Sterilization containers are rigid reusable systems used to store and protect surgical instruments post sterilization. Rigid containers come in various materials and sizes and have filters to permit sterilizing agents to enter the container. Rigid containers are an alternative to pouches and wraps commonly used to package surgical instruments. They offer substantial environmental and economic benefits along with improved safety. They are categorized as Class II medical devices, and validation with different sterilization techniques is required. Sterilization containers, which require higher upfront costs, are made of metal or plastic. With respect to lifespan, these containers last for years. Reusability of rigid containers leads to massive reduction in waste generated compare to sterilization wraps and their related disposal cost. As per an article published in 2012 by Practice Greenhealth, Mills-Peninsula Medical Centre, disposal processing was estimated at around 8-10 torn wrap sets per week costing the organization between $800 to $1000 per week and around $45,000 annually.
Sterilization wraps are less costly at first but generate 5% to 10% of total hospital waste. Significant disposal cost and damage to the environment are major concerns associated with wraps. This is boosting the adoption of rigid containers. For instance, the American Hospital Association published an article ‘Convert to Rigid Reusable Sterilization Containers’ that mentions that switching from disposable blue wrap to rigid reusable sterilization containers saves substantial amounts of money, reduces waste, decreases energy requirements, increases storage space, improves patient safety and instrument reprocessing turnaround time, and has been demonstrated to help health care organizations’ bottom line. Although the initial expenses of sterilization wraps are significantly lower, sterilization containers are much more cost-effective due to the fact that they are reusable and do not incur any cost related to waste disposable. Also, sterilization containers provide significant environmental benefits as they do not cause any medical waste.
Rise in use of rigid containers has permitted big medical device players to explore new avenues of profits. Therefore, the threat of new entrants is high to moderate for the sterilization containers market. Large medical device companies are entering the sterilization containers market and strengthening their business by developing advanced devices and new product launches. For instance, in 2016, Becton, Dickinson and Company introduced a new low temperature sterilization container, Genesis low temperature rigid container system, which is validated for newer low-temperature sterilization processes and systems from market-leading sterilizer manufacturers, including the V-PRO Low Temperature Sterilization Systems from STERIS and STERRAD Systems.
The global sterilization containers market can be segmented based on type, end-user, and geography. In terms of type, the sterilization containers market can be divided into perforated and non-perforated sterilization containers. Based on end-user, the sterilization containers market can be categorized into hospitals, ambulatory surgical centres, specialty clinics, and others. The hospitals segment is expected to boost the global sterilization containers market due to high demand for sterilization products in operation rooms of hospitals globally.
In terms of geography, the global sterilization containers market can be segmented into. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Roughly 60% of hospitals in Europe use rigid containers and the remaining 40% use blue wraps. Europe is expected to hold a major share in the sterilization containers market during the forecast period owing to environmental awareness and adoption of strict policies to control ecological deterioration. The sterilization containers market in North America expected to expand at a rapid CAGR during forecast period due to changing trend of adoption of containers over wraps. The market in Asia Pacific and Latin America is anticipated to expand in future due to low environmental awareness, rise in health care spending, and improving health care infrastructure. High upfront cost of rigid containers compared to wraps is one of the major factors limiting the expansion of the sterilization containers market in rapidly developing countries such as China, India, Brazil, etc..
The rivalry in the global sterilization containers market is high to moderate. The sterilization containers market is consolidated in nature with a few large players holding substantial market share. Aesculap, Inc., a subsidiary of B. Braun Company, holds a major share and is considered to be the market leader in the global sterilization containers market. Major market players in the global sterilization containers market include Case Medical, Becton, Dickinson and Company, Aygun Co. Inc., Jewel Precision, Paragon Medical, Medline Industries, Inc. and Symmetry Surgical Inc..
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.