DUBLIN, April 15, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/v24c2l/sterile_medical) has announced the addition of the "Sterile Medical Packaging Market in the US 2015-2019" report to their offering.
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The Sterile Medical Packaging market in the US to grow at a CAGR of 7.23% over the period 2014-2019
Medical products include pharmaceutical products, medical devices, surgical devices, and other healthcare-related products. Drugs/pharma products hold a major share in the Sterile Medical market. The packaging of medical products is a complex process because of their molecular and chemical structures. They need to be packaged with extremely protective and durable materials to prevent contamination. Also, the packaging materials are first sterilized before being used for packaging.
The evolution of new diseases and increased health awareness have brought a transformation in the Medical Products Packaging industry. Some of the types of packaging used are bottles, vials, blisters, tubes, prefilled syringes, and prefilled inhalers, which are chosen as per the requirement of the product as well as the convenience of the customers.
Increased preference for blister packaging, which offers improved protection, security, and safety for products, is one of the key trends emerging in the market. FDA regulations now require that all prescription pharmaceuticals dispensed in hospitals and nursing homes be packaged in unit-dose formats with barcodes to reduce dispensing errors; this has had positive effects on the sale of blister packs in the US Pharmaceutical industry over the years.
According to the report, one of the major factors driving this market is the rapid growth of the Healthcare industry. In recent years, demand for healthcare products has increased sharply because of the growing population, improved purchasing power, and increased consciousness of health and fitness.
Further, the report states that vendors in the market are facing increased pressure to implement effective pricing strategies. Rising raw material costs and the intense competition pose major challenges to vendors. Concerns about the use of plastic packaging for medical products are forcing manufacturers to look at sustainable options that are, however, more capital intensive.
- Baxter International
- Cardinal Health
Other Prominent Vendors
- 3M Company
- Becton, Dickinson and Company
- Catalent Pharma Solutions
- DeRoyal Industries
- Eastman Chemical
- Gerresheimer Group
- Heritage Pioneer Corporate Group
- Medline Industries
- Oliver Products Company
- Pharma Packaging Solutions
- Rollprint Packaging Products
- Superior Pack Group
- Svenska Cellulosa
- Unicep Packaging
- West Pharmaceutical Services
- Wheaton Industries
For more information visit http://www.researchandmarkets.com/research/v24c2l/sterile_medical
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SOURCE Research and Markets