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    Chemical Indicator Inks Market Report

    Chemical Indicator Inks Market Report
    Report code - SR2208 Delivery - 2 Weeks
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    Chemical Indicator Inks Market Size, Share, Trend, Forecast, Competitive Analysis, and Gro See more...

    Market Insights

    The robust product demand in the surgical instrument market is driving the global chemical indicator inks market. Surgical instruments are the most commonly sterilised items because they come into direct touch with the patient throughout the treatment. The use of disinfection and sterilising techniques in surgical applications to reduce hospital-acquired infections will drive the growth of the market in the near future.

    Nosocomial infections and their control are a global concern because of the high morbidity and mortality of patients. In addition, due to further antibiotic treatment and prolonged hospitalisation, nosocomial infections raise health-care costs. Furthermore, increased healthcare expenditure in the APAC nations such as China, Japan, and India would drive the demand for chemical indicator inks during the forecast period.

    In a difficult formulation process, the printing process has a significant impact. Flexographic printing, for example, is more fluid than screen printing, which raises the overall costs due to fluctuations in the market price of chemical indicator inks. As a result of these factors, the chemical indicator inks market is expected to grow at a promising CAGR of 8.9% during the forecast period.

    Segment Analysis

    Based on the sterilization process type, the market is bifurcated into steam, ethylene oxide, vaporized hydrogen & plasma, and formaldehyde. Steam is expected to lead the market during the forecast period because it is one of the most commonly used methods for medical sterilisation as it contains no hazardous ingredients and is therefore extremely safe for surgical tools. Furthermore, the method is used for all critical and semi-critical heat and moisture-resistant instruments.

    Based on the printing process type, the market is segmented as flexographic, rotogravure, and screen. The flexographic segment is expected to remain the most preferred printing process type during the forecast period. It may be applied to a variety of surfaces, including paper and plastics. Due to the large variety of substrate printing options and the use of ecologically safe chemical indicator inks via water-based formulation, this technique's market share is expected to grow significantly in the coming years.

    Based on the product type, the market is segmented as solvent-based, water-based, and UV-cured. The water-based chemical indicator ink segment is expected to have the highest share of the market in the foreseen future, due to superior product qualities such as improved colour, improved surface appearance, ink performance flow behaviour, and gloss, as well as the fact that these inks are eco-friendly.

    Based on the application type, the market is segmented as sterile bags, sterile bottles, IV & blood containers, prefillable syringes, thermoformed trays, pouches, tags & labels, and tapes. Among these application types, the sterile bags industry is likely to remain the biggest demand generator for chemical indicator inks during the forecast period because of its vast applications in the medical field. These bags are clear and perforated, making them easier for the sterilant to penetrate for complete sterilisation.

    In terms of regions, North America is expected to remain the largest market for chemical indicator inks over the forecast period. The region's ageing population, which is increasing the demand for healthcare facilities, would escalate the demand for sterilising products, propelling the region’s industry growth. Europe and Asia-Pacific are also expected to offer substantial growth opportunities in the coming years.

    Key Players

    Most of the companies are deploying various strategies regarding product development & differentiation, pricing, branding, technology, and customized products to gain competitive advantage. The following are some of the key players in the chemical indicator inks market:

    • 3M
    • Cross Tex International Inc.
    • NiGK Corporation
    • North American Science Associates Inc. (NAMSA)
    • Riken Chemical
    • STERIS
    • Tempil
    • Terragene SA

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s chemical indicator inks market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product Portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The chemical indicator inks market is segmented into the following categories:

    Chemical Indicator Inks Market, by Sterilization Process Type

    • Steam (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Ethylene Oxide (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Vaporized Hydrogen & Plasma (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Formaldehyde (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Chemical Indicator Inks Market, by Printing Process Type

    • Flexographic (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Rotogravure (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Screen (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Product Type Analysis

    • Solvent-based (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Water-based (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • UV-Cured (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Chemical Indicator Inks Market, by Application Type

    • Sterile Bags (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Sterile Bottles (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • IV & Blood Containers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Prefillable Syringes (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Thermoformed Trays (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Pouches (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Tags & Labels (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Tapes (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Chemical Indicator Inks Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, Italy, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com

    Frequently Asked Questions (FAQ)

    The chemical indicator inks market is estimated to grow at a healthy CAGR of 8.9% over the next five years.

    3M, Tempil, NiGK Corporation, Riken Chemical, Terragene SA, STERIS, North American Science Associates Inc. (NAMSA), and Crosstex International Inc. are some of the key players in the market.

    North America is estimated to be dominant in the chemical indicator inks market in the coming years. The region's ageing population, which is driving the demand for healthcare facilities, is likely to boost the sterilising product demand, propelling the regions industry growth.

    The robust product demand in the surgical instrument market is driving the chemical indicator inks market. Surgical instruments are the most commonly sterilised items because they come into direct touch with the patient throughout the treatment.

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