Medical Device Packaging Market 2019 Global Growth, Size, Trends, Share, Opportunities, Competitive And Regional Forecast To 2022
Medical Device Packaging Information by Material
(Plastic, Paper & Paperboard and others), by Product (Pouches, Trays, Bags,
Clamshell Packs and others), and Region - Forecast to 2022
Key
Players
The key players of 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, and
Oliver-Tolas.
North-America
contributes largely to overall market share.
The global
medical device packaging market size is expected
to cross USD 30 Billion at CAGR of
approximately 6% by 2022.
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Medical Device Packaging Market Overview
The key
drivers for the growth of the medical device packaging market are the growing
healthcare industry. There is an increased demand for such packaging by
the medical device manufacturers on a large scale. The industry is facing huge
pressure to decrease the cost as the end-use industries are mainly focusing
towards product innovation by investing in the R&D. Companies are forming
strategic alliances in order to reduce product costs. Intensifying healthcare
costs may create multiple competition which will weaken the overall production
and increase price sensitivity to packing cost thereby affecting medical device
packaging market price trend.
The
packaging industry on the other hand are seen investing heavily on various
technological advancements. Based on product type, Pouches contributes the
largest to the market, majorly due to its cost-effectiveness and infection
resistant specification. Cost sensitiveness and declining healthcare costs are
hampering the growth of the global medical device packaging market.
Medical
Device Packaging Market – Regional Analysis
The global
Medical Device Packaging market is segmented into North America, Europe, Asia
Pacific, and rest of the world (RoW). North America region constitutes the
largest share in the medical packaging market. This is a developed market due
to the high standard of living of consumers. The U.S. accounted for the largest
country-level market for medical packaging, globally. The fastest growing
markets include India, Mexico, China, and the more prosperous Africa/Mideast
countries, where market and regulatory forces are raising packaging quality and
functionality
Europe
medical device packaging market size, led by UK, France, Italy, and Germany,
may have a strong market share due to strong security protection of therapeutic
equipment supported by government regulations will drive regional industry
growth.
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Target
Audience
- Manufactures
- Raw Materials Suppliers
- Aftermarket supplier
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager
Product
Analysis
- Product
matrix which gives a detailed comparison of the market for different
recycled product types
Additional
Information
- Regulatory
Landscape
- Pricing
Analysis
- Macroeconomic Indicators
Geographic
Analysis
- Geographical
analysis across 15 countries
Company
Information
- Profiling
of 10 key market players
- In-depth
analysis including SWOT analysis, and strategy information of related
to report title
- Competitive
landscape including emerging trends adopted by major companies
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