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Sterile Medical Packaging Market Future Trends, Opportunities, Growth Analysis, Prominent Players, Business Outlook And Forecast 2032 - Amcor Limited, DuPont De Nemours and Company, 3M Company, West Pharmaceutical Services, Inc
Sterile Medical Packaging Market
Sterile Medical Packaging Market Size, Growth Rate, And Forecast
The global sterile medical packaging market size grew from $43.03 billion in 2022 to $47.43 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The sterile medical packaging market size is expected to grow to $69.15 billion in 2027 at a CAGR of 9.9%.
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Sterile Medical Packaging Market Drivers
The increased prevalence of infectious diseases and viruses has led to an increase in demand for sterile medical packaging to prevent any contamination, which is expected to contribute to the growth of the market. Infectious diseases are caused by infectious agents and can be passed from one person or animal to another. According to the WHO, in April 2021, globally, 150 million COVID-19 confirmed cases were reported, and 3.1 million deaths. The increased number of cases of infectious diseases has increased the demand for the sterile medical packaging market.
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Sterile Medical Packaging Market Segments
• By Material: Plastics, Glass, Metal, Paper & Paperboard, Other Materials
• By Type: Thermoform Trays, Sterile Bottles & Containers, Sterile Closures, Pre-Fillable Inhalers, Pre-Fillable Syringes, Vials & Ampoules, Blister & Clamshells, Bags & Pouches, Wraps, Other Types
• By Application: Pharmaceutical & Biological, Surgical & Medical Instruments, In-Vitro Diagnostic Products, Medical Implants, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the sterile medical packaging market.
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Sterile Medical Packaging Market Key Players
Major competitors in the sterile medical packaging market include Amcor Limited, DuPont De Nemours and Company, 3M Company, West Pharmaceutical Services, Inc., Oliver Healthcare Packaging LLC, Placon Corporation, Oracle Packaging, Riverside Medical Packaging Company Ltd.
The Business Research Company's "Global Sterile Medical Packaging Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Sterile Medical Packaging Market Include:
1. Executive Summary
2. Sterile Medical Packaging Market Characteristics
3. Sterile Medical Packaging Market Trends And Strategies
4. Sterile Medical Packaging Market - Macro Economic Scenario
5. Sterile Medical Packaging Market Size And Growth
………………
27. Sterile Medical Packaging Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Sterile Medical Packaging Market
29. Sterile Medical Packaging Market Future Outlook And Potential Analysis
30. Appendix
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