Medical Device Packaging Market is Segmented by Product Outlook (Revenue, USD Million, 2020 - 2027) of Trays, Pouches, Clamshell
and Others. Application Outlook (Revenue, USD Million, 2020 - 2027) by Sterile Packaging and Non-sterile Packaging.
Medical device packaging Market size was estimated at $31,117.4 Million in 2019 and is expected to reach $47,192.1 Million by 2027, growing at a CAGR of 6.13% during the forecast period of 2020 to 2027.
Medical device packaging is a type of sterile barrier that contains medical equipment and not only keeps is sterile but needs to be able to protect the equipment contained inside the packaging. Medical device packaging is created by manufacturers of medical devices and equipment and is used to transport them to hospitals, clinics and is also found in some ambulances.
There has been a huge increase in demand for medical device packaging as more and more medical supplies are being ordered by hospitals. This is because of the increase in people needing medical attention like those suffering from coronavirus or other illnesses as well as the increase in accidents.
The problem with this increase in demand is that majority of the medical device packages are plastic which means that they take longer to degrade and will contribute to pollution as well as the earths carbon footprint. Another problem is that suppliers are unable to keep up with the constant demand for medical device packaging meaning that certain equipment will be delayed as it needs to be in a sterile package. This will then cause a shortage of equipment for hospitals leaving some patients vulnerable and unable to be helped.
Medical Device Packaging Market Growth and Trends
Healthcare and pharmaceutical expenditure has recently increased manifold all across the globe, offering ample opportunity for medical device packaging manufacturers. Advanced healthcare facilities are available in developed countries, which includes ambulatory surgical centers, urgent care centres, clinics and medical offices, orthopaedic, and other rehabilitation centres. As a result, medical device packaging manufacturers can target these highly progressive countries to become part of this multi-billion dollar, fast-growing market. The market of medical device packaging is anticipated to create steep growth and investment opportunities for players in the market. In addition, the contract packaging end-use segment is most likely to boost the sales of medical device packaging globally in the coming years. From the overall perspective, transportation, logistics, and run time cost is reduced to a greater extent. Increasing demand for easy-to-use and easy-to-dispose packaging solutions further influences the growth of the global medical device packaging market. There is an increasing demand for packaging solutions maintaining the integrity of the package, which includes highly crucial and fragile implants, equipment, and instruments throughout the supply chain. The product segment is also expected to experience great demand in the upcoming period as it ensures high levels of safety of medical devices against shock, vibration, and bursting, and this essential requirement for protection is predicted to play a major role in fuelling the growth of the global medical device packaging market.
On a worldwide basis, there are stringent norms enforced by governmental organizations dealing with medical device packaging and its careful handling, thereby acting as a deterrent to the growth of the global medical device packaging market. However, compliance with those norms on an ethical basis increases the possibility of market growth on a hassle-free basis. A temporary snag in the supply chain due to Covid-19 may affect the market only on a short-term basis.
Medical Device Packaging Market Competition
Key companies operating in this industry are DowDuPont, 3M, Mitsubishi Chemical, Amcor, Berry Plastics, TAKO, Texchem-pack, Klockner Pentaplast, Constantia Flexibles, Technipaq, Barger (Placon), Plastic Ingenuity, Beacon Converters and Rollprint.
• Medical Device Packaging Market Revenue Estimation and Forecast (2020 – 2027)
• Production Estimation and Forecast (2020 – 2027)
• Sales/Consumption Volume Estimation and Forecast (2020 – 2027)
• Breakdown of Revenue by Segments (2020 – 2027)
• Breakdown of Production by Segments (2020 – 2027)
• Breakdown of Sales Volume by Segments (2020 – 2027)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
Medical Device Packaging Market Segmentation
Product Outlook (Revenue, USD Million, 2020 - 2027)
Application Outlook (Revenue, USD Million, 2020 - 2027)
• Sterile Packaging
• Non-sterile Packaging
Country (Revenue, USD Million, 2020 - 2027)
• United States
• South Korea
• Rest of Asia Pacific
• Rest of Europe
• Rest of South America
The Middle East and Africa
• Saudi Arabia
Medical Device Packaging Market Companies
• Mitsubishi Chemical
• Berry Plastics
• Klockner Pentaplast
• Constantia Flexibles
• Barger (Placon)
• Plastic Ingenuity
• Beacon Converters
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