Medical Packaging Market Size, Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2023
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.), Mitsubishi Chemical Holdings Corporation (Japan), Bemis Company Inc. (U.S.), West Pharmaceutical Services, Inc. (U.S.)., 3M company, and, others.
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.
Regional Analysis
On the regional basis, the market is segmented into Americas, Europe, Asia Pacific and the Middle East and Africa.
The Americas dominate the global Medical Packaging Market Size, owing to massive development in the medical sector, increase in the pharmaceutical industries, and growing government support to research institutions. Furthermore, increased chronic diseases such as, asthma, cancer, COPD, diabetes in this region drive the growth of this region. According to the WHO, in 2015, around 30.3 million people of all age group had diabetes, which is 9.4% of the U.S. population. These rising in patient population enhance the demand of quality devices and drugs for treatment, thus, medical packaging play an important role in order to provide quality treatments.
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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