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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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
7% |
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Base Year Market Size (2022) |
USD 45 Billion |
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Forecast Year Market Size (2033) |
USD 65 Billion |
Growth Drivers
Challenges
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:
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By Type |
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By Material |
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By Application |
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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.
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: Sadaf Naaz, Mohd Shadab
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