Growing Demand from Medical Sector to Steer Growth of Global Sterile Medical Packaging Market during 2016-2024: Transparency Market Research

Albany, NY, July 14, 2016 (GLOBE NEWSWIRE) -- A recent report on the global sterile medical packaging market by Transparency Market Research presents an overview of the market and analyzes the key factors impacting the growth of the market. The report, titled “Sterile Medical Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024,” studies this market on the basis of applications and regions. The competitive landscape of the global sterile medical packaging market has been also described in the report.

Among several advanced packaging techniques, sterile medical packaging has emerged as one of the most preferred techniques to prevent surgical instruments and medical devices from getting contaminated. Hence, in the healthcare sector, sterile medical packaging is being preferred over otherpackaging methods.

The report identifies that the rise in population worldwide, growing awareness about infection control, and government support in form of favorable healthcare policies have propelled the growth of the global sterile medical packaging market. However, the sustainability of the market relies on the supply and price of raw materials such as crude oil. The volatility in the prices of the raw materials limit the market’s growth during the forecast horizon.

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In terms of application, the report segments the global sterile medical packaging market into hospital sterilization packaging and medical packaging. The hospital sterilization packaging segment has been further divided into sealing machines, chemical indicators and tapes, nonwoven and paper wraps, and preformed pouches and reels. On the other hand, medical packaging has been divided into IV and blood therapy packaging, catheter packaging, drape and gown packaging, wound care packaging, urinary and drainage packaging, and renal therapy packaging. The report analyzes the demand for sterile medical packaging across each of the application segments during the forecast horizon.

The report studies the global sterile medical packaging market across Latin America, North America, Eastern Europe, Western Europe, the Middle East & Africa, and Asia Pacific. Owing to the favorable regulations implemented by the U.S. Food & Drug Administration, North America has emerged as the largest region in the market. In terms of demand, Western Europe and Asia Pacific closely follow North America. In Asia Pacific, the robust growth of the healthcare sector and increased spending capacity of consumers are anticipated to support the regional sterile medical packaging market.

Some of the major players in the global sterile medical packaging market are Multivac, Orchid, WIPAK, Selenium Medical, SBA, DuPont, Bemis Healthcare Packaging, JANCO Inc., Oliver Tolas Healthcare Packaging, Sealed Air Medical Applications, and others. The report profiles these companies on the basis of attributes such as revenue, product portfolio, and recent developments. The market players are investing in research for the development of sustainable sterile medical packaging materials.

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Source:Transparency Market Research