Sterile Medical Packaging Market in US 2019-2023 | Increase in Medical Exports to Boost Growth | Technavio

The sterile medical packaging market size in US is poised to grow by USD 1.44 billion during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

The US is the largest medical device market and has grown by an estimated 81.25% between 2010 and 2017. Moreover, the US government funds a significant part of the total healthcare expenditure on medical devices, facilitating easier access to implant surgeries and medical devices for the general population. In addition, many startups and existing medical devices companies are introducing affordable and advanced medical treatment solutions. As a result, there is a significant rise in the sale of medical devices in the US, which will have a positive impact on the growth of the sterile medical packaging market in the country during the forecast period.

To learn more about the global trends impacting the future of market research, download free sample:

As per Technavio, the increase in medical exports will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Sterile Medical Packaging Market in US: Increase in Medical Exports

The US has become a significant exporter of medical goods, particularly sterile medical instruments and advanced medical devices. The country has a robust medical device manufacturing industry owing to favorable intellectual property (IP) and patents environment. This has resulted in many domestic and international med-tech companies setting up their manufacturing and R&D operations in the region. Moreover, developing countries such as Brazil, China, and India lack access to advanced healthcare technologies, which compels them to import medical devices from the US. Thus, the increase in exports will have a significant impact on the American sterile medical packaging market growth during the forecast period.

Other factors such as the growing focus on sustainability in medical packaging and the rising adoption of pre-validated sterile packaging will have a positive impact on the growth of the sterile medical packaging market value during the forecast period, says a senior analyst at Technavio.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio’s SUBSCRIPTION platform

Sterile Medical Packaging Market in US: Segmentation Analysis

This market research report segments the sterile medical packaging market in US by material (plastic, glass, aluminum, and others) and product (bottles, blister packs, thermoformed trays, and others).

The plastic segment held the largest sterile medical packaging market share in 2018. The factors driving the demand for plastics packaging are the wide degree of machinability and barrier protection offered by plastics. Plastics packaging also meets the aesthetic demands of the medical industry, and it is compatible with almost all sterilization techniques that do not require porosity.

Technavios sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

Request a free sample report

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200