Material and packaging

Global Sterile Medical Packaging Market is Projected to Register a Healthy CAGR of 4.95 % in the Forecast to 2026

Attaining complete info about the trends and opportunities in the industry is fairly time consuming process but the market report eases it for businesses. Sterile Medical Packaging Market research report acts as a valued source of information with which businesses can achieve a telescopic view of the current market trends, consumer’s demands and preferences, market situations, opportunities and market status. The report comprises of a number of market dynamics and estimations of the growth rate and the market value based on market dynamics and growth inducing factors. To formulate this Sterile Medical Packaging Market report, detailed market analysis has been performed with the inputs from industry experts.

Global Sterile Medical Packaging Market is expected to rise from its initial estimated value of USD 8.78 billion in 2018 to an estimated value of USD 12.92 billion by 2026, registering a CAGR of 4.95% in the forecast period of 2019-2026.

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Market Definition: Global Sterile Medical Packaging Market

Sterile medical packaging is a packaging method utilized for protection of medical products utilized in the healthcare industry against various environmental factors, contaminants, bacteria, etc. from the point of manufacturing when packaged to the end-point of consumption. This packaging process also involves decontaminating the packaging products and medical products of being sterilized of any contaminants before being used.

Market Drivers:

  • Growth of geriatric population resulting in high demand for medical devices and surgical equipment, which is expected to drive the growth of sterile medical packaging
  • High consumption of medical devices from is expected to drive the market growth

Market Restraints:

  • Strict regulations from the authorities regarding the specifications and materials used by the manufacturers in packaging is expected to restrain the market growth
  • Consistency in maintenance of medical packaging products and protection of products is also expected to restrain the market growth

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Segmentation: Global Sterile Medical Packaging Market

  • By Product Type
    • Thermoformed Trays
    • Bottles & Containers
    • Vials & Ampoules
    • Blister & Clamshell
    • IV Containers & Bags
    • Sterile Lid
    • Pouches
    • Die-Cut Baker Cards
    • Guided Wire Hoops
    • Sterile Wraps
    • Others
  • By Sterilization Method
    • Chemical Sterilization
      • Ethylene Oxide (EtO)
      • Hydrogen Peroxide
      • Others
    • Radiation Sterilization
      • Gamma Radiation
      • E-Beam
      • Others
    • High Temperature/Pressure Sterilization
      • Steam Autoclave
      • Dry Heat
  • By Material Type
    • Plastics
      • High-Density Polyethylene (HDPE)
      • Polyester
      • Polypropylene
      • Polyvinyl Chloride (PVC)
      • Polycarbonate
      • Polystyrene
      • Others
    • Paper
    • Foil
    • Non-Woven
    • Foam Sheets
    • Glass
    • Metals
      • Aluminum
      • Stainless Steel
  • By Application
    • Medical Disposable Supplies
      • Surgical Preparation Kit
      • Sutures & Catheters
      • Pre-Packed Medical Supplies
    • Medical Equipment
      • Cardiovascular
        • Electrophysiology
        • Peripheral Vascular
      • Neurovascular
      • Endoscopic
      • Orthopaedic
      • Ophthalmology
      • Injection System
      • Electrosurgical Accessories
      • Others

Key Developments in the Market:

  • In June 2018, Tekni-Plex Inc. announced they had acquired healthcare packaging business division of Oracle Packaging. The expanded product portfolio added to the organization will provide them with enhanced expertise in providing consumer-specific flexible packaging solutions
  • In May 2016, Bemis Company Inc. announced the completion of acquisition of SteriPack Group, with the company dealing in medical device packaging and related services. This acquisition is expected to expand the packaging services provided to the various industries

Competitive Analysis:

Global sterile medical packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of sterile medical packaging market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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