Sterile Medical Packaging Market By Material (Plastic, Glass, Metal, and Paper & Paperboard), By Type (Thermoform trays, Sterile bottles & containers, Vials & ampoules, Pre-fillable inhalers, Sterile closures, Pre-filled syringes, Blister & clamshell, Bags & pouches, and Wraps), By Application (Pharmaceutical & biological, Surgical & medical instruments, In-vitro diagnostics products, and Medical implants), By Sterilization method (Chemical sterilization, Radiation sterilization, and High temperature/pressure sterilization), and Geography

 

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The global sterile medical packaging market size values USD 22.5 billion in 2021 and expected to reach USD 30.9 billion by 2028 at a CAGR of 5.43% during forecast period 2022-2028. The rising demand for medical devices in the healthcare industry is one of the major factors driving the demand for sterile medical packaging. With an increased preference for contamination-free medical products, the growth of the sterile medical packaging market is increasing, as uneven and unhygienic packaging can lead to fatal consequences. Rising regulatory enforcement for sterilized medical device packaging and the ageing population are also some of the main drivers for sterile medical packaging growth during the forecast period. However, introduction of strict regulatory requirements in the manufacturing sector in order to preserve the sterility of packaged content would dampen market growth. This study analyses the global sterile medical packaging market dynamics in a detailed manner to identify current trends and drivers, growth opportunities and potential challenges to the key stakeholders in the operating market. Furthermore, due to the ethical and hygiene aspects of protecting against the risks of disease transmission, the growing demand for single-use medical equipment will promote healthy market growth in the coming years. In addition, PBI has analyzed the global market to better equip customers with possible investment opportunities across region and consumer unmet needs. Key Developments: In December 2019, Dordan Manufacturing Inc. initiated its cleanroom project to enhance its existing expertise in medical packaging. In November 2019, ULMA Packaging launched a new, easy-to-open flow pack package for the medical sector.

Sterile Medical Packaging Market Summary

Study Period

2023-29

Base Year

2022

CAGR

5.43%

Largest Market

North America

Fastest Growing Market

Europe
Sterile Medical Packaging Market Drivers And Restraints

The growing prevalence of infectious and transmissible diseases and viruses such as COVID-19, influenza, tuberculosis and SARS has resulted in improved hygiene in medical devices designed to prevent patients from being infected or transmitting diseases. Market growth would be positively affected by the emphasis on durable packaging in medical devices such as syringes, needles, bandages, face masks, gloves, applicators, suction catheters, test kits and surgical sponges. For sterility, the packaging used in these devices needs effective maintenance. Thus, during the forecast era, the need for successful packaging solutions will propel the market.

Key Features of the Reports

  • Global sterile medical packaging market expanding at significant CAGR over 2022 to 2028 owing to rising demand for medical devices in the healthcare industry, an increased preference for contamination-free medical products.
  • North America accounted for larger share of market revenue based on the region and projected a gain in market revenue over a forecast period.
  • Players focusing on innovation of technologies and collaboration strategies to retain market position in global market.

Sterile Medical Packaging Market Segmentation

Material Type
  • Plastic
  • Glass
  • Metal
  • Paper & Paperboard
By Type
  • Thermoform trays
  • Sterile bottles & containers
  • Vials & ampoules
  • Pre-fillable inhalers
  • Sterile closures
  • Pre-filled syringes
  • Blister & clamshells
  • Bags & pouches
  • Wraps
By Application
  • Pharmaceutical & biological
  • Surgical & medical instruments
  • In vitro diagnostic products
  • Medical implants
Sterilization method
  • Chemical sterilization
  • Radiation sterilization
  • High temperature/Pressure sterilization

Frequently Asked Questions

The sterile medical packaging market is projected to expand at a CAGR of 5.43% during the forecast period.

Amcor Limited, 3M CompanyBemis Company, West Pharmaceutical Services Inc, SteriPack Ltd.

North America is the fastest-growing region for sterile medical packaging market

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  • Amcor Limited
  • 3M Company
  • Bemis Company
  • West Pharmaceutical Services Inc.
  • SteriPack Ltd.
  • Wipak Group
  • Placon Corporation
  • Oracle Packaging Inc.
  • Riverside Medical Packaging Company Inc.