Sterile Medical Packaging Market Size Worth US$ 68.9 Billion By 2028 | Industry CAGR of 7.49%

The latest report published by IMARC Group, titled "Sterile Medical Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on sterile medical packaging market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global sterile medical packaging market size reached US$ 44.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 68.9 Billion by 2028, exhibiting a growth rate (CAGR) of 7.49% during 2023-2028.

What are sterile medical packaging?

Sterile medical packaging, also called as aseptic packaging, encompasses the process of sterilizing and packaging medical devices to safeguard their contents against microbial contamination. Numerous packaging products, including sterile lids, wraps, guided wire hoops, dust covers, thermoformed trays, and clamshells, are commonly used. The purpose of sterile medical packaging is to protect instruments and pharmaceutical items from contamination and physical damage. These packaging materials are durable, tear-resistant, breathable, and possess excellent microbial barrier properties, ensuring the sterility and safety of the packaging. Consequently, this type of packaging finds widespread use in hospitals, pharmacies, and institutes.

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What are the growth prospects and trends in the sterile medical packaging industry?

The inflating focus on efficient packaging of medical products to maintain sterility and reduce contamination is among the key factors driving the sterile medical packaging market. Moreover, the escalating demand for single-use medical equipment to minimize the risk of transmitting diseases among patients and healthcare professionals is also stimulating the market growth. Besides this, the implementation of stringent regulations by several global organizations, such as the International Organization for Standardization (ISO), to ensure quality standards and product safety is acting as another significant growth-inducing factor. Furthermore, the growing number of surgical procedures that use catheters, pre-packaged medical equipment, and electrosurgical accessories is further propelling the global market. Apart from this, various advancements in the healthcare and pharmaceutical industries are also positively influencing the market growth. Additionally, the introduction of green and sustainable packaging materials that are eco-friendly, cost-effective, and enhance product shelf life is anticipated to fuel the sterile medical packaging market over the forecasted period.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• 3M Company
• Amcor plc
• Berry Global Inc.
• BillerudKorsnäs AB
• DuPont de Nemours Inc.
• Janco Inc.
• Nelipak Corporation
• Orchid Orthopedic Solutions LLC
• Placon Corporation
• Riverside Medical Packaging Company Ltd.
• Sonoco Products Company
• SteriPack Group Ltd
• Technipaq Inc.
• Wihuri International Oy

Sterile Medical Packaging Market Segmentation:

Our report has categorized the market based on region, type, material, sterilization method and end user.

Breakup by Type:
• Thermoform
• Trays
• Bottles
• Closures
• Inhalers
• Vials
• Ampules
• Wraps
• Others

Breakup by Material:
• Plastic
• Glass
• Metal
• Paperboard
• Paper

Breakup by Sterilization Method:
• Chemical Sterilization
• Radiation Sterilization
• Pressure/Temperature Sterilization

Breakup by End User:
• Hospitals and Clinics
• Ambulatory Surgical Centers
• Others

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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