Sterile Medical Packaging Market to Register CAGR worth 7.5% during 2022-2029; SteriPack Acquires Morristown based HS Design Inc. to Boost Growth

The global sterile medical packaging market size was valued at USD 39.79 billion in 2021. The market is projected to grow from USD 44.29 billion in 2022 to USD 73.67 billion by 2029, exhibiting a CAGR of 7.5% during the forecast period. This information is published by Fortune Business Insights, in its report, titled, “Sterile Medical Packaging Market Size, Share & COVID-19 Impact Analysis, By Material (Plastics, Glass, Metal, Paper & Paperboard, Others), By Type (Thermoform, Trays, Sterile Bottles & Containers, Sterile Closures, Pre-Fillable Inhalers, Pre-Fillable Syringes, Vials & Ampoules, Blister & Clamshells, Bags & Pouches, Wraps, Others), By Sterilization Method (Chemical Sterilization, Radiation Sterilization, High Temperature/Pressure Sterilization), By Application (Pharmaceutical & Biological, Surgical & Medical Instruments, In-vitro Diagnostic Products, Medical Implants, Others), and Regional Forecast, 2022-2029.”

Bolstering Demand for Healthcare Products amid COVID-19 to Stimulate Growth

The healthcare industry has been promptly surging on account of the COVID-19 pandemic outbreak. The nervousness and panic concerning the coronavirus have made people more aware of health & security, which has encouraged the healthcare industry to survey the novel government guidelines and norms about hygiene meticulously.

West Unveils Novel Product Invention at Pharmapack 2020

West Pharmaceutical Services, Inc., a global pioneer in ground-breaking solutions for injectable drug administration, declared that it would present numerous novel and original pharmaceutical containment and conclusion offerings at Pharmapack, based in Paris, France. The company extends its inventions to global consumers and their patients with the unveiling of two AccelTRA component line expansions of next-generation layered stoppers; a Flip-Off Seal container closure system (CCS) suitable with the 5mL Daikyo Crystal Zenith vial; and the all novel Ready Pack system with SCHOTT’s adaptiQ platform, leading from West’s current collaborative development with the pioneering packaging dealer.

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https://www.fortunebusinessinsights.com/sterile-medical-packaging-market-102798

Boosting Embracement of Single-usage Medical Equipment to Foster Growth

The increasing circumstances of contagious ailments such as cold, flu, coronavirus, tuberculosis, and SARS have resulted in an augmentation in demand for single-use medical equipment or gear. These tools comprise syringes, bandages, applicators, suction catheters, needles, face masks, gloves, testing kits, as well as surgical sponges. As these tools are used a single time, they avert the spreading of germs or infections from one person to another. The packaging utilized for such gears requires to be extremely proficient in preserving their sterility.

Competitive Landscape:

Procurements Commenced by Key Corporations to Endorse Market Growth

The pioneering companies in the market of sterile medical packaging continually choose to apply proficient tactics to boost their brand value and stimulate the sterile medical packaging market growth with facing the least potential hindrances. One such resourceful strategy is purchasing competitive companies and safeguarding a profit for both engaged firms.

Key Industry Development:

• February 2021: SteriPack purchased Morristown-based HS Design Inc., which is a healthcare design production company. This procurement shall assist both the firms to develop and deliver flexible medical packaging design, contract production solutions, and integration services for product lifecycle administration.

List of Key Players Mentioned in the Report:

• Amcor Plc (Switzerland)


• Placon (U.S.)


• DuPont (U.S.)


• Steripack Ltd. (Ireland)


• Wipak Group (Finland)


• Nelipak Healthcare (U.S.)


• Tekni-Plex (U.S.)


• Sonoco (U.S.)


• BillerudKorsnäs AB (Sweden)


• ProAmpac (U.S.)


• West Pharmaceutical Services, Inc. (U.S.)


• Riverside Medical Packaging Company Ltd (U.K.)


• Oliver Healthcare Packaging (U.S.)


• GS Medical Packaging (Canada)


• Orchid (U.S.)


• Technipaq Inc. (U.S.)

Further Report Findings:

Based on material, the market is segmented into plastics, glass, metal, paper & paperboard, and others. Plastic is the largest and fastest-growing raw material used in the production of sterile medical packaging. It held the largest segment share in 2021.

North America holds the largest sterile medical packaging market share. The U.S. is the most significant contributor in this region. The growth in this region is attributed to the rising pharmaceutical industry and increasing consumer healthcare spending.

Table of Segmentation: