The sterile packaging in the medical industry has gained momentum over the years. The growing demand for hygiene in order to avoid infections is likely to boost the expansion of the sterile medical packaging market in the foreseeable future. This report by Market Research Future (MRFR) suggests that the global sterile medical packaging market is expected to register a rapid growth rate over the review period 2016 to 2021.
Increasing demand for medical procedures, in conjunction with the growth of the healthcare sector, is projected to lead the proliferation of the sterile medical packaging market in the forthcoming years. Also, the mandates issued by the governments regulating the packaging and sterilization of equipment and devices are prognosticated to drive the growth of the market across the prognosis period. Increasing burden of chronic diseases is further expected to catapult the global market on upward trajectory.
The rising number of medical devices is anticipated to spur the growth of the sterile medical packaging market in the upcoming years. In addition, the key players are expected to innovate packaging solutions over the next couple of years. It is projected to have a positive impact on the expansion of the market in the nearby future.
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Competitive Dashboard:
Orchid Chemicals & Pharmaceuticals Ltd., MULTIVAC Sepp Haggenmüller SE & Co. KG, West Pharmaceutical Services, Inc., SteriPack Ltd., Oliver Tolas Healthcare Packaging, Selenium Medical, Riverside Medical Packaging Company Ltd., Wipak Walsrode GmbH & Co. KG, DuPont De Nemours and Company, Placon Corporation, Oracle Packaging, Inc., Bemis Company, Inc., Janco INC., and Amcor Limited are some of the major participants of the global sterile medical packaging market. The innovations being brought by key players in packaging solutions are likely to boost competition among the players of the market in the foreseeable future.
Industry News:
In October 2019, the U.K. based ULMA Packaging has announced the launch of an easy-to-open sterile flow pack for the medical sector.
In October 2019, Xtant Medical Holdings, Inc., based out of Montana, has announced the launch of its three new spinal implants in individual sterile packages.
In September 2019, WishBone Medical, a pediatric orthopedic company, has announced the launch of its growth control plating system, which is one of its kind. The product is offered as a single-use complete procedure kit in sterile packaging for the treatment of angular limb deformities in children.
Market Segmentation:
On the basis of type, the Sterile Medical Packaging Market has been segmented into Flexible pouches, Thermoform trays, Bottles, and others.
Based on material, the sterile medical packaging market has been segmented into plastic, metal, glass, and others.
The application-based segmental analysis of the sterile medical packaging market covers pharmaceuticals, surgical instruments, and others.
Based on the sterilization method, the sterile medical packaging market has been segmented into Radiation, Chemical, and others.
Regional Analysis:
The regional segmentation of the global sterile medical packaging market covers North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). These regions are then narrowed down to a country-level basis for a detailed analysis. Asia Pacific is likely to hold the leading position over the next few years. The rapid expansion of the healthcare sector in the region is poised to drive the sterile medical packaging market in the forthcoming years. In addition, rising awareness about healthcare risks is projected to catalyze the expansion of the market during the forecast period.
Europe is a steady market and is likely to play a developmental role in the proliferation of the sterile medical packaging market. The rising patient population in the region is anticipated to drive market growth over the assessment period. In addition, the RoW segment is also poised to exhibit rapid developments in the years to come.
Scope of Report
The report for Global Sterile Medical Packaging Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market.
Study Objectives of Global Sterile Medical Packaging Market
- To provide detailed analysis of the market structure along with forecast for the next 5 years of various segments and sub-segments of the global sterile medical packaging market
- To provide insights about factors affecting the market growth
- To analyze the global sterile medical packaging market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (RoW)
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by type, material, end use, sterilization methods, and region.
- To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global sterile medical packaging market
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