Sterile Medical Packaging Market Driven by Increase in Healthcare Awareness Among Consumers 2017-2022

Global Sterile Medical Packaging Market is expected to experience high growth owing to the improving medical science, need for their packaging, demand from the healthcare sector, increasing aging population, growing and the popularity of using reliable packaging is fuelling the demand for sterile medical packaging. The segmentation on the basis of material type, region, application, and sterilization method. On the basis of material, plastic is expected to account for the largest market share in the upcoming years. The largest market share was accounted by the thermoform tray segment, among all types of sterile medical packaging, in terms of value, whereas the pre-filled syringes leaded the market in terms of volume in the year 2015. The segmentation on the basis of application includes dominated by the pharmaceutical & biological segment.

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The segmentation of the global sterile medical packaging market on the basis of geographical regions which include seven major regions namely Western Europe, Eastern Europe, North America, Latin America, Asia Pacific, Japan, and the Middle East and Africa. North America is likely to be the largest market for sterile medical packaging owing to the various regulations imposed by the FDA, which is expected to fuel the market demand for quality and sustainable products in the region, North America is likely to be followed by Western Europe and Asia Pacific on account of aggressively increasing medical services in the regions. Increased spending capacity, coupled with growing healthcare awareness, is expected to create new opportunities for the market participants operating in the sterile medical packaging market in the Asia Pacific region.

The target segment of this industry is the healthcare packaging manufacturers. The markets submarket segmentation by material includes plastics (which consists of polypropylene, polyester, polycarbonate, PVC, HDPE, polycarbonate and polystyrene), glass, metal (aluminium foil, stainless steel) and paper and paperboard. The market segmentation by type thermoform trays, sterile closures, blisters and clamshells, bags and pouches, wraps, prefilled syringes, vials and ampoules, pre-fillable inhalers. The segmentation by application include in vitro diagnostic products pharma ceautical and biological, catheter packaging, drape and gown packaging, urinary and drainage packaging, blood therapy packaging, wound care packaging, renal therapy packaging, sealing machines (rotosealers and impulse sealers), nonwoven and paper wraps, chemical indicators and tapes, surgical and medical instruments and medical implants. The segmentation by sterilization method includes chemical sterilization (ethylene oxide ETO and hydrogen peroxide) and chlorine dioxide, radiation sterilization E-beam and Gamma radiation.

Heat and moisture sensitive medical devices use chemical sterilization which is a low temperature sterilization method. Ethylene oxide (ETO) is expected to be the most widely used method in chemical sterilization method. ETO is a low cost sterilization method used for large loads. Versatility, ease of handling and cost efficiency are likely to make it a largely accepted method of sterilization it is expected to grow high over the upcoming years. Hydrogen peroxide is expected to replace the ETO method of sterilization owing to its quality to reduce the cycle time and no aeration is required. The Increase in population on account of which their increase in health requirements, governments to increase the level of infection control, continuous attempts of consumers, manufacturers and rise in favorable healthcare policies are expected to be the major factors fuelling the growth of the global sterile medical packaging marketing the past recent.

In addition, factors including increasing affordability and growing healthcare awareness among consumers are expected to drive the future growth and expansion of the global sterile medical packaging market. The market sustainability of the sterile medical packaging market mainly depends on the supply of raw materials which include crude oil and the cost. Flux in the prices of crude oil could reduce the value chain of the market. Manufacturers are observed to increasingly invest in research and development activities for developing a sustainable sterile medical packaging types. However, sustaining medical packaging integrity is expected to act as a challenge to the growth of the sterile medical packaging market.

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The key market participants include orchid, Dupont, SBA, WIPAK, Bemis Healthcare packaging, JANCO Inc, Oliver Tolas Healthcare Packaging, Sealed Air Medical Applications, Multivac and Selenium Medical. Increasing competition among manufacturers and the growing awareness about the environment is stimulating manufacturers to develop sterile medical packaging, which is cost-efficient, provides better microbial protection and requires fewer resources, which in turn is expected to support the growth of the sterile medical packaging market. Intense competition in the market has led the market to launch new products, partnerships & expansions and mergers & acquisitions by market players to retain their market share.