The global sterile medical packaging market is expected to witness significant growth over the forecast period. Packaging is an essential and internal part of product manufacturing. It ensures products' safety and effortless transportation of products. Choosing the most proper sterilization packaging in the healthcare sector is a daring task of the healthcare product manufacturers including pharmaceuticals as well as medical devices.
Different sterilization packaging types such as pouches, wraps, and container systems are available in the market in different sizes and specifications for the purpose of sterilizing and packaging medical devices and the other instruments.
Factors such as application, performance, and selection of proper sterilization packaging systems are very important for the prosecution of sterilization of the packaged content, maintaining sterility of the packaged contents until the package is open for use, and enabling withdrawal of contents without infection.
Increase in population and their health requirements, increase in prevalence diseases, continual attempts of consumers, manufacturers, and governments to increase the level of infection control, and increasing favorable healthcare policies are the major factors driving the growth of the global sterile medical packaging market globally.
The factors such as increased utilization capacity and growing healthcare awareness among consumers are also expected to boost the growth of the global market. Due to this, the market is expected to grow high during the forecast period of 2014-2025.
Biologics has obtained popularity in the recent past and has become the prompt choice for the treatment of chronic disorders such as diabetes and arthritis. Also, the manufacturing process is rather complex and requires a high degree of stability. An increased high level of proficiency 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.
Sterile medical packaging market is segmented By Material into plastics, polypropylene, polyester, polystyrene, polycarbonate, PVC, HDPE, others, glass, metal, aluminum foil, stainless steel, paper & paperboard. The global market By Type is segmented into Thermoform trays, sterile bottles & containers, vials & ampoules, pre-fillable inhalers, sterile closures, pre-filled syringes, blister & clamshells, bags & pouches, wraps. The global market By Application is segmented into pharmaceutical & biological, surgical & medical instruments, in-vitro diagnostic products, medical implants.
The global market, By sterilization method is segmented into chemical sterilization, ethylene oxide (Eto), hydrogen peroxide, others, radiation sterilization, gamma radiation, E-beam, others, high temperature/ pressure sterilization, steam autoclave, dry heat.
The global market By geographical region is segmented into North America, Europe, AsiaPacific, RoW.
The growing market of Europe, on the other hand, is anticipated to witness slow 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’s and MEA’s markets for sterile medical packaging are expected to register steady growth through the forecast period of 2014-2025. The key players include Amcor Limited, Placon, Dupont, Steripack, Wipak Group, 3M medical Packaging, Nelipak Healthcare, Oracle Packaging, Sonoco Plastics Europe, Billerkornas AB, and Ampac Group.
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With Covid-19 infections rising globally, the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widens. In addition, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who may require critical care. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of test-kits (antibody tests, self-administered, and others). The report will account for Covid19 as a key market contributor.