Global Medical
Implant Sterile Packaging Market, by Product Type (Pouch and Bags,
Clamshell, Blister, Tubes, Vials, and Others (Boxes)), by Material Type
(Plastic, Paper, Foil, and Glass), by Application (Spinal Implants,
Reconstructive Joints (Hip Joints, Knee Joints, Elbow Joints, and Other Small
Joints), Extremity Braces and Support (Knee, Elbow, Wrist, Hand, and
Foot/Ankle), Dental Implants, Cardiovascular Implants, and Other Implants), and
by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and
Africa) is estimated to be valued at US$ 1,741.3 million in 2019 and is
expected to exhibit a CAGR of 7.1%, over the forecast period (2019-2027), as
highlighted in a new report published by Coherent Market Insights.
The rising role of contract
sterilization service is expected to propel the market growth over the forecast
period. Many OEMs are looking for contract manufacturers that offer in house sterilization
service, so that the organization can focus on cutting down the overall
production and develop new innovative medical implants, as these contract
service providers are one-stop-shop for the manufacturers. Therefore, rising
demand for sterilization service is expected to propel the market growth over
the forecast period.
Development of the innovative
technologies for medical implant sterile packaging is expected to propel the
market growth.
Introduction of newer and complex
medical implants with different testing and packaging solution is driving
manufacturers to introduce innovative packaging technique and to focus towards
improving the packaging of these complex devices, which is expected to drive
growth to the market over the forecast period. For instance, Nelson is engaged
in developing several alternative approaches for complex medical combo
products.
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Various companies are focusing on
mitigating risk to the supply chain pipeline and many OEMs are planning for all
aspects of production such as sterilization and packaging. Hence this is
expected to foster the market growth. Moreover, shifting material preference by
the manufacturers in the Middle East and Africa is further expected to augment
the market growth.
Browse 35 Market Data Tables and
38 Figures spread through 167 Pages and in-depth TOC on " Global Medical
Implant Sterile Packaging Market, by Product Type (Pouch and Bags, Clamshell,
Blister, Tubes, Vials, and Others (Boxes)), by Material Type (Plastic, Paper,
Foil, Glass), by Application (Spinal Implants, Reconstructive Joints (Hip
Joints, Knee Joints, Elbow Joints, Other Small Joints), Extremity Braces and
Support (Knee, Elbow, Wrist, Hand, and Foot / Ankle) Dental Implants, Cardiovascular
Implants, and Other Implants), and by Region (North America, Latin America,
Europe, Asia Pacific, Middle East, and Africa), – Global Forecast to 2027"
The increasing adoption of the
inorganic growth strategies such as acquisitions and collaborations by market
players are expected to drive growth of the global medical implant sterile
packaging market, over the forecast period. For instance, in April 2016, Bemis
Company Inc. acquired packaging operation of Steripack Group, a global
manufacturer of sterile packaging for medical device and pharmaceuticals.
Similarly, in August 2019, Kohlberg closes on Bemis Healthcare Packaging Europe
acquisition, and merges with Nelipak, a developer and manufacturers of custom
designed thermoformed packaging for the medical device and pharmaceutical
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Report: https://www.coherentmarketinsights.com/market-insight/medical-implants-sterile-packaging-market-995
Key Takeaways of the Global
Medical Implant Sterile Packaging Market:
Global medical implant sterile
packaging market is expected to exhibit a CAGR of 7.1% over the forecast period
(2019-2027), owing to increasing product launches by key players in the medical
implant sterile packaging market. For instance, in July 2017, ECA Medical
Instruments launched sterile-packed instrument set to protect cannulated
titanium screw. Along with this, company also launched sterile pack kits and
instruments for hand and wrist repair, joint arthroplasty, and spine implants.
Among application, dental implant
is one of the major segment and is expected to witness significant growth,
owing to increasing number of dental implantation procedures. For instance,
according to statistics by the American Academy of Implant Dentistry in August
2018, around 3 million people in the U.S. received dental implants. Moreover,
around 500,000 people undergo dental implantation treatment each year in the
U.S.
Some of the major players operating
in the global medical implant sterile packaging market include Oliver Tolas,
Bemis Company, Inc, Steripack Contract Manufacturing, Orchid Orthopedic
Solutions LLC, Multivac Group., Janco Inc, and Sealed Air Corporation
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report: https://www.coherentmarketinsights.com/insight/buy-now/995
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