The size of the medical device packaging market will increase by USD 12.30 billion | With top suppliers including Amcor Plc, Berry Global Group Inc. and Constantia Flexibles Group GmbH





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.

Attractive Opportunities in the Medical Device Packaging Market by Product and Geography - Forecast and Analysis 2021-2025

Attractive Opportunities in the Medical Device Packaging Market by Product and Geography – Forecast and Analysis 2021-2025

Purchase our comprehensive Medical Device Packaging Market report for a comprehensive analysis of recent developments, new product launches, major revenue generating segments, and market behavior across all geographies.

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Key points of the medical device packaging market research

  • The size of the medical device packaging market will increase by $ 12.30 billion over 9% CAGR between 2020 and 2025

  • 8.76% annual growth expected in 2021

  • 31% market growth will come from APAC over the forecast period

  • Sachets segment accounted for maximum market growth in 2020

  • 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:

  • Is the market structure fragmented or concentrated?

  • What was the market size in 2020 and the medical device packaging market forecast to 2025?

  • What are the best segment sectors to invest in during the forecast period?

  • What is the market share of the dominant and powerful vendors in the medical device packaging market?

  • What are the inhibitory factors and impact of COVID-19 on the growth of the medical device packaging market?

  • What are the latest trends and regulatory frameworks in the medical device packaging market?

Get all your questions answered in our comprehensive report.

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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

Scope of the medical device packaging market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a CAGR of over 9%

Market growth 2021-2025

$ 12.30 billion

Market structure

Fragmented

Annual growth (%)

8.76

Regional analysis

Europe, North America, APAC, South America and MEA

Efficient contribution to the market

APAC at 31%

Main consumer countries

United States, Germany, United Kingdom, China and Japan

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

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

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

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

  • Market ecosystem

  • Value chain analysis

Market sizing … See our overview of the medical device packaging market to unlock the table of contents

About Us
Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000+ reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

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SOURCE Technavio




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