Sterile Medical Packaging Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

Sterile Medical Packaging Market Global Trends, Market Share, Industry Size,
Growth, Opportunities, and Market Forecast 2019 to 2026
Sterilization plays an important role in the medical world. With new micro-organisms
being recognised and prevailing infectious hazards as a result of environmental
temperature fluctuations and rising pollution, regulatory norms and so on sterile
medical packaging becomes even more vital. The packaging of medical products
ensures its potency, quality, stability and identification resulting in effective
healthcare management. Sterile medical packaging warrants all of the above factors
along with the critical aspect of preventing unintentional microbial transmission and
non-favourable after-effects of a drug due to contamination and stability issues.
Rise in use of innovative automated packaging manufacturing process, up thrust in
healthcare and pharmacy sector, greater need for drug protection, strict regulatory
norms are fuelling the demand for sterile medical packaging, which is expected to
create an exponential surge in the sterile medical packaging market. This is an
indicator that global sterile medical packaging market will surpass the mark of $45
billion by 2026 and register a CAGR of 5.82% for the forecast period of 2019-2026.
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Global sterile medical packaging market is segmented based on product type,
sterilization method, application and region.
The product segmentation comprises of thermoform trays, wraps, sterile bottles &
containers, blister & clamshells, pre-filled syringes, vials & ampoules, bags, closures
and others.
The material segmentation is led by primarily by two metals-stainless steel and
aluminium. Plastic and polymers like PVC, Polypropylene, Polyester, Polystyrene,
Polycarbonate, HDPE are also widely used due to ease of availability and costeffectiveness. However, alarming environmental hazards of plastic are forcing to
seek economical alternatives. Also, paper & paperboard, glass and other materials
share this segment.
Sterilization method segmentation to relay majorly on chemical sterilization over the
forecasted period
Ethylene oxide, hydrogen peroxide, chlorine dioxide is used in low-temperature
sterilization of heat- and moisture-sensitive medical devices. Other segments include
high temperature/ pressure sterilization and radiation sterilization. Chemical
sterilization using Ethylene oxide is effortless and affordable as it reduces the steps in
a series of sterilization without any aeration. Ethylene oxide is estimated to quickly
replace hydrogen peroxide over the forecasted period.
Global sterile medical packaging market segmentation by application includes In
Vitro diagnostic product, pharmaceutical & biological, medical implants, surgical &
medical instruments.
North America and Europe to dominate global sterile medical packaging market in
region segmentation.
Europe and North America hold the largest share in the market due to regulatory
norms by FDA and government. Both regions are to dominate the sterile medical
packaging market during the forecast period. APAC and Latin America demonstrate
exuberant opportunistic potential during the forecasted period due rise in
pharmaceutical industry across the region. Rest of World is estimated to continue
growing at a steady pace.
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Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
FutureWise Takeaways
Growth prospects
SWOT analysis
Key trends
Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global sterile medical packaging
market on the basis of product type, material, sterilization method, application and
region
• To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and an overall market
• To predict the market size, in key regions (along with countries)—North America,
Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
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Sterilization plays an important role in the medical world. With new micro-organisms being recognised and prevailing infectious hazards as a result of environmental temperature fluctuations and rising pollution, regulatory norms and so on sterile medical packaging becomes even more vital.