Sterile Medical Packaging Market Incredible Possibilities, Growth Analysis and Forecast To 2026

Global sales of sterile medical packaging was valued at US$ 8,416.2 Mn in 2017 and is projected to expand at a CAGR of 4.7% during the forecast period. One of the major factors propelling the demand for sterile medical packaging is due to growing demand of medical devices in the healthcare industry. Sterile medical packaging has various product types including thermoformed trays, clamshell, IV containers & bags, sterile lid, pouches, die-cut baker cards, guided wire hoops, sterile wraps and others (including sterilization tapes, dust covers, gusseted packaging). Among the material type, plastic segment is expected to dominate in terms of market share, and is estimated to account for more than 50% of total market share in the global sterile medical packaging market during the forecast period.

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The growth of sterile medical packaging market is increasing with increase preference for contamination free medical products, as uneven and unhygienic packaging may to lead to fatal consequences. Sterile medical packaging provide better protection against microorganisms and thus, fulfil consumers' demand for safe and sterilized packaging for the medical products and supplies.

Also, growing regulatory compliances for packaging of sterilized medical devices and ageing population are some key drivers for the growth of sterile medical packaging during the forecast period.

Manufacturers of sterile medical packaging are focusing on development of sterile medical packaging with robust design as per the ISO 11607 standards. Also, sterile medical packaging also enhances the shelf life of products which is a major factor for end users and thus, the demand for sterile medical packaging is expected to increase considerably during the forecast period.

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By material type, the global sterile medical packaging market has been segmented into plastic, paper, foil, non-woven and foam sheets. The non-woven segment is projected to expand with a CAGR of 5.5% during the forecast period.

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