Press release
Emerging Opportunities in Sterile Medical Packaging Market with Current Trends Analysis
Download exclusive Sample of this report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=260
“Contracting with local companies helps manufacturers lower the operational cost,” the author of the study states. “Furthermore, packaging companies can benefit from better pricing by outsourcing sterile packaging.”
Some of the key strategies employed by players in the sterile medical packaging market are mergers and acquisitions, strengthening the distribution network, product expansion, and expanding into other geographical segments.
The opportunity in the global sterile medical packaging market is estimated to be worth US$26.5 bn by the end of 2016 and is projected to reach US$38.3 bn by 2024.
North America to Continue its Lead in Global Sterile Medical Packaging Market
The vials and ampoules segment is estimated to account for the leading share in the sterile medical packaging market in terms of value by 2016-end. “However, this product segment is expected to register a marginal decrease in market share by the end of the forecast period, with the pouches and bags segment likely to emerge as the dominant segment by 2024,” the lead analyst predicts. Nevertheless, the vials and ampoules segment will be one of the most attractive markets during the course of the forecast period.
Obtain Report Details @ https://www.transparencymarketresearch.com/sterile-medical-packaging-market.html
Plastics are expected to be the preferred material choice for vendors in the sterile medical packaging market. By application, the pharmaceuticals and biologics segment is estimated to account for 64% of the market by 2016-end. This is attributed to the growing demand for biologics across various therapeutic applications. Geographically, North America is expected to continue leading the sterile medical packaging market through 2024, accounting for over 36% by 2016-end. Latin America is projected to register a 6.7% CAGR from 2016 to 2024, emerging as one of the most lucrative markets for sterile medical packaging.
Surging Incidence of Chronic Diseases Driving Demand for Sterile Medical Packaging
Biologics has gained popularity in the recent past and has become the preferred choice for the treatment of chronic disorders such as diabetes and arthritis. However, the lead analyst at TMR finds that the manufacturing process is rather complex and requires a high degree of stability. “An increased level of expertise is needed to maintain and preserve biologics and this has led to the rising demand for innovative product packaging solutions among biologics manufacturers.”
The growing incidence of chronic diseases worldwide has emerged as a major concern among the global population. This rise is, in turn, driving the demand for medical drugs and devices, which creates a favorable environment for sterile medical packaging.
Although the transportation of drugs and devices packed in bags and pouches requires extreme care and specific requirements, this restraint has driven manufacturers to develop flexible and sustainable packaging to overcome the shortcomings of sterile medical packaging solutions.
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office Contact
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: https://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 Emerging Opportunities in Sterile Medical Packaging Market with Current Trends Analysis here
News-ID: 843890 • Views: …
More Releases from Transparency Market Research
Hydrolyzed Vegetable Protein Market to Reach US$ 5,110.8 Mn by 2035, Driven by R …
The global hydrolyzed vegetable protein (HVP) market was valued at US$ 2,343.6 Mn in 2024 and is projected to reach US$ 5,110.8 Mn by 2035, expanding at a CAGR of 7.3% from 2025 to 2035. Market growth is primarily driven by the rising global demand for plant-based proteins and the rapid expansion of the food processing and convenience foods sector.
Access key findings and insights from our Report in this sample…
Automotive ECU Market to Reach USD 158.9 Billion by 2036 as Vehicles Become More …
The Automotive Electronics Control Unit (ECU) Market has emerged as a pivotal component of the global automotive industry, driven by increasing electronics content in vehicles and the transition toward connected, autonomous, and electrified transportation. Automotive ECUs are critical electronic modules that control various subsystems within vehicles - from engine performance and safety to infotainment and powertrain optimization. As vehicles evolve from purely mechanical machines to sophisticated electronic platforms, demand for…
Automotive Thermal Management System Market Poised to Reach USD 173.8 Billion by …
The global automotive thermal management system market is entering a high-growth phase, fueled by the rapid electrification of vehicles, stricter emission norms, and rising expectations for vehicle safety, comfort, and efficiency. Valued at US$ 82.6 billion in 2025, the market is projected to nearly double and reach US$ 173.8 billion by 2036, expanding at a robust CAGR of 6.8% from 2026 to 2036.
Thermal management has become a mission-critical function in…
Thermal-Management Exterior Coatings for High-Altitude Aircraft Market to be Wor …
The global Thermal-Management Exterior Coatings for High-Altitude Aircraft Market was valued at US$ 1.8 Bn in 2025 and is projected to reach US$ 9.8 Bn by 2036, expanding at a robust CAGR of 17.5% during the forecast period from 2026 to 2036.
Review critical insights and findings from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=86920
This strong growth trajectory reflects the rising importance of advanced exterior coating technologies that ensure aircraft performance, safety,…
More Releases for Packaging
Personalized Packaging Market 2019 By Key Players: Owens Illinois, Salazar Packa …
Personalized Packaging Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.
Download PDF Sample of this Report @
http://www.supplydemandmarketresearch.com/home/contact/277379?ref=Sample-and-Brochure&toccode=SDMRCH277379&utm_source=S2
The following manufacturers are covered:
Owens Illinois
Salazar Packaging
Design Packaging
PrimeLine Packaging
International Packaging
Elegant Packaging
Pak Factory
ABOX Packaging
ACG Ecopak
CB Group
SoOPAK Company
Huhtamaki…
E-Commerce Packaging Market by Top Key Players - Pioneer Packaging, Arihant pack …
E-commerce packaging involves the use of materials for safe packaging of products sold by the e-commerce industry. E-commerce packaging plays a vital role in the consumers' perception about the e-retailer. It also indicates the perceived value of the item received. Packaging reflects the value of shipment in the e-commerce supply chain, that is, better the packaging, better the product inside it.
Get Sample Copy of this Report @ https://www.bigmarketresearch.com/request-sample/2904563
The E-Commerce…
Luxury Packaging Market 2019 SWOT Analysis By Top Key Players; MW Luxury Packagi …
Luxury Packaging Market report provides an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, gross and gross margin. The company profiles of all the key players and brands that are dominating the Luxury Packaging Market with moves like product launches, joint ventures, merges and accusations which in turn is affecting the sales, import, export, revenue and CAGR values are mentioned…
Global Luxury Packaging Market 2019 Top Key Players: MW Luxury Packaging, Progre …
Summary
WiseGuyReports.com adds “Luxury Packaging Market 2019 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2024” reports to its database.
This report provides in depth study of “Luxury Packaging Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Luxury Packaging Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as…
Top Manufacturer in Luxury Packaging Market 2019: MW Luxury Packaging, Progress …
Luxury packaging is used for packaging and decorating high-end products.An increase in the luxury product consumption rate and the number of product launches in the fashion and cosmetic sectors are some major factors driving the market growth.
The global Luxury Packaging market is valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025. The objectives…
Personalized Packaging Market 2025 | Design Packaging, Inc., PrimeLine Packaging …
As per the new market report published by Research Report Insights titled ‘Personalized Packaging Market’: Global Industry Analysis and Forecast 2017-2025’, global personalized packaging market attained a value worth US$ 25,577.9 Mn in 2017 and will possibly thrive at a promising CAGR of 5.1% over the forecast period (2017-2025). The global personalized packaging market has witnessed solid growth during the past few decades, owing to the increasing trend of luxury…
