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Published Date: 2016-09-09Number of Pages: 141

Sterile Medical Packaging Market (Product Type - Pouches & Bags (Gusset Bags, Header Bags, Liner Tear Bags, Semi-ultra Clean Bags, Spout Pouches), Thermoform Trays (Vials & Ampoules, Clamshells & Lids, IV Containers); Material Type - Plastic Films , Foils, Papers, Glass, Non-woven, Foam Sheets; Application - Medical Supplies (Gloves, Scissors, Syringes and Needles, Surgical Tapes), Medical Equipment (Surgical, Therapeutic, Diagnostic, Pharmaceutical & Biologics)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Sterile Medical Packaging Market: Snapshot

The sterile medical packaging market has witnessed impressive growth over the last few years owing to the significant increase in the demand for pharmaceutical and biologics products. Sterile medical packaging finds extensive usage in the packaging of medical equipment, medical supplies, and pharmaceutical and biological products due to its high performance and anti-contaminant properties. The global sterile medical packaging market is estimated to expand at a steady CAGR of 4.7% during the forecast period, amounting to US$38.3 bn by 2024.

The wide availability of new products in the field of biologics and biopharmaceuticals, coupled with specific requirements of patients for better compliance, is driving the market for sterile medical packaging worldwide. Likewise, the mounting demand for sterilization in reference to healthcare and personal care products has driven the need for sterile medical packaging.

sterile-medical-packaging-market

 

Rising Application of Sterile Medical Packaging in Pharmaceuticals and Biologics

The global sterile medical packaging market is segmented on the basis of product type, material type, and application.

Vials and ampoules emerged as the leading product segment due to their wide application in multiple pharmaceutical industries throughout the forecast period. This segment is anticipated to account for 37% of the overall sterile medical packaging market by the end of 2016. However, the segment is anticipated to witness a marginal decrease in market share by the end of the forecast period. The pouches and bags segment, on the other hand, will lead the sterile medical packaging market by 2024.

The plastics segment is estimated to account for the leading value share of 51.6% in the sterile medical packaging market by 2016-end based on type of material. This segment is expected to register healthy Y-o-Y growth during the forecast period, along with the glass segment. The non-woven segment is expected to register a healthy growth rate till 2019; however, it is expected to lose traction in the later phase of the forecast period.

Based on end use, the pharmaceutical and biologics packaging segment stands out among all other segments owing to the rising demand for packaged medical products. While the medical supplies segment is forecast to lose market share through 2024, the segment of medical equipment is expected to witness a steady growth in demand for sterile medical packaging.

Sterile Medical Packaging to Gain Traction in Europe despite Sluggish Growth

On the basis of geography, the global sterile medical packaging market has been segmented into Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa. North America, though a developed market with multiple players, is expected to gain momentum in the later phase of the forecast period thanks to future investments in the manufacturing and healthcare sector. The mature market of Europe, on the other hand, is anticipated to witness sluggish growth throughout the forecast period. However, late adoption of medical packaging in several countries such as Poland, Turkey, and Romania offers significant growth prospects for the sterile medical packaging market in the region. The Latin America and MEA markets for sterile medical packaging are expected to register steady growth through the course of the forecast period.

The key players operating in the global sterile medical packaging market include Amcor Limited, Placon, Dupont, Steripack, Wipak Group, 3M medical Packaging, Nelipak Healthcare, Oracle Packaging, Sonoco Plastics Europe, Billerkornas AB, and Ampac Group.

This Transparency Market Research report examines the ‘Sterile Medical Packaging Market’ for the period 2016–2024. The core objective of the report is to offer in-depth view of the key factors impacting the global sterile medical packaging market, along with analyzing the future scope and opportunities in this market.

Sterile medical is modern definition of pharmaceutical packaging. Sterile medical packaging drives from demand of pharmaceutical & biologics product, medical supplies, and medical equipment.

The report has been divided into four parts, for better understanding and assessment of the global market scenario; the above mentioned divisions are: market analysis by product type, material type, application and regions.

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.

The next section of the report analysis the market based on product type and presents the forecast in terms of value for the next eight years.
Product covered in the report include:

  • Pouches & bags
    • Gusset bags
    • Header bags
    • Liner tear bags
    • Semi-ultra clean bags
    • Spout pouches
  • Thermoform Trays
    • Vials & ampoules
    • Clamshells & lids
    • IV Containers
    • Others

The next section of the report analysis the market based on material type and presents the forecast in terms of value for the next eight years.
Material covered in the report include:

  • Plastic Films
  • Foils
  • Papers
  • Glass
  • Non-woven
  • Foam Sheets
  • Others

The next section of the report analyses the market based on application segments and presents the forecast in terms value for the next eight years.

Application segment covered in the report include:

  • Medical supplies
    • Gloves
    • Scissors
    • Syringes and needles
    • Surgical tapes
    • Others
  • Medical equipment
    • Surgical
    • Therapeutic
    • Diagnostic
    • Pharmaceutical & biologics

The next section of the report analyses the market based on regions and presents the forecast in terms of value and volume for the next eight years.

Regions covered in the report include:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

The forecast presented here assesses the total value of sterile medical packaging. The starting point is sizing the current market, which lays the foundation for the forecast of how the market is anticipated to take shape in the near future. Given the characteristics of market, in-depth analysis based on supply side, demand side and sterile medical consumption rate, is taken into account. However, quantifying the market across above-mentioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.

In addition, we have taken into consideration year on year growth to understand the predictability of the market and to identify the right opportunities across the sterile medical packaging market.

As previously highlighted, the market for sterile medical packaging is split into various sub categories based on region, products, material and application segments. All segment and sub segment further presented in table form. These sub segments or categories have been analyzed in terms of market share (BPS) to understand individual segments relative contribution to growth. This detailed level of information is important for identification of many key trends in the global sterile medical packaging market.

Also, another key feature of this report is the analysis of sterile medical packaging market by its revenue forecast in terms of absolute dollar. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global sterile medical packaging market.

Furthermore, Transparency Market Research has developed market attractiveness index for all three segments–product type, material type, application and regional segments. This index helps in identifying the real opportunities that lies in the market.
In the final section of the report, sterile medical packaging market landscape is included to provide a dashboard view, based on different categories of market players, along with their product portfolio and key differentiators.

Key market participants covered in the report include:

  • Amcor Limited
  • Placon
  • Dupont
  • Steripack
  • Wipak Group
  • 3M medical Packaging
  • Nelipak healthcare Packaging
  • Oracle packaging
  • Sonoco Plastics Europe
  • Billerkornas AB
  • Ampac Group


 
 
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