Global Biological and Chemical Indicators Market Size, Trends, and Analysis with COVID-19 Impact - Forecasts to 2026 By Sterilization Type (Thermal, Chemical, Radiation), By Packaging form (Self-contained, Spore Suspension BI, Strip & Disc BI, Strip & Disc CI, Others), By End-user (Ambulatory Surgical Centers, Biopharma Industry, Hospitals, Clinics, Research Labs, Diagnostic Labs), By Indicator Class (Biological, Chemical, Enzyme), By Region (North America, Asia-Pacific, Middle East & Africa, CSA, Europe), End-User Landscape and Company Market Share Analysis and Competitor Analysis
Biological and Chemical Indicators Market Insights
The biological and chemical indicators market will grow in an upward direction during the forecast period. The biological and chemical indicator is an effective method to control and monitor the sterilization process. The sterilization process has spiked in the recent pandemic situation. The rise in the risk of the spread of the COVID-19 virus in hospitals, public spaces, and clinics puts high demand pressure on the newer sterilization technique which leads to high demand for the indicator market as well. The growing need for sterile pharmaceutical products, medical supplies, and equipment, drugs leads to the growing demand for the biological and chemical indicators in the market. The rise in the biopharma industry across the globe also drives the market for indicators towards high growth during the forecast period.
Biological and Chemical Indicators Market: By Sterilization Type
Based on the type, the market is bifurcated into radiation, thermal and chemical sterilization. The thermal sterilization for this market is expected to grow in an upward direction. This type is very commonly used to control the growth of microbes and is also inexpensive. The added advantage of the method lies in destroying the unwanted microbes effectively. The chemical sterilization is also expected to trend upwardly owing to its large scale use in hospitals, pharmaceutical, and food industry.
Biological and Chemical Indicators Market: By Packaging Form
Based on the packaging form, the market considers strip & disc BI, strip & disc Ci, and self-contained BI among others into account. The self-contained BI will have a huge market dominance given its efficacy to monitor the hydrogen peroxide gas plasma sterilization system. They minimize the risk of contamination with the fast production of results. The strip &disc Bi too would grow in a positive direction. They are equipped to monitor the efficiency of steam, dry heat, and ethylene oxide sterilizers. These features push the market demand for the biological and chemical indicators in a positive direction.
Biological and Chemical Indicators Market: By Indicator Class
Based on the indicator class, the market considers enzyme, chemical, and biological indicators into account. The enzyme indicator is expected to grow at a high pace in this market. The produce fast results are cost-effective and also capture precise data as compared to the biological indicators. The chemical indicators too would grow in an upward direction. They provide inexpensive solutions as compared to the biological indicators and also monitor the multiple locations inside the cycle.
Biological and Chemical Indicators Market: By End-User
Based on the end-user, the market considers hospitals, the biopharma industry, hospitals, food industry, and ambulatory surgical centers among others. The biopharma industry would experience upward growth in this market. The sterilization is fast changing the biopharma industry as drugs, drips, dressings and medical equipment are continually sterilized to cater to the consumer growing demand. The growth of the pharmaceutical industry across Asia-Pacific, Europe, and North America is also contributing to the high demand of the biological and chemical indicators in the market.
Biological and Chemical Indicators Market: By Region
Based on the region, the market considers Asia-Pacific, Europe, and North America into account. Europe region will lead the market towards a greater growth path during the forecast period. Established government laws and regulations, manufacturing of European standard products, and the growing pharmaceutical industry in the region are expected to lead to the market towards high growth. The Asia-Pacific region also presents ample opportunities for the indicator market. The growing market for drugs, the health care industry, and the growing need for safety amidst the COVID-19 situation has put the sterilization processes at a higher trajectory path in the current time.
Market Share and Competitive Analysis
Key players operating in the market include Protak Scientific, Steris Life Sciences, Mesa Labs, Inc, 3M, TM Media, Andersen Products, Getinge AB, Thermo Fisher Scientific, Mckesson Medical Surgical products Inc, Crosstex International Inc, Propper Manufacturing Co. Inc, Swastik Scientific Company, Tuttnauer, Gke, Excelsior Scientific, Ayka Medical Inc, Genev, Quality Micro Solutions, Ak Product, Miracle Industries and Surgeon Solutions among others.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global Biological and Chemical Indicators Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Biological and Chemical Indicators Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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