The report on global sterile
medical packaging market provides qualitative and quantitative analysis for the
period of 2015 to 2023. According to the report the global sterile medical
packaging market is projected to reach USD 37.3 billion by 2023, growing with a
CAGR between 4.6% to 5.1% from 2017 to 2023. The global sterile medical
packaging market was worth USD 26.2 billion in 2015.
The report identified that the global
sterile medical packaging market is driven by factors such as, increasing aging
population, growing demand from the healthcare sector and the popularity of
using reliable packaging is driving the demand for sterile medical packaging.
On the other hand, the restraining factors identified in the study include
stringent regulations in developed countries and the rise in healthcare costs.
Rising awareness among patients
regarding a healthy lifestyle, demand for biologics, pharmaceutical products
and the growing demand for innovative product packaging are likely to stimulate
market growth and provide opportunity for major players in the emerging and
developing economies. Adhering to stringent regulations by the governments and
controlling costs for customers are some of the challenges for the major
players to expand further during the forecast period.
The sterile medical packaging
market is segmented on the basis of material, and type. The medical packaging
market by type covers thermoform trays, sterile bottles & containers, vials
& ampoules, pre-fill able inhalers, sterile closures, and pre-filled
syringes. The materials of sterile medical packaging included in the report are
plastic, glass and others.
Geographic Coverage and Analysis:
The report provides regional
analysis covering geographies such as North America, Europe, Asia-Pacific, and
Rest of the World. In this section the key trends and market size for each
geography is provided over the period of 2017 – 2023.
Figure: Global Sterile Medical Packaging Market by Region
Europe is the key consumer of sterile
medical packaging in the global market. As of 2015, this region accounted for
about 38.7% share in the global market. North America emerged as the second
largest shareholder of the global market followed by Asia-Pacific. The
increasing investment in the healthcare and manufacturing sectors is one of the
key factors expected to encourage the growth of the sterile medical packaging
market in North America in the forecast period. Furthermore North America is
expected to grow at the highest CAGR of 5.7% over the forecast period.
The companies covered in the
report include Amcor Limited, Placon, Dupont, Steripack, Wipak Group, 3M
medical Packaging, Nelipak healthcare Packaging, Oracle packaging, Sonoco
Plastics Europe, and Billerkornas AB.
The report provides deep insights
on demand forecasts, market trends and micro and macro indicators. In addition,
this report provides insights on the factors that are driving and restraining
the demand of sterile medical packaging globally as well as regionally.
Moreover, IGR-Growth Matrix analysis given in the report brings an insight on
the investment areas that existing or new market players can consider. The report provides insights into the market
using analytical tools such as Porter’s five forces analysis and DRO analysis
of sterile medical packaging.
Moreover, the study highlights
current market trends and provides forecast from 2017 to 2023. We also have
highlighted future trends in the global sterile medical packaging market that
will impact the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight on the market share of
the leading players. Additionally, the analysis highlights rise and fall in the
market shares of the key players in the market. This report will help
manufacturers, suppliers and distributors of the global sterile medical
packaging market to understand the present and future trends in this market and
formulate their strategies accordingly.