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Medical Device Packaging Market Size 2021 Industry Share, Strategy, Global Trend, Geographical Statistics, Growth Status, Key Cost Structure and Future Investments Analysis Report 2027

Report Ocean presents a new report on medical device packaging market size, share, growth, industry trends, and forecast 2027, covering various industry elements and growth trends helpful for predicting the market’s future.

The global medical device packaging market was valued at 22,096 Million in 2020. The market is forecast to grow at a CAGR of 7.48% during the forecast period from 2021-2027.

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The integrity of the package is essential for protecting medical devices. Medical devices must be packaged properly to prevent physical damage, biological contamination, and any other external disturbance. A label facilitates proper identification of the device as another reason for packaging. Besides, the packaging of medical devices plays a crucial role in ensuring the devices remain safe and secure throughout their shelf lives. The function of packaging is to protect and communicate with the environment, humans, and vice versa.

Factors Affecting the Global Medical Device Packaging Market

This market is driven by factors such as technological developments in the medical device industry, the introduction of several advanced medical devices that require specialized packaging solutions, and increased demand for innovative packaging solutions due to increased production and supply of medical devices, medicines, and drugs globally.

An increase in healthcare spending, owing to a rise in health awareness, is also supportive of the medical devices packaging market growth.

Global market growth is slowed by stringent rules and regulations instituted by governments across the globe.

In the global medical device packaging market, technological developments that provide sterile packaging, tamper-proof products, nonreactive products with great performance, and reduced total cost of ownership will boost the growth of the market, thereby creating substantial opportunities for growth.

Covid-19 Impact on the Global Medical Device Packaging Market

Globally, workflows have been disrupted by the Covid-19 outbreak. An increasing number of industries have reopened after the disease forced them to shut down. Healthcare is drastically affected across several subdomains.

A moderate effect has also been observed on the medical device and supplies market, including medical device packaging.

Due to various scenarios of surgical practices being adversely affected by the current crisis, the market for medical device packaging has been adversely affected in recent months. Additionally, guidelines were written for every surgical specialty on how to handle this crisis.

In the absence of hospital beds, a decline in the number of beds positively impacted the medical devices packaging market.

Pandemics drove an increase in the demand for medical devices, such as ventilators, respirators, and oximeters, which assisted in the management of diseases affecting the respiratory tract. Hence, medical devices, which require packaging, further fuel the market growth.

The medical device packaging market is further negatively affected by banned imports and exports.

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Regional Outlook: The Global Medical Device Packaging Market

In the upcoming years, the North American market for medical device packaging is expected to take the lead.

Due to the presence of developed countries with prosperous economies, aging populations, and advanced medical systems, it is expected that the market in the region will grow in the future.

A large number of people in countries, an increase in healthcare spending intensity, the level of gross domestic product (GDP), and the structure of health insurance plans all contribute to the market’s growth.

Additional factors leading the market in the future include the growing primary care community, extensive medical and life science research activities, and high levels of healthcare spending. Furthermore, large pharmaceutical and medical supply and device industries are also contributing to market growth in the upcoming years.

Key Players in the Global Medical Device Packaging Market

Several leading companies in the global medical device packaging market are:

WestRock Company

Amcor Limited

DuPont

Berry Global Inc.

3M Company

CCL industries INC.

Constantia Flexibles

Klöckner Pentaplast Group

Mitsubishi Chemical Holdings Corporation

Sonoco Products Company

Other Prominent Players

Aim of the Report: The Global Medical Device Packaging Market

The global medical device packaging market is segmented by Product Type, Application, Material Type, and Region.

Segmentation based on Product Type

Pouches

Clamshell Packs

Boxes

Bags

Blisters

Others

Segmentation based on Application

Sterile Packaging

Non-Sterile Packaging

Segmentation based on Material Type

Plastic

Paper & Paperboard

Foils

Glass

Others

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Segmentation based on Region

North America

The U.S.

Canada

Mexico

Europe

Western Europe

The UK

Germany

France

Italy

Spain

Rest of Western Europe

Eastern Europe

Poland

Russia

Rest of Eastern Europe

Asia Pacific

China

India

Japan

Australia & New Zealand

ASEAN

Rest of Asia Pacific

Middle East & Africa (MEA)

UAE

Saudi Arabia

South Africa

Rest of MEA

South America

Brazil

Argentina

Rest of South America

What are the aspects of this report that relate to regional analysis?

The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.

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About Report Ocean:

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Updated : 2022-05-17 18:45 GMT+08:00