Global Medical Device Packaging Market Growing at a CAGR of 6.78% to Reach USD 56.96 Billion By 2030 | Infinium Global Research

Infinium Global Research, a leading market research firm, has recently published an extensive report on the Global Medical Device Packaging Market. This report offers a comprehensive analysis of various segments and sub-segments in the global and regional medical device packaging market, shedding light on the impact of drivers, restraints, and macro indicators over the short and long term. The global medical device packaging market was valued at USD 33.92 Billion in 2022 and is expected to reach USD 56.96 Billion by 2030 and grow at a CAGR of 6.78% over the forecast period.

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Critical Role of Packaging in the Medical Device Industry

Packaging is a vital step in the medical device industry to ensure that products maintain their quality and integrity throughout their journey to end-users. For some medical devices, maintaining sterility during distribution and storage is crucial, such as instruments used by paramedics in the field, which must remain sterile until use. Others, however, do not require sterile packaging due to their nature or the fact that they will be sterilized upon opening at the delivery site. This diversity in packaging requirements highlights the complexity of the medical device packaging process.

Regulatory compliance for medical device packaging materials has mandated that market players improve the quality of packaging materials, which is expected to drive the demand for medical packaging materials worldwide during the forecast period.

Market Drivers and Constraints

Several factors are propelling the growth of the global medical device packaging market. These include an increasing geriatric population, changing disease prevalence, and rising awareness regarding early disease detection and prevention. Furthermore, innovation in producing customized medical devices to meet healthcare sector needs is boosting the demand for medical devices, consequently driving the need for medical device packaging.

Protection against physical damage is critical for expensive medical devices, as any damage during transportation can incur substantial costs. To address this, medical device manufacturers are investing significantly in efficient packaging materials to enhance physical damage control.

Despite these positive drivers, stringent government regulations worldwide may hinder the market's growth. However, the demand for sterile packaging, tamper-proof, and nonreactive products with superior performance and reduced total cost of ownership is driving technological advancements in the global medical device packaging market, creating substantial growth opportunities.

Geographical Expansion and Dominance

The global medical device packaging market is divided into regions, including North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America currently dominates the market due to advanced medicinal product producers focusing on high value-added equipment with specific packaging requirements. Stringent government guidelines and a growing healthcare sector further contribute to regional industry growth. Europe is expected to hold a significant market share due to the strong security protection of therapeutic equipment supported by government regulations. The Asia Pacific region is poised for the fastest growth, driven by growing export and domestic markets for medicinal goods.

Market Segmentation

The report covers various market segments, including packaging type, application, and material. Sub-markets for packaging type include trays, pouches, bags, clam shells, and other packaging types. Application sub-markets encompass sterile packaging and non-sterile packaging. Material sub-markets include paper, plastic, paperboard, and other material types.

Key Players in the Medical Device Packaging Market

Leading companies in the global medical device packaging market include Amcor Limited, Bemis Company Inc, Chesapeake Limited, E. I. du Pont de Nemours and Company, Klöckner Pentaplast Group, 3M Company, WestRock Company, Mitsubishi Chemical Holdings Corporation, Oliver Healthcare Packaging, and other prominent organizations.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Medical Device Packaging Market Highlights

2.2. Medical Device Packaging Market Projection

2.3. Medical Device Packaging Market Regional Highlights

Chapter 3. Global Medical Device Packaging Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Analysis of COVID-19 impact on the Medical Device Packaging Market

3.4. Porter's Five Forces Analysis

3.5. IGR-Growth Matrix Analysis

3.5.1. IGR-Growth Matrix Analysis by Packaging Type

3.5.2. IGR-Growth Matrix Analysis by Application

3.5.3. IGR-Growth Matrix Analysis by Material

3.5.4. IGR-Growth Matrix Analysis by Region

3.6. Value Chain Analysis of Medical Device Packaging Market

Chapter 4. Medical Device Packaging Market Macro Indicator Analysis

Chapter 5. Global Medical Device Packaging Market by Packaging Type

5.1. Trays

5.2. Pouches

5.3. Bags

5.4. Clam Shells

5.5. Other Packaging Types

Chapter 6. Global Medical Device Packaging Market by Application

6.1. Sterile Packaging

6.2. Non-sterile Packaging

Chapter 7. Global Medical Device Packaging Market by Material

7.1. Paper

7.2. Plastic

7.3. Paperboard

7.4. Other Material Types

Chapter 8. Global Medical Device Packaging Market by Region 2023-2030

8.1. North America

8.1.1. North America Medical Device Packaging Market by Packaging Type

8.1.2. North America Medical Device Packaging Market by Application

8.1.3. North America Medical Device Packaging Market by Material

8.1.4. North America Medical Device Packaging Market by Country

8.2. Europe

8.2.1. Europe Medical Device Packaging Market by Packaging Type

8.2.2. Europe Medical Device Packaging Market by Application

8.2.3. Europe Medical Device Packaging Market by Material

8.2.4. Europe Medical Device Packaging Market by Country

8.3. Asia-Pacific

8.3.1. Asia-Pacific Medical Device Packaging Market by Packaging Type

8.3.2. Asia-Pacific Medical Device Packaging Market by Application

8.3.3. Asia-Pacific Medical Device Packaging Market by Material

8.3.4. Asia-Pacific Medical Device Packaging Market by Country

8.4. RoW

8.4.1. RoW Medical Device Packaging Market by Packaging Type

8.4.2. RoW Medical Device Packaging Market by Application

8.4.3. RoW Medical Device Packaging Market by Material

8.4.4. RoW Medical Device Packaging Market by Sub-region

Chapter 9. Company Profiles and Competitive Landscape

9.1. Competitive Landscape in the Global Medical Device Packaging Market

9.2. Companies Profiles

9.2.1. Amcor Limited

9.2.2. Bemis Company Inc

9.2.3. Chesapeake Limited

9.2.4. E. I. du Pont de Nemours and Company

9.2.5. Klöckner Pentaplast Group

9.2.6. 3M Company

9.2.7. WestRock Company

9.2.8. Mitsubishi Chemical Holdings Corporation

9.2.9. Oliver Healthcare Packaging

9.2.10. Other companies

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of medical device packaging.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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