Medical Device Packaging Market – Overview
The Medical device packaging market design is an integral part of delivering device to market safely and securely, with the sterile barrier intact. Medical device packaging allow its contents to be sterilized and then must maintain that sterility until the time of use, all while optimally balancing the multitude of considerations that are part of the package development process. Types include bags, overwraps, pouches, trays, and clamshells comprising a variety of materials, some flexible, others rigid.
According to which, continuing with the same trends the global Medical Device Packaging market is projected to perceive an outstanding growth by 2023 registering a striking CAGR during the anticipated period (2017 – 2023).
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Increasing healthcare expenditures along with growing health awareness among aging population may drive industry growth. Rising demand from the health care sector, usage of reliable packing and growing aging population may fuel product demand.
Key Players
- Amcor Limited
- Bemis Company Inc
- Chesapeake Limited
- I. du Pont de Nemours and Company
- Klöckner Pentaplast Group
- 3M Company
- WestRock Company
- Mitsubishi Chemical Holdings Corporation and Oliver-Tolas
Target Audience
Manufactures
Raw Materials Suppliers
Aftermarket supplier
Research Institute / Education Institute
Potential Investors
Key executive (CEO and COO) and strategy growth manager
Industry Overview
The major driving factors of growth of medical device packaging market are the increased demand of flexible packaging, growing medical device market, increasing importance of packaging for medical device, increase in demand for innovative products such as child resistant and tamper evident packaging are fuelling the growth of the medical device packaging market. On the other hand, stringent government regulations may hinder the growth of the market.
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.
Medical Device Packaging Market – Segments
Medical Device Packaging Industry is segmented by 3 key dynamics
Segmentation By Material – Plastic, Paper & Paperboard and others
Segmentation By Product- Pouches, Trays, Bags, Clamshell Packs and others
Segmentation by Regions– Comprises regions – North America, Europe, APAC and Rest of the World.
Medical Device Packaging Market – Regional Analysis
Medical Device Packaging market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America region has 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 industry size, led by France, UK, Germany and Italy,, may have a strong market share due to strong security protection of therapeutic equipment supported by government regulations will drive regional industry growth.
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain Of Global Medical Device Packaging Market
Continues…..
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