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Sterile Medical Packaging Market 2018 Size, Global Industry Analysis, Segments, Major Geographies and Forecast to 2023

Sterile Medical Packaging Market Research Report 2018 published By Market Research Future, provides information on Global Sterile Medical Packaging Market By Industry Analysis, Market Growth and Opportunity Assessment, Segmentation - by Type (Thermoform trays, Flexible pouches, Bottles and others) by Material (Glass, Plastic, Metal, and others) by End Use (Surgical instruments, Pharmaceuticals, and others) by Sterilization methods (Chemical, Radiation, and others) and Region.

 

Pune, India -- (SBWIRE) -- 06/21/2018 -- Sterile Medical Packaging Market is growing rapidly. The increase in population and favorable changes in healthcare policies by the governments are the key drivers of the growth of sterile medical packaging market. This is backed by the increased R&D investments by the companies and increased awareness for healthcare risks which has induced the healthcare requirements and resulted in the growth of the Global Sterile Medical Packaging Market.

Key Players

Orchid Chemicals & Pharmaceuticals Ltd., West Pharmaceutical Services, Inc., MULTIVAC Sepp Haggenmüller SE & Co. KG, SteriPack Ltd., Riverside Medical Packaging Company Ltd., Selenium Medical, Wipak Walsrode GmbH & Co. KG, Placon Corporation, DuPont De Nemours and Company, Oracle Packaging, Inc., Janco INC., Bemis Company, Inc., Oliver Tolas Healthcare Packaging, and Amcor Limited are some of the prominent players at the forefront of competition in the global sterile medical market and are profiled in MRFR Analysis.

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Global Sterile Medical Market - Competitive Analysis

The major market players adopted various strategies to retain and/or expand their market share. Key strategies followed by most companies within the global Sterile Medical market were new product development.

The major players operating in this market, to have adopted these strategies are E. I. du Pont de Nemours and Company (U.S.), Multisorb Technologies (U.S.), Sanner GmbH (Germany), CSP Technologies, Inc (U.S.), Capitol Scientific, Inc (U.S.), Desiccare, Inc (U.S.), W. R. Grace & Co (U.S.), Desican Inc (U.S.), Clariant Global (Switzerland), Oker-Chemie GmbH (Germany) and others. This strategy is widely adopted to increase the number of offerings to the customer. New innovations in the technology of manufacturing desiccants also lead to new product developments.

In September 2017, DuPont Protection Solutions announced the introduction of DuPont Tyvek 40L, a new class of Tyvek for medical packaging applications that provides a cost-effective option for protecting lightweight, low-risk devices. This economical alternative to high-end medical papers was unveiled today at MEDTEC 2017 in Shanghai, China, where DuPont was also continuing its year-long celebration of the 50th anniversary of Tyvek. Commercial sales of Tyvek 40L will begin now in China and there are plans for global availability in late 2018.

CSP Technologies, Inc., a leading designing and packaging solution provider that ensure product protection, enhance brand recognition and improve consumer experiences is expanding its Auburn, Alabama manufacturing and warehousing capacity by 110,000 square feet. Construction of the new structure located adjacent to the existing headquarters is currently underway. During this same timeframe, the company added clean room manufacturing and high cavitation stack cube molding with in-mold process capabilities to increase manufacturing efficiency to its Neiderbronn-les-Bains plant in France. Both the US and France operations will be ISO 13485:2016 certified for medical device manufacturing and assembly. The clean room installation also provides the necessary infrastructure as CSP prepares to manufacture dry powder inhalers and other medical devices in the near future.

R. Grace & Co. announced that it has agreed in principle to acquire Schurpack, Inc., a manufacturer of flexible food packaging located in St. Joseph, Mo. Terms were not disclosed. The transaction is subject to various conditions, including Grace board approval, and is expected to close in the second quarter. Schurpack, a unit of the Schur group, had 1996 sales of approximately $20 million. It is a leading supplier of plastic laminate packaging materials for the institutional and retail cook-in market segment. Cook-in foods are specially packaged meats and entrees that minimize preparation time for food service operations and supermarkets while increasing shelf life and delivering the highest product yield during the cooking process.

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Segments

Global Sterile Medical Packaging Market is segmented on the basis of Type, Material, Application, Sterilization methods and Region. One the basis of Type it is segmented as Thermoform trays, Flexible pouches, Bottles and others. On the basis of Material it is segmented as glass, plastic, metal, and others. On the basis of Application it is segmented as surgical instruments, pharmaceuticals and others. On the basis of Sterilization methods it is segmented as Chemical, Radiation and others. Additionally on the basis of Region, it is segmented as North America, Europe, APAC and Rest of the World.

Global Sterile Medical Market - Regional Analysis

The growing market of Europe, is expected to witness slow growth throughout the forecast period. The adoption of medical packaging in countries such as Poland, Turkey, and Romania offers significant growth prospects for the sterile medical packaging market in the region.

The South America's and Middle East markets are expected to register steady growth through the forecast period for sterile medical packaging.

The Asia-Pacific region held the largest share in 2016, and is projected to be the fastest-growing region market in coming time. This is mainly due to emerging economies in China and India, backed by the rising consumer spending power and the growing middle-class population.

Scope Of Report

The report for Global Sterile Medical Packaging Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market.

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