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Regulatory Environment and Impact Analysis- Sterile Packaging Market Standards & Regulations, Regional & National Regulatory Bodies - Market Analysis & Forecast to 2020

Regulatory Environment and Impact Analysis- Sterile Packaging Market: Forecast until 2020

  • April 2016
  • 124 pages
  • ID: 3783881
In this report:
According to the China Chamber of Commerce for Import and Export of Medicines and Health Products (CCCMHPIE), the import-export value of the country's medical equipment increased by ##% to reach USD ##.## billion in 2013, as compared to 2012.
According to the U.S. Government Accountability Office (or GAO)'s 2014 statistic, the country's medical device industry was the global leader, representing ##% of the global market with a sales of USD ## billion in 2014.

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"Increasing demand from the healthcare sector to drive the sector for sterile medical packaging"

The overall market for sterile medical packaging is forecasted to grow from ~$26.5B in 2015 to attain ~$35.1B by 2020, at an estimated compound annual growth rate of ~5.7 percent. The industry for sterile medical packaging is influenced by the increasing demand from the healthcare market due to growth in health awareness.

"Need for harmonization between the overall standards and regulations in the sterile medical packaging market"

In line with the overall applicable standards, each country may have its own specific set of applications and environments in which the product needs to perform. Having multiple standards may create confusion and trade barriers for manufacturers. Therefrom, in order to avoid this as well as to easily understand and implement packaging requirements, harmonization between the standards is necessary.

"Asia-Pac estimated to grow during the outlook period"

Asia Pacific (APAC) is forecasted to be the quickest-increasing area in the sterile medical packaging market in the upcoming five years. Nevertheless, Elements such as longer timelines for approving the medical devices in Australia (AU), red tapism in India (IN), and higher cost for the approval of medical devices make the regulatory framework in the territory more complex.

Key players' distribution profiles:

Primary Q&A were managed with a number of industry experts in order to gather info associated to various aspects of sterile medical packaging. Measures reached after analyzing secondary sources were validated through these interviews. Primary sources contain professionals including sterile packaging manufacturers, distributors, and academic professionals. Distribution of primary interviews is like:

By Company Type: Tier 1 - 38.0 percent, Tier 2 - 38.0 percent, and 1/3 3 - 24.0 percent

By Designation: C-level - 38.0 percent, Manager Level - 34.0 percent, and Others* - 28.0 percent

By area: North america (NA) - 32.0 percent, Europe - 28.0 percent, Asia-Pacific - 25.0 percent, and rest of the world - 15.0 percent

The 1/3 of the companies, the tiers of the corporations is defined on the basis of their final revenue, as of 2014: Tier 1: Revenue >USD 500 million, Tier 2: Revenue USD 100 to $500.0M, and Tier 3: Revenue

*Others contain sales managers, marketing managers, and product managers.

Why acquiring this study can help you

This study will help the industry leaders (and new entrants) in the following aspects:

1. This document breaks down the market for sterile medical packaging comprehensively and offers the best approximations of the revenue data for the global market across different areas.

2. The analysis benefits partners to comprehend the sector and related regulations further providing them information on main market drivers, market restraints, opportunities, and alternatives.

3. The market research helps to understand the regulatory aspects of the sterile medical packaging sector for the top main countries and localities.

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