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Sterile Medical Packaging Market in US 2019-2023 - Product Image

Sterile Medical Packaging Market in US 2019-2023

  • ID: 4749656
  • Report
  • January 2019
  • Region: United States
  • 116 pages
  • TechNavio
1h Free Analyst Time

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FEATURED COMPANIES

  • Amcor
  • Baxter
  • Bemis Company
  • Cardinal Health
  • DowDuPont
  • MORE
Rising adoption of pre-validated sterile packaging to drive market growth. Pre-validated packaging refers to packaging stock or containers that have been designed, sourced and validated to medical industry standards beforehand by package manufacturers. The use of pre-validated packages can substantially reduce time-to-market and package development and production costs of medical drug/device manufacturers. Demand for pre-validated sterile packaging has gained momentum in recent years amid the influx of new medical technology and pharmaceutical startups. The latter has limited funding and aspire to introduce their products to the market in quick time. The analysts have predicted that the sterile medical packaging market in US will register a CAGR of over 5% by 2023.

Market Overview

Legislative and regulatory changes supporting pharma growth

Stringent regulations governing the medical and pharmaceutical industry are major hurdles to the entry of new players and the introduction of new drugs into the market. However, there are some regulations which have been supporting the growth of the medical industry in the US. The US government has enforced some mandatory medical and healthcare insurance schemes, which ensure some degree of basic healthcare coverage and support in paying for personal medical expenses. This is enhancing expenditure on the treatment of diseases and physical disorders, thereby driving the demand for drugs, and consequently, for sterile medical packaging.

Availability of counterfeit drugs in the market

A major challenge for the sterile medical packaging market in the US is the availability of counterfeit drugs and packaging. Contrary to general perception, counterfeit products are not limited to developing countries. The US too, which is well-developed and has several regulations in place to prevent the manufacture, distribution, and sales of counterfeit medical products, continues to witness the penetration of fake and substandard drugs in the market. Counterfeiting is a major challenge for vendors of genuine drugs and sterile medical packaging.

For the detailed list of factors that will drive and challenge the growth of the sterile medical packaging market in US during the 2019-2023, view this report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Cardinal Health and DowDuPont, the competitive environment is quite intense. Factors such as the rising adoption of pre-validated sterile packaging and the legislative and regulatory changes supporting pharma growth, will provide considerable growth opportunities to sterile medical packaging manufacturers. Amcor, Baxter, Bemis Company, Cardinal Health, and DowDuPont are some of the major companies covered in this report.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amcor
  • Baxter
  • Bemis Company
  • Cardinal Health
  • DowDuPont
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY MATERIAL
  • Market segmentation by material
  • Comparison by material
  • Plastic - Market size and forecast 2018-2023
  • Glass - Market size and forecast 2018-2023
  • Aluminum - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by material
PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY PRODUCT
  • Market segmentation by product
  • Comparison by product
  • Bottles - Market size and forecast 2018-2023
  • Blister packs - Market size and forecast 2018-2023
  • Thermoformed trays - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by product
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS

PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Amcor
  • Baxter
  • Bemis Company
  • Cardinal Health
  • DowDuPont
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
List of Exhibits
Exhibit 01: Global consumer and industrial packaging market
Exhibit 02: Segments of global consumer and industrial packaging market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Country market: Size and forecast 2018-2023 ($ millions)
Exhibit 08: Country market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Material - Market share 2018-2023 (%)
Exhibit 18: Comparison by material
Exhibit 19: Plastic - Market size and forecast 2018-2023 ($ millions)
Exhibit 20: Plastic - Year-over-year growth 2019-2023 (%)
Exhibit 21: Glass - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: Glass - Year-over-year growth 2019-2023 (%)
Exhibit 23: Aluminum - Market size and forecast 2018-2023 ($ millions)
Exhibit 24: Aluminum - Year-over-year growth 2019-2023 (%)
Exhibit 25: Others - Market size and forecast 2018-2023 ($ millions)
Exhibit 26: Others - Year-over-year growth 2019-2023 (%)
Exhibit 27: Market opportunity by material
Exhibit 28: Customer landscape
Exhibit 29: Product - Market share 2018-2023 (%)
Exhibit 30: Comparison by product
Exhibit 31: Bottles - Market size and forecast 2018-2023 ($ millions)
Exhibit 32: Bottles - Year-over-year growth 2019-2023 (%)
Exhibit 33: Blister packs - Market size and forecast 2018-2023 ($ millions)
Exhibit 34: Blister packs - Year-over-year growth 2019-2023 (%)
Exhibit 35: Thermoformed trays - Market size and forecast 2018-2023 ($ millions)
Exhibit 36: Thermoformed trays - Year-over-year growth 2019-2023 (%)
Exhibit 37: Others - Market size and forecast 2018-2023 ($ millions)
Exhibit 38: Others - Year-over-year growth 2019-2023 (%)
Exhibit 39: Market opportunity by product
Exhibit 40: Impact of drivers and challenges
Exhibit 41: Vendor landscape
Exhibit 42: Landscape disruption
Exhibit 43: Vendors covered
Exhibit 44: Vendor classification
Exhibit 45: Market positioning of vendors
Exhibit 46: Amcor - Vendor overview
Exhibit 47: Amcor - Business segments
Exhibit 48: Amcor - Organizational developments
Exhibit 49: Amcor - Geographic focus
Exhibit 50: Amcor - Segment focus
Exhibit 51: Amcor - Key offerings
Exhibit 52: Baxter - Vendor overview
Exhibit 53: Baxter - Business segments
Exhibit 54: Baxter - Organizational developments
Exhibit 55: Baxter - Geographic focus
Exhibit 56: Baxter - Segment focus
Exhibit 57: Baxter - Key offerings
Exhibit 58: Bemis Company - Vendor overview
Exhibit 59: Bemis Company - Business segments
Exhibit 60: Bemis Company - Organizational developments
Exhibit 61: Bemis Company - Geographic focus
Exhibit 62: Bemis Company - Segment focus
Exhibit 63: Bemis Company - Key offerings
Exhibit 64: Cardinal Health - Vendor overview
Exhibit 65: Cardinal Health - Business segments
Exhibit 66: Cardinal Health - Organizational developments
Exhibit 67: Cardinal Health - Segment focus
Exhibit 68: Cardinal Health - Key offerings
Exhibit 69: DowDuPont - Vendor overview
Exhibit 70: DowDuPont - Business segments
Exhibit 71: DowDuPont - Organizational developments
Exhibit 72: DowDuPont - Geographic focus
Exhibit 73: DowDuPont - Segment focus
Exhibit 74: DowDuPont - Key offerings
Exhibit 75: Validation techniques employed for market sizing
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amcor
  • Baxter
  • Bemis Company
  • Cardinal Health
  • DowDuPont
  • MORE
Sterile Medical Packaging Market in US 2019-2023

The analyst recognizes the following companies as the key players in the sterile medical packaging market in US: Amcor, Baxter, Bemis Company, Cardinal Health, and DowDuPont.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the rising adoption of pre-validated sterile packaging.”

According to the report, one of the major drivers for this market is the legislative and regulatory changes supporting pharma growth.

Further, the report states that one of the major factors hindering the growth of this market is the availability of counterfeit drugs in the market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Amcor
  • Baxter
  • Bemis Company
  • Cardinal Health
  • DowDuPont
Note: Product cover images may vary from those shown
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