Global Medical Device Packaging Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global medical device packaging market in its upcoming report titled, “Global Medical Device Packaging Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global medical device packaging market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global medical device packaging market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global medical device packaging market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global medical device packaging market report has been segmented on the basis of material type, packaging type, application, and region.
Packaging can be defined as the technology of enclosing or protecting products for distribution, storage, transportation, and use. The World Health Organization (WHO) defines a medical device as, any article, instrument, apparatus or machine that is used in the prevention, diagnosis or treatment of illness or disease, or for detecting, measuring, restoring, correcting or modifying the structure or function of the body for some health purpose. Medical devices need extra care when being shipped or transported from one place to another, and require protection against shock, vibrations, atmospheric changes in humidity and heat. As such medical device packaging is an essential element in keeping medical devices functional and ready to use whenever needed.
Rising demand for cost-effective and disposable medical device packaging across the globe is a key factor driving growth of the global medical device packaging market. In addition, growing healthcare industry in developed and developing economies coupled with increasing investments in development of innovative and easy to use packaging products by prominent manufacturers are other major factors expected to drive growth of the global medical device packaging market over the forecast period.
However, high cost of medical device packaging coupled with high initial capital investment are key factors restraining growth of the global medical device packaging market. Additionally, stringent government regulations in developed countries on use of certain type of packaging materials is another factor expected to hamper growth of the global medical device packaging market over the forecast period.
Currently, the market in North America dominates the global medical device packaging market in revenue terms owing to increasing use of disposable medical device packaging in countries in the region. The market in Europe accounted for second-highest revenue share in the global medical device packaging market, due to high healthcare expenditure by governments of countries, and growing adoption of innovative packaging products followed by markets in Asia Pacific, and Middle East & Africa respectively. The market in Asia Pacific is projected to have fastest growth in terms of revenue, owing to rise in government initiatives for the improvement of healthcare facilities in the region.
Global Medical Device Packaging Market Segmentation:
Global medical device packaging market segmentation by packaging type:
- Bags & pouches
Global medical device packaging market segmentation by material type:
- Paper & paperboard
- Non-woven fabric
Global medical device packaging market segmentation by application:
- Medical equipment & tools
- Medical devices
Global medical device packaging market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Avery Dennison Corporation
- 3M Company
- I. du Pont de Nemours and Company
- CCL Industries, Inc.
- Amcor Limited
- Constantia Flexibles
- Bemis Company, Inc.
- Sonoco Products Company
- WestRock Company
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