Research Nester

Key Companies Covered in the Global Sterile Medical Packaging Market Research Report by Research Nester are DuPont de Nemours, Inc., Amcor plc, 3M, West Pharmaceutical Services, Inc., Sonoco Products Company, Placon, Nelipak Corporation, Wipak Group, Tekni-Plex, Inc., BillerudKorsns AB and other key market players.

New York, Oct. 18, 2022 (GLOBE NEWSWIRE) -- Research Nester has published a detailed market report on Global Sterile Medical Packaging Market for the forecast period, i.e. 2023 2033 which includes the following factors:

Market growth over the forecast period

Detailed regional synopsis

Market segmentation

Growth drivers

Challenges

Key market players and their detailed profiling

Global Sterile Medical Packaging Market Size:

The global sterile medical packaging market garnered a revenue of around USD 45 billion in 2022 and it is expected to garner a revenue of USD 65 billion at the end of 2033. market is growing at a CAGR of ~7% over the forecast period, i.e., 2023 2033. The market growth is primarily propelled by growing lifestyle disorder diseases. People has inclined towards life with less activity, constant work, no exercise and incessant eating of junk which causes them develop lifestyle-disorder related diseases including obesity, arteriosclerosis, high blood pressure, diabetes, cancer and others. According to the World Health Organization, nearly 40 million children of the age 5 or under are living with obesity in 2020. Moreover, Nearly 10% of the population, or 460 million individuals, were estimated to have diabetes in 2019, and that number is expected to rise steadily to 11%, or 700 million people, by 2030. Market growth is also driven by augmentation of healthcare sector. With the rising number of patients all over the world has prompted the expansion of healthcare sector and this expansion was further influenced by onset of COVID-19. The pandemic has drawn more focus in the healthcare sector. The user penetration in healthcare sector was around 14% in 2022 and it is expected to rise to approximately 18% by the end of 2025.

Story continues

Get a Sample PDF Brochure: https://www.researchnester.com/sample-request-4285

Global Sterile Medical Packaging Market: Key Takeaways

North America region gains the largest portion of the revenue

Medical equipment segment to dominate the revenue graph

Plastic sub-segment remains prominent in the material segment

Growing Prevalence of Cardiovascular Issues and Healthcare Spending is to Elevate the Market Growth

The global sterile medical packaging market growth is ascribed to higher prevalence of cardiovascular problems. Consumption of foods, high in saturated fats, salt, cholesterol followed by not getting enough physical activity deeply affects cardiovascular system. According to the World Health Organization, every year nearly 18% people are succumbed to death by cardiovascular disease and it is also known as a primary reason for most of the deaths worldwide. Furthermore, market is expected to grow on the account of higher investment in health infrastructure. In 2019, global health spending amounted to 9.83% of GDP, according to data given by the World Bank. This represents an increase from 2017, when global health spending made up 9.77% of the entire GDP.

For more information in the analysis of this report, visit: https://www.researchnester.com/reports/sterile-medical-packaging-market/4285

Global Sterile Medical Packaging Market: Regional Overview

The global sterile medical packaging market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa region.

Healthcare Spending and Burden of Chronic Disease is to Boost the Market Growth

The market growth in the North America is to garner the highest revenue by the end of 2033. The regions market growth is attributed to growing expenditure on the healthcare sector in the North America. According to the Centers for Medicare & Medicaid Services, national health spending has increased by 9.7% to USD 4.1 trillion (or USD 12,530 per person) in 2020. This represented 19.7% of the national gross domestic product (GDP). The market growth in North America is also influenced by growing burden of chronic disease on the region. In the United States, every 6 in 10 adult had a chronic disease and it is responsible for about 4.1 trillion-dollar expenditure in the region.

Asia Pacifics Market is Expected to Elevate by Rise in Health Expenditure and Cases of Chronic Disease

The market growth in the Asia Pacific region is expected to be propelled by rise in expenditure in the health sector. For instance, by 2030, the health expenditure is to increase by five fold since 2015 which was nearly USD 20 trillion. In Singapore, the elderly healthcare expenditure is anticipated to rise 10 times and to be valued at USD 49 billion in 2030. Moreover, according to the World Bank statistics, the East Asia & Pacifics total health expenditure holds the 6.67% of the total GDP of the region. Apart from this, the rise in number patients living with chronic disease is expected to boost the market growth in the Asia-Pacific region. It is estimated, around 9 million deaths in the region is attributed to chronic disease in Asia.

Get a Sample PDF of Sterile Medical Packaging Market Report@ https://www.researchnester.com/sample-request-4285

The study further incorporates Y-O-Y growth, demand & supply and forecast future opportunity in:

North America (U.S., Canada)

Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe)

Latin America (Brazil, Mexico, Argentina, Rest of Latin America)

Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific)

Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Global Sterile Medical Packaging Market, Segmentation by Type

Thermoformed Trays

Clamshell

IV Containers & Bags

Sterile Lid

Pouches

Die-Cut Baker Cards

Guided Wire Hoops

Sterile Wraps

Others

Global Sterile Medical Packaging Market, Segmentation by Material

Plastic

Paper

Foil

Non-woven

Foam Sheets

By material, the plastic segment is to garner the highest revenue by the end of 2033. Plastic makes an ideal material to sterile the equipment and restrict contamination. Plastic packaging in medical sector are used in medical dispensers, intravenous bags, serum vials, prescription bottles and other. Most of the single-use medical supplies used in hospitals and clinics are packages in plastics. About 20% of the weight of all pharmaceutical packaging is made up of plastic.

For more insights on the market share of various regions: https://www.researchnester.com/sample-request-4285

Global Sterile Medical Packaging Market, Segmentation by Application

On the basis of application, the medical equipment segment is to generate the highest market revenue by growing at a significant CAGR over the forecast period. The medical equipment segment is ascribed to grow by rising demand of medical equipment for various medical issues which in turn is prompted by rise in number of patient suffering with neurovascular, orthopaedic, cardiovascular issues and others. In 2019, there were around 178 million new fracture cases and 455 million cases of long-term fracture symptoms. Moreover, according to the World Health Organization, nearly 32% of deaths worldwide are caused by cardiovascular diseases. About 85% of these fatalities were attributable to heart attacks and strokes. Additionally, in 2022, there were about 25,000 brand-new cases of brain and nervous system cancer.

Few of the well-known market leaders in the global sterile medical packaging market that are profiled by Research Nester are DuPont de Nemours, Inc., Amcor plc, 3M, West Pharmaceutical Services, Inc., Sonoco Products Company, Placon, Nelipak Corporation, Wipak Group, Tekni-Plex, Inc., BillerudKorsns AB and others.

Do You Have Any Query Or Specific Requirement?

Submit Request for Proposal

Recent Developments in the Global Sterile Medical Packaging Market

September 2021, DuPont de Nemours, Inc. announced the partnership with Technipaq Partners and recycling partner Freepoint Eco-Systems. This partnership aims to accelerate the recycling and sustainable efforts of the company. All three companies merge to design a waste free healthcare packaging manufacturing environment.

June 2021, Amcor Group GmbH announced the launch of ACT2100, its a heat seal coating healthcare packaging for medical grade DuPont Tyvek 2 and paper packaging application. This advanced coating technology has designed to amplify the performance characteristics for healthcare applications. The product is to be delivered in different location across the world, in order to provide facilitation to the customer to access the products from their nearest location for the manufacturing and packaging of their devices.

Explore Our Recent Related Reports:

Aluminum Foil Packaging Market Analysis by Product (Blisters, Containers, Foil Wraps, Pouches, and Others); by Packaging Type (Flexible, Rigid, Semi-Rigid, and Others); and by End-User Industry (Cosmetics, Food & Beverage, Pharmaceutical, and Others) Global Supply & Demand Analysis & Opportunity Outlook 2023-2033Aseptic Paper Packaging Market Analysis by Packaging Type (Bags & Pouches, Bottles, Cans, Cartons, and Others); by Materials (Paper & Paperboard, Glass, Metal, Plastics, and Others); and by End-User Industry (Food & Beverages, Pharmaceuticals, Chemicals, and Others) Global Supply & Demand Analysis & Opportunity Outlook 2023-2033Barrier Coated Flexible Paper Packaging Market Analysis by Coating (Water-Based, Solvent-Based, Wax, and Extrusion Coating); by Application {Packaging (Cups, Trays, Bags & Pouches, and Labels) and Printing}; and by End-User Industry (Food & Beverage, Building & Construction, Cosmetics, Pharmaceuticals, and Others) Global Supply & Demand Analysis & Opportunity Outlook 2023-2033Beverage Packaging Market Analysis by Packaging Type (Can, Carton, Bottles Jars, Pouches, and Others); by Material (Glass, Metal, Plastic, and Others); and by Product Type (Dairy, Alcoholic, and Non-Alcoholic Beverage) Global Supply & Demand Analysis & Opportunity Outlook 2023-2033Blister Packaging Equipment Market Analysis by Type (Carded and Clamshell); by Equipment Type (Shuttle Blister, Rotary Blister, and Inline Filler); by Technology (Cold Forming and Thermoforming); by Material (Plastic, Aluminum, and Paper & Paperboard); and by End-User (Food & Beverage, Healthcare, Cosmetics, Pharmaceuticals, and Others) Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

About Research Nester

Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.

Contact for more Info:AJ DanielEmail:info@researchnester.comU.S. Phone: +1 646 586 9123U.K. Phone: +44 203 608 5919

For More Update Follow: -LinkedIn|Twitter|Facebook|Xing

Original post:

Sterile Medical Packaging Market Size is Expected to Reach Around USD 65 Billion by 2033; Rising Cases of Lifestyle Disorder Disease and...