Quick Summary:
The global sterile medical packaging industry is anticipated to experience significant growth due to an increase in demand from the healthcare sector. This demand is driven by a growing awareness for infection control and in response to the rising geriatric population with its higher susceptibility to diseases and injuries, leading to an escalated need for disposable medical supplies. Sterile packaging, which guarantees the safe transit and shelf-life of medical supplies, appears as an invaluable solution in this context.
The benefits of sterile medical packaging are manifold: not only do they offer protection from microbes and contamination, they also secure medical devices from environmental harm. Moreover, owing to their lightweight and recyclable nature, plastics and papers are now becoming the preferred options for sterile packaging. By ensuring tear resistance, rigidity, breathability, and an excellent microbiological barrier, sterile medical packaging effectively maintains the sterility of medical items throughout their lifecycle. With increasing focus on sustainability, the industry is ripe for innovations that can deliver affordable, efficient and eco-friendly packaging solutions. This report will provide you a deep-dive analysis into this promising sector allowing you to make informed strategic decisions.
The market is anticipated to witness a growth of steady CAGR, which can be attributed to the increased demand for sterile medical packaging products from the healthcare sector
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Growing Geriatric Population
The growing geriatric population worldwide which is susceptible to various communicable and non-communicable diseases along with injuries, falls and accidents has significantly increased the demand for different disposable medical supplies. According to United Nations, Department of Economic and Social Affairs, Population Division, number of persons aged 65 years or above in 2019 were around 702.9 million globally and this number is expected to increase to 1548.9 million by 2050. Additionally, the demand for medical devices, catheters, pre-packaged medical supplies, electrosurgical accessories, among others has significantly increased due to the geriatric population. This in turn is expected to positively influence the demand for sterile medical packaging, thereby driving the market growth.Benefits Associated with Sterile Packaging Products
There are numerous benefits associated with sterile packaging products used across healthcare industry. These include protection from microbes and contamination. Additionally, use of plastics & papers as a sterile packaging option offers advantages such as light weight, recyclability and longer shelf life of the product. Additionally, sterile medical packaging protects the medical devices, consumables and other products from damage caused by environmental conditions, such as moisture during transit. Furthermore, there are several other benefits associated with sterile medical packing such as tear resistance, rigidity, breathability, and an excellent microbiological barrier which helps in maintaining the sterility of medications and medical equipment for the course of their lifecycles. These characteristics would increase the need for such packaging in a variety of applications, including surgical and medical devices as well as in vitro diagnostic products.Growing Focus on Sustainability
The increasing environmental awareness and rising concerns over sustainability has made various companies operating within the packaging industry to look for options that are not only affordable, offer similar benefits and are also eco-friendly in nature. The players operating in the sterile medical packaging industry are focusing on developing packaging solutions that not only reduce the cost but at the same time maintain the integrity of product packages. This in turn is expected to create lucrative opportunities for the growth of global sterile medical packaging market. For instance, in November 2019, Amcor plc, invested around USD11 million the all-new multi-layer cast extrusion technology which produces a film of up to 11-layers to create safe, durable, and cost-efficient medical device packaging. This technology will help medical device customers meet the regulatory demands along with ensuring cost savings in terms of material cost and will also ensure overall product sterility.Market Segmentation
The global sterile medical packaging market is segmented by type, by materials, by sterilization method, by application. Based on type, the market can be categorized into thermoform trays, sterile bottles & containers, vials & ampoules, bags & pouches, pre-filled syringes, sterile closures, and others. Based on material, the market can be fragmented into plastics, metals, glass, paper & paperboard, and others. Based on sterilization method, the market can be classified into chemical sterilization, ethylene oxide, hydrogen peroxide, and others. Based on by application, the market can be grouped into pharmaceutical & biological, surgical & medical instruments, in vitro diagnostic products, medical implants, and others. Regionally, North America dominated the market followed by Europe, Asia Pacific, South America, and Middle East & Africa. The United States, in the North America holds the largest market for sterile medical packaging among the different countries. This can be ascribed to the flourishing packaging industry within the country along with growing plastic & resin manufacturing industry in the United States. The United States Plastic & Resin Manufacturing Market stood at USD 95.32 billion.Market Players
Amcor Limited, DuPont de Nemours, Inc., 3M Company, West Pharmaceutical Services, Inc., Sonoco Products Company, Placon Corporation Inc., Billerkornas AB, Oracle Packaging, Inc., SteriPack Limited, Riverside Medical Packaging Company Ltd. are some of the leading players operating in the global sterile medical packaging market.Report Scope
In this report, global sterile medical packaging market has been segmented into following categories, in addition to the industry trends which have also been detailed below:Sterile Medical Packaging Market, by Type:
- Thermoform Trays
- Sterile Bottles & Containers
- Vials & Ampoules
- Bags & Pouches
- Pre-filled Syringes
- Sterile Closures
- Others
Sterile Medical Packaging Market, by Material:
- Plastics
- Metals
- Glass
- Paper & Paperboard
- Others
Sterile Medical Packaging Market, by Sterilization Method:
- Chemical Sterilization
- Ethylene Oxide
- Hydrogen Peroxide
- Others
Sterile Medical Packaging Market, by Application Type:
- Pharmaceutical & Biological
- Surgical & Medical Instruments
- In Vitro Diagnostic Products
- Medical Implants
- Others
Sterile Medical Packaging Market, by Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in sterile medical packaging market.Available Customizations
With the given market data, customizations are offered according to specific needs. The following customization options are available for the report:- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Amcor Limited
- DuPont de Nemours, Inc.
- 3M Company
- West Pharmaceutical Services, Inc.
- Sonoco Products Company
- Placon Corporation Inc.
- Billerkornas AB
- Oracle Packaging, Inc.
- SteriPack Limited
- Riverside Medical Packaging Company Ltd.