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Medical Device Packaging Market

Medical Device Packaging Market

Medical Device Packaging Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

144

Base Year:

2022

Date

Sep - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1835

Segments Covered
  • By Material Types By Material Types Plastic, Paper & Paperboard, Foils, Glass, Other Material Types
  • By Product Types By Product Types Pouches, Clamshell Packs, Boxes, Bags, Blisters, Other Product Types
  • By Applications By Applications Sterile Packaging, Non-Sterile Packaging
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 24.43 Billion
Revenue 2030Revenue 2030: USD 39.53 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 6.20%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Medical Device Packaging Market Share

Market Synopsis:

The Global Medical Device Packaging Market was valued USD 24.43 Billion in 2022 and is anticipated to reach a value of USD 39.53 Billion by 2030. Over the projection period, the Global Market is forecasted to grow to exhibit a Compound Annual Growth Rate (CAGR) of 6.20%.

The Medical Device Packaging is essential in keeping devices secure and safe in the market during their shelf life. Packaging communicates and protects humans, the environment, and vice versa. Medical Device Packaging should be produced from traceable and well-known materials that have features like non-toxicity—free of holes, cracks, and tears, non-leaching, and odorless. Creases and thinning in specific areas To avoid biological contamination, physical damage, and other external disturbances, the medical device requires medical packing. The rapid increase in the number of chronic diseases, as well as increased spending in healthcare facilities, are expected to fuel market expansion. The rigorous healthcare packaging materials must meet the standards of medical supply packaging features. This concept is fueling market expansion. The launch of several new medical gadgets that require specialized packaging, technical improvement in the medical device sector, and an increase in demand for novel packaging solutions will drive the medical packaging market's growth.

Medical Device Packaging Market Size, 2022 To 2030 (USD Billion)

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Furthermore, increased supply and manufacturing of medical equipment, medications, and treatments worldwide will operate as a market driver, increasing the market's favorable opportunities. However, tight rules and regulations worldwide are impeding the growth of the worldwide Medical Device Packaging Market. Furthermore, the usage of plastic materials for packaging has harmed the environment. These are the market constraints that will slow market expansion.

Market Segmentation:

The Medical Device Packaging Market is segmented based on Material Types, Product Types, Applications, and Region. Based on the Material Types, the market is further segmented into Plastic, Paper & Paperboard, Foils, Glass, and Other Material Types. Furthermore, based on the Product Types, the market is further bifurcated into Pouches, Clamshell Packs, Boxes, Bags, Blisters, and Other Product Types. In addition, based on the Applications, the market is further divided into Sterile Packaging and Non-Sterile Packaging.

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Based on Product Type:

The Pouches category dominated the market in 2021. The market growth is anticipated to be boosted by the Pouches sector because small to medium-sized soft and semi-soft medical products are typically supplied in unit numbers and are commonly packaged in containers. Therefore, they are not at risk of being damaged during transportation and storage. Intravenous (IV) catheters, IV administration sets, dialysis disconnect caps, wound dressings, small surgical instruments, diagnostic test packs, sutures, and dental supplies are applications particular to pouches.

Based on Application:

The Sterile Packaging category dominated the market in 2021. The market expansion in the Sterile Packaging sector boost is attributed to preventing contamination and shielding medical devices from harm. Additionally, Sterile Packaging is utilized for medical devices because it is crucial to keep them sterile during storage and delivery. Therefore, several aspects should be considered to properly package sterile goods, including packaging type, integrity, and seal quality.

Asia Pacific is projected to grow at the highest CAGR during the forecast period

The Asia Pacific is forecast to proliferate in the forecast period. It is forecast to grow at the highest Compound Annual Growth Rate (CAGR) during the forecast period due to the region's increased private and public spending on healthcare infrastructure, the region's growing geriatric population, which is seeking medical treatment, and other factors. The China is one of the largest markets globally for the medical equipment and the country with the fastest economic growth in the Asia Pacific. In addition, the healthcare sector receives a lot of investment due to China's economic growth. Therefore, it is anticipated that China's healthcare sector will continue to grow in the upcoming years.

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Recent Developments:

  • In April 2020, Amcor ted introduced ultra packaging for products that underwent hydrogen sterilization. Another advantage offered by this style of packaging was steam preservation. After being approved by the regulatory bodies, the hydrogen sterilization packages were globally accepted. The SBS's established standards created them.
  • In November 2019, Wipak created a pouching material that was more resilient and had a lower likelihood of spoiling or being wasted while being stored and transported. The pouch contains nine layers, protecting the product from any injury.

Competitive Landscape:

The key players in the Global Medical Device Packaging Market include- 3M Company, Amcor Limited, Berry Global Inc., CCL Industries Inc., Constantia Flexibles, DuPont, Klöckner Pentaplast Group, Mitsubishi Chemical Holdings Corporation, WestRock Company, Sonoco Products Company and others.

Segmentation of the Global Medical Device Packaging Market:

Parameter Details
Segments Covered
  • Material Types (Plastic, Paper & Paperboard, Foils, Glass, Other Material Types)
  • Product Types (Pouches, Clamshell Packs, Boxes, Bags, Blisters, Other Product Types)
  • Applications (Sterile Packaging, Non-Sterile Packaging)
  • Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • 3M Company
  • Amcor Limited
  • Berry Global Inc.
  • CCL Industries Inc.
  • Constantia Flexibles
  • DuPont
  • Kl√∂ckner Pentaplast Group
  • Mitsubishi Chemical Holdings Corporation
  • WestRock Company
  • Sonoco Products Company
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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In terms of revenue, the Global Medical Device Packaging Market is expected to reach USD 33.3 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 6.3% from 2022 to 2028. The global market for Medical Device Packaging Market has shown exceptional expansion over the past several year...
FAQ
Frequently Asked Question
  • The global Medical Device Packaging valued at USD 24.43 Billion in 2022 and is expected to reach USD 39.53 Billion in 2030 growing at a CAGR of 6.20%.

  • The prominent players in the market are 3M Company, Amcor Limited, Berry Global Inc., CCL Industries Inc., Constantia Flexibles, DuPont, Kl√∂ckner Pentaplast Group, Mitsubishi Chemical Holdings Corporation, WestRock Company, Sonoco Products Company.

  • The market is project to grow at a CAGR of 6.20% between 2023 and 2030.

  • The driving factors of the Medical Device Packaging include

    • Technological Developments in medical device industry

  • North America was the leading regional segment of the Medical Device Packaging in 2022.

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