Medical Grade Paper Market is expected to reach US$ 5,630.75 Million by 2028

Kraft Paper Segment to Hold Largest Share of Product Segment in Medical Grade Paper Market During 2022–2028

According to our latest study on “Medical Grade Paper Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Application, End User, and Geography," the market is expected to reach US$ 5,630.75 million by 2028 from US$ 4,512.70 million in 2022; it is estimated to grow at a CAGR of 3.8% during 2022–2028. The report highlights the key factors driving the medical grade paper market and prominent players with their developments in the medical grade paper market. Key factors driving the market are the growing consumption of medical supplies, rising demand for protective packaging in the medical device industry, and increasing need for convenient and easy-to-use medical-grade packaging suitable for maintaining sterility. However, the stringent regulations on manufacturing medical grade paper and the availability of alternative products are expected to restrict the medical grade paper market growth during the forecast period.

There is a significant rise in the consumption of medical devices. This can be attributed to increasing number of diagnostic and treatment procedures and rising number of hospital visits by older people for regular checkups and treatments. Thus, there is tremendous demand for medical supplies, including masks, gloves, syringes, needles, and gowns. Similarly, children and adults also pay visits to hospitals to get treated for acute and chronic diseases, thereby contributing to the requirement for medical supplies.

According to a study published in the British Journal of Surgery in May 2019, the average age of geriatric people undergoing surgeries increased to 54.2 years in 2015 from 47.5 years in 1999. By 2030, over 1.48 million people aged 75 years and above are estimated to undergo surgical procedures every year. A rise in the number of surgeries highlights the need for employing more surgical staff. According to key statistics by the National Health Service published in 2020, the surgical staff increased by 19% from October 2015 to October 2019. Hence, it is estimated that an increasing number of hospital visits and surgeries is likely to boost the demand for sterile products. The rise in demand is eventually leading to a surge in the manufacturing and packaging of medical devices and other supplies, thereby propelling the sales of the medical grade paper. Moreover, the use of sterile products and packaging for test kits, medicines, and medical consumables has increased worldwide amid the COVID-19 pandemic.

The medical device industry faced extraordinary demands due to the COVID-19 pandemic. In addition to COVID-related strains, the increasing aging population is putting stress on the healthcare system due to higher chances of multi-morbidity and the coexistence of two or more long-term medical conditions. Thus, the growing need for infectious disease diagnostics and the COVID-19 outbreak have increased the demand for sterile packaging. The sterile medical packaging industry enjoyed high demand during the COVID-19 pandemic due to a drastic rise in the demand and supply of pharmaceutical drugs, vaccines, and medical devices. Also, there was a significant rise in demand for medical equipment and other critical medical supplies. Therefore, the need for sterile and packed products has significantly increased across the countries to prevent the COVID-19 spread, which, in turn, fueled the medical paper market growth in the region. Companies have strengthened their capabilities to offer sterile medical packaging through packaging options such as containers, pouches, and wraps to protect products against accidental transmissions. Therefore, during the crisis, increasing demand of medical supplies and providing sterile products helped grow the medical grade paper market.

Many market players are actively involved in strategic activities to develop diagnostic imaging for brain cancer. For instance, in November 2020, Artic Paper SA added a new product, “Muken,” to its profile. It aims to serve students to enhance their project activities with different colored papers.

Zellstoff Pöls AG, Amcor plc, VP Group, Anquing Tianrun Paper Packaging Co Ltd, Cheever Specialty Paper and Film, PMS Europe GMBH, BillerudKorsnäs AB, Gascogne Group, Nelipak Corporation, and Arctic Paper SA are a few leading companies operating in the global medical grade papers market.

Medical Grade Papers Market, by Geography, 2022 (%)

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Medical Grade Paper Market Size, Share, Demand and growth

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Medical Grade Paper Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Kraft Paper and Sack Paper), Application (Steam Sterilization, Ethylene Oxide Sterilization, Formaldehyde Sterilization, and Irradiation Sterilization), and End User (Hospital, Diagnostic and Research Center, Pharmaceutical Industry, and Other)

The report segments the medical grade papers market as follows:

Based on product, the medical grade paper market is segmented into kraft paper and sack paper. In 2022, the kraft paper segment would account for a higher share, and it is expected to dominate the market during the forecast period. The segment’s growth is majorly driven by the property of kraft paper that resists microbial contamination. Its ability to withstand the rigorous processing requirements of packaging converters and sterilization is likely to influence the segment’s growth.

In terms of application, the global medical grade paper market is segmented into steam sterilization, ethylene oxide sterilization, formaldehyde sterilization, and irradiation sterilization. In 2022, the ethylene oxide sterilization segment would hold the largest share of the medical grade paper market by application. It is expected to record the fastest CAGR of 4.3% from 2022 to 2028.

Based on end user, the global medical grade paper market is segmented into hospitals, diagnostic and research centers, pharmaceutical industry, and others. In 2022, the pharmaceutical industry segment would hold the largest market share by end user. Moreover, the same segment is expected to grow at the fastest CAGR of 4.5% from 2022 to 2028.

Based on geography, the market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, Africa, and the Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

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