Sterilization containers are rigid reusable systems used to store and protect surgical instruments post sterilization.
Albany NY, United States: Global Sterilization Containers Market: Introduction
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. These offer substantial environmental and economic benefits along with improved safety. Rigid containers are classified as class II medical devices, and validation with different sterilization techniques is required. Sterilization containers, which require higher upfront cost, 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 compared to sterilization wraps and their related disposal cost. An article published in 2012 by Practice Greenhealth, Mills-Peninsula Medical Centre, stated that disposal processing was estimated at around eight to 10 torn wrap sets per week costing the organization between US$ 800 to US$ 1,000 per week and around US$ 45,000 annually.
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Key Drivers of Global Sterilization Containers Market
High Adoption of Rigid Containers
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 boosts the adoption of rigid containers. For instance, the American Hospital Association published an article, ‘Convert to Rigid Reusable Sterilization Containers’, which indicated that switching from disposable blue wrap to rigid reusable sterilization containers saves substantial amount 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. The initial expenses of sterilization wraps are significantly lower; however, sterilization containers are much more cost-effective due to the fact that these are reusable and do not incur any cost related to waste disposable. Moreover, sterilization containers provide significant environmental benefits, as these do not cause any medical waste.
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Product Launches
Rise in use of rigid containers has permitted large medical device players to explore new avenues of profits. Therefore, the threat of new entrants is high to moderate in the sterilization containers market. Large medical device companies are entering the sterilization containers market and strengthening their business by developing advanced devices and launching new products. 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.
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North America to Account for Major Share of Global Sterilization Containers Market
North America is projected to account for major share of the global sterilization containers market during the forecast period. The sterilization containers market in the region is anticipated to expand at a high CAGR in the next few years due to changing trend of adoption of containers over wraps. Roughly 60% of hospitals in Europe use rigid containers and the remaining 40% use blue wraps. Europe is expected to account for significant share of the global sterilization containers market during the forecast period owing to environmental awareness and adoption of strict policies to control ecological deterioration. The market in Asia Pacific and Latin America is likely to be driven by 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, and Brazil.
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Key Players Operating in Global Sterilization Containers Market
The global sterilization containers market is highly consolidated owing to the presence of small number of key players.
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