To preserve sterility, medical device packaging is an essential element of the medical device industry and offers efficient protection to various products. Before being marketed, these medical devices are assembled and packed. The primary goal of packaging is to maintain a sterile condition of medical devices before putting them to use. Hence keeping them free from microbial contamination and keeping patients safe. The package helps safeguard the medical device from mechanical harm leading to a better quality of the product. The global market for packaging for medical devices is influenced by technological innovation in medical device packagings such as the growth of tamper-resistant packaging and child-resistant packaging materials. However, the cost required to maintain this equipment is quite high which may hamper the development of the market. Besides, the rise in the focus of major companies in packaging materials R&D initiatives provides lucrative opportunities for market growth in the upcoming decade.
The use of plastics in this market is experiencing exponential growth due to the development of polycarbonate packaging. At the core of medical packaging solutions, plastics are the playmaker. These are suitable materials for complex devices, drugs and other medical devices to be shipped and stored. Whether their basic medical supplies such as IV bags and syringes or lifesaving medical devices such as incubators and machines for dialysis, the assistance of plastics enhances health and aids in saving lives across the world. Polycarbonate is a tough, clear plastic material with extraordinary strength and resistance to impact, rendering it an appropriate material for the sterile packaging of medical devices. In comparison to other plastics, it can be produced at a lower temperature which can lead to faster cycle times. Medical device packaging is often produced from thermoformed polycarbonate film, a polymer-based packaging for medical devices. Such films facilitate exposure to radiation to sterilize the package and its contents together.
Segment Insights:
The medical tools & equipment segment accounted for the biggest market share in 2018, based on application. Medical equipment is broadly used in hospitals globally in a variety of applications such as dentistry, cardiovascular, orthodontics, wound care. Hence it accounts for the largest market share. The segment of devices accounted for the second biggest market share in 2018. In the packaging market, a large number of instruments used in the medical industry contribute to its high market share.
The packaging market for medical devices in Europe is expanding its market share substantially due to being extremely susceptible to government regulations and the growing demand for diagnostic equipment, rehabilitation products, and hygiene devices. The introduction of European packaging norms for terminally sterilized medical devices was influenced by the need to fulfill two discrete requirements to explicitly define how the packaging elements of the Medical Device Directive (93/42/EEC) need to be fulfilled and to harmonize the regional standards in use in the multiple member states of the European Union (EU) referring to specific materials. Europe's medical device packaging is dominated by Amcor Limited followed by Bemis Company Inc. Bemis European medical business includes three plants in the UK and Ireland, with approximately €150m annual sales of flexible packaging for healthcare products, which drives the market in this region. During the forecast period, the Asia Pacific medical packaging market is expected to grow at the highest rate. Asia-Pacific is expected to grow faster than any other market at a regional level, as it is the world's most populated region. Countries such as India and China, due to growing development activities and rapid economic expansion, are expected to witness high growth in the medical packaging market. Also, the increasing population in these countries provides a significant clientele for the aging population, which is projected to lead to the growth of the market for medical packaging.
Key Factors Impacting Market Growth:
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Growing focus on the longer shelf life of products
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Increasing interest in population health management
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Constant innovations
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Restrictions by various governments regarding medical devices
Key Developments:
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In September 2017, DuPont announced the introduction of a new class of Tyvek®, that is, Tyvek® 40L, for the purpose of medical packaging. This provides a cost-effective way of protecting low-risked, lightweight devices.
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In January 2018, Berry Global Inc. announced two medical packaging solutions. They claimed that the material used has excellent resistance to tear and puncture, unique breathability barriers, provide a clean peel, and is cost-effective.
Regional Analysis:
The medical device packaging market by region has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America, Western Europe, and the Asia Pacific are estimated to be major regions for medical device packaging market during the forecast period. The high growth of supply chain activities to cater to various industries and the development of packaging solutions is key to the growth of the medical device packaging market in this region. In addition to this development of cold chain systems to cater to perishable goods and government regulations on packaging waste disposal is also governing the demand for the medical device packaging market in this region. Major industries in these regions are estimated to be therapeutic equipment, disposable consumables, and monitoring & diagnostic equipment.
Asia Pacific amongst this with increasing trade activities and industrial growth is estimated to be one of the fastest growing markets during the forecast period. Middle East region promises a strong market potential during the forecast period. The diversification of economic activities leading to industrial growth is key to the demand for medical device packaging market in this region. South America and Africa are emerging regions in terms of market demand during the forecast period.
Companies Covered: Amcor Limited, Bemis Company, Inc., Berry Plastics Pvt Ltd, DuPont Company, Westrock Company, and Albea Group
Market Segmentation:
By Material:
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Tyvek
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Aluminum
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Plastic
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Paper
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Others
By Product:
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Bags
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Clam-shell Packs
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Pouches
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Trays
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Boxes
By Application:
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Therapeutic Equipment
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Disposable Consumables
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Monitoring & Diagnostic Equipment
By Region:
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North America
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By Country (US, Canada, Mexico)
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By Material
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By Product
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By Application
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Western Europe
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By Country (Germany, UK, France, Spain, Rest of Western Europe)
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By Material
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By Product
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By Application
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Eastern Europe
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By Country (Russia, Turkey, Rest of Eastern Europe)
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By Material
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By Product
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By Application
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Asia Pacific
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By Country (China, Japan, India, Rest of Asia Pacific)
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By Material
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By Product
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By Application
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Middle East
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By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
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By Material
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By Product
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By Application
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Rest of the World
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By Region (South America, Africa)
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By Material
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By Product
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By Application
Reasons to Buy This Report:
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Market size estimation of the global medical device packaging market on a regional and global basis
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The unique research design for market size estimation and forecast
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Profiling of major companies operating in the market with key developments
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Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet specific requirements:
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By Segment
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By Sub-segment
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By Region/Country
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