Sterilization Wraps Market to Reach US$ 512.1 Mn by 2026
The global sterilization wraps market is likely to expand in the coming years due to growing emphasis on maintaining hygiene within hospitals, to curb the spread of infections. According to a report published by Fortune Business Insights, titled “Sterilization Wraps: Global Market Analysis, Insights and Forecast, 2019-2026,” the market is likely to reach US$ 512.1 Mn by 2026. Fortune Business Insights has stated that the market was valued at US$ 376.1 Mn in 2018 and is likely to exhibit a CAGR of 4.0% in the forecast period.
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Medline’s Sterilization Wraps Yields Strong Market Figures
Medline’s Gemini sterilization wrap has been successful in many aspects. The properties of Gemini wrap have led to its increased use, which is indicative of high demand among end users. Gemini wrap was manufactured with 100% polypropylene. The use of polypropylene has helped to reduce punctures and minimize tear. Gemini was massively helpful in reducing contamination, besides enabling improved patient outcomes. Medline has made Gemini available in a range of weights including super lightweight to heavyweight, depending upon the requirement from end users. Medline’s Gemini has boosted the global market and is likely to favor the growth of the global market in the coming years.
Owen and Minor acquires Halyard’s Surgical & Infection Prevention (S&IP) Business
In May 2018, Owen & Minor completed the acquisition of Halyard Health’s surgical & infection prevention (S&IP) business. With the acquisition, Owen & Minor aims to make its mark in the healthcare industry. Halyard Health is one of the leading companies in the global sterilization wraps market and with a strong product portfolio, Owen & Minor is likely to establish a stronghold in the market. Halyard offers a wide range of products such as sequential sterilization wraps and SMS sterilization wraps. Huge investment in research and development of sterilization wraps is likely to boast the production and sales. This acquisition is likely to have a positive impact on the global sterilization wraps market and may enable growth of the market in the coming years.
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