The Infinium Global Research analyzes the Sterile Medical Packaging Market over the period of 2017 to 2023. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global sterile medical packaging market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of sterile medical packaging. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the sterile medical packaging market during the period.
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Increasing Aging Population, Growing Demand from the Healthcare Sector and the Popularity of Using Reliable Packaging is Driving the Demand for Sterile Medical Packaging
The report identified that the global sterile medical packaging market is driven by 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. On the other hand, the restraining factors identified in the study include stringent regulations in developed countries and the rise in healthcare costs.
Rising awareness among patients regarding a healthy lifestyle, demand for biologics, pharmaceutical products and the growing demand for innovative product packaging are likely to stimulate market growth and provide opportunity for major players in the emerging and developing economies. Adhering to stringent regulations by the governments and controlling costs for customers are some of the challenges for the major players to expand further during the forecast period.
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Sterile Medical Packaging Market: Segmentation
The sterile medical packaging market is segmented on the basis of material, and type. The medical packaging market by type covers thermoform trays, sterile bottles & containers, vials & ampoules, pre-fill able inhalers, sterile closures, and pre-filled syringes. The materials of sterile medical packaging included in the report are plastic, glass and others.
Europe is the Key Consumer of Sterile Medical Packaging in the Global Market
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2017 – 2023.
Europe is the key consumer of sterile medical packaging in the global market. As of 2015, this region accounted for about 38.7% share in the global market. North America emerged as the second largest shareholder of the global market followed by Asia-Pacific. The increasing investment in the healthcare and manufacturing sectors is one of the key factors expected to encourage the growth of the sterile medical packaging market in North America in the forecast period. Furthermore North America is expected to grow at the highest CAGR of 5.7% over the forecast period.
Sterile Medical Packaging Market: Competitive Landscape
The companies covered in the report include Amcor Limited, Placon, Dupont, Steripack, Wipak Group, 3M medical Packaging, Nelipak healthcare Packaging, Oracle packaging, Sonoco Plastics Europe, and Billerkornas AB.
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