The Sterile Medical Packaging Market in the United States (2019-2023): Leading Players are Amcor, Baxter, Bemis Company, Cardinal Health, and DowDuPont - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 6, 2019--The “Sterile Medical Packaging Market in US 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The sterile medical packaging market in US will register a CAGR of over 5% by 2023.
Rising adoption of pre-validated sterile packaging to drive market growth
Pre-validated packaging refers to packaging stock or containers that have been designed, sourced and validated to medical industry standards beforehand by package manufacturers. The use of pre-validated packages can substantially reduce time-to-market and package development and production costs of medical drug/device manufacturers.
Demand for pre-validated sterile packaging has gained momentum in recent years amid the influx of new medical technology and pharmaceutical start-ups. The latter has limited funding and aspire to introduce their products to the market in quick time.
Legislative and regulatory changes supporting pharma growth
Stringent regulations governing the medical and pharmaceutical industry are major hurdles to the entry of new players and the introduction of new drugs into the market. However, there are some regulations which have been supporting the growth of the medical industry in the US.
The US government has enforced some mandatory medical and healthcare insurance schemes, which ensure some degree of basic healthcare coverage and support in paying for personal medical expenses. This is enhancing expenditure on the treatment of diseases and physical disorders, thereby driving the demand for drugs, and consequently, for sterile medical packaging.
Availability of counterfeit drugs in the market
A major challenge for the sterile medical packaging market in the US is the availability of counterfeit drugs and packaging. Contrary to general perception, counterfeit products are not limited to developing countries.
The US too, which is well-developed and has several regulations in place to prevent the manufacture, distribution, and sales of counterfeit medical products, continues to witness the penetration of fake and substandard drugs in the market. Counterfeiting is a major challenge for vendors of genuine drugs and sterile medical packaging.
Key PlayersAmcor Baxter Bemis Company Cardinal Health DowDuPont
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPEMarket ecosystem Market characteristics Market segmentation analysis
PART 04: MARKET SIZINGMarket definition Market sizing 2018 Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSISBargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition
PART 06: MARKET SEGMENTATION BY MATERIALComparison by material Plastic - Market size and forecast 2018-2023 Glass - Market size and forecast 2018-2023 Aluminum - Market size and forecast 2018-2023 Others - Market size and forecast 2018-2023 Market opportunity by material
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY PRODUCTComparison by product Bottles - Market size and forecast 2018-2023 Blister packs - Market size and forecast 2018-2023 Thermoformed trays - Market size and forecast 2018-2023 Others - Market size and forecast 2018-2023 Market opportunity by product
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSISVendors covered Vendor classification Market positioning of vendors Amcor Baxter Bemis Company Cardinal Health DowDuPont
For more information about this report visit https://www.researchandmarkets.com/research/qd7bk4/the_sterile?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190206005442/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Pharmaceutical Packaging
KEYWORD: UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: HEALTH PHARMACEUTICAL MANUFACTURING PACKAGING
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 02/06/2019 09:52 AM/DISC: 02/06/2019 09:52 AM