What is Chemical Indicator Inks Market?
Chemical indicator ink is a color-changing ink that is used for sterilization monitoring purposes. These inks change their color permanently after exposure to sterilant or temperature conditions. If the color of the ink is changed it indicates that the sterilization process is completed as a surgical accessory is safe for use. Also, it immediately identifies the completion of the process by changing color. Chemical indicator ink is designed to react in a predefined sterilization process. In addition, these are affixed with external parts of the product.
Highlights from Chemical Indicator Inks Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Steritec Products Inc. (United States), North American Science Associates Inc. (United States), Riken Chemical Co., Ltd (Japan), Propper Manufacturing Company, Inc. (United States), 3M (United States), Tempil (United States), NiGK Corporation (Japan), ETIGAM BV (Netherlands), Steris Corporation (Ireland) and GKE GmbH (Germany) |
CAGR | 7.9% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Chemical Indicator Inks market throughout the forecasted period.
Steritec Products Inc. (United States), North American Science Associates Inc. (United States), Riken Chemical Co., Ltd (Japan), Propper Manufacturing Company, Inc. (United States), 3M (United States), Tempil (United States), NiGK Corporation (Japan), ETIGAM BV (Netherlands), Steris Corporation (Ireland) and GKE GmbH (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Terragene (United States) and Cantel Medical Corporation (Crosstex International Inc.) (United States). Chemical Indicator Inks Market Segmentation:
Scope | Sub-Segments |
---|
Application / End User | Sterile bags, Sterile bottles, IV & Blood Containers, Prefillable Syringes, Pouches, Tapes, Tags & labels and Others |
Type | Solvent-based, Water-based and UV cured |
Printing Process | Flexographic,Rotogravure,Screen |
Sterilization Process | Steam,Ethylene Oxide,Vaporized hydrogen & plasma,Formaldehyde,Others |
On the basis of geography, the market of Chemical Indicator Inks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Usage of Chemical Indicator Ink in the Manufacturing of IV and Blood Containers and Increasing Use of Inhalers and Pre-Fillable Syringes for Manufacturing of Various Drugs
Market Growth Drivers:
Rising Prevalence of Nosocomial Diseases is Fueling the Market Growth, Stringent Government Regulations for Sterilization of Various Surgical Products and Surge in Demand for Anti-Microbial Coatings in Health Care Industry due to the Coronavirus Pandemic is having a Positive Impact on the Market
Challenges:
Limited Manufacturers of Chemical Indicator Ink in the Market
Restraints:
Decreasing demand for paints and coatings in automotive, electronics, and white goods due to the lockdown may hamper the market
Opportunities:
The growing Health Care and Pharmaceutical Industry is Boosting the Market and Environment-Friendly Nature of a Product
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others
Market Leaders & Development Strategies
On 2nd May 2019, 3M, a manufacturer of more than 55,000 products including adhesives, laminates, and others acquired Acelity which is a global advanced wound care company.
Regulations governing the general content and format of 510(k) submissions for chemical indicators are codified under 21 CFR Part 807. These and other regulatory requirements pertaining to the marketing of a new medical device are discussed in guidance documents available from CDRH, Division of Small Manufacturers, International, and Consumer Assistance (DSMICA). Management of current sterilization technologies requires the use of more than one type of monitoring procedure. Chemical indicators are an integral part of this monitoring process.