- The key vendors in the Sterile Medical Packaging Market in the US 2015-2019 are Amcor Ltd., Baxter International Inc., Bemis Company Inc., Cardinal Health Inc. and E. I. du Pont de Nemours and Co. (DuPont)
London, 18 March 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Sterile Medical Packaging Market in the US 2015-2019. Increased preference for blister packaging, which offers improved protection, security, and safety for products, is one of the key trends emerging in the market. Vendors are using better plastic and other raw materials in blister packs to offer improved protection of medicines and medical equipment. The increased use of blister packs instead of glass vials for the packaging of contact lenses to keep them sterile, reduce packaging costs, and enhance ease of handling is also contributing to market growth. The Sterile Medical Packaging market in the US is expected to witness a CAGR of7.23 percent during the period 2014-2019.
“The demand for high-barrier films in medical packaging is increasing in the US. High and ultra-high barrier films used in pharma packs offer more moisture, light, and oxygen protection than low- and medium-barrier films,” says Faisal Ghaus, Vice President of Technavio Research.
“ACLAR films are gaining increased market share because of the high protection and easy sterilization benefits they offer. The high-barrier films used in drug packaging prevent the drug from coming into contact with foreign bodies.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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