Huge Growth for Medical Packaging
A new study of the sterile medical packaging market predicts that demand will drive overall sales to $2.1 billion by 2008. The study, “Sterile Medical Packaging,” was recently published by The Freedonia Group (Cleveland). It states that market growth will be driven by opportunities in medical supply and device packaging. Disposable medical devices are expected to lead the way.
The study also predicts healthy growth in the diagnostic product market, driven by greater demand for custom tray kits. Growth will also be driven by the ability of these products to help select medical procedures more efficiently, reducing unnecessary procedures and the potential for expensive malpractice suits.
Here are some of the study’s other findings:
• Plastic resins accounted for more than 70% of all materials used in 2003. Polypropylene will show the fastest growth prospects, owing to its natural translucency, moisture resistance, high clarity, dimensional stability, and effective chemical resistance.
• Sterile pouches will be the leading packaging product in the device and medical supply market through 2008. Improvements in barrier strength and impact and moisture resistance will aid demand for pouches in other applications as well.
• Sterile plastic-bottle demand is projected to be the fastest-growing segment in the industry. Plastic bottles will continue to replace glass containers because of their lighter weight and shatter-resistant properties. Increased demand for ophthalmic preparations and contact lenses will ultimately be the driving factor behind the growth. Also, an increase in diagnostic testing will stimulate demand for reagents, which are usually packaged in sterile plastic bottles.