Press release
Sterile Medical Packaging Market - Explores New Growth Opportunities By 2024
The sterile medical packaging market has witnessed impressive growth over the last few years owing to the significant increase in the demand for pharmaceutical and biologics products. Sterile medical packaging finds extensive usage in the packaging of medical equipment, medical supplies, and pharmaceutical and biological products due to its high performance and anti-contaminant properties. The global sterile medical packaging market is estimated to expand at a steady CAGR of 4.7% during the forecast period, amounting to US$38.3 bn by 2024.
Browse Market Research Report @ http://www.transparencymarketresearch.com/sterile-medical-packaging-market.html
The wide availability of new products in the field of biologics and biopharmaceuticals, coupled with specific requirements of patients for better compliance, is driving the market for sterile medical packaging worldwide. Likewise, the mounting demand for sterilization in reference to healthcare and personal care products has driven the need for sterile medical packaging.
Rising Application of Sterile Medical Packaging in Pharmaceuticals and Biologics
The global sterile medical packaging market is segmented on the basis of product type, material type, and application.
Vials and ampoules emerged as the leading product segment due to their wide application in multiple pharmaceutical industries throughout the forecast period. This segment is anticipated to account for 37% of the overall sterile medical packaging market by the end of 2016. However, the segment is anticipated to witness a marginal decrease in market share by the end of the forecast period. The pouches and bags segment, on the other hand, will lead the sterile medical packaging market by 2024.
For more information on this report, fill the form @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=260
The plastics segment is estimated to account for the leading value share of 51.6% in the sterile medical packaging market by 2016-end based on type of material. This segment is expected to register healthy Y-o-Y growth during the forecast period, along with the glass segment. The non-woven segment is expected to register a healthy growth rate till 2019; however, it is expected to lose traction in the later phase of the forecast period.
Based on end use, the pharmaceutical and biologics packaging segment stands out among all other segments owing to the rising demand for packaged medical products. While the medical supplies segment is forecast to lose market share through 2024, the segment of medical equipment is expected to witness a steady growth in demand for sterile medical packaging.
Sterile Medical Packaging to Gain Traction in Europe despite Sluggish Growth
On the basis of geography, the global sterile medical packaging market has been segmented into Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa. North America, though a developed market with multiple players, is expected to gain momentum in the later phase of the forecast period thanks to future investments in the manufacturing and healthcare sector. The mature market of Europe, on the other hand, is anticipated to witness sluggish growth throughout the forecast period. However, late adoption of medical packaging in several countries such as Poland, Turkey, and Romania offers significant growth prospects for the sterile medical packaging market in the region. The Latin America and MEA markets for sterile medical packaging are expected to register steady growth through the course of the forecast period.
About TMR
TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Contact TMR
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Sterile Medical Packaging Market - Explores New Growth Opportunities By 2024 here
News-ID: 535478 • Views: …
More Releases from TMR - Packaging
Strapping Machine Market - Global Industry Analysis and Forecast | 2024
Packaging has become a very important parameter to attract customers. Companies today are spending huge amount on packaging apart from the product itself, because even if the product is a quality product but is not packaged properly, it might be unattractive for the consumer. Similarly, a strapping machine is a vital component for the packaging industry as these machines are used to place a band or strap around the packages…
Staple Gun Market - Key Growth Factors and Industry Analysis 2024
Today, packaging has become a vital part of a product’s lifecycle predominantly because packaging protects and preserves a product from any type of harm such as leakage, contamination, damage, etc. during the course of transit, consumption, and storage. Achieving highest degree of product safety at every stage of product lifecycle is now considered to be one of the major concerns of sensitive products manufactures. Moreover, sensitive products require rigid…
Rigid Bulk Packaging Market - Industrial applications witness fastest growth up …
Packaging has become a vital part of any product’s lifecycle predominantly because the packaging protects and preserves a product from any kind of harm such as leakage, contamination, damage, etc. during the course of transit, consumption and storage. Achieving highest degree of product safety at every stage of product lifecycle is considered to be one of the major concerns of sensitive products manufactures. Moreover, sensitive products require rigid packaging.…
Printed Cartons Market - Global Industry Analysis, Size, Share, Growth, Trends 2 …
Over the last few years, product packaging emerged as a critical factor in customer’s decision making process, as customers with their preference of choices directly communicates with the brand. Packaging is not only used for protecting the product but also aids to enhance the brand visibility, which in turn escalates brand value. Cartons are considered one of the essential packaging solution available to brand owners and product manufacturers. Manufacturers on…
More Releases for Sterile
Evolving Market Trends In The Sterile Endotracheal Tube Industry: Advancements I …
The Sterile Endotracheal Tube Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Sterile Endotracheal Tube Market Size During the Forecast Period?
The sterile endotracheal tube market size will grow from $2.14 billion in 2024 to $2.29 billion in 2025 at a compound…
Key Trend Reshaping the Sterile Tubing Welder Market in 2025: Innovative Connect …
What industry-specific factors are fueling the growth of the sterile tubing welder market?
The expanding biologics pipeline is anticipated to propel the growth of the sterile tubing welder market. Biologics are medicines derived from living organisms or their components, such as vaccines and gene therapies. The growth of biologics is driven by advances in biotechnology and a better understanding of diseases. Sterile tubing welders are used to form biologics, ensuring safe…
India's First Robotic 10-Head PFS Filling Machine: Revolutionizing Sterile Pharm …
HMPL Sterile is thrilled to announce the launch of India's first robotic 10-head Pre-Filled Syringe (PFS) filling and closing machine. This cutting-edge innovation is set to transform the landscape of sterile pharmaceutical packaging by offering unmatched precision, efficiency, and compliance with global standards. Engineered to meet the stringent requirements of regulatory bodies like the USFDA and EU GMP, this machine is a game-changer for pharmaceutical manufacturers seeking advanced solutions.
A Breakthrough…
Sterile Syringes Market Size 2024 to 2031.
Market Overview and Report Coverage
A sterile syringe is a medical device used to administer medication or draw fluids from the body in a sterile manner. The global sterile syringes market is expected to grow at a CAGR of 5.60% during the forecasted period.
The market for sterile syringes is expected to witness significant growth due to the increasing prevalence of chronic diseases that require regular injections, such as…
Sterile Environment: Unveiling the Medical Simple Sterile Room | Inertec, HEMCO, …
Medical Simple Sterile Room Market 2023 Forecast: Unveiling Opportunities and Growth
Medical Simple Sterile Room market report presents an overview of the market on the basis of key parameters such as market size, revenue, sales analysis and key drivers. The market size of global Medical Simple Sterile Room market is anticipated to grow at large scale over the forecast period (2023-2029). The main purpose of the study report is to give…
Disposable Sterile Surgical Kit Market: Increasing Emphasis on Infection Prevent …
Global Disposable Sterile Surgical Kit Market Overview:
The Disposable Sterile Surgical Kit market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the Disposable Sterile Surgical Kit market has experienced significant growth, driven by factors such as increasing consumer demand, technological advancements, and…
