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Medical device packaging ensures the secure & safe packaging of medical devices during their shelf life. The packaging is effective in ensuring that the medical devices are sterile and in the opening without losing any particles. The devices are mainly preserved in sterile packaging and are handled with care, which aids the growth of the medical devices packaging. The growing demand for several medical devices, such as medical supplies, irradiation apparatuses, electro-medical equipment, in-vitro diagnostic equipment and reagents, and many others, lead to the market expansion of medical device packaging. The rising sterile instruments trend also contributes to market growth. In addition, introducing advanced technologies such as barcodes, radio-frequency identification (RFID) technology, biometrics, and others is anticipated to generate profitable growth opportunities over the forecast period.
The growing healthcare industry is the key factor driving the growth of the medical device packaging market. The rise in infectious and chronic diseases caters to the demand for medical devices, thus boosting the growth of global medical device packaging. Along with the increasing disposable incomes, consumers are willing to invest more in healthcare products. Moreover, the rapid growth in diagnostic centers, hospitals, and therapeutic equipment manufacturers drives the medical device packaging market worldwide. Furthermore, the augmenting demand for non-reactive, sterile, and tamper-proof medical devices also adds to the market growth. The high prevalence of several chronic diseases such as diabetes, cancer, heart-related diseases, and many more creates the need for diagnosis & treatment, thus driving the medical devices packaging market growth.
The stringent policies imposed by medical authorities worldwide to offer standardized medical devices are critical factors that may impede market growth. Medical devices are generally packed with the use of plastic material. However, the rising environmental concerns regarding the harmful effects of plastic packaging and the increasing need to minimize plastic use pose a crucial factor in hindering market growth.
The emergence of the novel coronavirus led to a long-term effect on many industries worldwide. Moreover, it harmed the functioning of global industries, except the healthcare and pharmaceutical industries. The rise in the demand for healthcare products and equipment led to the growth of the medical device packaging market during the COVID-19 pandemic. The demand for vaccines, oxygen cylinders, medicines, kits for virus testing, and ventilators was high. It caused a high investment in medical equipment by government bodies worldwide, thus creating growth opportunities for the medical device packaging market. The surge in demand for oximeters, respirators, and many other devices is further expected to boost the market in the post-pandemic era.
By Material | By Packaging Type | By Application | By Geography |
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The report will cover the following key insights:
Based on material, the market is segmented into plastic, paper, aluminum foil, and glass. Plastic dominated the material segment of the global medical devices packaging market. Various types of plastics such as low-density polyethylene (LDPE), polypropylene (PP), polyethylene terephthalate (PET), linear low-density polyethylene (LLDPE), high-density polyethylene (HDPE), and others are used widely for the packaging of medical devices by major manufacturers. The material is safe, cost-friendly, versatile, lightweight, durable, and hygienic, thus driving the segment's growth.
Based on packaging type, the market is segmented into bags & pouches, trays, boxes, clamshells, stick packs, films, and blister packs. Bags & Pouches are the leading segment of the medical devices packaging market. They are majorly used for small-to-medium-sized soft and semi-soft medical products to avoid significant damage during storage and transportation. Bags and pouches are easy to manufacture and carry during shipment and can be easily used during sterilization, thus boosting the segment's growth.
Based on application, the market is segmented into sterile and non-sterile packaging. Sterile packaging holds the largest market share of the medical devices packaging market globally, owing to its significant usage in the healthcare industry. The increasing demand for sterile products and rapid growth in diabetic patients favor the segment's growth.
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The medical devices packaging market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is the dominating region of the medical device packaging market. The speedy innovations coupled with the technological advancements by the manufacturers foster the growth of medical device packaging in this region. The Europe medical device packaging market is rapidly growing due to rising consumer awareness regarding safe and hygienic healthcare products. The strict regulations by medical authorities also boost the market growth in the European region. The availability of cheap resources, high investment in medical infrastructure, and rapid population drive the medical device packaging growth in Asia Pacific. The Latin America and the Middle East & Africa regions are anticipated to experience slow growth owing to the limited resources available and the lack of awareness among the population.
The report will include profiles of key players such as Amcor plc, 3M, Berry Global, CCL Industries, DuPont, Constantia Flexibles, Klöckner Pentaplast Group, Mitsubishi Chemical Holdings Corporation, WestRock Company, Sonoco Products Company, DS Smith, Avery Dennison Corporation, Glenroy Inc., and Steripack Group, among others.