Global market for sterile medical packaging 2016-2022

According to a new report by Stratistics MRC the global sterile medical packaging market is accounted for $26.55 billion in 2015 and is expected to reach $42.85 billion by 2022 growing at a CAGR of 7.07%. Asia Pacific is expected to witness the highest CAGR during the forecast period due to rising healthcare awareness and technological advancements.
Rising adoption of sterile packaging in packaging of medical equipment, pharmaceutical and biological products is one of the major factors driving the market. Factors such as rising healthcare awareness and disposable income are further fueling the market. However, maintaining medical packaging integrity is restricting the market growth.
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