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Sterile Medical Packaging Market 2024 - By Size, Share Analysis, Future Insights, Current Trends And Global Growth Outlook By 2033
Sterile Medical Packaging Market
Sterile Medical Packaging Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $82.22 billion In 2028 At A CAGR Of 11.7% :
The sterile medical packaging market size has grown rapidly in recent years. It will grow from $47.82 billion in 2023 to $52.81 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to medical device industry growth, rising healthcare expenditure, infection control measures, evolving sterilization techniques, growing awareness of infection control..
The sterile medical packaging market size is expected to see rapid growth in the next few years. It will grow to $82.22 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to biologics and biopharmaceuticals, aging population, pharmaceutical serialization, customization and sustainability, e-commerce in healthcare.. Major trends in the forecast period include advanced barrier materials, rfid and track-and-trace, e-commerce packaging, child-resistant packaging, tamper-evident packaging..
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Sterile Medical Packaging Market Major Segments
The sterile medical packaging market covered in this report is segmented -
1) By Material: Plastics, Glass, Metal, Paper & Paperboard, Other Materials
2) By Type: Thermoform Trays, Sterile Bottles & Containers, Sterile Closures, Pre-Fillable Inhalers, Pre-Fillable Syringes, Vials & Ampoules, Blister & Clamshells, Bags & Pouches, Wraps, Other Types
3) By Application: Pharmaceutical & Biological, Surgical & Medical Instruments, In-Vitro Diagnostic Products, Medical Implants, Other Applications
Key Driver - Rising Infectious Disease Threats Drive Demand For Sterile Medical Packaging
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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Prominent Trend - Innovative Sustainable Solutions
Major companies operating in the sterile medical packaging market are developing sustainable solutions to meet the growing demand for sterile medical packaging. Sustainable solutions in sterile medical packaging involve materials and practices that minimize waste and reduce the environmental impact while maintaining product integrity and patient safety. For instance, in April 2021 Amcor PLC, an Australia-based packaging company, announced the launch of AmSky blister system. It is a thermoform blister packaging system based on recyclable polyethylene, which replaces PVC and foil in the packaging process using a polyethylene (PE) thermoformed blister and lidding film..
Sterile Medical Packaging Market Players
Major companies operating 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., Wipak Group., Steripack Ltd., BillerudKorsnäs, Techinipaq Inc., GS Medical Packaging Inc., Sonoco Products Company, Nelipak Healthcare Packaging, Januaryco Inc., Berry Global Inc., Gerresheimer AG, Schott AG, Sealed Air Corporation, Bemis Company Inc., Mitsubishi Chemical Holdings Corporation, UFP Technologies Inc., Huhtamaki Oyj, Klockner Pentaplast Group, Pregis LLC, Prent Corporation, Printpack Inc., Beacon Converters Inc., Perfecseal Inc., GVS Group, Vanrx Pharmasystems Inc., ProAmpac LLC, Tekni-Plex Inc., Constantia Flexibles Group GmbH, Nelipak Corporation
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Largest And Fastest Growing Region In The Market
North America was the largest region in the sterile medical packaging market share in 2023. The regions covered in the sterile medical packaging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Sterile Medical Packaging Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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