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(Construction.IndustryNews247.Com, October 05, 2021 )
The sterile packaging products primarily help protect drugs and medical devices, among other pharmaceutical products, from getting contaminated or from physical damages.
These are tear-resistant, durable, breathable, and have a superior microbial barrier, making the packaging sterile and safe. Good quality, strength, and performance in the sterile barrier can improve the reliability and efficiency of processing and handling the supplies.
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The sterile medical packaging market growth is driven by the increasing awareness regarding sterilization practices, rise in demand for single-use medical equipment, the surge in usage of sterile packaging systems. In addition, the surge in healthcare awareness among consumers regarding sterile medical supplies, rise in adoption of advanced healthcare devices, increase in demand of disposable devices by ambulatory surgical centers, ongoing development of single disposable use sterile packaging through R & D activities are some factors that drive the growth of the sterile medical packaging market.
The high consumption rate of sterile medical packaging in the healthcare and pharmaceutical industries, is expected to drive growth in the forecast period
The sterile medical packaging market is witnessing growing demand from the healthcare industry, specifically from the biotechnology industry. The use of plastics and paper & paperboard offers advantages, such as low weight, recyclability, and longevity.
Sterile medical packaging also helps protect from damage caused by environmental conditions, such as moisture during transit, leading to a rise in demand from the medical sector.
Properties such as microbial barriers make sterile medical packaging the perfect choice in the healthcare industry, where it is used to packaging medical devices and pharmaceutical products.
The sterile medical packaging market has a positive outlook due to increasing health awareness and growing concerns for infection control. It is convenient to handle sterile medical packaging products, which drives its demand.
The rising consumer income level will move consumer preference toward increased spending on healthcare services, which will support the growth of sterilized medical packaging products. These products require sterile packaging to withstand moisture and other environmental influences that may affect pharmaceutical products.
For instance, In June 2020, Placon, a manufacturer of injection molded and thermoformed plastic packaging products headquartered in the United States announced it is planning to expand its thermoforming production capacity in Elkhart (Indiana).
By Product Type
Sterile Bottles and Containers
Pouches and Bags
Pharmaceutical & Biopharmaceutical
Surgical and Medical Appliances
By Material Type
Plastic - PP, Polyester, PS, PVC, HDPE, etc.
Paper and Paperboard
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North America region holds the largest market share of the global sterile medical packaging market.
North America is expected to be one of the largest markets for sterile medical packaging, primarily owing to the many players and stringent regulations imposed by the USFDA, the market has become very competitive in the region, which, in turn, is driving the demand for sustainable and high-quality products in this region. To gain a sustainable advantage over the competitors, companies in the area are increasingly offering better packaging solutions.
A significant challenge for the market in this region is the availability of counterfeit drugs and packaging. The United States, which has multiple regulations to prevent the manufacture and distribution of these counterfeit medical products, is witnessing the penetration of fake and substandard drugs in the market.
Furthermore, in 2020, MedAccred announced to continue its expansion and support for the medical device industry. MedAccred has added new sterile device packaging and plastics mechanical assembly audit processes, added four new subscribers, and accredited many new suppliers within the last year.
The program is also entering its second year of partnering with the US Department of Commerce through the Medical Manufacturers MedAccred Accreditation Pathway (MedMMAP) for manufacturers and suppliers seeking accreditation.
The global sterile medical packaging market is highly competitive with the presence of global companies. Some of the key players which are contributing to the growth of the market include Amcor PLC, Dupont De Nemours, Inc., West Pharmaceutical Services, Inc., Sonoco Products Company, 3M Company, Ampac Group, Oracle Packaging, Steripack Ltd, Wipak Group, and Placon Corporation, among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the market globally.
For instance, in August 2021, The US Department of Defense (DoD), in collaboration with the Department of Health and Human Services (HHS), has approved SteriPack Group ("SteriPack") a USD 14.743 million contract to develop domestic production capability for XpressCollectTM used in support of COVID-19 diagnostic testing.
Medical Packaging Films Market, Parenteral Packaging Market, Medical Device Packaging Market, Electronic Packaging Market, Child Resistant Packaging Market
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