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Medical Packaging Market report categorizes the global market By Material (Polymer, Paper & Paper Board, Non-Woven Fabrics, and Others), By Packaging Type (Trays, Boxes, Bags, Others), By Packing Type (Primary, Secondary, Tertiary, and Shrink Packing), By Application (Medical Devices, Medical Equipment & Tools, In Vitro Diagnostic Devices (IVDs), and Implants) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025
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Medical Packaging Market GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 20182026 © Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION Medical Packaging Market:Overview ➢ Medical packaging has the primary function to protect packaged medical or pharmaceutical products. Different types of medical components have resulted in developing various types of medical packaging, ranging from preformed packaging to customizable packaging. Medical products have unique features and majority of them require proper sterilization and are therefore, designed ergonomically to fulfill the high medical standards and protect the product integrity. ➢ One of the major factor contributing to the growth of medical packaging market includes increasing number of hospitals and diagnostic centers and the growing healthcare industry. According to the Centre Of Medicare & Medicaid Services, in 2015, National Health Expenditure (NHE) grew to 5.8% to US$ 3.2 trillion or US$ 9,990 per person, playing a key role in the growth of healthcare industry. The gain in momentum of the plastic packaging industry, with focus on costeffectiveness, is also playing a key role in growth of medical packaging market. According to Coherent Market Insights (CMI), the global plastic packaging market is expected to grow at a CAGR of 5.3% in terms of revenue and 5.1% in terms of volume during 20172025. ➢ However, price fluctuations of raw materials such as resin and oil act as a major restraint for the medical packaging market. Shortage of packaging materials supply also affects the growth of the medical packaging market. © Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION Medical Packaging Market:Outlook ➢ North America is leading the global medical packaging market. The U.S was leading market in this region in 2016. The increasing health awareness along with the growing healthcare industry is a major driving factor for the growth of medical packaging market in the region. North America is expected to lead the medical packaging market throughout the forecast period, owing to continuous product innovation and focus on extensive research and development activities namely childresistant packs and prefilled syringes. According to a report of Coherent Market Insights (CMI), in North America, the pharmaceutical equipment packaging industry accounted for around 40% of the market in 2016 and expected to retain its position through the forecast period. ➢ Asia Pacific is the fastest growing region in medical packaging market with China, Japan, and India being the key markets in the region. The medical device market for APAC is expected to witness the fastest CAGR growth during the forecast period, which is expected to propel the growth of medical packaging market. In terms of packaging by material, Polymer held the major share in the medical device market in this region in 2016. Request a sample copy of this report: https://www.coherentmarketinsights.com/insight/requestsample/949 © Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION Medical Packaging Market:Segmentation On the basis of material, medical packaging market is segmented into: Polymer Paper & Paperboard Nonwoven fabric Others On the basis of packaging types, medical packaging market is segmented into: ➢ ➢ ➢ ➢ Trays Boxes Bags Pouches Clamshell packs Others ➢ ➢ ➢ ➢ ➢ ➢ Check the trending report of Global Adhesives and Sealants Market: https://www.coherentmarketinsights.com/ongoinginsight/adhesivesandsealantsmarket949 © Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION Medical Packaging Market:Key Players ➢ E. I. du Pont de Nemours and Company (U.S) ➢ Riverside Medical Packaging Company Ltd. (U.K.) ➢ Constantia Flexibles Group GmbH (Austria) ➢ Avery Dennison Corporation (U.S.) ➢ Amcor Limited (Australia), Placon Corporation (U.S.) ➢ 3M Company (U.S.) ➢ Wipak Group (Germany) ➢ West Pharmaceutical Services, Inc. (U.S.) ➢ Bemis Company (U.S.) ➢ SteriPack Ltd. (Ireland) © Coherent market Insights. All Rights Reserved
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ABOUT COHERENT MARKET INSIGHTS Industries we cater SECTOR COVERAGE Healthcare HEALTHCAR E IT CLINICAL DIAGNOSTIC BIOTECHNO LOGY PHARMACE UTICAL MEDICAL IMAGING Chemicals & Materials MEDICAL DEVICES Speciality and Fine Chemicals Bulk Advanced Materials Chemicals Green Chemicals Polymers & Resins Food Cosmetic Ingredients Ingredients © Coherent market Insights. All Rights Reserved
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