Medical Device Packaging Market to cross US$ 48.1 Bn by 2027, Says Future Market Insights

The medical device packaging market is projected to reach $15.3 billion by 2027, growing at a CAGR of 5.3% during the forecast period 2020-2027, according to a new report by Research and Markets. The increasing demand for medical devices and the growing demand for advanced packaging solutions are the key factors driving the growth of the market.

Medical devices are widely used in the healthcare industry for diagnosis, treatment, and monitoring of various medical conditions. These devices are highly sensitive and require special packaging solutions to protect them from damage during transportation and storage. The medical device packaging market includes a wide range of packaging solutions such as trays, blisters, pouches, and clamshells.

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One of the major factors driving the growth of the medical device packaging market is the increasing demand for medical devices. The growing aging population and the increasing prevalence of chronic diseases are leading to an increased demand for medical devices. The rising adoption of medical devices in home healthcare is also driving the growth of the market.

The growing demand for advanced packaging solutions is also driving the growth of the medical device packaging market. Advances in packaging technology have led to the development of innovative packaging solutions that provide enhanced protection for medical devices. The increasing use of smart packaging solutions that enable real-time monitoring of medical devices is also driving the growth of the market.

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The medical device packaging market is segmented based on product, material, and end-user. Based on product, the market is segmented into trays, blisters, pouches, and clamshells. Trays are expected to dominate the market during the forecast period due to their wide use in packaging of medical devices. Based on material, the market is segmented into plastic, paper & paperboard, and metal. Plastic is expected to dominate the market due to its lightweight, cost-effective, and easy to use properties. Based on end-user, the market is segmented into hospitals, home healthcare, and others. Hospitals are expected to dominate the market during the forecast period due to the increasing adoption of medical devices in hospitals.

In conclusion, the medical device packaging market is expected to witness significant growth during the forecast period due to the increasing demand for medical devices and the growing demand for advanced packaging solutions. The increasing adoption of medical devices in home healthcare and the growing aging population are also driving the growth of the market. The major players operating in the market are focused on strategies such as partnerships, collaborations, and new product launches to expand their market presence.

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Key Segments Covered in Medical Device Packaging Industry Research

Medical Device Packaging Market by Packaging Type:
• Bags & Pouches
• Containers
• Trays
• Stick Packs
• Clamshell Blister Packs
• Boxes
• Others (Flow Wraps etc.)

Medical Device Packaging Market by Raw Material:
• PE
o HDPE
o LDPE
o LLDPE
• PET
• PP
• PS
• PVC
• Aluminium
• Glass
• Paper Laminates
• Fabric
• Others (PLA, PHA etc.)

Medical Device Packaging Market by Application:
• Disposable Consumables
• Monitoring & Diagnostic Equipment
• Therapeutic Equipment

Medical Device Packaging Market by End-user:
• Medical Manufacturing
• Contract Packaging
• Others

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This release was published on openPR.