Sterile Medical Packaging Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2019 and Forecast 2020-2026

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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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Report

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.

Sterile Medical Packaging Market

MARKET SUMMARY
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5.43% CAGR
  • Study Period– 2021 – 2026
  • Base Year– 2020
  • CAGR– 5.43%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Sterile Medical Packaging Market

  • The report on global sterile medical packaging market gives historical, current and future market sizes (US$ Bn) on the basis of material, type, application, sterilization method, and geography.
  • sterile medical packaging market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Amcor Limited
  • 3M Company
  • Bemis Company
  • West Pharmaceutical Services Inc.
  • SteriPack Ltd.
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.


North-America got significant share

Sterile Medical Packaging Market

It is expected that North America will be one of the largest markets for sterile medical packaging, largely due to the numerous regulations implemented by the FDA, which, in turn, are driving demand in this area for sustainable and high-quality products. Moreover, the market has become very competitive in the area due to the presence of several major players and strict FDA regulations. Companies in the region are growing in order to obtain a competitive advantage over competitors. The availability of counterfeit drugs and packaging is a major challenge for the industry in this area. The United States, which has many laws in place to prevent these counterfeit prescription items from being produced and sold, is seeing the consumer penetration of fake and substandard medications.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Notable Market 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.

Key

Key Findings of the Report


Key

Key Features of the Report

Sterile Medical Packaging Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

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

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.

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