Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Packaging is an important part of product manufacturing and ensures the safety of product. Medical devices are involved in many different aspects of healthcare. As such, devices, their manufacturing processes, and the packaging that contains and protects them are extremely disparate. Application, performance, and selection of proper sterilization packaging systems are the important factors for maintaining sterility of the packaged contents until the package is open for use and enabling removal of contents without contamination.
The sterile medical packaging market has shown sustainable growth owing to increasing application of sterile packaging in the pharmaceutical & biological sector, aging population, and rising chronic diseases. Moreover, factors such as increased spending capacity and growing healthcare awareness among consumers are also expected to boost the growth of the global sterile medical packaging market. However, maintaining medical packaging integrity can act as a challenge to the growth of the sterile medical packaging market.
The report analyses the sterile medical packaging market based on material, type, application, sterilization method and geography.
Based on material, the market is segmented into plastics, glass materials, paper & paperboard, foil, stainless steel and others. Others include metals, aluminium foil. Among all major materials, the plastic segment dominated the market in 2018. Hospitals and other medical institutions rely on devices and pharmaceuticals to maintain the health of patients and all these products must have highly sterile packaging. All packaging must be safe and clean for use, but in the medical and pharmaceutical industries, this is especially important. Items like syringes, as well as containers for medication, must be processed in facilities that are free of harmful particulate matter to create designs that meet packaging validations and produce a barrier from harmful bacteria.
Various sterilization packaging types are available in the market such as thermoform trays, bags & pouches, sterile bottles & containers, vials & ampoules, pre-fillable inhalers, sterile closures, pre-filled syringes, blister & clamshells and others. Others include containers and wraps. The bags and pouches segment accounted for the largest share of the global sterile medical packaging market. The largest share of the bags and pouches segment is primarily attributed to increasing demand and convenience of use for various application.
Based on application, this sterile medical packaging market is classified into pharmaceuticals & biologicals, surgical & medical instruments, In vitro diagnostic products, surgical appliances & supplies and other. Pharmaceuticals & 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. Moreover, the demand for sterile medical packaging is high in the pharmaceutical & biological segment.
The sterile medical packaging market if bifurcated into chemical sterilization, radiation sterilization and high temperature/ pressure sterilization. The chemical sterilization method dominated the market in 2018. Chemical methods used for sterilization include ethylene oxide, hydrogen peroxide, and others such as chlorine dioxide. Moreover, the radiation sterilization segment is anticipated to grow at a fastest rate over the forecast period.
Geographically, the global sterile medical packaging market is categorized into North America, Europe, Asia Pacific and Rest of the World. Rest of the world comprises of Latin America and Middle East & Africa. In 2018, North America held the largest market share of the global sterile medical packaging market owing to various regulations imposed by the FDA, which in turn is fuelling demand for sustainable and quality products in the region. Americas is followed by Europe and Asia Pacific. Increased spending capacity coupled with growing healthcare awareness, is expected to create new opportunities for players operating in the sterile medical packaging market in the Asia Pacific region.
Key players of the global sterile medical packaging market are E.I. Du Pont De Nemours and Company, Bemis Company, Inc, West Pharmaceutical Services, Inc, Steripack Ltd, Wipak Group, Placon Corporation (Barger), Riverside Medical Packaging Company Ltd, Oracle Packaging, Inc, Amcor Limited, ProAmpac LLC, Nelipak Healthcare Packaging, Deufol Group, Sonoco Plastics Company, Heritage Pioneer Corporate Group, GY Packaging, Sabre Medical, UFP Technologies, Inc, Oliver Healthcare Packaging, LLC, Bemis Company, Inc and BillerudKorsnas AB. Research & development and new product launches are the key strategies adopted by the players to reinforce their position in the global market.
The report analyses the sterile medical packaging market based on material, type, application, sterilization method and geography. Based on material, the market is segmented into plastics, glass materials, paper & paperboard, foil, stainless steel and others. Various sterilization packaging types are available in the market such as thermoform trays, bags & pouches, sterile bottles & containers, vials & ampoules, pre-fillable inhalers, sterile closures, pre-filled syringes, blister & clamshells and others. Based on application, this sterile medical packaging market is classified into pharmaceuticals & biologicals, surgical & medical instruments, in vitro diagnostic products, surgical appliances & supplies and other. Based on sterilization method the report is divided into, chemical sterilization, radiation sterilization and high temperature/ pressure sterilization.
Geographically, the global sterile medical packaging market is categorized into North America, Europe, Asia Pacific and Rest of the World. Rest of the world comprises of Latin America and Middle East & Africa. In 2018, North America held the largest market share of the global sterile medical packaging market owing to various regulations imposed by the FDA, which in turn is fuelling demand for sustainable and quality products in the region.
Key players of the global sterile medical packaging market are E.I. Du Pont De Nemours and Company, Bemis Company, Inc, West Pharmaceutical Services, Inc, Steripack Ltd, Wipak Group, Placon Corporation (Barger), Riverside Medical Packaging Company Ltd, Oracle Packaging, Inc, Amcor Limited, ProAmpac LLC, Nelipak Healthcare Packaging, Deufol Group, Sonoco Plastics Company, Heritage Pioneer Corporate Group, GY Packaging, Sabre Medical, UFP Technologies, Inc, Oliver Healthcare Packaging, LLC, Bemis Company, Inc and BillerudKorsnas AB. Research & development and new product launches are the key strategies adopted by the players to reinforce their position in the global market.
Why to buy this report:
