The global sterile medical packaging market size is expected to grow from USD 37.1 billion in 2020 to a staggering USD 76.1 billion in 2028, demonstrating a CAGR of 9.7% throughout the forecast period. The growth of the global market is primarily accredited to the surging prevalence of acute and chronic disorders, increasing incidences of contagious diseases, enhanced safety standards for medical packaging, and technological enhancements in medical packaging techniques. Sterilization plays a vital role in medical packaging as it offers a strong barrier against bacterial or microbial transmission. Hence, non-reusability and a robust microbial barrier make sterile medical packaging the safest and most effective form of medical packaging. This type of packaging safeguards the packed medical or pharmaceutical product from heat, moisture, and extreme environmental conditions. Sterile medical packaging is made of materials such as plastic (including LDPE, HDPE, PVC, etc.), metal, glass, and paper paperboard. Moreover, the most prominent characteristics of sterile medical packaging are enhanced durability, robust tear resistance, extended shelf life, and microbial barrier.
The well-established companies involved in the global sterile medical packaging market include Amcor Plc, DuPont, Sonoco, ProAmpac, Tekni-Plex, Techinipaq Inc., Steripack Ltd., Wipak Group, Nelipak Healthcare, GS Medical Packaging, and Oliver Healthcare Packaging.
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The global sterile medical packaging market growth is further propelled by the higher susceptibility of infants and the elderly population to infectious diseases, rapidly increasing rate of outpatient visits and hospital admissions, growing number of surgical procedures, and the soaring demand for sterile and disinfected medical equipment. The expanding transportation logistics sector and rising shipments of pharmaceutical products create plenty of opportunities for the growth of the global sterile medical packaging market. However, the market growth is hampered by the rigid norms set by regulatory bodies like the U.S. FDA regarding sterile medical packaging.
For the purpose of this report, the global sterile medical packaging market has been segmented based on type, material, application, sterilization method, and region:
By Type (Revenue, USD Billion; 2018-2028)
- Sterile bottles
- Sterile closures
- Thermoform trays
- Vials ampoules
- Pre-filled syringes
- Pre-fillable inhalers
- Bags pouches
- Blister clamshells
- Wraps
- Others
By Material (Revenue, USD Billion; 2018-2028)
- Plastic
- Polyvinyl Chloride (PVC)
- High Density Polyethylene (HDPE)
- Low Density Polyethylene (LDPE)
- Polypropylene
- Metal
- Stainless steel
- Aluminum foil
- Glass
- Paper paperboard
- Others
By Application (Revenue, USD Billion; 2018-2028)
- Surgical medical equipment
- Pharmaceutical biological
- In vitro diagnostic products
- Medical implants
- Others
By Sterilization Method (Revenue, USD Billion; 2018-2028)
- Chemical Sterilization
- Radiation Sterilization
By Region (Revenue, USD Billion; 2018-2028)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
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Key Questions Answered by the Report:
- What are the key revenue growth driving factors of the Sterile Medical Packaging market over the forecast period?
- Which are the prominent companies in the global Sterile Medical Packaging market?
- What are the technological advancements and product developments taking place in the Sterile Medical Packaging market?
- Which region is expected to account for largest revenue share in the global market over the forecast period?
- What are the key outcomes of the SWOT analysis and Porter’s Five Forces analysis?
- What are the key factors expected to restrain market growth over the forecast period?
- What will the market size and growth rate for the Sterile Medical Packaging market be during the forecast period?
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