The global chemical indicator
inks market is expected to reach USD 83.8 million by 2024, according to a new
report by Grand View Research, Inc. Increasing need for surgical accessories
among various end-use industries such as home healthcare sector, medical
facilities, and hospitals is expected to fuel product demand over the next
eight years.
Environmental norms put forth by various agencies including the EU and U.S. EPA to promote sustainable energy sources as opposed to conventional sources is expected to fuel water-based ink demand particularly in North America and Europe. Rising use of inhalers and prefillable syringes in the biotechnology industry for the manufacturing of numerous drugs is expected to have a positive impact on product demand over the next eight years.
Environmental norms put forth by various agencies including the EU and U.S. EPA to promote sustainable energy sources as opposed to conventional sources is expected to fuel water-based ink demand particularly in North America and Europe. Rising use of inhalers and prefillable syringes in the biotechnology industry for the manufacturing of numerous drugs is expected to have a positive impact on product demand over the next eight years.
Increasing occurrences of
nosocomial diseases in hospitals have led various associations to put forth
stringent regulations related to sterilization of products, such as surgical
bags, medical pouches, IV & blood containers, and bottles. This, in turn,
will fuel chemical indicator inks demand over the forecast period.
In depth research report on Chemical Indicator Inks Market
Further key findings from the report suggest:
•
The global chemical indicator
inks market was estimated over 3,300 tons in 2015 and is anticipated to grow at
a CAGR of around 7% from 2016 to 2024
•
Water-based inks are expected
to witness the fastest growth at a CAGR of around 8% in terms of volume from
2016 to 2024 on account of its environment-friendly nature and stringent
regulations put forth by various agencies including the U.S. EPA regarding
emissions of volatile organic compounds
•
Use of these products in the
steam sterilization process accounted for over 40% of the overall industry in
2015. Safety and hazard-free aspects increase the adoption of this
sterilization process and this, in turn, is expected to have a positive impact
on the industry over the next eight years.
•
Rotogravure printing process
accounted for over 15% of the overall industry in 2015 in terms of revenue.
Flexographic printing process is the fastest growing segment owing to its
versatility and ease to print on a wide range of substrates
•
IV & blood containers will
witness the significant growth in terms of revenue at a CAGR of over 9% from
2016 to 2024. IV & blood containers are largely employed in huge volumes
primarily in nursing homes, hospitals, emergency care services, home healthcare
sector, and ambulatory medical facilities. Rising use of these containers is
expected to fuel the product demand over the next eight years.
•
Latin America currently
accounts for a lesser share but is expected to witness considerable growth over
the forecast period. Emerging markets such as Brazil and Mexico are anticipated
to have a high potential for the product due to rapid expansion of healthcare
facilities in these countries
•
Key companies in the market are
primarily focused on increasing their global presence through new product
launches and mergers & acquisitions.
Grand View Research has
segmented the global chemical indicator inks market on the basis of product,
sterilization process, printing process, application and region:
Chemical Indicator Inks Product Outlook (Volume, Tons;
Revenue, USD Thousand, 2013 - 2024)
•
Solvent-based
•
Water-based
•
UV cured
Chemical Indicator Inks Sterilization Process Outlook
(Volume, Tons; Revenue, USD Thousand, 2013 - 2024)
•
Steam
•
Ethylene Oxide
•
Vaporized hydrogen & plasma
•
Formaldehyde
•
Others
Chemical Indicator Inks Printing Process Outlook (Volume,
Tons; Revenue, USD Thousand, 2013 - 2024)
•
Flexographic
•
Rotogravure
•
Screen
Chemical Indicator Inks Application Outlook (Volume, Tons;
Revenue, USD Thousand, 2013 - 2024)
•
Sterile bags
•
Sterile bottles
•
IV & Blood Containers
•
Prefillable Syringes
•
Pouches
•
Tapes
•
Tags & labels
•
Others
Chemical Indicator Inks Regional Outlook (Volume, Tons;
Revenue, USD Thousand, 2013 - 2024)
•
North America
o
U.S.
•
Europe
o
Germany
o
UK
•
Asia Pacific
o
China
o
India
•
Latin America
o
Brazil
•
MEA
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About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
It was wondering if I could use this write-up on my other website, I will link it back to your website though.Great Thanks. chemical indicator
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