MarketResearchFuture.com added New Report Named “Medical Device Packaging Market 2018: Global Industry Analysis, Market Growth and Opportunity Assessment, Segmentation by Material (Plastic, Paper & Paperboard and others), by Product (Pouches, Trays, Bags, Clamshell Packs and others), and Region | Outlook to 2022” to its Database.
The popularity of medical device packaging is growing over the past few years. Medical device packaging are used for storage of syringes, surgical instruments, diagnostic apparatuses and others. Rising health awareness, technological advancement, standard of living fueled the demand of the market. The manufacturers are continuously spending on research and development for medical device packaging.
The region is marked with various reforms and developments in the healthcare sector. With the rising incomes and health awareness, the governments are seen taking appropriate measures to bring required infrastructure and changes to the medical and healthcare premise. There is an increased investment in the region which further stimulates the growth of the medical device packaging market. The global medical device packaging market size is expected to cross USD 30 Billion at CAGR of approximately 6% by 2022.
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Market Research Analysis
The market is highly application based. On the basis of material, Plastic accounted for the largest market share. Pouches and Trays will continue to lead the market, majorly due to cost-effective, infection resistant and light-weight. Asian countries, especially India, China are expected to grow fast over the forecasted period due to expansion of the healthcare industry and stricter regulations for medical products. However, North-America is the largest region for the medical packaging market.
Regional Analysis of Global Medical Device Packaging Market
Asian countries, especially India, China are expected to grow fastest over the forecasted period due to expansion of the healthcare industry and stricter government and non-government
Regulations to support healthcare sector. However, North America dominates the market due to advancements of medical technology and infrastructure.
Scope of the Report
This study provides an overview of the global medical device packaging market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global medical device packaging market as material and product type. On the basis of material it is segmented as Plastic, Paper & Paperboard and others. On the basis of product type it is segmented as trays, pouches, bags, clamshell packs and others.
The key drivers for the growth of the medical device packaging market are the growing healthcare industry. There is an increased demand for such packaging by the medical device manufacturers on a large scale. The packaging industry on the other hand are seen investing heavily on various technological advancements. On the basis of product type, Pouches contributes the largest to the market, majorly due to its cost-effectiveness and infection resistant specification. Cost sensitiveness and declining healthcare costs are hampering the growth of the global medical device packaging market. North-America contributes largely to overall market share. The global medical device packaging market size is expected to cross USD 30 Billion at CAGR of approximately 6% by 2022.
The key players of the global medical device packaging market include- Amcor Limited, Chesapeake Limited, E. I. du Pont de Nemours and Company, Klöckner Pentaplast Group, WestRock Company, Mitsubishi Chemical Holdings Corporation, 3M Company, Bemis Company Inc and Oliver-Tolas
- Raw Materials Suppliers
- Aftermarket supplier
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager
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The report for Global Medical Device Packaging Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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