Sterile Medical Packaging Market worth $ 72.32 Billion, Globally, by 2028 at 9.20% CAGR: Verified Market Research™

An increase in investment in healthcare infrastructure due to the ongoing efforts by consumers, producers, and governments to improve infection control, and expansion of favorable healthcare policies are the primary drivers driving the market.

Jersey City, N.J., July 12, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Sterile Medical Packaging Market" By Type (Thermoform Trays, Sterile bottles & Containers, Vials & Ampoules, Pre-fillable Inhalers), By Application (Pharmaceutical & Biological, Surgical, In-Vitro Diagnostic Products, Medical Implants), By Material (Plastics, Metals, Glass, Paper & paperboard), and By Geography. According to Verified Market Research, the Global Sterile Medical Packaging Market USD 35.79 Billion in 2020 and is projected to reach USD 72.32 Billion by 2028, growing at a CAGR of 9.20% from 2021 to 2028.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=148737

Browse in-depth TOC on "Sterile Medical Packaging Market"

202 - Pages

126 – Tables

37 – Figures

Global Sterile Medical Packaging Market Overview

The healthcare and pharmaceutical industries generate a significant amount of sterile medical packaging. The healthcare business is increasing its demand for sterile medical packaging. According to a report published by the Centers for Medicare and Medicaid Services, healthcare expenditures in the United States are growing at an average annual rate of 5.8%, 1.3 % faster than the Gross Domestic Product (GDP), and are expected to account for approximately 20.1% of GDP by 2025.

With the rising health awareness and increased concerns about infection control, the sterile medical packaging industry is expected to grow in the coming years. It is easy to handle sterile medical packaging products, which drives their popularity. Consumer preference will shift toward increasing spending on healthcare services as income levels rise, which will encourage the growth of sterilized medical packaging products and development towards healthcare infrastructure.

Key Developments in Sterile Medical Packaging Market

• 2020, In June 2019, Amcor acquired Bemis. With a broad worldwide footprint, scalability in every region, and industry-leading R&D capabilities, this strategic combination establishes Amcor as the global leader in consumer packaging.
• In October 2019, 3M announced the global acquisition of Acelity, Inc. and its KCI subsidiaries. Acelity is a multinational medical technology firm that focuses on improved wound care and specialty surgical applications under the KCI brand. This acquisition propelled 3M to the forefront of advanced wound care, an important and developing industry niche.

The major players in the market are Amcor Limited (Australia), Dupont De Nemours, Inc. (US), West Pharmaceutical Services, Inc. (US), Sonoco Products Company (US), 3M Company (US), Ampac Group(Australia), DuPont(US) and Oracle Packaging(US).

Verified Market Research has segmented the Global Sterile Medical Packaging Market On the basis of Application, Technology Type, Material, and Geography.

• Sterile Medical Packaging Market by Application
• Pharmaceutical & biological
• Surgical & medical instruments
• In vitro diagnostic products
• Medical implants
• Others

• Sterile Medical Packaging Market by Technology Type
• Thermoform trays
• Sterile bottles & containers
• Vials & ampoules
• pre-fillable inhalers
• Sterile closures
• Pre-filled syringes
• Blister & clamshells

• Sterile Medical Packaging Market by Material
• Plastics
• Metals
• Glass
• Paper & paperboard
• Others

• Sterile Medical Packaging Market by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

Browse Related Reports:

Medication Adherence Packaging Systems Market by Material (Plastic, PVC, Rigid PVC, PET, PE, PP, Paper & Paperboard and Aluminum), by Type (Unit-dose Packaging Systems and Multi-dose Packaging Systems), by Application (Retail Pharmacies, Long-term Care Facilities, Hospital and Mail-order Pharmacies), by Geography, Forecast, 2020-2027

Anti-Counterfeit Packaging Market by Technology (Overt, Covert, Forensic Markers), by Application (Food & Beverages, Pharmaceutical & Healthcare, Industrial & Automotive), by Geography, Forecast, 2020-2027

Blister Packaging Market by Process (Thermoforming and Cold Forming), by Type (Carded and Clamshell), by Material (Paper & Paperboard, Plastics Films, Aluminium), by End-User (Healthcare, Consumer Goods, Industrial Goods, Food), by Geography, Forecast, 2020-2027

Packaging Additives Market by Additive Type, by Packaging Type, by Geography, Forecast, 2020-2027

7 leading flexible packaging companies delivering packaging materials pole to pole

Visualize Sterile Medical Packaging Market using Verified Market Intelligence:-:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

Mr. Edwyne Fernandes
Verified Market Research
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

Logo:  https://mma.prnewswire.com/media/1315349/Verified_Market_Research_Logo.jpg