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“Sterile Medical Packaging Market” to 2020 - Dominatd by Surgical instruments, Pharmaceutical, Chemical and Radiation”

Press Release   •   Jan 30, 2018 08:11 EST

The sterile medical packaging market has been growing in accordance with the packaging industry. 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.

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The global sterile medical packaging market is projected to grow from USD 26.55 billion in 2015 to reach USD 35.07 billion by 2020, at a CAGR of 5.72%. The sterile medical packaging market is driven by growing demand from the healthcare industry due to increase in health awareness.

Medical Packaging By type:

  • Thermoform trays
  • Sterile bottles & containers
  • Vials & ampoules
  • Pre-fillable inhalers
  • Sterile closures
  • Pre-filled syringes
  • Blister & clamshells
  • Bags & pouches
  • Wraps

Plastic is projected to be the fastest-growing material segment in the sterile medical packaging market in the next five years. Due to excellent barrier properties of plastic, as well as it being cost-effective, it is projected to be the fastest growing material, in terms of both volume and value.

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The segmentation considered for Sterile Medical Packaging Market report is based on material, type, sterilization method, application, and region. On the basis of material, plastic accounted for the largest market share in 2014. The thermoform tray segment accounted for the largest market share, among all types of sterile medical packaging, in terms of value, while pre-filled syringes dominated the market in terms of volume. The application segment was dominated by the pharmaceutical & biological segment.

The following figure provides a breakdown of the type of companies which the primary sources belong to, the number of primaries by designation, and their regional break-up.

  • Tier-1: Revenue >USD 500 million
  • Tier-2: Revenue USD 100 million to USD 500 million
  • Tier 3: Revenue < USD 100 million

The global sterile medical packaging market is dominated by several large players of the packaging industry, such as Amcor Limited (Australia), 3M Company (U.S.), E. I. du Pont de Nemours and Company (U.S.), Bemis Company, Inc. (U.S.), and West Pharmaceutical Services, Inc. (U.S.). Other players include SteriPack Ltd. (Ireland), Wipak Group (Germany), Placon Corporation (U.S.), Riverside Medical Packaging Company Ltd. (U.K.), and Oracle Packaging, Inc. (U.S.).

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The final segment, that is, region, consists of North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The base year considered for the study is 2014 and the market size is projected from 2015 to 2020.

The report will help the market leaders/new entrants in this market in the following ways:

  • This report segments the sterile medical packaging market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across the different verticals and regions.
  • This report helps stakeholders to understand the market and provides them information on key market drivers, restraints, challenges, and opportunities.
  • This report will help stakeholders to better understand their competitors and gain more insights into their position in the business.