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Description
The global sterile medical packaging market size values USD 22.5 billion in 2020 and expected to reach USD 30.9 billion by 2026 at a CAGR of 5.43% during forecast period 2021-2026. 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.
