Global Sterile Medical Packaging Market Outlook, Opportunities And Strategies
Learn about the global sterile medical packaging market through The Business Research Company, which provides information on sterile medical packaging market size, sterile medical packaging market drivers and restraints, sterile medical packaging market players, the COVID-19 impact on the sterile medical packaging market, and more.
The global sterile medical packaging market is expected to grow from $34.26 billion in 2020 to $38.61 billion in 2021 at a compound annual growth rate (CAGR) of 12.72%. The growth is mainly due to the outbreak of COVID-19 that increased demand for the companies that cater medical equipment to treat the affected patients. The market is expected to reach $54.44 billion in 2025 at a CAGR of 8.97%.
Increased prevalence of infectious diseases and viruses are expected to drive innovation in sterile medical packaging, thus driving the market during the forecast period.
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The sterile medical packaging market consists of sales of non-reusable sterile medical packaging utilized for the protection of medical products used in the healthcare industry against microbial contamination. This packaging is intended to protect the sterility from the point of packaging, until the time of use. Only goods and services traded between entities or sold to end consumers are included.
Global sterile medical packaging market segments include:
By Material: Plastics, Glass, Metal, Paper & Paperboard, Others
By Type: Thermoform Trays, Sterile Bottles & Containers, Sterile Closures, Pre-Fillable Inhalers, Pre-Fillable Syringes, Vials & Ampoules, Blister & Clamshells, Bags & Pouches, Wraps, Others
By Application: Pharmaceutical & Biological, Surgical & Medical Instruments, In-Vitro Diagnostic Products, Medical Implants, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the sterile medical packaging market in 2020.
Environmental friendly packaging is an emerging trend in the sterile medical packaging market. Concerned about growing waste, and plastic pollution of the oceans, medical products manufacturing companies are adopting future sustainable business practices and showing interest towards utilization of packaging materials that are renewable and recyclable. Several pharmaceutical companies are switching to environmental friendly sterile packaging to meet their sustainability goals.
TBRC’s sterile medical packaging market report covers:
Major Market Players: 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, and Janco INC.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Sterile Medical Packaging Global Market Report 2021: COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides sterile medical packaging market overviews, analyzes and forecasts market size, share, sterile medical packaging market players, sterile medical packaging market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s sterile medical packaging market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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