Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the Global Sterilization Medical Packaging Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 9.9% during the review period (2022 to 2027).
Sterilization is an vital processing step achieved in the healthcare industry. Hence, the usage of sterile packaging products or sterile barrier systems has gained significant importance in this industry. Sterile medical packaging is a non-reusable packaging material that acts as a barrier against microbial transmission. Most of these packaging, such as wraps, pouches, and containers, are designed to prevent medical crops from the external environment and unintended transmission of infections. Also, these sterile barrier systems maintain product sterility from the point of packaging and sterilization until the time of use. They offer beneficial properties such as tear resistance, durability, breathability, and a superior microbial barrier to keep the pharmaceuticals and medical tackle sterile throughout their lifecycle. These possessions would surge the request for such packaging in various applications reaching from in-vitro diagnostic products to surgical & medical instruments.
The rising demand for sterile and sterile surgical equipment, technical progressions in medical packaging solutions, rising shipments of medical products, and upgraded safety standards for medical packaging are the other vital parameters projected to spur the global market growth.
The Global Sterilization Medical Packaging Market includes identification and analysis of the various market participants competing in the global market. Prime competitors include Amcor Limited, Dupont De Nemours, Inc., 3M Company, West Pharmaceutical Services, Inc., Sonoco Products Company, Steripack Ltd., Wipak Group, Placon Corporation, Riverside Medical Packaging Company Ltd., Oracle Packaging, Inc., Nelipak Healthcare Packaging Limited, Oliver Healthcare Packaging Company, Orchid Orthopedic Solutions, Technipaq Inc., Multivac Sepp Haggenmuller SE & Co. KG, Janco Inc., Eagle Flexible Packaging, Berry Global Inc., Proampac LLC., Selenium Medical SAS
Orchid Signs Agreement with GE to Enable Large Joint Scaleable 3D Printing
May 17, 2022: Orchid Orthopedic Solutions (Orchid) – a global leader in the manufacture of orthopedic implants and instruments announced they have signed a definitive agreement to continue driving the adoption of additive manufacturing to their suite of technologies through the development of electron beam melting (EBM) solutions in the medical implants sector.
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Application, it is segmented into
The sterile medical packaging market size in North America stood at USD 14.15 billion in 2021. Based on the region, the market is branded into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. North America holds the largest share in the market. The U.S. is the most important contributor to this region. The growth in this region is attributed to the rising pharmacological industry and cumulative consumer health care spending. The rising number of patients, owing to the rapidly spreading contagious diseases such as coronavirus, has led to the growth of the pharmaceutical industry. These factors will fuel the demand for such packaging in this region.
The Sterilization Medical Packaging Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Sterilization Medical Packaging Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2028 CAGR | CAGR of 9.9% during the review period (2022 to 2027). |
By Types |
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By Application |
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By Companies | Amcor Limited, Dupont De Nemours, Inc., 3M Company, West Pharmaceutical Services |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 164 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Global Sterilization Medical Packaging Market is studied from 2022-2027.
Who are the prime players in the Global Sterilization Medical Packaging Market?
Amcor Limited, Dupont De Nemours, Inc., 3M Company, West Pharmaceutical Services
Which region held the largest share in the Global Sterilization Medical Packaging Market?
United States, Europe, China, Japan, Southeast Asia, India and Rest of World
What are the significant Types of Global Sterilization Medical Packaging Market?
Thermoform trays, Sterile bottles & containers, Vials & ampoules, Pre-fillable inhalers, Sterile closures, Pre-filled syringes, Blister & clamshells, Bags & pouches, Wraps, Others
What are the major Application of Global Sterilization Medical Packaging Market?
Pharmaceutical & biological, Surgical & medical instruments, Invitro diagnostic products, Medical implants, Others
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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