Medical Devices Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2024 - 2032

The global medical devices packaging market, valued at USD 31.30 billion in 2022, is anticipated to witness a robust growth trajectory, registering a Compound Annual Growth Rate (CAGR) of 6.6% over the forecast period. Key factors driving this growth include the rising prevalence of chronic diseases and the increasing demand for sustainable packaging solutions.

According to the World Health Organization (WHO), 71% of deaths worldwide are attributed to chronic diseases, such as heart disease, diabetes, and cancer. In 2020, cancer alone caused approximately 10 million deaths globally, making it the leading cause of death. The American Cancer Society also reports that in 2022, the U.S. saw 1.9 million new cancer cases and 609,360 cancer-related deaths. As chronic conditions rise, there is a growing need for specialized medical devices such as implants and monitoring equipment, which in turn, require unique packaging solutions to ensure sterility and product safety.

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Key Market Drivers:

Technological Advancements: Rapid developments in packaging technology, including the use of nanotechnology, bioplastics, and antimicrobial coatings, are positively impacting the medical devices packaging market. Companies are taking steps to offer more sustainable packaging options. For instance, in November 2023, Ostium Group partnered with Eastman to use recycled materials for their medical kits, helping to reduce environmental impact while maintaining product durability and safety.

Increasing Healthcare Expenditure: The rise in global healthcare spending, which reached USD 9 trillion in recent years, is also expected to fuel market growth. Governments and organizations worldwide are investing heavily in medical devices and advanced treatments, contributing to an increased demand for medical device packaging.

Market Challenges:

Despite the promising growth, the market faces challenges related to strict regulatory requirements. Various countries have different packaging regulations, which complicate the process for manufacturers operating in multiple regions. The need for ongoing compliance with updated guidelines, along with lengthy testing and certification procedures, adds to production time and costs.

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Product Insights:

The medical devices packaging market is segmented into pouches, trays, clamshell packs, boxes, and others. Pouches emerged as the dominant segment in 2022 due to their versatility and cost-effectiveness. These pouches are adaptable to various medical products and come with secure seals to preserve sterility. Tamper-evident features further enhance product safety. On the other hand, trays are gaining popularity in specific medical procedures, offering specialized compartments for instruments and enhancing infection control.

Material Insights:

The plastic segment is expected to dominate the market during the forecast period. Plastics such as Polypropylene (PP) and Polyethylene Terephthalate (PET) are widely used due to their ability to withstand sterilization processes. Plastic packaging is often preferred for surgical instruments and other sterile medical devices due to its protective properties. For example, Spartech's MediSheet, a high-density polyethylene material, is designed to securely hold medical devices in sterile packaging during transportation and use.

End-Use Insights:

In terms of end-use, medical packaging holds a significant market share, driven by the rising demand for single-use medical devices. Single-use devices, which are often more cost-effective and easier to handle, require specialized packaging to ensure sterility and protection from damage during shipping and storage.

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.

Some major players included in the global medical devices packaging market report are:

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.

Medical Devices Packaging Latest Industry Updates

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.

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Medical Devices Packaging Market Segmentation 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)

Trays
Pouches
Clamshell Packs
Boxes
Blisters
Others

Material Outlook (Revenue, USD Billion; 2019-2032)

Plastic
Paper & Paperboard
Glass
Foil
Others

Distribution Channel Outlook (Revenue, USD Billion; 2019-2032)

Direct
Retail

Accessories Outlook (Revenue, USD Billion; 2019-2032)

Labels
Lidding
Others

End-Use Outlook (Revenue, USD Billion; 2019-2032)

Medical Packaging
Contract Packaging
Retail Packaging
Others

Regional Outlook (Revenue, USD Billion; 2019-2032)

North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa

Medical Devices Packaging Market Snapshots

Medical Devices Packaging Market Size: https://www.emergenresearch.com/industry-report/medical-devices-packaging-market/market-size
Medical Devices Packaging Market Share: https://www.emergenresearch.com/industry-report/medical-devices-packaging-market/market-share
Medical Devices Packaging Market Trends: https://www.emergenresearch.com/industry-report/medical-devices-packaging-market/market-trends
Medical Devices Packaging Regional Market Demand: https://www.emergenresearch.com/industry-report/medical-devices-packaging-market/regional-market-demand
Medical Devices Packaging Market Analysis: https://www.emergenresearch.com/industry-report/medical-devices-packaging-market/market-analysis

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