Medical Packaging Market Size| COVID-19 Impact, Trends, Segments, CAGR - Forecast to 2023
Market Scenario
FDA regulation covers medical packaging under two part, that includes K--Labeling and Packaging, According to them, all the manufacturers shall ensure that device or drugs packaging and shipping containers are designed and constructed to preserve the device from damage during the customary conditions of processing, storage, handling, and distribution.
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Key Players
Some of the major players in the global Medical Packaging Market Size are Amcor Limited (Australia), Chesapeake Limited (U.S.), DuPont (U.S.), Klöckner Pentaplast Group (Germany), MeadWestvaco Corporation (U.S.)
Intended Audience
- Medical Device Manufacturers
- Manufacturers of Medical Foam
- Traders, Distributors, and Suppliers of Medical foam
- Government and Research Organizations
- Research and Development (R&D) Companies
- Market research and Consulting Service Providers
- Medical Research Institutes and Universities
Segmentations
The global Medical Packaging Market Size is segmented on the basis of material, types, application, and end user.
On the basis of the material, it is segmented into sterilization, tyvek, foam, molded fiber, fabrics, plastics, films, adhesives, and others.
On the basis of the type, it is segmented into containers, pouches, trays, blister packets, clamshell packs, vials, and others.
On the basis of the application, it is segmented into medical, pharmaceuticals, diagnostics, plastic industries, chemicals and research, and others.
On the basis of the end user, it is segmented into hospitals, clinics, medical and research centers, forensic departments, and others.
Regional Analysis
Asia Pacific is the fastest growing Medical Packaging Market Size owing to the presence of huge patient population, and high healthcare expenditure. Moreover, increasing demand for quality devices and drugs in the healthcare is projected to lead the growth of the medical packaging in this region. According to the Australian Bureau of Statistics, in 2016, around 5.1% of the Australian population is diagnosed with diabetes, which lead the demand of quality treatments, hence market of medical packaging are growing rapidly in this region.
On the other hand, the Middle East and African region holds the least market share due to low healthcare spending, ignorance of diseases, poor access to treatment and availability of limited technologies.
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