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Medical Device Packaging Market Growth, Analysis Report 2019 With 3M, DuPont, Pentaplast, Constantia, Barger, Berry Global, Inc., Klöckner Technipaq, Inc., Bemis Company, Inc., Beacon Converters And More
Medical Device Packaging Market
Global medical device packaging market is expected to rise from its initial estimated value of USD 27.25 billion in 2018 to a projected value of USD 43.99 billion by 2026, registering a CAGR of 6.17% in the forecast period of 2019-2026. This rise in market value can be attributed to innovations in packaging products offering and services.
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Medical device packaging can be defined as the products and services that are used to cover and protect the medical devices before they are used. The packaging offers protection and enhancement of durability of medical devices. These products and services are used so that the devices are in pristine and sterilized state before their usage.
Market Drivers
· Growth of the overall medical devices market is expected to act as a driver for the market growth; this factor is expected to act as a driver for the market growth
· Need for longer shelf-life of the medical devices which has resulted in growth of demand for effective medical device packaging products; this factor is expected to act as a driver for the market growth
Market Restraint
· Presence of strict requirements and regulations regarding the packaging services and materials used in the packaging of medical devices set by the various organizations; this factor is expected to restrain the market growth
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Segmentation: Global Medical Device Packaging Market
· By Products
Pouches
Trays
Clamshell Packs
Wrap Films
Bags
Boxes
Cans
Others
· By Accessories
Labels
Lidding
Others
· By Material
Glass
Aluminum
Paper & Paperboard
Plastics
Tyvek
Others
· By End-Users
Medical Manufacturing
Contract Packaging
Retail Packaging
Others
· By Distribution Channel
Direct
Retail
· By Geography
o North America
US.
Canada
Mexico
o South America
Brazil
Argentina
Rest of South America
o Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
o Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Thailand
Malaysia
Indonesia
Philippines
Rest of Asia Pacific
o Middle East & Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East & Africa
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.
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