Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
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.
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The global medical implants sterile packaging market was valued at US$ 1,741.3 million in terms of value and 7,665.8 Thousand Units in terms of volume by the end of 2019.
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 increasing importance of contract sterilization services is expected to propel the market growth during 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 a one-stop-shop for manufacturers. Therefore, the growing demand for sterilization service is gaining traction in the market and this is expected to propel the market growth over the forecast period.
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Lack of experts and handling issues in particular applications are projected to hinder the market growth. Medical packaging often faces challenges in handling. Moreover, even the finest practice can lead to damage the packed product. Therefore, a drug or medical device which is packed in pouches requires careful handling in order to prevent contamination as the sterile packaging pouches for various applications can be easily affected, and require gentle handling during the process. This is expected to hamper the market growth.
Market Trends: Introduction of newer and complex medical implants are driving manufacturers to introduce innovative techniques and increase the focus on improving the packaging of these complex devices. This is projected to facilitate growth to the market during 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 is projected to foster the 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 favor the market growth. Moreover, changing material preference by producers in the Middle East and Africa 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.
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Few Recent Developments Bemis Healthcare Key Developments:
- In April 2016, Bemis Company Inc. acquired packaging operation of Steripack Group, a global manufacturer of sterile packaging for medical devices and pharmaceuticals.
- In August 2019, Kohlberg closes on Bemis Healthcare Packaging Europe acquisition, merges with Nelipak.
Segmentation by Product Type
- Pouches & Bags
- Others (Boxes)
By Material Type
- Others (Glass, Non-Woven)
- Spinal Implants
- Reconstructive Joint Implants
- Hip joints
- Knee joints
- Elbow joints
- Other small joints
- Extremity Braces & Support
- Dental Implants
- Cardiovascular implants
- Other Implants
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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