Definition of Market/Industry:
Medical implant sterile packaging offer bacteria-free instruments for further use in the healthcare sector. It offers an aseptic presentation at the time of use and provides a sterile barrier for improving the efficiency and reliability of the procedure and the handling the packaging product. Some of the types of medical implant sterile packaging are overwraps, bags, trays, pouches, and clamshells. Sterile packaging is intended to use at the point of use only in order to prevent contamination.
The global medical implants sterile packaging market was valued at US$ 1,632.2 Mn in terms of value and 7,665.8 Thousand Units in terms of volume by the end of 2018.
Rising cases of degenerative diseases such as osteoarthritis, osteoporosis, orthopedic ailments, and other degenerative disease are propelling the market growth over the forecast period. According to the National Institute of Environmental Health Sciences, neurodegenerative diseases affect millions of people worldwide. Alzheimer’s disease and Parkinson’s disease are the most common neurodegenerative diseases. In 2016, an estimated 5.4 million Americans were living with Alzheimer’s disease. An estimated 930,000 people in the United States could be living with Parkinson’s disease by 2020.
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, the rising demand for sterilization service is gaining traction in the market and this is expected to propel the market growth over the forecast period.
Lack of experts and handling issues in particular applications is projected to hinder the market growth. Medical packaging has difficulties in handling. Moreover, even the finest practice can lead to damage to the packed product. Therefore, drug or medical device which is packed in pouches require careful handling in order to prevent contamination as the sterile packaging pouches for various applications can be easily affected, and require very gentle handling during the process. This is expected to hamper the market growth.
Market Trends: Introduction of newer and complex medical implants that different testing and packaging solution is promoting manufacturer to introduce innovative technique and focusing towards improving the packaging of these complex devices is projected to add immense growth to the market over the forecast period. For instance, Nelson is engaged in several alternative approaches for complex medical combo products. Nelson lab has developed several alternative approaches for complex medical combo products. Growing efficiency and speed by mitigating risk to the supply chain pipeline is projected to foster market growth over the forecast period. 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 projected to foster market growth. Moreover, changing material preference by the producers in the Middle East and Africa region is also expected to augment the market growth.
Players active in the market are Oliver Tolas, Bemis Company, Inc, Steripack Contract Manufacturing, Orchid Orthopedic Solutions LLC, Multivac Group., Janco Inc, and Sealed Air Corporation
Few Recent Developments Bemis Healthcare Key Developments:
Segmentation By Product Type
By Material Type
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