Medical Devices Packaging Market Size Worth USD 58.31 Billion in 2032 | Emergen Research

The global medical devices packaging market size was USD 31.30 Billion in 2022 and is expected to register a rapid revenue CAGR of 6.6% during the forecast period. The global medical devices packaging market is witnessing substantial growth, driven by the increasing prevalence of chronic diseases and the rising demand for sustainable packaging solutions. According to recent statistics from the World Health Organization (WHO), chronic diseases account for a significant portion of global deaths, with cancer being the leading cause. Additionally, the market is fueled by rapid technological advancements and increasing healthcare expenditures worldwide.

Key Market Drivers:

Rapid Technological Advancements:

The market is experiencing significant advancements in packaging technologies, including nanotechnology, bioplastics, and antimicrobial coatings. These innovations ensure sterility, product integrity, and compliance with regulatory standards.

Increasing Healthcare Expenditures:

Globally, there's a surge in healthcare spending, leading to investments in advanced medical treatments, pharmaceuticals, and medical devices. This increased expenditure propels the demand for efficient and specialized packaging solutions.

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Market Restraints:

The market faces challenges due to strict regulatory requirements governing medical devices packaging. Varying regulations across different regions add complexity for manufacturers, requiring them to adapt packaging and processes accordingly. Moreover, compliance testing procedures are lengthy and costly, impacting production time and expenses.

Segment Insights:

Product Type:

• Pouches: Versatile pouches dominate the market due to their adaptability, secure seals, and cost-effectiveness.

• Trays: The trays segment is steadily growing, catering to specialized medical device configurations and surgical procedures, with features enhancing infection control.

Material:

• Plastic: Plastic packaging, particularly Polypropylene and Polyethylene Terephthalate, holds a significant market share due to their durability, sterility maintenance, and cost-effectiveness.

End Use:

• Medical Segment: With the rising demand for single-use medical devices, the medical packaging segment is registering moderate growth. Customized packaging solutions are increasingly sought after to meet specific needs, ensuring sterility and ease of use.

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Notable Partnerships and Innovations:

• Ostium Group's partnership with Eastman to utilize sustainable packaging solutions for hip replacement kits.

• Spartech's use of MediSheet, a specialized High-Density Polyethylene material, for securely holding medical devices in sterile packaging.

Future Outlook:

The global medical devices packaging market is poised for continued growth, driven by technological advancements, increasing healthcare expenditures, and the need for specialized packaging solutions. Manufacturers are expected to focus on sustainability, innovation, and compliance with evolving regulatory standards to meet the demands of the healthcare industry.

Medical Devices Packaging Top Companies and Competitive Landscape

The global medical devices packaging market is fairly fragmented, with many large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more medical device packaging devices solutions.

• Amcor plc
• DuPont
• CCL Industries
• Berry Global, Inc.
• Mitsubishi Chemical Group Corporation
• WestRock Company
• Sonoco Products Company
• Constantia Flexibles
• West Pharmaceutical Services, Inc.
• Riverside Medical Packaging Company Ltd.

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Medical Devices Packaging Latest Industry News

• On 8 August 2023, DuPont announced the acquisition of Spectrum Plastics Group. Spectrum Plastics Group brings a wealth of expertise and capabilities in critical therapeutic areas such as structural heart, electrophysiology, surgical robotics, and cardiovascular medicine. This strategic acquisition strengthens DuPont's position in the fast-growing healthcare market and enhance its portfolio of innovative medical device solutions.

• On 20 September 2020, Eastman and Ethicon announced their partnership to utilize Eastman Renew materials for medical device sterile barrier packaging. This agreement enables Ethicon to employ Easter Renew 6763 copolyester, a product indistinguishable from Easter 6763 copolyester in terms of durability, safety, and performance. The key distinction lies in the ability to certify that plastic waste is diverted from landfills and repurposed into new packaging by Eastar Renew.

Medical Devices Packaging Market Segment Analysis

For the purpose of this report, Emergen Research has segmented the global medical devices packaging market on the basis of product type, material, distribution channel, accessories, end-use, and region:

• Product Type Outlook (Revenue, USD Billion; 2019-2032)
o Trays
o Pouches
o Clamshell Packs
o Boxes
o Blisters
o Others

• Material Outlook (Revenue, USD Billion; 2019-2032)
o Plastic
o Paper & Paperboard
o Glass
o Foil
o Others

• Distribution Channel Outlook (Revenue, USD Billion; 2019-2032)
o Direct
o Retail

• Accessories Outlook (Revenue, USD Billion; 2019-2032)
o Labels
o Lidding
o Others

• End-Use Outlook (Revenue, USD Billion; 2019-2032)
o Medical Packaging
o Contract Packaging
o Retail Packaging
o Others

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of Middle East & Africa

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