Press release
Global Medical Device Packaging Market 2017 Industry Share, Growth, Segmentation, Trend, Manufacturers(Bemis Company Inc. Berry Global Inc. Barger), Opportunity, New Techniques till 2024
Global Medical Device Packaging Market ? Trends and Forecast to 2024
The Global Medical Device Packaging Market is expected to reach USD 37,719.7 million by 2024 from USD 23,400.0 million in 2016, growing at a CAGR of 6.2% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Medical Device Packaging Market By Drug Delivery Device Packaging (Injectable, Topical, Nasal,Transdermal), Container Type (Pouches, Bags, Blister Packaging, Clamshells, Boxes), Raw Material (Plastics, Paper, Glass), End User (Medical Manufacturing, Contract Packaging, Retail Packaging), Distribution Channel, Geography
Top Competitors:
Amcor Limited is going to dominate the medical device packaging market following with
• Bemis Company Inc.
• Berry Global Inc.
• Barger
• DuPont
• CONSTANTIA
• 3M
• Texchem Polymer Engineering Division
• Klöckner Pentaplast
• CONSTANTIA
• Technipaq Inc.
• Plastic Ingenuity
• Beacon Converters, Inc.
• among others.
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KEY POINTS:-
• Injectable drug delivery device packaging market is growing with the highest CAGR.
• Plastic is holding the major share in global medical device packaging market and is growing with highest CAGR.
• Medical manufacturing is dominating the medical device packaging market whereas contract packaging is expected to grow with the highest CAGR in the forecast period.
Key Market Drivers:
Some of the major factors driving the market for medical device packaging market are growing medical device market, increase in demand of flexible packaging, and increasing demand of innovative packaging materials.
• Stringent government regulations may hinder the growth of this market.
• Many companies are increasingly focusing on developing innovative packaging materials in order to strengthen their product portfolios in the medical device packaging market.
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Market Segmentation:
On the basis:- Drug delivery device packaging, container type, raw material, end user, distribution channel and geography.
In 2017, the injectable packaging segment is expected to dominate the market with a share of ~31.0% and is expected to continue this trend till 2024.
On the basis of container type:- Pouches, bags, blister packaging, clamshells, boxes and others.
By raw material:- Plastics, paper & paper board, glass and others. Plastic is further sub-segmented into polyethylene, polypropylene and others. Polyethylene is sub-segmented into high-density polyethylene and low-density polyethylene.
On the basis of end users:- Medical manufacturing, contract packaging, retail packaging and others. In 2017, the medical manufacturing segment is expected to dominate the market and contract packaging is expected to grow with the highest CAGR in the forecast period.
On the basis of distribution channel:- The market is classified into direct tenders and retail.
In 2017, the direct tenders segment is expected to dominate the market and is expected to continue this trend till 2024.
Some of the major countries covered in this report are:-
• U.S.
• Canada,
• Germany,
• France,
• U.K.,
• Netherlands,
• Switzerland,
• Turkey,
• Russia,
• China,
• India,
• South Korea,
• Japan,
• Australia,
• Singapore,
• Saudi Arabia,
• South Africa,
• Brazil among others.
In 2017, North America is expected to dominate the market
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Questions Answered in Global Medical Device Packaging Market Report:-
What will the market growth rate, Overview and Analysis by Type of Global Medical Device Packaging Market in 2024?
What are the key factors driving, Analysis by Applications and Global Medical Device Packaging Market?
What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Medical Device Packaging Market?
Who are Opportunities, Risk and Driving Force of Global Medical Device Packaging Market?
Who are the opportunities and threats faced by the vendors in Global Medical Device Packaging Market?
What are the Global Medical Device Packaging Market opportunities, market risk and market overview of the Market?
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