Sterile Medical Packaging Market in US 2019-2023

The market size for sterile medical packaging market in the US will grow by USD 1.44 billion during 2019-2023. This report offers an analysis of the market based on material (plastic, glass, aluminum, and others) and product (bottles, blister packs, thermoformed trays, and others). The report analyzes the market’s competitive landscape and offers information on several companies including Amcor, Baxter, Bemis Company, Cardinal Health, and DowDuPont.

Below are some of the key findings from the sterile medical packaging market in US analysis:

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Sterile Medical Packaging in US Industry Overview

There is an increase in the demand for apparatuses, equipment, implants, articles, and medical instruments in the US. This results in an increased demand for sterile medical packaging. The growth in the US medical devices industry is one of the critical reasons that will drive the market growth of the sterile medical packaging market in US. The US government is focusing on increasing the accessibility and affordability of medical devices and implant surgeries by funding about two-thirds of the total healthcare expenditure. Also, the number of medical device companies that provide affordable treatment options and alternative medical treatment is increasing. All these factors will boost the demand for medical packaging in the US.

The region is a crucial exporter of medical goods, especially advanced medical devices and sterile medical instruments. This will also lead to an increase in demand for medical packaging which is projected to grow at a CAGR of over 5% during the forecast period.

Developing countries such as Brazil, China, and India lack access to advanced healthcare technologies, which compels them to import medical devices with proper packaging from the US. The growth opportunities of US-based sterile medical package manufacturers are also increasing with the growing demand for medicines from these developing countries.

Top sterile medical packaging in US companies covered in this market research report

The sterile medical packaging market in the US is highly fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this sterile medical packaging in US industry analysis report will allow clients to identify new growth opportunities and design innovative strategies to improve their share in the market.

The report offers a complete analysis of various companies including:

• Amcor
• Baxter
• Bemis Company
• Cardinal Health
• DowDuPont

Sterile medical packaging in US market segmentation based on material

• Plastic
• Glass
• Aluminum

The plastic segment will account for the highest market share in the sterile medical packaging market in US due to the versatility, low-cost, and long shelf-life of plastic. This segment includes flexible and hard plastic packaging. It is the most popular choice for sterile medical packaging as it meets aesthetic demands and offers a wide degree of machinability and barrier protection.

Sterile medical packaging in US market segmentation based on product

• Bottles
• Blister packs
• Thermoformed trays

Sterile medical bottles are commonly used for packaging liquid drugs, capsules, and tablets. The bottles segment will account for the highest market share in the sterile medical packaging market in US. The use of brown sterile bottles prevents the decomposition of certain chemical substances by ultraviolet light.

Key highlights of the sterile medical packaging market in US for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the sterile medical packaging market in US during the next five years
• Precise estimation of the market size for sterile medical packaging market in US and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of multivariable transmitters companies

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