Medical Device Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Medical Device Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : May, 2020 | Medical Devices | PPT format

Report Digest


Global Medical Device Packaging Market - Overview

The global medical device packaging market is expected to witness a solid growth in the coming years of the forecast period. In recent years, there has been a growing demand for a sterile and more robust packaging of medical devices. Increasing awareness about the safety of medical devices coupled with strict governmental regulations are expected to help the development of the market growth

Global Medical Device Packaging Market - Notable Developments

The competitive landscape of the global medical device packaging market is a fragmented one because of the presence of several key players. These players in the global market are concentrating on developing new and innovative products that will cater to the growing demand of the end users. In addition to this, these leading companies are also opting for aggressive strategies such as new product launches, partnerships, joint ventures, mergers, and takeovers in order to stay ahead of the competitive curve in the global medical device packaging market. Some of the key players in the global medical device packaging market are Amcor Limited, Berry Plastics Pvt. Ltd., and Bemis Company among others.

  • In January 2019, Oliver Inc. announced that the company has successfully acquired CleanCut Technologies, a medical packaging solutions provider. This move is expected to expand the product portfolio of Oliver and help expand its userbase.

Global Medical Device Packaging Market – Drivers and Restraints

There are multiple factors that are driving the growth of the global medical device packaging market. One of the key driving factors for the market growth has been the longer shelf life provided by these medical device packaging. A long series of tests are performed for assessing the packaging integrity and robustness. This is to check the overall performance of the packaging. Such high tests and integrity checks are spreading the reach of the global medical device packaging market. In addition to this, in recent years, there has been a growing prevalence of new types of diseases. This has created the demand for more technologically advanced diagnostic instruments. This is expected to have a direct impact on the development of the global medical device packaging market. Moreover, strict governmental and regulatory guidelines are also prompting and encouraging use of medical device packaging and thus driving the overall market growth.

Global Medical Device Packaging Market – Geographical Outlook

The global medical device packaging market has five key regions that help us in understanding the overall working dynamics of the market. These regions are North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Of these, currently, the global medical device packaging market is dominated by the regional segment of Europe. The growth of the regional segment is driven due to the presence of strict governmental and regulatory mandates regarding medical packaging. In addition to this, increasing demand for diagnostic equipment, hygiene devices, and rehabilitation products are also helping to push the development of the Europe market. Moreover, the introduction of European packaging standards for terminally sterilized medical equipment has also been a chief driving factor for the development of medical device packaging market in Europe.

On the other hand, the regional segment of Asia Pacific is expected to show a promising growth in the coming years of the forecast period. The presence of emerging economies such as India, Indonesia, and China is expected to present several lucrative business opportunities for the development of the global medical device packaging market. With growing investments for the development of the medical infrastructure, the Asia Pacific region is projected to witness a promising growth in coming years.

Market Segmentation

By Material

  • Plastic
  • Paper
  • Tyvek
  • Aluminium
  • Others Materials

By Product

  • Pouches
  • Trays
  • Boxes
  • Clamshell Packs
  • Blister Packaging
  • Bags
  • Other Products

By Application

  • Sterile Packaging
  • Non - Sterile Packaging

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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