Sterile Medical Packaging Market Share

Regionally, the global sterile medical packaging market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2037. The market in the region is primarily driven by the high expenditure on healthcare. Centers for Medicare & Medicaid Services, stated that the national health expenditure 9.7% to USD 4.1 trillion in 2020, or USD 12,530 per person. This accounted for 19.7% of Gross Domestic Product (GDP). Further, the burden of chronic diseases and the deaths occurred by it is an another factor for the expansion of life care solution services. The recent study of 2022, stated that 6 in 10 adults in the U.S. have a chronic disease and chronic disease is the leading driver of the nation’s 4.1 trillion dollars.