Market Overview:
The global radiation sterilized medical packaging market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for radiation sterilized medical packaging from the pharmaceutical and biological industry, rising prevalence of chronic diseases, and technological advancements in the field of radiation sterilization. Based on type, the global radiation sterilized medical packaging market is segmented into thermoform trays, sterile bottles & containers, vials & ampoules, pre-fillable inhalers, sterile closures, pre-filled syringes Blister & clamshells bags & pouches wraps ). Among these segments,, thermoform trays are expected to witness highest growth during the forecast period owing to their growing demand from pharmaceutical and biological industry. Based on application,,the global radiation sterilized medical packaging market is segmented into pharmaceuticals products surgical instruments in vitro diagnostic products (IVDs) implants ). Pharmaceutical productsegment dominates this market with highest share due high adoption rate across different regions followed by surgical instruments segment.
Product Definition:
Radiation Sterilized Medical Packaging is a medical packaging that has been sterilized by irradiation. The importance of Radiation Sterilized Medical Packaging is that it helps to prevent the spread of infection and illness.
Thermoform Trays:
Thermoform trays are made of thin sheets of polyethylene and aluminum, which are then heated to a temperature that can withstand the sterilization process. The most commonly used method for sterilizing these products is through radiation because it provides effective results in minimum time.
The global thermoform trays market size was estimated at USD 1,067.7 million in 2016.
Sterile Bottles & Containers:
Sterile bottles and containers are used for packaging products that require aseptic conditions during transportation and storage. These bottles & containers are made from glass, plastic or metal alloys. They come in different sizes, shapes and designs to serve the specific requirements of customers. The design of these products depends on the type of drugs or medical devices stored inside it. It can be single-use or multi-use depending on the application requirement.
Application Insights:
Based on application, the market is segmented into pharmaceutical and biological, surgical and medical instruments, in vitro diagnostic products, medical implants and others. Pharmaceutical and biological applications dominated the overall market with a share of over 60% in 2017. This is attributed to extensive usage of packaged drugs for various treatments across all these applications.
The surgical & medical instrument segment is expected to exhibit significant growth over the forecast period owing to increasing demand for radiation sterilized instruments from several end-use industries such as healthcare institutions, clinics/hospitals etc. The growing importance of patient safety has led to increased adoption of these products by healthcare professionals across the globe which consequently drives product demand globally every day.
Regional Analysis:
North America dominated the global radiation sterilized medical packaging market in 2017. This can be attributed to factors such as increasing R&D investments by pharmaceutical and biotechnology companies, rising prevalence of chronic diseases, and growing healthcare expenditure in the region. In addition, favorable reimbursement policies for medical products are also expected to drive demand over the forecast period.
Asia Pacific is expected to grow at a lucrative rate during the forecast period owing to factors such as improving healthcare infrastructure and economic development in emerging countries like China & India that has resulted into increased adoption of advanced technologies including radiation sterilization process for medical devices packaging. Moreover, these countries have witnessed an increase in product launches due to which there is high potential for new players looking forward invest or partner with local manufacturers thus creating growth opportunities for this regional segment over next eight years (2030).
Growth Factors:
- Increasing demand for radiation sterilized medical packaging from the healthcare sector
- Rising awareness about the benefits of using radiation sterilized medical packaging
- Technological advancements in radiation sterilization processes
- Growing number of regulatory approvals for radiation sterilized medical packaging products
- Rising demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Radiation Sterilized Medical Packaging Market Research Report
By Type
Thermoform Trays, Sterile Bottles & Containers, Vials & Ampoules, Pre-Fillable Inhalers, Sterile Closures, Pre-Filled Syringes, Blister & Clamshells, Bags & Pouches, Wraps
By Application
Pharmaceutical & Biological, Surgical & Medical Instruments, In Vitro Diagnostic Products, Medical Implants
By Companies
Amcor Limited (Australia), M Company (US), E. I. du Pont de Nemours and Company (US), Amcor, West Pharmaceutical Services, Inc. (US), SteriPack Ltd. (Ireland), Wipak Group (Germany), Placon Corporation (US), Riverside Medical Packaging Company Ltd. (U.K.), Oracle Packaging, Inc. (US), Amcor Limited (Australia)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Radiation Sterilized Medical Packaging Market Report Segments:
The global Radiation Sterilized Medical Packaging market is segmented on the basis of:
Types
Thermoform Trays, Sterile Bottles & Containers, Vials & Ampoules, Pre-Fillable Inhalers, Sterile Closures, Pre-Filled Syringes, Blister & Clamshells, Bags & Pouches, Wraps
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical & Biological, Surgical & Medical Instruments, In Vitro Diagnostic Products, Medical Implants
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Amcor Limited (Australia)
- M Company (US)
- E. I. du Pont de Nemours and Company (US)
- Amcor
- West Pharmaceutical Services, Inc. (US)
- SteriPack Ltd. (Ireland)
- Wipak Group (Germany)
- Placon Corporation (US)
- Riverside Medical Packaging Company Ltd. (U.K.)
- Oracle Packaging, Inc. (US)
- Amcor Limited (Australia)
Highlights of The Radiation Sterilized Medical Packaging Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Thermoform Trays
- Sterile Bottles & Containers
- Vials & Ampoules
- Pre-Fillable Inhalers
- Sterile Closures
- Pre-Filled Syringes
- Blister & Clamshells
- Bags & Pouches
- Wraps
- By Application:
- Pharmaceutical & Biological
- Surgical & Medical Instruments
- In Vitro Diagnostic Products
- Medical Implants
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Radiation Sterilized Medical Packaging Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Radiation sterilized medical packaging is a type of packaging that has been treated with radiation in order to prevent the spread of infection. This type of packaging is used to store and transport medical products, such as vaccines, medications, and other health-related items.
Some of the major players in the radiation sterilized medical packaging market are Amcor Limited (Australia), M Company (US), E. I. du Pont de Nemours and Company (US), Amcor, West Pharmaceutical Services, Inc. (US), SteriPack Ltd. (Ireland), Wipak Group (Germany), Placon Corporation (US), Riverside Medical Packaging Company Ltd. (U.K.), Oracle Packaging, Inc. (US), Amcor Limited (Australia).
The radiation sterilized medical packaging market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Radiation Sterilized Medical Packaging Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Radiation Sterilized Medical Packaging Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Radiation Sterilized Medical Packaging Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Radiation Sterilized Medical Packaging Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Radiation Sterilized Medical Packaging Market Size & Forecast, 2020-2028
4.5.1 Radiation Sterilized Medical Packaging Market Size and Y-o-Y Growth
4.5.2 Radiation Sterilized Medical Packaging Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Thermoform Trays
5.2.2 Sterile Bottles & Containers
5.2.3 Vials & Ampoules
5.2.4 Pre-Fillable Inhalers
5.2.5 Sterile Closures
5.2.6 Pre-Filled Syringes
5.2.7 Blister & Clamshells
5.2.8 Bags & Pouches
5.2.9 Wraps
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Pharmaceutical & Biological
6.2.2 Surgical & Medical Instruments
6.2.3 In Vitro Diagnostic Products
6.2.4 Medical Implants
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Radiation Sterilized Medical Packaging Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Radiation Sterilized Medical Packaging Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Thermoform Trays
9.6.2 Sterile Bottles & Containers
9.6.3 Vials & Ampoules
9.6.4 Pre-Fillable Inhalers
9.6.5 Sterile Closures
9.6.6 Pre-Filled Syringes
9.6.7 Blister & Clamshells
9.6.8 Bags & Pouches
9.6.9 Wraps
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Pharmaceutical & Biological
9.10.2 Surgical & Medical Instruments
9.10.3 In Vitro Diagnostic Products
9.10.4 Medical Implants
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Thermoform Trays
10.6.2 Sterile Bottles & Containers
10.6.3 Vials & Ampoules
10.6.4 Pre-Fillable Inhalers
10.6.5 Sterile Closures
10.6.6 Pre-Filled Syringes
10.6.7 Blister & Clamshells
10.6.8 Bags & Pouches
10.6.9 Wraps
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Pharmaceutical & Biological
10.10.2 Surgical & Medical Instruments
10.10.3 In Vitro Diagnostic Products
10.10.4 Medical Implants
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Thermoform Trays
11.6.2 Sterile Bottles & Containers
11.6.3 Vials & Ampoules
11.6.4 Pre-Fillable Inhalers
11.6.5 Sterile Closures
11.6.6 Pre-Filled Syringes
11.6.7 Blister & Clamshells
11.6.8 Bags & Pouches
11.6.9 Wraps
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Pharmaceutical & Biological
11.10.2 Surgical & Medical Instruments
11.10.3 In Vitro Diagnostic Products
11.10.4 Medical Implants
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Thermoform Trays
12.6.2 Sterile Bottles & Containers
12.6.3 Vials & Ampoules
12.6.4 Pre-Fillable Inhalers
12.6.5 Sterile Closures
12.6.6 Pre-Filled Syringes
12.6.7 Blister & Clamshells
12.6.8 Bags & Pouches
12.6.9 Wraps
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Pharmaceutical & Biological
12.10.2 Surgical & Medical Instruments
12.10.3 In Vitro Diagnostic Products
12.10.4 Medical Implants
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Thermoform Trays
13.6.2 Sterile Bottles & Containers
13.6.3 Vials & Ampoules
13.6.4 Pre-Fillable Inhalers
13.6.5 Sterile Closures
13.6.6 Pre-Filled Syringes
13.6.7 Blister & Clamshells
13.6.8 Bags & Pouches
13.6.9 Wraps
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Pharmaceutical & Biological
13.10.2 Surgical & Medical Instruments
13.10.3 In Vitro Diagnostic Products
13.10.4 Medical Implants
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Radiation Sterilized Medical Packaging Market: Competitive Dashboard
14.2 Global Radiation Sterilized Medical Packaging Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amcor Limited (Australia)
14.3.2 M Company (US)
14.3.3 E. I. du Pont de Nemours and Company (US)
14.3.4 Amcor
14.3.5 West Pharmaceutical Services, Inc. (US)
14.3.6 SteriPack Ltd. (Ireland)
14.3.7 Wipak Group (Germany)
14.3.8 Placon Corporation (US)
14.3.9 Riverside Medical Packaging Company Ltd. (U.K.)
14.3.10 Oracle Packaging, Inc. (US)
14.3.11 Amcor Limited (Australia)
