noxious gas. So, the autoclave indicator tape is designed to distinguish between processed and unprocessed items. Increased regulations and the requirement for proper sterilization in private clinics have given rise to the demand for sterilizers that are easy to use and maintain. North America is leading the market of autoclave indicator tape. The global autoclave indicator tape is expected to grow at CAGR of 5% between years 2017 to 2023.
Market Segmentation
The global autoclave indicator tape market segmentation covers backing material and method. MRFR’s attempt of exploring these features at close quarters provides insights of market trends.
Regarding backing material, this market has been segmented into paper, plastic, woven, and others. Based on the method, the market has been segmented into gravity discharge and vacuum autoclave.
Regional Analysis
The regional segmentation of the global autoclave indicator tape market covers the Americas (North America & South America), Asia Pacific, Europe, and Rest of the World (RoW).
The Americas region can become the largest regional market in 2023. Due to technological advancement, North America has evolved as the greater regional market over South America. North America holds the potential of being the largest regional market on its own. Apart from technological advancement, the presence of key market players is contributing to the market growth in North America, especially in the USA. After USA, Canada is the most important country-specific market in this region. In South America, the market is growing due to investments in research facilities. Most of these research facilities are Brazil, Chile, and Columbia, making these countries, the major country-specific markets in this region.
At the moment, the Asia Pacific region is the largest regional market in terms of revenue share. By 2023, this market can be worth USD 247.1 Mn due to rapid migration of research & development (R&D) companies in the region. Many international companies from North America and Europe are setting up their R&D laboratories in the Asia Pacific region. Their favorite destinations in this region are China, India, and Japan, as these three countries are among the most technologically advanced countries in this region. Other countries of the Asia Pacific region are also contributing revenue for market growth.
Factors aiding the growth of the European market are the same as in North America. The top-level country-specific markets in this region are France, Germany, and the UK. A small amount of market revenue comes from the remaining countries in Europe.
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