The Sterile Medical Packaging Market is estimated to grow from USD 26.55 Billion in 2015 to reach USD 35.07 Billion by 2020, at an estimated CAGR of 5.72%. The segmentation considered for this report is based on region. The region consists of North America, Europe, Asia-Pacific, and Rest of the World (RoW). The base year considered for the study is 2014 and the market size is projected from 2015 to 2020.

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The global economy and easy access to open and free trade between countries have increased the importance or requirement of having standards and test methods for achieving consistent performance parameters. Furthermore, along with the globally applicable standards, each country may have its own specific set of applications and environments in which the product needs to perform. Having multiple standards for same performance parameters may create confusion and can also act as a trade barrier for manufacturers of the product.

The market for sterile medical packaging is growing due to increasing applications of sterile packaging in the pharmaceutical & biological sectors, aging population, and rising chronic diseases. Growing demand from the healthcare industry also provides an opportunity to the market to grow further, especially in the emerging Asia-Pacific and Latin American regions. However, maintaining medical packaging integrity can act as a challenge to the growth of the market for sterile medical packaging.

Browse 33 market data Tables and 39 Figures spread through 121 Pages and in-depth TOC on "Regulatory Environment and Impact Analysis - Sterile Packaging Market"

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