The global Medical Device Packaging Market size was valued at $ 22,097.10 Million in 2020, and is projected to reach $ 47,117.70 Million by 2030 registering a CAGR of 7.50% from 2021 to 2030.
The global medical device packaging market is expected to experience significant growth in the coming years due to the increasing demand for medical devices, particularly advanced medical devices, and the need for specialized packaging solutions that can ensure the safety and quality of these devices.
The market is segmented by packaging type, material type, application, and region. Plastic packaging is the most commonly used material in medical device packaging due to its durability, flexibility, and cost-effectiveness. However, paper and paperboard, metals, and glass are also used for specific medical device applications.
North America is the largest market for medical device packaging, followed by Europe and Asia Pacific. The growth in these regions can be attributed to the presence of established healthcare infrastructure, stringent regulatory requirements, and the increasing demand for medical devices in emerging economies.
Factors such as increasing competition, rising costs of raw materials, and complex regulatory requirements can pose challenges to the medical device packaging market. However, innovative technologies, such as RFID and barcoding, and the adoption of sustainable and eco-friendly materials are expected to create new growth opportunities in the market.
๐ ๐จ๐ซ ๐๐ข๐ ๐ก๐ญ ๐๐๐ซ๐ฌ๐ฉ๐๐๐ญ๐ข๐ฏ๐ ๐๐ง๐ ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ:ย https://www.alliedmarketresearch.com/request-sample/2953
Factors such as technological progress in the medical device sector, the launch of several upgraded medical devices that need specialized packaging, and rise in demand for innovative packaging solutions propel the market growth. Moreover, increased production and supply of medical devices, medicines, and drugs across the world drive the global medical devices packaging market growth. However, strict rules & regulations imposed by governments across the globe hampers the growth of the global market. In addition, increase in the need for sterile packaged, tamper-proof, and nonreactive products opens many doors of opportunities for the market.
๐๐จ๐ฏ๐ข๐-๐๐ ๐ข๐ฆ๐ฉ๐๐๐ญ ๐จ๐ง ๐ ๐ฅ๐จ๐๐๐ฅ ๐ฆ๐๐๐ข๐๐๐ฅ ๐๐๐ฏ๐ข๐๐ ๐ฉ๐๐๐ค๐๐ ๐ข๐ง๐ ๐ฆ๐๐ซ๐ค๐๐ญ::
COVID-19 has affected various sub-domains of the healthcare sector, including the medical device packaging sector in terms of production and supply chain.
Medical workers, devices, and facilities are helping to cope with increase in the number of patients infected with COVID-19. This affected the productivity of the workforce.
The spread of COVID-19 created new challenges for the international medical device supply network.
The shortage of hospital beds increased the demand for self-monitoring health devices. This is positively impacting the medical devices packaging market.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ (๐๐๐ ๐๐๐ ๐๐ฌ ๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐๐ก๐๐ซ๐ญ๐ฌ, ๐๐๐๐ฅ๐๐ฌ, ๐๐ง๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ) @ย https://www.alliedmarketresearch.com/checkout-final/
๐๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐ฆ๐๐๐ข๐๐๐ฅ ๐๐๐ฏ๐ข๐๐ ๐ฉ๐๐๐ค๐๐ ๐ข๐ง๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐จ๐ง ๐ญ๐ก๐ ๐๐๐ฌ๐ข๐ฌ ๐จ๐ ๐ฆ๐๐ญ๐๐ซ๐ข๐๐ฅ ๐ญ๐ฒ๐ฉ๐, ๐ฉ๐ซ๐จ๐๐ฎ๐๐ญ ๐ญ๐ฒ๐ฉ๐, ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง, ๐๐ง๐ ๐ซ๐๐ ๐ข๐จ๐ง.
Based on material, the plastic segment accounted for the largest market share in 2020, contributing to more than one-third of the total share, and is expected to maintain the lead throughout the forecast period. On the other hand, the glass segment is estimated to witness the fastest CAGR of 11.5% from 2021 to 2030.
๐๐จ ๐๐จ๐ฎ ๐๐๐ฏ๐ ๐๐ง๐ฒ ๐๐ฎ๐๐ซ๐ฒ ๐๐ซ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ? ๐๐ฌ๐ค ๐ญ๐จ ๐๐ฎ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ฑ๐ฉ๐๐ซ๐ญ:ย https://www.alliedmarketresearch.com/purchase-enquiry/2953
Based on the product, the pouches segment contributed to the largest share in 2020, accounting for more than one-fifth of the global medical device packaging market. However, the bags segment is expected to manifest the highest CAGR of 9.9% from 2021 to 2030.
Based on region, North America contributed to the highest share in 2020, holding around two-fifths of the total share, and is expected to maintain dominance throughout the forecast period. On the other hand, LAMEA is expected to portray the fastest CAGR of 9.6% during the forecast period.
Leading players of the global medical device packaging market analyzed in the research include Amcor Limited, Constantia Flexibles, Berry Global Inc., 3M Company, CCL industries INC., Klรถckner Pentaplast Group, Mitsubishi Chemical Holdings Corporation, DuPont, WestRock Company, and Sonoco Products Company.
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