NEW YORK, November 3, 2021 / PRNewswire / – Global Medical Device Packaging Market Expected to Grow $ 12.30 billion between 2020 and 2025, accelerating to a CAGR of over 9% during the forecast period. The market is segmented by product (pouches, trays, shells and other products) and by geography (Europe, North America, APAC, South America, and MEA). The report provides detailed information on the performance of the vendors in terms of revenue generation, market position, product launches, and customer base, among others.
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Key points of the medical device packaging market research
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The size of the medical device packaging market will increase by $ 12.30 billion over 9% CAGR between 2020 and 2025
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8.76% annual growth expected in 2021
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31% market growth will come from APAC over the forecast period
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Sachets segment accounted for maximum market growth in 2020
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Dominant suppliers include Amcor Plc, Berry Global Group Inc., Constantia Flexibles Group GmbH and others
Medical device packaging market: growth drivers and constraints
The medical device packaging market is driven by the growth of the global medical device market. Developed and developing countries such as Japan, Great Britain, Germany, United States, China, India, and Korea have experienced strong growth in the medical device market in recent years. For example, the medical device market in India is expected to grow by 35.4% in 2021-2025. Likewise, in 2019, South Korea observed a 14.5% growth in the medical device market in 2019 compared to 2018. This has increased the demand for medical devices such as diagnostic equipment, rehabilitation products, surgical devices, medical devices, medical devices. technical aid, intensive care units and hygiene devices. The growth in demand for medical devices subsequently increased the need for packaging materials, leading to the growth of the target market.
“While high healthcare spending on medical technologies and the shift to smart medical device packaging will further drive market growth, growing environmental concerns due to plastic packaging may reduce growth opportunities for market players,” says a Technavio analyst.
The Medical Device Packaging Market report answers questions such as:
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Is the market structure fragmented or concentrated?
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What was the market size in 2020 and the medical device packaging market forecast to 2025?
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What are the best segment sectors to invest in during the forecast period?
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What is the market share of the dominant and powerful vendors in the medical device packaging market?
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What are the inhibitory factors and impact of COVID-19 on the growth of the medical device packaging market?
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What are the latest trends and regulatory frameworks in the medical device packaging market?
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Associated reports:
Global Healthcare Packaging Market – The global healthcare packaging market is segmented by product (bottles, blisters, vials, sachets and others), by packaging (primary packaging and secondary packaging) and by geography (APAC, North America, Europe, MEA and South America).
Download an exclusive free sample report
Global Bulb Packaging Market – The global ampoule packaging market is segmented by material (glass ampoule packaging and plastic ampoule packaging) and geography (North America, Europe, APAC, South America, and MEA).
Download an exclusive free sample report
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Scope of the medical device packaging market |
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Cover of the report |
Details |
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Page number |
120 |
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Year of reference |
2020 |
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Forecast period |
2021-2025 |
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Growth dynamics and CAGR |
Accelerate to a CAGR of over 9% |
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Market growth 2021-2025 |
$ 12.30 billion |
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Market structure |
Fragmented |
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Annual growth (%) |
8.76 |
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Regional analysis |
Europe, North America, APAC, South America and MEA |
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Efficient contribution to the market |
APAC at 31% |
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Main consumer countries |
United States, Germany, United Kingdom, China and Japan |
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Competitive landscape |
Leading companies, competitive strategies, reach of consumer engagement |
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Profiled companies |
Amcor Plc, Berry Global Group Inc., Constantia Flexibles Group GmbH, DuPont de Nemours Inc., Gerresheimer AG, KP Holding GmbH & Co. KG, Oliver Healthcare Packaging Co., RENOLIT SE, Sonoco Products Co. and Wipak Group |
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Market dynamics |
Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period |
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Customization |
If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments. |
Market Scope Table:
Contents:
Abstract
Market landscape
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Market ecosystem
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Value chain analysis
Market sizing … See our overview of the medical device packaging market to unlock the table of contents
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SOURCE Technavio
