An Incisive, In-depth Analysis on the Medical Device Packaging Market
This study offers a comprehensive, 360 degree analysis on the Medical Device Packaging market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Medical Device Packaging market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Key Factors Influencing Market Growth
Medical Devices Packaging Manufactures to Target Developed Countries
Healthcare and pharmaceutical expenditure has increased in the past few years in the developed countries of North America and European regions, with the U.S. accounting for the highest at around 15% as a share of its GDP. According to World Health Organization, global healthcare expenditure by all the countries as a share of their GDP, ranges from 5% to 15%, offering substantial opportunity for medical device packaging manufacturers.
Advanced healthcare facilities are available in the countries such as the U.S., Germany, the U.K., Russia, China, Japan, which includes ambulatory surgical centers, clinics and medical offices, orthopedic, and other rehabilitation centers, and urgent care centers. Thus, medical device packaging manufacturers can target these highly progressive countries to become part of this multi-billion dollar and fast-growing market.
Opportunity from Contract Packaging Companies
The market of medical device packaging is expected to create significant growth and investment opportunities for players operating in the market. Moreover, the contract packaging end-use segment is expected to stimulate the sales of medical device packaging globally by the end of 2027.
Contracting with local company helps manufacturers lower the operational cost. Packaging companies can benefit from better pricing by outsourcing medical device packaging. Overall run time cost and transportation and logistics cost is reduced to greater extent. All these factors are likely to bolster the medical device packaging market during the forecast period.
Plastics to Dominate Medical Device Packaging Market
Growing demand for easy-to-use and easy-to-dispose packaging solutions contributes to the growth of the global medical device packaging market. There is a high demand for packaging solutions that maintain the integrity of the package, which includes very crucial and fragile implants, instruments, and equipment, throughout the supply chain.
Medical device packaging uses plastic as the biggest raw material source which includes all types of plastics from Polyethylene (PE), Polyethylene terephthalate (PET), PP (Polypropylene), PS(Polystyrene), to polyvinyl chloride (PVC) due to their lightweight and sturdy nature. The same segment is also anticipated to witness massive demand in the upcoming period as it ensures proper safety of medical devices against vibration, shock, and bursting. This need for protection is anticipated to play a key role in driving the growth of the global medical device packaging.
High Regulatory Standards and Handling Issues to Hamper Market Growth
Globally, there are stringent rules and regulations enforced by governmental organizations associated with medical device packaging and its careful handling, which acts as a limitation to the growth of the global medical device packaging market.
The U.S. Food and Drugs Administration (FDA) developed some standard test methods to ensure safe medical device packaging includes determination of leaks, performance testing of shipping containers, seal strength of flexible barrier materials, integrity testing of porous barrier medical packages and the list goes on. Improperly designed and validated packaging cannot meet these standards, which can derail the product launch and affect the company’s reputation. Moreover, some of the medical device packaging formats require special care and handling while transportation as their shape is very unstable, which may cause damage to the product.
Medical Device Packaging Market: Structure Analysis
The medical device packaging market is relatively large, and a significant portion is already captured by big players. Thus, small & newly-entered companies are struggling in this competitive market. Individual strategies followed by these market players in terms of improving their product portfolios, creating new marketing strategies, and acquisitions and mergers in the medical device packaging market, have been elaborated in this report.
Amcor PLC, Bemis Company, Inc., Constantia Flexibles Group GmbH, Sonoco Products Company, Sealed Air Corporation, Wipak Group, Mondi PLC, West Pharmaceutical Services, Inc., Huhtamaki Oyo, Ampac Holdings LLC, and Glenroy, Inc. are some of the leading manufacturers in the medical device packaging market.
- Introduction of anti-counterfeit packaging and a shift from glass to plastic packaging materials are current trends in the medical device packaging market.
- Demand for sustainable solutions from eco-conscious consumers is anticipated to change the dynamics of the medical device packaging market.
FAQ About the Market
Which region will dominate the global medical device packaging market?
North America and Western Europe will collectively dominate the global medical device packaging market by capturing around 60% of the market share, owing to the highly established and advanced medical devices manufacturing facilities in these regions.
What are the future aspects of the medical device packaging market?
FMI projects impressive growth in the demand for medical device packaging over the forecast period, with market value increasing from US$ 31.47 Bn in 2019 to reach US$ 48.03 Bn by the end of 2027.
Which raw material is mainly used in manufacturing medical device packaging?
Polyethylene, including all HDPE, LDPE, and LLDPE, is the largely-used raw material for manufacturing medical devices packaging, owing to its excellent features such as clear appearance, durable, and ability to withstand high temperature and pressures, and ease of sterilization.
Which market players are operating in the medical device packaging market?
- Amcor PLC
- Constantia Flexibles Group GmbH
- Sonoco Products Company
- Sealed Air Corporation
- Wipak Group, Mondi PLC
- West Pharmaceutical Services Inc.
- Huhtamaki Oyo
- Ampac Holdings LLC
- Glenroy, Inc.
Which type of medical device packaging is expected to register the highest sales in the next five years?
Bags and pouches are expected to witness the highest sales in the medical device packaging market in terms of value, as they provide high product-to-package ratio, offer premium protection in small and single-use size packages.
What are the growth opportunities for manufacturers from developing markets?
The market penetration of medical device packaging is substantial in the APEJ and MEA regions, due to the fast-growing healthcare and pharmaceutical industries in these regions. Thus, key manufacturers can gain significant profits by target these regions to expand their businesses.
Medical Device Packaging Market: Global Industry Analysis 2012-2018 and Opportunity Assessment 2019-2027
A recent market report published by Future Market Insights on the medical device packaging market includes global industry analysis for 2012-2018 and opportunity assessment for 2019-2027, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historic as well as current growth parameters, growth prospects of the medical device packaging market are obtained with maximum precision.
Medical Device Packaging Market: Segmentation
The global medical device packaging market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
Packaging Type |
Raw Material |
Application |
By End-User |
By Region |
|
|
|
|
|
Report Chapters
Chapter 01 – Executive Summary
The report begins with an executive summary of the medical device packaging market, which includes key findings and statistical analysis of the market. It also includes demand and supply-side trends pertaining to the medical device packaging market.
Chapter 02 – Market Introduction
Readers can find the definition and detailed taxonomy of the medical device packaging market in this chapter, which will help them understand basic information about the market. Along with this, comprehensive information pertaining to medical device packaging and their properties are provided in this section. It also highlights the inclusions and exclusions to help readers understand the scope of the medical device packaging market report.
Chapter 03 – Medical Device Packaging Market Overview
This chapter explains the key macroeconomic factors that are expected to influence growth of the medical device packaging market during the forecast period. This section also highlights the opportunity analysis for the medical device packaging market. This chapter also provides key market dynamics, which include drivers and restraints. Moreover, information provided in this chapter will help readers understand key trends followed by leading manufacturers in the medical device packaging market.
Chapter 04 – Medical Device Packaging Market Analysis
This section explains the global market value analysis and forecast for the medical device packaging market during the forecast period of 2019-2027. This chapter includes a detailed analysis of the historical medical device packaging market, along with opportunity analysis for the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2027). Along with this, pricing analysis of the medical device packaging market at the regional level has also been provided in this section. It also explains the global market volume analysis and forecast for the medical device packaging market during the forecast period.
Chapter 05 – Global Medical Device Packaging Market Analysis 2012-2018 and Opportunity Assessment 2019-2027 by Packaging Type
Based on packaging type, the medical device packaging market has been segmented into bags & pouches, containers, trays, stick packs, clamshell blister packs, boxes and others ( flow wraps). In this chapter, readers can find information about key trends and developments in the medical device packaging market and market attractiveness analysis based on packaging type.
Chapter 06 – Global Medical Device Packaging Market Analysis 2012-2018 and Opportunity Assessment 2019-2027 by Raw Material
This chapter provides details about the medical device packaging market based on raw material, and has been classified into PE, HDPE, LDPE, LLDPE, PET, PP, PS, PVC, aluminium, glass, paper laminates, fabric and others (PLA, PHA,). Readers can understand market attractiveness analysis of medical device packaging based on printing technology.
Chapter 07 – Global Medical Device Packaging Market Analysis 2012-2018 and Opportunity Assessment 2019-2027 by Application
Based on application, the medical device packaging market is segmented into disposable consumables, monitoring & diagnostic equipment, and therapeutic equipment. In this chapter, readers can find information about key trends and developments in the medical device packaging market and market attractiveness analysis based on adhesion.
Chapter 08 – Global Medical Device Packaging Market Analysis 2012-2018 and Opportunity Assessment 2019-2027 by End User
This chapter provides details about the medical device packaging market based on end user, and has been classified into medical manufacturing, contract packaging and others Through this chapter, readers can understand market attractive analysis based on end user.
Chapter 09 – Global Medical Device Packaging Market Analysis 2012-2018 and Opportunity Assessment 2019-2027 by Region
This chapter explains how the medical device packaging market is expected to grow across various geographic regions such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, the Middle East and Africa (MEA), and Japan.
Chapter 10 – North America Medical Device Packaging Market Analysis 2012-2018 and Opportunity Assessment 2019-2027
This chapter includes detailed analysis of the growth of the North America medical device packaging market, along with country-wise assessment that includes the U.S. and Canada. Readers can also find pricing analysis, regional trends, and market growth based on packaging type, raw material, application, end user, and countries in North America.
Chapter 11 – Latin America Medical Device Packaging Market Analysis 2012-2018 and Opportunity Assessment 2019-2027
This chapter provides the growth scenario of the medical device packaging market in Latin American countries such as Brazil, Mexico, Argentina, and the Rest of Latin America. Along with this, assessment of the Latin America market across target segments is also provided.
Chapter 12 – Western Europe Medical Device Packaging Market Analysis 2012-2018 and Opportunity Assessment 2019-2027
Important growth prospects of the medical device packaging market in several countries such as Germany, France, U.K., Spain, Italy, Nordic countries, BENELUX, and Rest of Western Europe are included in this chapter.
Chapter 13 – Eastern Europe Medical Device Packaging Market Analysis 2012-2018 and Opportunity Assessment 2019-2027
Poland, Russia, and countries in the Rest of Eastern Europe are the prime subjects of assessment to obtain the growth prospects of the Eastern Europe medical device packaging market in this chapter. Readers can find detailed information about the growth parameters of the Eastern Europe Medical device packaging market during the period of 2019-2027.
Chapter 14 – Asia Pacific Excluding Japan Medical Device Packaging Market Analysis 2014 - 2018 & Opportunity Assessment 2019–2029
This chapter highlights the growth of the medical device packaging market in the APEJ region by focusing on China, India, ASEAN countries, Australia & New Zealand, and the Rest of APEJ. This section also helps readers to understand the key factors that are responsible for growth of the medical device packaging market in the APEJ region.
Chapter 15 – MEA Medical Device Packaging Market Analysis 2012-2018 and Opportunity Assessment 2019-2027
This chapter provides information about how the medical device packaging market is anticipated to grow in major countries in the MEA region such as GCC countries, South Africa, North Africa, and the Rest of MEA during the forecast period.
Chapter 16 – Japan Medical Device Packaging Market Analysis 2012-2018 and Opportunity Assessment 2019-2027
This chapter provides information about the medical device packaging market growth analysis in Japan during the forecast period of 2019-2027. This chapter highlights value and volume analysis during the historic and forecast period.
Chapter 17 – Market Structure Analysis
In this chapter, readers can find detailed information about tier analysis and market concentration of key players in the medical device packaging market, along with their market presence analysis by region and product portfolio.
Chapter 18 – Competition Analysis
In this chapter, readers can find a comprehensive list of prominent stakeholders in the medical device packaging market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players included in the report are Amcor Plc, Sealed Air Corporation, Huhtamaki Oyj, Ampac Holdings LLC, Mondi Plc, Nelipak Corporation, and Printpack Inc.
Chapter 19 – Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the medical device packaging market report.
Chapter 20 – Research Methodology
This chapter help readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, about the medical device packaging market. The report scope focuses on medical device packaging consumed in the packaging industry.
Sources and Primary Research Splits (%):-
Industry Interactions:-
- C-Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Distributors
- Traders
- Raw Machine Suppliers
- Industry Experts
- End Users
- Current market dynamics and challenges
- Yesteryear trends
- Market characteristics
- Market performance and growth quadrants
- Competition structure and market structure
- Strategic growth initiatives
- Near-term and long-term market growth prospects
- Market segment splits and authenticity
- Opinions on market projections and validity of assumptions
References Catalogue:-
- Industry Publications
- Packaging Europe
- Packaging Strategies
- Packaging News
- Packaging World
- Industry Associations
- Flexible Packaging Association
- Flexible Packaging Europe
- American Plastics Council (APC)
- World Packaging Organization
- Factiva
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
COVID -19 : Impact Analysis
Request the coronavirus impact analysis across industries and markets
Request Covid -19 ImpactGet in touch
Our Clients
CASE STUDIES
See how our work makes an impact.
At FMI, we design strategies that are adaptive, impactful, and implementable.