Demand from Discerning Patients Drives Global Market for Sterile Medical Packaging

The report starts with an overview of sterile medical packaging and its usage in various applications across the globe. In the same section, TMR covers the sterile medical packaging market performance in terms of value. This section includes, TMR’s analyses of key trends, drivers and restraints from supply and demand perspective.


Albany, NY -- (SBWIRE) -- 04/20/2017 -- Market Research Reports Search Engine (MRRSE) has announced the addition of a new report, titled as "Global Sterile Medical Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024". Sterile medical packaging is extensively used in packaging of medical equipment, biologics and pharmaceutical products, and medical supplies, on account of its anti-contaminant properties. The global market for sterile medical packaging has seen significant growth in the last couple of years on the back of robust demand for pharmaceutical and biologics products. Going forward, the market would likely register a steady 4.7% CAGR from 2016 to 2024 to reach a value of US$38.3 bn by 2024. At present, the competitive landscape in the market is defined by several large players.

Request For a Sample Report:

Various types of sterilization packaging, including pouches, wraps, and container systems, are available in various sizes and specifications in the market to suit various products. They help in sterilization of the content and in maintaining the sterility till the package is opened and the contents are removed from it.

Proliferation of Biologics and Biopharmaceuticals Drives Growth

Rapid emergence of a vast array of new biologics and biopharmaceuticals products has been at the forefront of driving the demand for sterile medical packaging. There are other factors propelling growth such as rising demand among patients for better compliance through sterilization of healthcare products. Same is demanded of personal care products too. A burgeoning aging population and higher prevalence of chronic diseases is also indirectly filliping the market. Maintaining the integrity of medical packaging by taking care of every small aspect can however pose a challenge to the growth of the market for sterile medical packaging.

Plastic Material Dominates with Almost Half the Market

The global sterile medical packaging market can be divided depending on various parameters such as product type, application, and material type. Among the various products, vials and ampoules, on account of their wide application in multiple pharmaceutical industries, have majorly contributed to growth. However, the segment would likely pare its market share slightly in the upcoming years and the pouches and bags segment will gain enough to hold a leading position in the sterile medical packaging market by 2024.
Depending upon the type of materials used, plastics holds a dominant chunk of the market – almost 50.0%. End use-wise, the pharmaceutical and biologics packaging segment leads the market with maximum demand. The medical supplies segment is predicted to lose market share in the near future while the medical equipment is expected to witness a steady gain in share.

Browse the full Press Release of Global Sterile Medical Packaging Market at :
Investments in Manufacturing and Healthcare Likely to Fillip Developed North America Market

Due to the presence of a large number of players, North America is considered a developed market. With further investments in the manufacturing and healthcare sectors, it would most likely gain traction in the distant future. The market in Europe is mature too, but is predicted to see lackluster growth both in the near and distant future. Adoption of medical packaging in many countries, namely Poland, Romania, and Turkey, however, may push the growth of the sterile medical packaging market in the continent. The Latin America and Asia Pacific markets are slated to experience steady growth due to increasing demand from the healthcare industry.

About Market Research Reports Search Engine (MRRSE)
Market Research Reports Search Engine (MRRSE) is an industry-leading database of market intelligence reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE's repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.


State Tower
90, State Street
Suite 700
Albany, NY - 12207
United States Telephone: +1-518-730-0559
Follow Us on LinkedIn-
Follow Us On Twitter-