Flourishing healthcare industry is expected to drive the growth of global sterile medical packaging market in the forecast period, 2023-2027.
According to TechSci Research report, “Sterile Medical Packaging Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global sterile medical packaging market is anticipated to grow at a significant rate in the forecast period, 2023-2027. This can be ascribed to the increasing demand from healthcare and pharmaceutical industry sectors. The demand for sterile medical packaging has significantly increased after the sudden outbreak and spread of pandemic COVID-19 on account of growing concerns among the healthcare professionals and general population regarding infection control. Furthermore, the use of disposable medical supplies has also increased after the COVID-19 crisis leading to an increased demand for sterile medical packaging options.
However, maintaining the integrity of the medical package during storage, handling, and distribution poses a challenge for the manufacturers, thereby hindering the market growth. Additionally, stringent regulatory scenario related to product specifications and materials used for producing different sterile medical packaging products is expected to slow down the market growth during the forecast period.
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The global sterile medical packaging market is segmented into by type, by material, by sterilization method, by application and by region.
Based on material type, the market for sterile medical packaging can be further divided into plastic, paper and paperboard, glass, and others. Plastic segment is expected to dominate the market in the coming years since it has a variety of qualities that make it suitable for use in a range of medical applications. Plastic is inexpensive, easy to mould, and has many protective qualities, including a wide temperature-pressure range, high tolerance for humidity, significant endurance against exposure to UV rays, cleanliness, and bioburden.
Based on application, the sterile medical packaging market can be further categorized into pharmaceutical & biological, surgical & medical instruments, in vitro diagnostic products, medical implants, and others. The pharmaceutical & biological segment dominated the market in 2021 owing to the flourishing healthcare industry and development of new medicines
Major operating companies operating in global sterile medical packaging market are:
- Amcor Limited
- DuPont de Nemours, Inc.
- 3M Company
- West Pharmaceutical Services, Inc.
- Sonoco Products Company
- Placon Corporation Inc.
- Billerkornas AB
- Oracle Packaging, Inc.
- SteriPack Limited
- Riverside Medical Packaging Company Ltd.
“North America is expected to dominate the global sterile medical packaging market during the forecast period. This can be ascribed to the increasing demand for sustainable medical packaging options in the region. Additionally, the presence of key market players in the region is expected to further support the market growth through 2027. Besides, flourishing pharmaceutical and healthcare industry within the region especially in the United States is expected to further create lucrative opportunities for the market growth” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
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“Sterile Medical Packaging Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type ( Thermoform Trays, Sterile Bottles & Containers, Vials & Ampoules, Bags & Pouches, Pre-filled Syringes, Sterile Closures, Others), By Material ( Plastics, Metals, Glass, Paper & Paperboard, Others), By Sterilization Method (Chemical Sterilization, Ethylene Oxide, Hydrogen Peroxide, Others ), By Application ( Pharmaceutical & Biological, Surgical & Medical Instruments, In Vitro Diagnostic Products, Medical Implants, Others ) and By Region”, has evaluated the future growth potential of global sterile medical packaging market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global sterile medical packaging market.
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