Medical Device Packaging Information:
by Material (Plastic, Paper & Paperboard and others), by Product (Pouches, Trays, Bags, Clamshell Packs and others), and Region – Forecast to 2022
The key players of the global Medical Device Packaging Market 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-Tolas.
North-America contributes largely to overall market share. The global medical device packaging market size is expected to cross USD 30 Billion at CAGR of approximately 6% by 2022.
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Medical Device Packaging Market Overview
The key drivers for the growth of the medical device packaging market are the growing healthcare industry. There is an increased demand for such packaging by the medical device manufacturers on a large scale. The industry is facing huge pressure to decrease the cost as the end-use industries are mainly focusing towards product innovation by investing in the R&D. Companies are forming strategic alliances in order to reduce product costs. Intensifying healthcare costs may create multiple competition which will weaken the overall production and increase price sensitivity to packing cost thereby affecting medical device packaging market price trend.
The packaging industry on the other hand are seen investing heavily on various technological advancements. Based on product type, Pouches contributes the largest to the market, majorly due to its cost-effectiveness and infection resistant specification. Cost sensitiveness and declining healthcare costs are hampering the growth of the global medical device packaging market.
Medical Device Packaging Market – Regional Analysis
The global Medical Device Packaging market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America region constitutes the largest share in the medical packaging market. This is a developed market due to the high standard of living of consumers. The U.S. accounted for the largest country-level market for medical packaging, globally. The fastest growing markets include India, Mexico, China, and the more prosperous Africa/Mideast countries, where market and regulatory forces are raising packaging quality and functionality
Europe medical device packaging market size, led by UK, France, Italy, and Germany, may have a strong market share due to strong security protection of therapeutic equipment supported by government regulations will drive regional industry growth.
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Regional Analysis of Global Medical Device Packaging Market
- Raw Materials Suppliers
- Aftermarket supplier
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager
- Product matrix which gives a detailed comparison of the market for different recycled product types
- Regulatory Landscape
- Pricing Analysis
- Macroeconomic Indicators
- Geographical analysis across 15 countries
- Profiling of 10 key market players
- In-depth analysis including SWOT analysis, and strategy information of related to report title
- Competitive landscape including emerging trends adopted by major companies