Sterile medical packaging market expected to achieve steady growth.
The demand for sterile medical packaging in the United States is projected to grow by more than 60/0 annually over the next few years, according to new research from The Freedonia Group. According to its study of the $3.3 billion market, the market research firm estimates the sterile medical packaging industry will reach $4 billion by 2010.
As sterile pouches continue to be made stronger, offering better puncture resistance and barrier protection, The Freedonia Group expects this form of packaging to remain a leading choice for medium- to large-sized medical devices such as catheters and IV administration sets. However, the firm noted that plastic bags will remain the preferred packaging for large medical devices with lower requirements for barrier protection.
Overall, the major growth drivers in the sterile medical packaging market are items such as prefillable inhalers and syringes, since pharmaceutical and biological applications create increased demand for these types of containers, the firm noted.
In addition, sterile medical trays-particularly thermoformed trays-and pouches will grow the fastest; the demand for these items is forecasted to reach more than $1 billion by 2010. Advances in plastic and foil materials are expected to help propel the demand for trays and pouches. Furthermore, multiple compartment trays housing all or most items needed for a particular surgical procedure will become more popular as their utility is shown in helping to prevent infection, save labor and simplify storage.
More information about The Freedonia Group's study, "Sterile Medical Packaging," can be obtained by visiting the company's Web site at www.freedoniagroup.com.
US Sterile Medical Packaging Demand Total Demand by Type Thermoformed Trays: 16% Pouches: 14% Bottles: 14% Pre-fillable Inhalers: 13% Other types: 43% Note: Table made from pie chart. Total Demand in $ Billions 2006 $3.3 billion 2010 (projected: $4 billion 6.1% Annual Growth Note: Table made from bar graph. Source: The Freedonia Group
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|Title Annotation:||DATA WATCH|
|Publication:||Medical Product Outsourcing|
|Date:||Mar 1, 2007|
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