Product ID: UCMIR35B2197
Report ID:
UCMIR35B2197 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market size of sterilization indicator tape in the United States reached USD 44.1 million in 2022 and is anticipated to experience a compound annual growth rate (CAGR) of 3.6% throughout the projected period. Over the past ten years, there has been a notable surge in pharmaceutical and biotechnology companies within the U.S., amplifying the demand for sterilization procedures. This surge has heightened the necessity for sterilization validation products like indicator tapes, as evidenced by the substantial research and development investments made by companies like 3M, which allocated approximately USD 1.86 billion for research and development in 2022 compared to USD 1.43 billion in 2010.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Supplies by segment aggregation, the contribution of the Health Care Supplies in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIR35B2197