Sterile Medical Packaging Market to be dominated by Plastic Sterile Medical Packaging segment through 2027
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.
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“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.
“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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