Sterile Medical Packaging Market in US to grow by USD 3,763.05 million from 2022 to 2027|High healthcare expenditure on medical technologies to boost the market growth – Technavio

25 2 Sterile Medical Packaging Market in US to grow by USD 3,763.05 million from 2022 to 2027|High healthcare expenditure on medical technologies to boost the market growth - Technavio

NEW YORK, July 24, 2023 /PRNewswire/ — The US sterile medical packaging market size is estimated to increase by USD 3,763.05 million from 2022 to 2027. The market’s growth momentum will progress at a CAGR of 6.06% during the forecast period. Discover some insights on market size, historic period (2017 to 2021), and Forecast (2023 to 2027) before buying the full report –Request a sample report

Sterile Medical Packaging Market in US – Vendor Analysis

Vendor Landscape – The global sterile medical packaging market in us is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer sterile medical packaging in us in the market are 3M Co., Amcor Plc, Avient Corp., Berry Global Inc., Cardinal Health Inc., DuPont de Nemours Inc., DWK Life Sciences GmbH, Eagle Medical Inc., Janco Inc., Nelipak Corp., Oliver Healthcare Packaging Co., Orchid MPS Holdings LLC, Placon Corp., ProAmpac Holdings Inc, Sonoco Products Co., Steripack Group Ltd., Tekni Plex Inc., West Pharmaceutical Services Inc., Wipak Group, and Technipaq Inc. and others.

What’s New? –

  • Special coverage on the RussiaUkraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
  • Global competitiveness and key competitor positions
  • Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!

Vendor Offerings –

  • 3M Co: The company offers sterile medical packaging solutions such as 3M Steri-Dual sterilization packaging reel and 3M Attest instrument protectors.
  • Amcor Plc: The company offers sterile medical packaging solutions such as inert shield pharma laminates and SureForm forming films.
  •  Avient Corp: The company offers sterile medical packaging solutions for diagnostic kits, pharmaceuticals and nutraceuticals.
  • For details on the vendor and its offerings – Request a sample report

Sterile Medical Packaging Market In the US – Segmentation Assessment



Segment Overview

The sterile medical packaging market report in the US extensively covers market segmentation by material (plastic, glass, aluminum, and others) and product (thermoformed trays, blister packs, bottles, and others).

The market share growth by the plastic segment is significant during the forecast period. Some of the most commonly used plastic segments in sterile medical packaging applications are  HDPE polymer, PVC, followed by polyethylene (PE), PP, polystyrene (PS), and PET. Plastics are widely used in medical packaging, including bottles, clamshells, syringes, and pouches. Bottles are extensively available in different sizes, colors, and shapes and are manufactured from different resins. These are also manufactured with additives, including antioxidants, impact modifiers, lubricants, stabilizers, and plasticizers.  Hence, the high adoption of plastics in sterile medical packaging is expected to fuel the growth of this segment which in turn will drive the sterile medical packaging market growth in the US during the forecast period.

Sterile Medical Packaging Market in US  Market Dynamics



Leading Drivers – 

High healthcare expenditure on medical technologies drives the sterile medical packaging market growth in the US during the forecast period. Factors such as the aging population, growing public demand and advancement in medical technology, and penetration of the healthcare system are significantly contributing to the increasing healthcare costs. The emergence of technological advancement has improved the treatment methods of medical practitioners but at increasing healthcare costs. The rise in healthcare spending will fuel the launches of new medical technology in the market, which in turn will drive the demand for sterile medical packaging. The main advantage of sterile medical devices and instruments is that it helps medical professionals to prevent the spread of bacterial infections and diseases and minimize the risk of complications. Hence, such factors are expected to drive the sterile medical packaging market growth in the US during the forecast period.

Key Trends – 

The increasing focus on sustainable medical packaging is a primary trend shaping the sterile medical packaging market during the forecast period. There is a growing focus on sustainable medical packaging solutions among vendors in the sterile medical packaging market in the US. Several initiatives are undertaken by the vendors to replace plastic with biocompatible materials including recyclable boxes, compostable bags, and eco-friendly tubes. Several prominent companies, such as DuPont and Amcor are also supporting sustainable medical packaging. DuPont Tyvek by DuPont is a sterile sustainable packaging specifically designed for the healthcare industry. Some of the key advantages of  Tyvek include high compatibility with recycling technology, lightweight,  and less waste, fewer additives. Hence, such factors are expected to drive the sterile medical packaging market growth in the US during the forecast period.

Major challenges – 

Stringent regulations for pharmaceutical packaging are a major challenge hindering the sterile medical packaging market growth during the forecast period. Several stringent regulations and guidelines are enforced by the  Food and Drug Administration (FDA) for packaging materials, including primary and secondary packaging which are used to package pharmaceutical products in the United States. Primary packaging can be referred to as packaging which is in direct contact with medicinal products. Hence, as per the FDA regulation, the packaging must protect and be suitable for the product dosage form. Additionally, it is mandatory that products that are used for pharmaceutical primary packaging must be produced in a clean room environment that meets class 1,00,000 cleanliness standards. Hence, pharma companies are forced to adhere to such guidelines which can significantly hinder the sterile medical packaging market growth during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this Sterile Medical Packaging Market In US report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the sterile medical packaging market in the US between 2023 and 2027
  • Precise estimation of the sterile medical packaging market size in the US and its contribution to the market with a focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the sterile medical packaging market across the US
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of the sterile medical packaging market vendors in US

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Sterile Medical Packaging Market Scope in US

Report Coverage

Details

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.06%

Market growth 2023-2027

USD 3,763.05 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.37

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

3M Co., Amcor Plc, Avient Corp., Berry Global Inc., Cardinal Health Inc., DuPont de Nemours Inc., DWK Life Sciences GmbH, Eagle Medical Inc., Janco Inc., Nelipak Corp., Oliver Healthcare Packaging Co., Orchid MPS Holdings LLC, Placon Corp., ProAmpac Holdings Inc, Sonoco Products Co., Steripack Group Ltd., Tekni Plex Inc., West Pharmaceutical Services Inc., Wipak Group, and Technipaq Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market Segmentation by Material
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 07: Parent market
    • Exhibit 08: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 09: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 10: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 11: Chart on US – Market size and forecast 2022-2027 ($ million)
    • Exhibit 12: Data Table on US – Market size and forecast 2022-2027 ($ million)
    • Exhibit 13: Chart on US: Year-over-year growth 2022-2027 (%)
    • Exhibit 14: Data Table on US: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Sterile medical packaging market in US 2017 – 2021 
    • Exhibit 15: Historic Market Size – Data Table on Sterile medical packaging market in US 2017 – 2021 ($ million)
  • 4.2 Material Segment Analysis 2017 – 2021 
    • Exhibit 16: Historic Market Size – Material Segment 2017 – 2021 ($ million)
  • 4.3 Product Segment Analysis 2017 – 2021 
    • Exhibit 17: Historic Market Size – Product Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary
    • Exhibit 18: Five forces analysis – Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry
    • Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition
    • Exhibit 24: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Material

  • 6.1 Market segments
    • Exhibit 25: Chart on Material – Market share 2022-2027 (%)
    • Exhibit 26: Data Table on Material – Market share 2022-2027 (%)
  • 6.2 Comparison by Material 
    • Exhibit 27: Chart on Comparison by Material
    • Exhibit 28: Data Table on Comparison by Material
  • 6.3 Plastic – Market size and forecast 2022-2027 
    • Exhibit 29: Chart on Plastic – Market size and forecast 2022-2027 ($ million)
    • Exhibit 30: Data Table on Plastic – Market size and forecast 2022-2027 ($ million)
    • Exhibit 31: Chart on Plastic – Year-over-year growth 2022-2027 (%)
    • Exhibit 32: Data Table on Plastic – Year-over-year growth 2022-2027 (%)
  • 6.4 Glass – Market size and forecast 2022-2027 
    • Exhibit 33: Chart on Glass – Market size and forecast 2022-2027 ($ million)
    • Exhibit 34: Data Table on Glass – Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Chart on Glass – Year-over-year growth 2022-2027 (%)
    • Exhibit 36: Data Table on Glass – Year-over-year growth 2022-2027 (%)
  • 6.5 Aluminum – Market size and forecast 2022-2027 
    • Exhibit 37: Chart on Aluminum – Market size and forecast 2022-2027 ($ million)
    • Exhibit 38: Data Table on Aluminum – Market size and forecast 2022-2027 ($ million)
    • Exhibit 39: Chart on Aluminum – Year-over-year growth 2022-2027 (%)
    • Exhibit 40: Data Table on Aluminum – Year-over-year growth 2022-2027 (%)
  • 6.6 Others – Market size and forecast 2022-2027 
    • Exhibit 41: Chart on Others – Market size and forecast 2022-2027 ($ million)
    • Exhibit 42: Data Table on Others – Market size and forecast 2022-2027 ($ million)
    • Exhibit 43: Chart on Others – Year-over-year growth 2022-2027 (%)
    • Exhibit 44: Data Table on Others – Year-over-year growth 2022-2027 (%)
  • 6.7 Market opportunity by Material 
    • Exhibit 45: Market opportunity by Material ($ million)
    • Exhibit 46: Data Table on Market opportunity by Material ($ million)

7 Market Segmentation by Product

  • 7.1 Market segments
    • Exhibit 47: Chart on Product – Market share 2022-2027 (%)
    • Exhibit 48: Data Table on Product – Market share 2022-2027 (%)
  • 7.2 Comparison by Product 
    • Exhibit 49: Chart on Comparison by Product
    • Exhibit 50: Data Table on Comparison by Product
  • 7.3 Thermoformed trays – Market size and forecast 2022-2027 
    • Exhibit 51: Chart on Thermoformed trays – Market size and forecast 2022-2027 ($ million)
    • Exhibit 52: Data Table on Thermoformed trays – Market size and forecast 2022-2027 ($ million)
    • Exhibit 53: Chart on Thermoformed trays – Year-over-year growth 2022-2027 (%)
    • Exhibit 54: Data Table on Thermoformed trays – Year-over-year growth 2022-2027 (%)
  • 7.4 Blister packs – Market size and forecast 2022-2027 
    • Exhibit 55: Chart on Blister packs – Market size and forecast 2022-2027 ($ million)
    • Exhibit 56: Data Table on Blister packs – Market size and forecast 2022-2027 ($ million)
    • Exhibit 57: Chart on Blister packs – Year-over-year growth 2022-2027 (%)
    • Exhibit 58: Data Table on Blister packs – Year-over-year growth 2022-2027 (%)
  • 7.5 Bottles – Market size and forecast 2022-2027 
    • Exhibit 59: Chart on Bottles – Market size and forecast 2022-2027 ($ million)
    • Exhibit 60: Data Table on Bottles – Market size and forecast 2022-2027 ($ million)
    • Exhibit 61: Chart on Bottles – Year-over-year growth 2022-2027 (%)
    • Exhibit 62: Data Table on Bottles – Year-over-year growth 2022-2027 (%)
  • 7.6 Others – Market size and forecast 2022-2027 
    • Exhibit 63: Chart on Others – Market size and forecast 2022-2027 ($ million)
    • Exhibit 64: Data Table on Others – Market size and forecast 2022-2027 ($ million)
    • Exhibit 65: Chart on Others – Year-over-year growth 2022-2027 (%)
    • Exhibit 66: Data Table on Others – Year-over-year growth 2022-2027 (%)
  • 7.7 Market opportunity by Product 
    • Exhibit 67: Market opportunity by Product ($ million)
    • Exhibit 68: Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

  • 9.1 Market drivers
  • 9.2 Market challenges
  • 9.3 Impact of drivers and challenges 
    • Exhibit 70: Impact of drivers and challenges in 2022 and 2027
  • 9.4 Market trends

10 Vendor Landscape

  • 10.1 Overview
  • 10.2 Vendor landscape
    • Exhibit 71: Overview on Criticality of inputs and Factors of differentiation
  • 10.3 Landscape disruption
    • Exhibit 72: Overview on factors of disruption
  • 10.4 Industry risks
    • Exhibit 73: Impact of key risks on business

11 Vendor Analysis

  • 11.1 Vendors covered
    • Exhibit 74: Vendors covered
  • 11.2 Market positioning of vendors 
    • Exhibit 75: Matrix on vendor position and classification
  • 11.3 3M Co.
    • Exhibit 76: 3M Co. – Overview
    • Exhibit 77: 3M Co. – Business segments
    • Exhibit 78: 3M Co. – Key news
    • Exhibit 79: 3M Co. – Key offerings
    • Exhibit 80: 3M Co. – Segment focus
  • 11.4 Amcor Plc
    • Exhibit 81: Amcor Plc – Overview
    • Exhibit 82: Amcor Plc – Business segments
    • Exhibit 83: Amcor Plc – Key news
    • Exhibit 84: Amcor Plc – Key offerings
    • Exhibit 85: Amcor Plc – Segment focus
  • 11.5 Avient Corp.
    • Exhibit 86: Avient Corp. – Overview
    • Exhibit 87: Avient Corp. – Business segments
    • Exhibit 88: Avient Corp. – Key offerings
    • Exhibit 89: Avient Corp. – Segment focus
  • 11.6 Berry Global Inc.
    • Exhibit 90: Berry Global Inc. – Overview
    • Exhibit 91: Berry Global Inc. – Business segments
    • Exhibit 92: Berry Global Inc. – Key news
    • Exhibit 93: Berry Global Inc. – Key offerings
    • Exhibit 94: Berry Global Inc. – Segment focus
  • 11.7 Cardinal Health Inc.
    • Exhibit 95: Cardinal Health Inc. – Overview
    • Exhibit 96: Cardinal Health Inc. – Business segments
    • Exhibit 97: Cardinal Health Inc. – Key news
    • Exhibit 98: Cardinal Health Inc. – Key offerings
    • Exhibit 99: Cardinal Health Inc. – Segment focus
  • 11.8 DuPont de Nemours Inc. 
    • Exhibit 100: DuPont de Nemours Inc. – Overview
    • Exhibit 101: DuPont de Nemours Inc. – Business segments
    • Exhibit 102: DuPont de Nemours Inc. – Key news
    • Exhibit 103: DuPont de Nemours Inc. – Key offerings
    • Exhibit 104: DuPont de Nemours Inc. – Segment focus
  • 11.9 Janco Inc.
    • Exhibit 105: Janco Inc. – Overview
    • Exhibit 106: Janco Inc. – Product / Service
    • Exhibit 107: Janco Inc. – Key offerings
  • 11.10 Nelipak Corp.
    • Exhibit 108: Nelipak Corp. – Overview
    • Exhibit 109: Nelipak Corp. – Product / Service
    • Exhibit 110: Nelipak Corp. – Key offerings
  • 11.11 Oliver Healthcare Packaging Co. 
    • Exhibit 111: Oliver Healthcare Packaging Co. – Overview
    • Exhibit 112: Oliver Healthcare Packaging Co. – Product / Service
    • Exhibit 113: Oliver Healthcare Packaging Co. – Key offerings
  • 11.12 Orchid MPS Holdings LLC 
    • Exhibit 114: Orchid MPS Holdings LLC – Overview
    • Exhibit 115: Orchid MPS Holdings LLC – Product / Service
    • Exhibit 116: Orchid MPS Holdings LLC – Key offerings
  • 11.13 Placon Corp.
    • Exhibit 117: Placon Corp. – Overview
    • Exhibit 118: Placon Corp. – Product / Service
    • Exhibit 119: Placon Corp. – Key offerings
  • 11.14 Sonoco Products Co.
    • Exhibit 120: Sonoco Products Co. – Overview
    • Exhibit 121: Sonoco Products Co. – Business segments
    • Exhibit 122: Sonoco Products Co. – Key offerings
    • Exhibit 123: Sonoco Products Co. – Segment focus
  • 11.15 Steripack Group Ltd.
    • Exhibit 124: Steripack Group Ltd. – Overview
    • Exhibit 125: Steripack Group Ltd. – Product / Service
    • Exhibit 126: Steripack Group Ltd. – Key offerings
  • 11.16 West Pharmaceutical Services Inc. 
    • Exhibit 127: West Pharmaceutical Services Inc. – Overview
    • Exhibit 128: West Pharmaceutical Services Inc. – Business segments
    • Exhibit 129: West Pharmaceutical Services Inc. – Key news
    • Exhibit 130: West Pharmaceutical Services Inc. – Key offerings
    • Exhibit 131: West Pharmaceutical Services Inc. – Segment focus
  • 11.17 Wipak Group
    • Exhibit 132: Wipak Group – Overview
    • Exhibit 133: Wipak Group – Business segments
    • Exhibit 134: Wipak Group – Key offerings
    • Exhibit 135: Wipak Group – Segment focus

12 Appendix

  • 12.1 Scope of the report
  • 12.2 Inclusions and exclusions checklist 
    • Exhibit 136: Inclusions checklist
    • Exhibit 137: Exclusions checklist
  • 12.3 Currency conversion rates for US$ 
    • Exhibit 138: Currency conversion rates for US$
  • 12.4 Research methodology
    • Exhibit 139: Research methodology
    • Exhibit 140: Validation techniques employed for market sizing
    • Exhibit 141: Information sources
  • 12.5 List of abbreviations 
    • Exhibit 142: List of abbreviations

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