Segmental Analysis
The global Medical Device Packaging Market Size has been segmented on the basis of product and material.
By mode of product, the global Medical Device Packaging Market Size has been segmented into trays, pouches, bags, clamshell packs, and others. Among these, the pouches and trays segments are likely to gain prominence during the appraisal period. They have a higher selling rate compared to others which propel its growth. Moreover, pouches are puncture resistant and remove the risk of infection dispersion and staff errors during the time of assembling. Such factors are likely to create opportunities for the segment’s growth.
Regional Insights
The regions discussed in this report span across Europe, North America, Asia Pacific, and the Rest-of-the-World (RoW).
Considering the global scenario, the North American region is estimated to constitute the largest share. The regional market is well developed due to the high living standard of the consumers. In this region, the US acquired the largest market share.
The European market is gaining prominence across the globe and is led by regions namely, France, UK Germany, and Italy. The market is witnessing a sturdy growth owing to the strong security protection of therapeutic equipment which is further supported by government mandates.
The Asia Pacific region is led by Japan, India, and China and has good growth opportunities due to the expanding export and domestic markets for its medicinal goods. China is considered the key distributor and developer of technologically advanced therapeutic products due to surging external and internal investments. Moreover, the growing healthcare sector comprising hospital and dental services are stimulating the regional market’s growth.
Industry Updates
May 08, 2019: A global provider of custom thermoformed packaging, Nelipak Healthcare Packaging has recently partnered with the Optel Group who is a global provider of traceability systems and vision inspection. The partnership aims to bring a brand-new seal inspection technology to the medical device market.
Competitive Dashboard
The prominent players operating in the global Medical Device Packaging Market Size comprises Bemis Company Inc, Amcor Limited, E. I. du Pont de Nemours and Company, Chesapeake Limited, 3M Company, Klöckner Pentaplast Group, Mitsubishi Chemical Holdings Corporation, WestRock Company, and Oliver-Tolas.
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