Medical Devices Packaging Market is Estimated to Earn Revenues worth USD 39.49 billion while Expanding at a 6.13 % CAGR in the Forecast period 2020-2024

The medical devices packaging market was valued at USD 27.63 billion in 2018 and is expected to reach a value of USD 39.49 billion by 2024 at a CAGR of 6.13 % over the forecast period 2019 - 2024.

Companies are focusing on reducing material and energy required in packaging. This is where 'green packaging designs' come into play and is an ongoing trend now. By involving a medical devices packaging partner in the initial stages of product development, companies can create packaging that is innovative and sustainable.

The medical devices packaging market is growing as healthcare industry has witnessed rapid changes over time with outbreak of new diseases, growth in regulatory norms and growth in advanced healthcare systems. This has resulted in the implementation of a standardized packaging process where flexible packaging demand is growing in the applications of sterile and non - sterile packaging.

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Market Segmentation-

The Global Medical Devices Packaging market report chiefly includes following manufacturers-

Amcor Limited, Bemis Company, Inc., Berry Plastics Pvt. Ltd., DuPont Company, WestRock Company, Mitsubishi Chemical Holdings, Chesapeake Pharmaceutical and Healthcare Packaging, Technipaq Inc., SteriPack Group, Riverside Medical Packaging Company Ltd., Wipak Group

Global Medical Devices Packaging Market Competitive Landscape

Plastic to Gain Significant Market Share Owing to Polycarbonate (PC) Packaging

- Plastics are the workhorse at the heart of medical packaging solutions. These are the perfect materials for shipping and storing intricate devices, drugs, and other medical instruments. Whether theyre essential medical supplies such as IV bags and syringes or lifesaving medical devices such as incubators and dialysis machines, plastics help improve health and save lives around the world.
- Polycarbonate is a tough, transparent plastic material with outstanding strength and impact resistance, which makes an ideal material for medical device sterile packaging. It can be formed at a lower temperature compared to other plastics which can result in faster cycles times.
- Packaging for medical devices is often fabricated from thermoformed Polycarbonate film, which is a polymer-based medical devices packaging. Such films allow the package and its contents to be sterilized together by exposure to radiation. Emerging applications of PC through thermoformed include inhalers for the consumer market, ophthalmic products, orthopedic materials, and "lab-on-a-chip" devices for determining blood chemistry or analyzing proteins.

Key Developments

- Jan 2019 - Oliver announced the acquisition of CleanCut Technologies, a medical packaging solutions provider situated in California, United States. After this acquisition, Oliver has expanded their product portfolios and expanded their production capabilities in the provision of medical packaging products and services.

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Table of Contents

Executive Summary: The report begins with a summary of the entire research study, along with CAGR and value or volume forecasts.

Top Segments: As the name suggests, this section gives details about leading and also other segments, their growth potential, share, and other important factors.

Leading Regions: Here, readers are provided with an in-depth study on key regions and countries and their overall growth during the forecast period.

Company Profiling: This section includes a detailed comparison of top Medical Devices Packaging players, accurate analysis of the competitive landscape, and other studies.

Dynamics: Buyers of the report have access to an intelligent research study on crucial drivers, restraints, trends, and opportunities in the Medical Devices Packaging business.

Conclusion: Here, the analysts authoring the report have provided their overall take on the Medical Devices Packaging business and the industry. This section also includes important findings from the research study.

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