Scope of the Study
Chemical indicator ink is a color changing ink which is used for sterilization monitoring purposes. These inks change its color permanently after exposing to sterilant or temperature conditions. If the color of the ink is changed it indicates that the sterilization process is completed as surgical accessory is safe for use. Also, it immediately identifies the completion of process by changing in color. Chemical indicator ink is designed to react in predefined sterilization process. In addition these are affixed with external part of product.
The market study is being classified by Type (Solvent-based, Water-based and UV cured), by Application (Sterile bags, Sterile bottles, IV & Blood Containers, Prefillable Syringes, Pouches, Tapes, Tags & labels and Others) and major geographies with country level break-up.
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 Crosstex International Inc. (United States).
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 predicted period.
AdvanceMarketAnalytics has segmented the market of Global Chemical Indicator Inks market by Type, Application and Region.
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.
- Rising Prevalence of Nosocomial Diseases is Fueling the Market Growth
- Stringent Government Regulations for Sterilization of Various Surgical Products
- Surge in Demand of Anti-Microbial Coatings in Health Care Industry due to Coronavirus Pandemic is having a Positive Impact on the Market
- Usage of Chemical Indicator Ink in Manufacturing of IV and Blood Containers
- Increasing Use of Inhalers and Pre Fillable Syringes for Manufacturing of Various Drugs
- Decreasing demand of paints and coatings in automotive, electronics and white goods due to lockdown may hamper the market
- Growing Health Care and Pharmaceutical Industry is Boosting the Market
- Environment Friendly Nature of a Product
- Limited Manufacturers of Chemical Indicator Ink in the Market
Market Leaders and their expansionary development strategies
On 2nd May 2019, 3M, a manufacturer of more than 55,000 products including adhesives, laminates and others has acquired Acelity which is a global advanced wound care company.
Key Target AudienceManufacturers, Raw material suppliers, Government associations, Research organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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