Medical Device Packaging Market Study To 2025 With Barger, DuPont, 3M, Constantia, Bemis Company, Inc., Berry Global, Inc., Pentaplast, Klöckner Technipaq, Inc.
Global medical device packaging market is expected to reach USD 37,719.7 million by 2024 from USD 23,400.0 million and growing at a CAGR of 6.2% in forecast period.
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Report Forecasting Regional and Global Analysis on Device Packaging Market Analysis By Drug Delivery Device Packaging (Injectable, Topical, Nasal, Transdermal), Container Type (Pouches, Bags, Blister Packaging, Clamshells, Boxes), Raw Material (Plastics, Paper, Glass), End User (Medical Manufacturing, Contract Packaging, Retail Packaging), Distribution Channel and Geography.
The medical device packaging market is dependent upon the growth of medical devices market. The current market for medical devices is on the rise in developed and developing countries. With the increase in healthcare expenditure, integrating portable healthcare facilities the medical devices market is growing with the same pace. Also an aging population, demand for personalized treatment, and increased availability of healthcare are the major factors which are boosting the growth of this market. Amcor Limited is going to dominate the medical device packaging market following with
· Bemis Company Inc.
· Berry Global Inc.
Others are Mitsubishi Chemical Holdings Corporation, Amcor, Texchem Polymer Engineering Division, Klöckner Pentaplast, CONSTANTIA, Technipaq Inc., Plastic Ingenuity, and Beacon Converters among others.
In accordance with this trend, the remote and virtual healthcare industries are anticipated to benefit from this growth.
Injectable drug delivery device packaging market is growing with the highest CAGR.
Plastic is holding the major share in global medical device packaging market and is growing with highest CAGR.
Medical manufacturing is dominating the medical device packaging market whereas contract packaging is expected to grow with the highest CAGR in the forecast period.
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Key Drivers: Global Medical Device Packaging Market
Some of the major factors driving the market for medical device packaging market are growing medical device market, increase in demand of flexible packaging, and increasing demand of innovative packaging materials.
Stringent government regulations may hinder the growth of this market.
Many companies are increasingly focusing on developing innovative packaging materials in order to strengthen their product portfolios in the medical device packaging market.
Market Segmentation: Global Medical Device Packaging Market
The global medical device packaging market is segmented on the basis of Drug Delivery Device Packaging, Container Type, Raw Material, End User, Distribution Channel And Geography.
· In 2017, the injectable packaging segment is expected to dominate the market with a share of ~31.0% and is expected to continue this trend till 2024.
On the basis of container type, the global medical device packaging market is segmented into
· Blister packaging
· Boxes and others
By raw material, the market is segmented into
· Paper & paper board
· Glass and others
· Plastic is further sub-segmented into polyethylene, polypropylene and others. Polyethylene is sub-segmented into high-density polyethylene and low-density polyethylene.
On the basis of end users, the market is classified into
· Medical manufacturing
· Contract packaging
· Retail packaging
In 2017, the medical manufacturing segment is expected to dominate the market and contract packaging is expected to grow with the highest CAGR in the forecast period.
On the basis of distribution channel, the market is classified into
· Direct tenders
· In 2017, the direct tenders segment is expected to dominate the market and is expected to continue this trend till 2024.
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