Global Chemical Indicator Inks Market: Snapshot
Chemical indicator inks are witnessing high demand as their demand has increased across various sterilization monitoring processes. The market is anticipated to grow at an exponential speed due to high product demands in the surgical instrument market. Another factor contributing to the market growth is that these inks can be used on various bases owing to their significant properties such as improved color and shine. Owing to the rising mortality and fatality rate, eradication of nosocomial infections has become a challenge all over the world. The infection also affects the expenses incurred by patients over extended hospitalization and antimicrobial treatment. The flexographic printing segment has the leading shares in chemical indicator inks market. The above technique is mainly used due to its property to be able to be printed on several types of bases, for instance, cardboard, paper, and many others and also being cost-effective printing solution.
As water-based inks holds low content volatile organic compound and has nature-friendly properties it adds to the rising demand in coming times. The rising trend of using tags and labels reading sterilized in the healthcare sector has also been pushing up demand in the market. From the region perspective, Asia-Pacific is likely to flourish due to increased expenditure healthcare. This factor is responsible for a substantial rise in the expenses incurred for treating the people over 60 years of age, which in turn will contribute in the surge of the ink indicator market on a global scale. Various key players are working to develop different kinds of products to gain an edge over their competitors in the market.
Global Chemical Indicator Inks Market: Overview
Chemical indicator inks find application in different sterilization monitoring processes because of their ability to switch colors when exposed to certain sterilants at set temperatures. The change in color bears proof of the fact that the sterilization process is over and that the instruments are safe to be used for the next surgery.
Global Chemical Indicator Inks Market: Key Trends
One factor majorly boosting the global market for chemical indicator inks is the rising instances of nosocomial infections and stringent norms pertaining to sterilization in the healthcare sector. The rising trend of using tags and labels reading sterilized in the healthcare sector has also been pushing up demand in the market. These products are mainly used in the sterilization monitoring process, in which they change permanently on exposure to predefined temperatures and specific sterilants.
Increasing product use in the in the production of IV and blood containers and pouches to avoid infection among patients is expected to stoke demand in the years ahead. Additionally, several rules in France, the U.S., and the U.K. for sterilization is expected to boost the use of product in the years ahead. Further bolstering the market is the emergence of better technologies such as steam, hydrogen peroxide and plasma, and ethylene oxide. For example, steam sterilization holds a substantial global share because of its widespread medical applications as the process does not result in any toxic content.
Global Chemical Indicator Inks Market: Market Potential
Among the different sterilization processes used, steam has spelt maximum opportunity so far in the global chemical indicator inks market on account of not having any toxic content that makes the process highly safe for surgical instruments. Further, the process is preferred for all critical and semi-critical items that are heat and moisture resistant. Going forward, however, ethylene oxide is predicted to gain maximum market share because of its ability to sterilize medical and pharmaceutical products such as electronic components, plastic containers, and plastic packaging that cannot withstand the high temperature steam sterilization such as plastic packaging, or plastic containers.
Depending upon applications, sterile bags hold maximum opportunity in the global chemical indicator inks market on account of their widespread use in the medical industry. On account of being transparent and perforated, these bags improve the ease of penetration of the sterilant for complete sterilization. Going forward, tapes will outpace all other segments in terms of growth rate.
Global Chemical Indicator Inks Market: Regional Outlook
Geographically, the key segments of the global market for chemical indicator inks are North America, Europe, Asia Pacific, and the Rest of the World. North America, among them, is a key region. The U.S. leads the charge in North America on account of a substantial aging population drastically driving up demand for healthcare facilities.
Besides North America, the market in Europe is slated to see good growth too on the back of growing environmental concerns over VOC emissions. Developing regions in Asia Pacific and Latin America will also substantially contribute to demand.
Global Chemical Indicator Inks Market: Competitive Analysis
Robust competition characterizes the global market for chemical indicator inks with manufacturers endeavoring to come up with more effective processes to draw more customers. To assess the competition prevailing in the market, the report profiles companies such as Riken Chemical, 3M, Tempil, NiGK Corporation, Terragene SA, North American Science Associates Inc., Crosstex and gke Gmbh.
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The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
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Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.
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