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The medical devices packaging market size is forecast to increase by USD 15.3 billion at a CAGR of 8.8% between 2023 and 2028. Market growth is contingent upon several factors, including the increasing adoption of medical devices, significant healthcare expenditure on medical technologies, and a transition towards smart packaging for medical devices. As the use of medical devices becomes more widespread, driven by advancements in healthcare technologies and treatment modalities, the market experiences substantial expansion. Additionally, the high healthcare expenditure allocated to medical technologies further stimulates market growth, reflecting the prioritization of healthcare innovation and improvement. Moreover, the shift towards smart packaging solutions for medical devices enhances safety, usability, and efficiency in healthcare delivery, contributing to the market's upward trajectory. These interconnected trends underscore the dynamic evolution of the medical device industry, presenting opportunities for innovation and collaboration to meet the growing demands of healthcare providers and patients while driving advancements in patient care and outcomes.
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The medical devices packaging market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
The sterile packaging segment is estimated to witness significant growth during the forecast period. A product against contamination is protected with sterile medical packaging of a medical device. It offers a device barrier between the device and its environment.
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The sterile packaging was the largest segment and was valued at USD 12.25 billion in 2018. They are frequently applied to invasive, Incipient, or single-use products that have come into contact with human tissue and fluids. A variety of materials, such as foil packages, Tyvek pouches, blister packaging, and rigid packs, are commonly used for the packing of sterile devices. The material must be resistant to air and water vapor. That way, the package can be prevented from being contaminated with microorganisms. Thus, the sterile packaging-segment is expected to grow significantly as it avoids contamination as well as protects them from physical damage in the global market during the forecast period.
Based on the product, the market has been segmented into pouches, trays, clamshells, and boxes and others. The pouches segment will account for the largest share of this segment.?Pouches are widely manufactured using materials such as paper, synthetic fiber, and aluminum films. Cardiovascular implants such as cardiac pacemakers and coronary stents are usually packed in pouches made from a combination of Tyvek or nylon and polyethylene. The lower cost of pouch-packaging than the other types of packaging-solutions is driving the pouch-packaging segment. Also, the increase in demand for sterilized, single-use products such as disposable balloons, dilation catheters, and syringes packed using pouches is driving the global market through the pouches segment during the forecast period.
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Europe is estimated to contribute 31% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Europe accounts for more than 25,000 medical technology companies, most of which are based in Germany, the UK, Italy, Switzerland, France, and Spain. Small and medium enterprises (SMEs) make up almost 95% of the medical technology industry, which requires frequent medical device-packaging. The industry in this region is expected to experience growth owing to efficient logistics connectivity and developed infrastructure.
In addition, the increase in healthcare expenditures and the strong presence of established companies are driving the growth of the market in this region. Germany is the largest revenue contributor to the market in Europe, followed by France and the UK. The market in Germany is almost entirely made up of SMEs, is highly innovative, and generates most of its revenue from exports. Such factors are expected to drive the regional market growth during the forecast period. In addition, the North America medical device packaging market is also witnessing strong growth.
In the medical devices sector, packaging plays a critical role in ensuring product safety and minimizing the environmental footprint. With increasing focus on waste management systems and reducing single-use plastics, manufacturers are turning to sustainable alternatives like compostable and biodegradable packaging made from recycled materials. From dialysis disconnect caps to IV catheters and other IV solutions, sterile packaging is essential to maintain product integrity and prevent contamination from pathogenic microbes. Hospitals and diagnostic centers rely on tamper-proof packaging equipped with NFC technology for enhanced security. Furthermore, advancements in disinfection and sterilization techniques ensure high-quality medical appliances and high-tech equipment are delivered in a safe and sterile environment. As the industry continues to prioritize sustainability and safety, innovative packaging solutions are driving positive changes in the market.
Significant healthcare spending on medical technologies propels market growth, attributed to factors like the aging population, heightened public demand, and income growth. Crucially, advancements in medical technologies drive this surge, enabling healthcare staff to diagnose and treat illnesses more effectively. Such innovations amplify healthcare expenditure, particularly notable in Europe. Technological strides in medical science revolutionize treatment methodologies, reflecting the increasing investment in healthcare.
Moreover, an increase in healthcare spending on medical technologies brings potentially new types of medical devices to the market. As the availability, number, and types of devices in the market increase, the demand for medical device packaging will also increase. Thus, high healthcare expenditure on medical technologies will increase the demand for advanced packaging, thus driving the growth of the global market during the forecast period.
An increase in demand for child-resistant packaging is an emerging trend shaping the market growth. The increase in demand for tamper-evident or child-resistant packaging solutions is expected to play a significant role in the growth of the global market. This demand is driving various packaging companies to develop medical device packaging that cannot be opened by children. For instance, packaging-products by Amcor Inc. have properties such as burst and puncture resistance and barrier against chemicals, moisture, and water.
Further, the growing concerns about child health in these countries are likely to encourage manufacturers to invest in the region and expand their business in these lucrative and attractive markets. Thus, the growth of the child-resistant packaging-market will drive the global market during the forecast period.
Growing environmental concerns due to plastic packaging is a significant challenge hindering market growth. The low penetration rate and the lack of awareness of the use of bio-based polymers in developing and underdeveloped countries pose a critical challenge to companies in the global green packaging market. Owing to the lack of proper infrastructure and the presence of price-sensitive buyers (the majority of the buyers belong to this category), cost-efficient and easily available packaging-solutions are preferred to green packaging solutions in such countries.
Moreover, the durability of paper gets reduced when it is recycled each time as paper fibers get shortened while recycling, which makes them structurally weak. Thus, the lack of awareness and acceptance of green packaging solutions is expected to limit the green-packaging solutions, which in turn will hamper the growth of the global market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Amcor Plc - The company offers medical device packaging such as dual-chamber pouches, grid-coated paper, and crystal shield medical laminates.
The medical devices packaging market research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including Amcor Plc, Berry Global Inc., CCL Industries Inc., Constantia Flexibles Group GmbH, DuPont de Nemours Inc., Gerresheimer AG, Glenroy Inc., Healthcare Print and PackagingLtd., KP Holding GmbH and Co. KG, Life Science Outsourcing Inc., Oliver Healthcare-Packaging Co., RENOLIT SE, Riverside Medical Packaging.Co. Ltd., Rohrer Corp., rose plastic AG, Sonoco Products Co., STERIMED, West Pharmaceutical Services Inc., WestRock Co., and Wipak Group.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The medical devices packaging market forecasting report encompasses the entire market adoption cycle, ranging from the initial innovator phase to the subsequent laggard stage. It emphasizes adoption rates across various regions, determined by penetration levels. Additionally, the medical devices packaging market growth analysis report outlines essential purchasing factors and factors influencing price sensitivity. This aids companies in assessing and formulating effective growth strategies.
Market Customer Landscape
The medical devices packaging market is witnessing a transformation with the increasing demand for safe and sustainable solutions. From single-use medical gadgets to implantable devices, packaging plays a crucial role in ensuring sterility and integrity. Manufacturers are adopting eco-friendly options like compostable packaging and paper laminates to address concerns regarding waste management and environmental impact. Advanced technologies such as RFID tags and anti-counterfeit packaging enhance security and traceability, while materials like PE and PET ensure durability and protection. With the rise in chronic diseases, there is a growing need for innovative packaging solutions to cater to therapeutic equipment producers and diagnostic facilities. Despite market restraints such as raw material shortages and shipping delays, the medical devices packaging market shows immense potential, driven by advancements like 3D printed implants and vaporized hydrogen peroxide sterilization.
Additionally, in the market, a wide array of packaging materials is employed to ensure safety, sterility, and durability of medical equipment. From robust glass vials to lightweight LLDPE pouches, versatility, and hygiene are prioritized to meet stringent regulatory standards. Innovative solutions like Vault device packaging by CleanCut Technologies offer secure and efficient packaging for electronic equipment and aesthetic implants. Advanced techniques such as hydrogen sterilization and steam preservation ensure the integrity of biologics and surgical instruments. Despite market restraints like raw material shortages and economic downturns, the demand for sterile device packaging remains strong, driven by the need for PPE such as face shields and specialized devices like spinal fusion cages. With the adoption of multi-layer films and ultra packaging, the market continues to innovate, catering to the evolving needs of the medical manufacturing industry.
Market Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.8% |
Market Growth 2024-2028 |
USD 15.3 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.78 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 31% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Amcor Plc, Berry Global Inc., CCL Industries Inc., Constantia Flexibles Group GmbH, DuPont de Nemours Inc., Gerresheimer AG, Glenroy Inc., Healthcare Print and PackagingLtd., KP Holding GmbH and Co. KG, Life Science Outsourcing Inc., Oliver Healthcare-Packaging Co., RENOLIT SE, Riverside Medical Packaging.Co. Ltd., Rohrer Corp., rose plastic AG, Sonoco Products Co., STERIMED, West Pharmaceutical Services Inc., WestRock Co., and Wipak Group |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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