Global Medical Devices Packaging Market
The global Medical Devices Packaging Market was valued at USD 21.49 billion in 2016 and is projected to reach USD 35.57 billion by 2025, growing at a CAGR of 5.76% from 2017 to 2025.
The market is driven by expanding market of medical devices. Increasing focus of Govt. and private sector on Healthcare facilities is causing the medical device market to grow at a high pace, in turn making the medical device packaging market to grow simultaneously.
1. Market Drivers
1.1 Growing market device industry
2. Market Restraints
2.1 Cost restraints due to mergers and acquisitions/consolidation of packaging players
1. Global Medical Devices Packaging Market, by Packaging Type:
1.1 Plastic Containers
1.2 Glass Containers
1.5 Wrap Films
1.6 Paper Cans
2. Global Medical Devices Packaging Market, by Region:
2.1 North America (U.S., Canada, Mexico)
2.2 Europe (Germany, UK, France, Rest of Europe)
2.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
2.4 Latin America (Brazil, Argentina, Rest of Latin America)
2.5 Middle East & Africa
The major players in the market are as follows:
3. Berry Plastics
7. Mitsubishi Chemical Holdings
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Medical Devices Packaging Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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