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Sterile Medical Packaging Market Size, Industry Analysis Report By Type (Thermoform, Trays, Bottles, Closures, Inhalers, Vials, Ampules, Wraps), By Material (Plastic, Glass, Metal, Paperboard, Paper), By Sterilization Method (Chemical Sterilization, Radiation Sterilization, Pressure/Temperature Sterilization), By End-User (Hospitals And Clinics, Ambulatory Surgical Centres) & Region – Forecast

  • PUBLISHED ON
  • 22/12/2022
  • NO OF PAGES
  • CATEGORY
  • Packaging
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.), BillerudKorsnäs 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%

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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