The Sterile Medical Packaging Market: Overview
The Sterile Medical Packaging Market is valued at around USD 44.22 billion in 2022 and is expected to reach USD 86.99 billion by 2030, registering a CAGR of 7% over the forecast period. Aseptic packaging, also referred to as sterile medical packaging, describes the process of sterilising and packing medical devices to protect the contents from microbial contamination. Sterile lids and wraps, guided wire hoops, dust covers, thermoformed trays, clamshells, etc. are a few of the frequently used packaging products. Devices and pharmaceutical products are shielded from contamination and damage with the aid of sterile medical packaging. The packaging is sterile and secure because of the superior microbial barrier, durability, tear resistance, and breathability of the materials used. As a result, hospitals, pharmacies, medical facilities, etc. frequently use this packaging.
The Sterile Medical Packaging Market - Growth Factor
Glass is the second-most popular material used in sterile medical packaging because of its resistance to chemicals and moisture. Syringes, bottles, test tubes, vials, and other types of medical packaging are frequently made from this material. Metals like lead, tin, and aluminium are frequently used in the packaging of medical equipment. The demand for paper and paperboard sterile medical packaging material is anticipated to increase quickly due to its many beneficial properties, including high stiffness, durability, coding ability, and reliability. Sterilization is a crucial step in the processing chain in the healthcare industry. The use of sterile medical packaging solutions or sterile barrier systems has consequently grown significantly in significance in this market. Sterile medical packaging that cannot be reused acts as a barrier to stop the spread of microorganisms.
The Sterile Medical Packaging Market Market Trends
The global sterile medical packaging market is primarily being driven by the increasing emphasis on effective packaging of medical products for maintaining sterility and reducing contamination.
In line with this, the market growth is also being fuelled by the rising demand for single-use medical equipment to lower the risk of communicable diseases among patients and healthcare professionals.
The global market is also being further expanded by the introduction of strict regulations by numerous international organisations, including the International Organization for Standardization (ISO), for upholding quality standards and guaranteeing product safety.
In addition, a significant growth-inducing factor is the increase in surgical procedures using catheters, pre-packaged medical equipment, electrosurgical accessories, etc.
The market for sterile medical packaging solutions is also benefiting from ongoing developments in the healthcare and pharmaceutical industries.
The Sterile Medical Packaging Market Segmentation
The Sterile Medical Packaging Market fragrance concentrates market has been sub-classified into type, material, sterilization method, end-user.
On the basis of type, the Sterile Medical Packaging Market is bifurcated into:
Thermoform
Trays
Bottles
Closures
Inhalers
Vials
Ampules
Wraps
Others
On the basis of material, the market is segmented into:
Plastic
Glass
Metal
Paperboard
Paper
Others
On the basis of sterilization method, the market is segmented into:
Chemical sterilization
Radiation sterilization
Pressure/temperature sterilization
Others
On the basis of end-user, the market is segmented into:
Hospitals and clinics
Ambulatory surgical centres
Others
The Sterile Medical Packaging Market Regional Analysis
North America dominated the global Sterile Medical Packaging Market, is anticipated to grow most quickly. The numerous FDA regulations that have been put into place may be to blame for this increase in demand for safe and high-quality products. Because of the involvement of several major players and strict FDA regulations, the industry has also been very competitive in the region.
The Sterile Medical Packaging Market Key Market players
Global key players of Sterile Medical Packaging Market include Amcor Plc (Switzerland), Placon (U.S.), DuPont (U.S.), Steripack Ltd. (Ireland), Wipak Group (Finland), Nelipak Healthcare (U.S.), Tekni-Plex(U.S.), Sonoco (U.S.), BillerudKorsns AB (Sweden), ProAmpac (U.S.), West Pharmaceutical Services, Inc. (U.S.), Riverside Medical Packaging Company Ltd (UK), Oliver Healthcare Packaging (U.S.), GS Medical Packaging (Canada), Orchid (U.S.), Techinipaq Inc. (U.S.), and others.
Report scope
Global Sterile Medical Packaging Market: Historical Years- 2018-2021
Global Sterile Medical Packaging Market: Forecast Years- 2022-2030
Global Sterile Medical Packaging Market 2022- USD 44.22 billion
Global Sterile Medical Packaging Market 2030- USD 86.99 billion
Global Sterile Medical Packaging Market CAGR- 7%
