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The mandates issues by the governments for regulating the packaging of medical equipment is another major factor responsible for the expansion of the sterile medical packaging market. Additionally, the rise in healthcare services demand coupled with exponential population is prognosticated to have a favorable impact on the proliferation of the market in the forthcoming years.
The global sterile medical packaging market growth has been projected to exhibit steady but constant growth over the forecast period 2016 to 2021. The growth of the healthcare industry is likely to reflect on the revenue accumulation of the market in the foreseeable future.
Segmentation
By type, the global sterile medical packaging market has been segmented into thermoform trays, flexible pouches, bottles and others.
By material, the sterile medical packaging market is segmented into glass, plastic, metal, and others.
By application, the global sterile medical packaging market has been segmented into surgical instruments, pharmaceuticals, and others.
By Sterilization method, the global COVID-19 Impact has been segmented into chemical, radiation, and others.
Regional Analysis:
The global sterile medical packaging market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is expected to hold a dominant share of the market in the forthcoming years. The growth of healthcare technology has led to the deployment of advanced medical equipment in the region. This, in turn, has been projected to accelerate the revenue creation for the market players. Other factors responsible for the development of the sterile medical packaging market in the region are government regulations, requirement of meeting hygiene standards, growth of the healthcare sector, etc. COVID-19 Impact
Asia Pacific is anticipated to exhibit the highest CAGR over the next couple of years. The rapid developments in the healthcare sector of the region are expected to lead the growth of the sterile medical packaging market in the region.
Competitive Dashboard:
Some of the major participants of the sterile medical packaging market are West Pharmaceutical Services, Inc., Oliver Tolas Healthcare Packaging, MULTIVAC Sepp HaggenmĂĽller SE & Co. KG, Orchid Chemicals & Pharmaceuticals Ltd., SteriPack Ltd., Selenium Medical, Wipak Walsrode GmbH & Co. KG, Riverside Medical Packaging Company Ltd., Placon Corporation, Oracle Packaging, Inc., Janco INC., DuPont De Nemours and Company, Bemis Company, Inc., and Amcor Limited.
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