Sterile Medical Packaging Market Overview:
The Sterile Medical Packaging Market size is expected to witness significant gains owing to business expansion and introduction of various technologies in the market. Increasing its usage in Materials & Packaging industries should drive Sterile Medical Packaging market size. 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.
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.
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Major Market Players covered in the Market are:
DuPont, Bemis Company, Inc., DWK Life Sciences, Nelipak Corporation, puracon GmbH, BillerudKorsnäs, ProAmpac, Deufol SE, Abbott, Oliver, Heritage Paper, Ahlstrom-Munksjö, Unicep, GY Packaging, James Alexander Corporation, Sonoco Products Company, BD, ESCO Technologies inc., Ethox Chemicals, LLC., Gerresheimer AG, Klöckner Pentaplast, Pfizer Inc., GS Medical Packaging Inc., Westfield Medical Ltd, West Pharmaceutical Services, Inc., Wipak, Sabre Medical, UFP Technologies, Inc., Amcor Limited, 3M, Placon, Riverside Medical Packaging Company Ltd and Tekni-Plex Inc
By Product Type (Thermoformed Trays, Sterile 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, Radiation Sterilization, High Temperature/Pressure Sterilization),
By Material Type (Plastics, Paper, Foil, Non-Woven, Foam Sheets, Glass, Metals),
By Application (Medical Disposable Supplies, Medical Equipment),
Based on regions, the Sterile Medical Packaging Market is classified into North America, Europe, Asia- Pacific, Middle East & Africa, and Latin America
Middle East and Africa (GCC Countries and Egypt)
North America (United States, Mexico, and Canada)
South America (Brazil, Argentina etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
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- 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
- 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
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
Highlights of TOC:
Overview: In addition to an overview of the Sterile Medical Packaging Market, this section provides an overview of the report to give an idea of the type and content of the study.
Market dynamics: Here the authors of the report discussed in detail the main drivers, restrictions, challenges, trends and opportunities in the market.
Product Segments: This part of the report shows the growth of the market for various types of products sold by the largest companies.
Application segments: The analysts who have authored the report have thoroughly evaluated the market potential of the key applications and identified the future opportunities they should create in the Sterile Medical Packaging.
Geographic Segments: Each regional market is carefully examined to understand its current and future growth scenarios.
Company Profiles: The top players in the Sterile Medical Packaging market are detailed in the report based on their market share, served market, products, applications, regional growth and other factors.
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Dan Carter was a reporter for nomad Labs, before becoming the lead editor. Dan has over forty bylines and has reported on countless stories concerning all things related to tech and science. Dan studied at CSUF.