Sterile Medical Packaging Market Size & Share, by Type (Thermoformed Trays, Clamshell, IV Containers & Bags, Sterile Lid); Material (Plastic, Paper, Foil, Non-woven, Foam Sheets); Application {Medical Disposable Supplies (Surgical Preparation Kits, Sutures & Catheters, Pre Packaged Medical Supplies); Medical Equipment (Cardiovascular, Neurovascular, Endoscopic) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4285
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Sterile Medical Packaging Market size is anticipated to reach USD 65 Billion by the end of 2033, growing at a CAGR of 7% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of sterile medical packaging was around USD 45 Billion. The primary factor for the market growth is attributed to the rising cases of cardiovascular diseases and deaths owing to it, which leads to an increase demand for sterile medical packaging during the treatment. As per World Health Organization, cardiovascular diseases are considered to be leading cause of deaths globally, taking almost 17.9 million lives in 2019, which is equivalent to 63% of the total deaths occurred.

The sterile medical packaging market is witnessing growing demand from the healthcare industry. The main reason behind this high demand is owing to the large pool of patients in the world. During the treatment of patients, proper sterilization packaging is required for the purpose of sterilizing and packaging medical devices and the other instruments. Thus, the increment in number of deaths due prevalence diseases such as non-communicable diseases is anticipated to increase the adoption rate of sterile medical packaging market in hospitals, ambulances and clinics. As per a report published by World Health Organization in 2021, it is stated that non-communicable diseases kill almost 41 million peach each year, equivalent in 71% of global deaths.


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Sterile Medical Packaging Sector: Growth Drivers and Challenges

Growth Drivers

  • Rising Prevalence of Unhealthy Lifestyle Diseases Worldwide – The population has shifted towards inactivity and unhealthy lifestyle. This has resulted in a number of diseases such as diabetes, hypertension, obesity and high blood among the population. This trend is increasing the pressure in healthcare sector, which is further expected to bring lucrative opportunities in the sterile medical packaging market in the assessment period. The prevalence of diabetes was accounted to be almost 10% i.e. 460 million people in the year 2019, and continue to increase steadily in the future and reach 11% i.e. 700 million people by 2030.
  • Increasing Incidence of Heart Diseases Cases – Obesity and overweight is rising in alarming rate among the population. This has led to increase in number of heart disease patients across the world. This has brought the need of deploying of sterile medical packaging market across the healthcare sector. Heart attack and strokes accounted the major portion of heart diseases in the recent years. Around 85% of the cardiovascular diseases deaths were responsible due to heart attack and strokes in 2019.
  • Global Rise of Patient Visits – The latest reports revealed that in 2020, around 770 million outpatient visits took place in the hospitals of the United States.
  • Expansion of Healthcare Sector - The revenue generated by the global healthcare sector in 2022, stood up at USD 60 billion.
  • Escalation in Health Expenditure – The World Bank released the health expenditure of the world in the year 2019, which accounted to be 9.83% of the total GDP. This is a rise from 2017, where global health expenditure was 9.77% of total GDP.   

 Challenges

  • Extra Medical Packaging Integrity
  • Rising Number of Stringent Regulations
  • Low Awareness about Sterile Medical Packaging

Sterile Medical Packaging Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

7%

Base Year Market Size (2022)

USD 45 Billion

Forecast Year Market Size (2033)

USD 65 Billion

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Sterile Medical Packaging Segmentation

Application {Medical Disposable Supplies (Surgical Preparation Kits, Sutures & Catheters, Pre-Packaged Medical Supplies); Medical Equipment (Cardiovascular, Neurovascular, Endoscopic)

The sterile medical packaging market is segmented and analyzed for demand and supply by application into medical disposable supplies and medical equipment. Further, the medical equipment is segmented into cardiovascular, neurovascular, endoscopic, and others. Out of these, cardiovascular segment is expected to garner the highest market share by 2033, owing to rising cases of heart diseases. As per Centers for Disease Control and Prevention, one person dies every 34 seconds in the United States from cardiovascular disease. Further, around 697,000 people in the United States died from heart disease in 2020.

Our in-depth analysis of the global sterile medical packaging market includes the following segments:

         By Type

  • Thermoformed Trays
  • Clamshell
  • IV Containers & Bags
  • Sterile Lid
  • Pouches
  • Die-cut Baker Cards
  • Guided Wire Hoops
  • Sterile Wraps
  • Others

        By Material

  • Plastic
  • Paper
  • Foil
  • Non-woven
  • Foam Sheets

        By Application

  • Medical Disposable Supplies
  • Surgical Preparation Kits
  • Sutures & Catheters
  • Pre Packaged Medical Supplies
  • Medical Equipment
  • Cardiovascular
  • Neurovascular
  • Endoscopic
  • Orthopedic
  • Ophthalmology
  • Injection System
  • Electrosurgical Accessories
  • Others

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Sterile Medical Packaging Industry - Regional Synopsis

Regionally, the global sterile medical packaging market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2033. The market in the region is primarily driven by the high expenditure on healthcare. Centers for Medicare & Medicaid Services, stated that the national health expenditure 9.7% to USD 4.1 trillion in 2020, or USD 12,530 per person. This accounted for 19.7% of Gross Domestic Product (GDP). Further, the burden of chronic diseases and the deaths occurred by it is an another factor for the expansion of life care solution services. The recent study of 2022, stated that 6 in 10 adults in the U.S. have a chronic disease and chronic disease is the leading driver of the nation’s 4.1 trillion dollars.

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Companies Dominating the Sterile Medical Packaging Landscape

top-features-companies
    • DuPont de Nemours, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Amcor Group GmbH
    • 3M
    • West Pharmaceutical Services, Inc.
    • Sonoco Products Company
    • Placon Corporation
    • Nelipak Corporation
    • Wipak Group
    • Tekni-Plex, Inc.
    • BillerudKorsnäs AB

In the News

  • DuPont de Nemours, Inc. along with Technipaq Inc. and Freepoint Eco-Systems has partnered to promote sustainability and reduce and recycle medical packaging plastic waste.

  • Amcor Group GmbH  has launched ACT2100 heat seal coating for medical grade DuPont Tyvek 2 and other paper packaging applications. This effective coating technology is expected to deliver enhanced performance features for healthcare applications.

Author Credits:  Abhishek Anil


  • Report ID: 4285
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The rising cases of chronic diseases along with large pool of patients and prevalence of unhealthy lifestyle is expected to drive the market growth in the forecast period.

The market is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2023-2033.

The extra needed medical packaging integrity along with the rising number of stringent regulations and low awareness about sterile medical packaging are expected to hamper the market growth.

The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are DuPont de Nemours, Inc., Amcor Group GmbH, 3M, West Pharmaceutical Services, Inc., Sonoco Products Company, Placon Corporation, Nelipak Corporation, Wipak Group, Tekni-Plex, Inc., BillerudKorsnäs AB, and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, material, application, and by region.

The cardiovascular segment under medical equipment segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Sterile Medical Packaging Market Report Scope
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