Medical Device Packaging Market Anticipated To Grow With A CAGR Of 6% During 2022
Medical Device Packaging Market Overview
The global medical device packaging market size is expected to cross USD 30 Billion at CAGR of approximately 6% by 2022.
The packaging industry on the other hand are seen investing heavily on various technological advancements. Based on 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.
Key Players
The key players of the global medical device packaging market include- Amcor Limited, Bemis Company Inc, Chesapeake Limited, E. I. du Pont de Nemours and Company, Klöckner Pentaplast Group, 3M Company, WestRock Company, Mitsubishi Chemical Holdings Corporation, and Oliver-Tolas.
North-America contributes largely to overall market share.
Regional Analysis
The global Medical Device Packaging Market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America region constitutes the largest share in the medical packaging market. This is a developed market due to the high standard of living of consumers. The U.S. accounted for the largest country-level market for medical packaging, globally. The fastest growing markets include India, Mexico, China, and the more prosperous Africa/Mideast countries, where market and regulatory forces are raising packaging quality and functionality
Europe medical device packaging market size, led by UK, France, Italy, and Germany, may have a strong market share due to strong security protection of therapeutic equipment supported by government regulations will drive regional industry growth.
Target Audience
- Manufactures
- Raw Materials Suppliers
- Aftermarket supplier
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager
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