Medical Device Packaging Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of Medical Device Packaging Market by by material (paper, plastic, paperboard), by packaging type (trays, bags, pouches, clamshell packs) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the Medical Device Packaging Market it includes the five years Industry analysis and the 6 years annual forecast from 2017 to 2023. Some of the prominent participants in the Global Medical Device Packaging Market are Chesapeake Limited, E. I. du Pont de Nemours and Company, Klöckner Pentaplast Group, 3M Company, WestRock Company, Mitsubishi Chemical Holdings Corporation, and Oliver Healthcare Packaging. According to the report the global medical device packaging market is projected to grow with a CAGR between 5.8% and 6.3% from 2017 to 2023.
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Improving the Awareness about Medical Device Packaging for Products among Physicians and Public in Non-Developed Markets is a Challenge for the Major Players to expand Further during the Forecast Period
The report identified that the medical device packaging market is driven by factors such as, growing importance of medical device packaging to prevent counterfeiting of medical devices, growing demand for implantable devices, and technological advancements and innovative packaging methods in medical device packaging. On the other hand, the restraining factors identified in the study include stringent regulations in developed economies, and requirement of huge initial capital investment. Increasing sales of medical consumables and emergence of the pharmaceutical industry in the Asia Pacific and Latin America provide opportunity for major players in the emerging and developing economies.
North America is the Key Consumer of the Medical Device Packaging Products in the Global Market
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2017 – 2023. In 2016, this region accounted for over 32% share in the global market. Moreover, the Asia-Pacific region is projected to grow at the highest CAGR over the forecast period. High demand from countries such as Japan, India and South Korea are likely to drive the growth in the Asia-pacific medical device packaging market. Moreover, emerging economies across APAC region expected to be a factor for growth during forecast period.
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Segments Covered in this Premium Report
The report segments the medical device packaging market on the basis of material, packaging type and region. The market size of each segment has been provided in terms of value (USD). The market segmentation by packaging type includes trays, bags, pouches, clamshell packs and others. The market segments by material include paper, plastic, paperboard and others.
Major Key Players Mentioned in this Premium Report
The companies covered in the report include Amcor Limited, Bemis Company Inc., Chesapeake Limited, E. I. du Pont de Nemours and Company, Klöckner Pentaplast Group, 3M Company, WestRock Company, Mitsubishi Chemical Holdings Corporation, and Oliver Healthcare Packaging.