Europe Medical Grade Paper Market Drivers and Forecasts by 2027

The Europe medical grade paper market is expected to reach US$ 1,767.69 million by 2027 from US$ 1,311.60 million in 2019. The market is estimated to grow at a CAGR of 3.9% from 2020 to 2027.

Across the European region, there is a significant rise in consumption of medical devices, which is projected to show sustainable growth for the Europe Medical Grade Paper market during the forecast period. Increasing diagnostic and treatment procedures and rising number of hospital visits by older people for regular checkups and treatments are driving the consumption of medical supplies. Thus, there is a tremendous demand for medical supplies, including masks, gloves, syringes, needles, and gowns. Similarly, the demand is raised from children and adults as they visit to hospitals for acute and chronic diseases.

In addition, growing number of surgical procedures among geriatric population is contributing to the significant demand for sterile medical devices and consumables. According to the British Journal of Surgery, published in May 2019, the average number of older people undergoing surgeries increased to 54.2 in 2015 from 47.5 years in 1999. It is estimated that by 2030 over 1.48 million people aged 75 years and above would undergo surgical procedures every year. Due to rise in number of surgeries, there is an increase in surgical staff. According to the National Health Service key statistics for 2019, published in 2020, the surgical staff has increased by 19% from October 2015 to October 2019. Hence, it is estimated that increasing number of hospital visits and surgical cases is likely to boost the demand for sterile products. Thus, the rise in demand is eventually leading to increase in manufacturing and packaging of medical devices and other supplies.

On the other hand, use of sterile products as well as sterile packaging for test kits, medicines, and medical consumables has increased due to the COVID-19 pandemic. Europe has experienced a significant number of COVID-19 positive cases after the Asia Pacific region. Therefore, various companies have shifted their focus to manufacturing and supplying essential medical needs. Thus, they have increased the production of medical grade paper for sterile packaging.

Europe Medical Grade Paper Market Revenue and Forecast to 2027 (US$ Million)

Europe Medical Grade Paper – Market Segmentation

Europe Medical Grade Paper Market – by Product

• Kraft Paper
• Sack Paper

Europe Medical Grade Paper Market – by Application

• Steam Sterilization
• Ethylene Oxide Sterilization
• Formaldehyde Sterilization
• Irradiation Sterilization

Europe Medical Grade Paper Market – by End User

• Hospitals
• Diagnostic and Research Centers
• Pharmaceutical Industry
• Others

Company Profiles

• Arctic Paper SA
• PMS Europe GMBH
• BillerudKorsnäs AB
• VP Group
• Zellstoff Pöls AG (Heinzel Group)
• Gascogne Group (Gascogne Papier)
• Nelipak Corporation

Europe Medical Grade Paper Report Scope