Sterilization Wraps Market Will Grow Rapidly In Coming Years
Sterilization Wraps Market Summary The global sterilization wrap market size was valued at USD 374.93 million in 2023 and is projected to reach USD 471.74 million by 2030, growing at a compound annual growth rate (CAGR) of 3.34% from 2024 to 2030. The market growth is primarily driven by factors such as the increasing number of clinical trials for new product development, the expanding geriatric population worldwide, and the rising incidence of chronic diseases. Additionally, the growing prevalence of Hospital Acquired Infections (HAIs) has significantly contributed to the rising adoption of sterilization wraps, as healthcare facilities continue to emphasize infection prevention and control. According to the United Nations Population Fund's 2023 statistics, in South Korea, 69% of the population was between the ages of 15 and 64 years, while 12% of the population in 2022 was aged 65 years or older. The global rise in the elderly population has amplified the demand for ...