Medical Packaging Market, By Material, Packaging Type, Packing Type, Application
One of the major factor contributing to the growth of medical packaging market includes increasing number of hospitals and diagnostic centers and the growing healthcare industry. According to the Centre Of Medicare & Medicaid Services, in 2015, National Health Expenditure (NHE) grew to 5.8% to US$ 3.2 trillion or US$ 9,990 per person, playing a key role in the growth of healthcare industry. The gain in momentum of the plastic packaging industry, with focus on cost-effectiveness, is also playing a key role in growth of medical packaging market. According to Coherent Market Insights (CMI), the global plastic packaging market is expected to grow at a CAGR of 5.3% in terms of revenue and 5.1% in terms of volume during 2017-2025.
Request a sample copy of this report: https://www.coherentmarketinsights.com/insight/request-sample/949
However, price fluctuations of raw materials such as resin and oil act as a major restraint for the medical packaging market. Shortage of packaging materials supply also affects the growth of the medical packaging market.
Medical Packaging Market Outlook:
North America is leading the global medical packaging market. The U.S was leading market in this region in 2016. The increasing health awareness along with the growing healthcare industry is a major driving factor for the growth of medical packaging market in the region. North America is expected to lead the medical packaging market throughout the forecast period, owing to continuous product innovation and focus on extensive research and development activities namely child-resistant packs and pre-filled syringes. According to a report of Coherent Market Insights (CMI), in North America, the pharmaceutical equipment packaging industry accounted for around 40% of the market in 2016 and expected to retain its position through the forecast period.
Asia Pacific is the fastest growing region in medical packaging market with China, Japan, and India being the key markets in the region. The medical device market for APAC is expected to witness the fastest CAGR growth during the forecast period, which is expected to propel the growth of medical packaging market. In terms of packaging by material, Polymer held the major share in the medical device market in this region in 2016.
Check the trending report : https://www.coherentmarketinsights.com/ongoing-insight/adhesives-and-sealants-market-949
Key players in the Medical Packaging Market:
Some of the major players operating the global medical packaging market include E. I. du Pont de Nemours and Company (U.S), Riverside Medical Packaging Company Ltd. (U.K.), Constantia Flexibles Group GmbH (Austria), Avery Dennison Corporation (U.S.), Amcor Limited (Australia), Placon Corporation (U.S.), 3M Company (U.S.), Wipak Group (Germany), West Pharmaceutical Services, Inc. (U.S.), Bemis Company (U.S.), and SteriPack Ltd. (Ireland).
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Medical Packaging Market, By Material, Packaging Type, Packing Type, Application here
News-ID: 1101580 • Views: 489
More Releases from CMI-Research Reports
Corrosion Resistant Resin Market - Global Industry Insights Opportunity Analysis …
Resin is highly viscous or solid substance which can be natural or of synthetic origin. Corrosion resistance resins are mainly formulated as isophthalic, vinyl ester, and terephthalic resins to impart desired property of corrosion resistance. They have application in oil & gas, automotive, and marine industries However, corrosion is major challenges faced by manufactures operating in these industries, as it leads to high monetary and property losses across the aforementioned
Textile Packaging Market - Global Industry Insights, Trends, Outlook, and Opport …
Packaging textiles comprise all types of textile packing material for industrial, agricultural, and other goods. Textiles are usually preferred as packing materials, where scratch free and safe handling of materials is expected. Textile bags are extensively used for tea packaging. Non-woven textiles offer supreme abrasion resistance, good barrier performance, balanced waterproof properties and air-permeability, excellent tearing and tensile strength, highly uniformed appearance. Soft luggage bags such as totes, duffle, uprights, and
Increasing Electrical and Electronics Industry Growth Leading to Augmented Deman …
Gaffers Tape Market Outlook - Asia Pacific is one of the largest markets for gaffers tape. This is mainly attributed to the rapidly growing construction industry in this region. According to India Brand Equity Foundation (IBEF)—a trust by the Department of Commerce, Ministry of Commerce and Industry, Government of India—,in FY2020 the Indian construction Industry is estimated to reach a value of US$ 5 billion. This inadvertently would boost growth
Polyvinylidene Fluoride (PVDF) Market - Global Industry Insights, Opportunity An …
Polyvinylidene fluoride (PVDF) is a highly non-reactive thermoplastic fluoropolymer. It is chemically inert to most alcohols, acids, aromatic and aliphatic organic compounds, and chlorinated solvents. It offers properties such as low coefficient of friction, excellent intrinsic fire resistance, operability over a wide range of temperatures, good resistance to UV and radiation, capability for thermoforming, and can be easily joined by welding. Polyvinylidene fluoride is processed by various methods such as
More Releases for Medical
Medical Gloves Market
https://www.qandqmarketresearch.com/reports/7563357/medical-gloves-market-98 The global Medical Gloves market is valued at million US$ in 2018 and will reach million US$ by the end of 2025, growing at a CAGR of during 20192025. The objectives of this study are to define, segment, and project the size of the Medical Gloves market based on company, product type, end user and key regions. This report studies the global market size of Medical Gloves in key regions like
Medical Simulation Market -
Medical Simulation Market by Product & Service, Fidelity, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global medical simulation market was valued at $986 million in 2016, and is projected to reach $2,526 million by 2023, growing at a CAGR of 14.3% from 2017 to 2023. By product & service, the model-based simulation held more than half of the global medical simulation market in 2016. Access Full Summary
Global Embolization Particle Industry 2018 - Sirtex Medical, Merit Medical, Cook …
The Global Embolization Particle Industry 2018 Market Research Report is a professional and in-depth study on the current state of the Embolization Particle industry. Firstly, Embolization Particle Market report provides a basic overview of the Embolization Particle industry including definitions, classifications, applications and Embolization Particle industry chain structure. Global Embolization Particle Market analysis is provided for the international market including development history, Embolization Particle industry competitive landscape analysis, and major regions
Medical Power Market Medical Power Market
This report studies Medical Power in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. Request for discount @ https://www.researchtrades.com/discount/1445183 This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering Astrodyne TDI (US) CUI Inc. (US) Delta Electronic, Inc (TW) Excelsys
Medical Ventilators – Medical Devices Pipeline Assessment, 2017
ReportBazzar has released its latest research-based report entitled ‘Medical Ventilators’ market. This report provides a holistic approach to the market growth with a detailed and precise analysis of the overall competitive scenario of the Medical Ventilators market. The report also provides a detailed analysis of key trends and latest technologies, playing a prominent role in the Medical Ventilators market growth. It takes into account aspects such as drivers, restraints, challenges, and
Global Medical Manifolds Market 2017 : Fresenius Kabi, ICU Medical, Demax Medica …
Medical Manifolds A market study based on the " Medical Manifolds Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Medical Manifolds market 2017’. The research report analyses the historical as well as present performance of the worldwide Medical Manifolds industry, and makes predictions on the future status of Medical Manifolds market on the basis of this analysis. Get Free Sample Copy of