Global Medical Device Packaging Market by Packaging Type (Bags ; Pouches, Trays, Boxes), by Application (Equipment ; Tools, Devices, IVD, ; Implants), Geographic Scope and Forecast
Medical Device Packaging Market Size And Forecast
Medical Device Packaging Market was valued at USD 28.84 Billion in 2019 and is projected to reach USD 45.64 Billion by 2027, growing at a CAGR of 5.9% from 2020 to 2027.
The rise in the number of chronic diseases and increased disbursement in healthcare facilities is expected to drive the market growth. The strict healthcare packaging materials have to be met with the necessities of packaging characteristics of medical supplies. The concept is increasing market growth. The drug makers are focusing on preventing the entry of counterfeit drugs in the industry, and hence it has broadened the investments in the healthcare packaging industry. The increase of implantable devices is bound to furnish the market growth. The Devices implanted within the human body are at the leading factor of medical science, and implantable medical packaging is a vital component of these life-saving tools. The increased command to prevent the supply of counterfeit medicines and its mechanism is anticipated to boost the market growth.
Global Medical Device Packaging Market: Segmentation Analysis
The Global Medical Device Packaging Market is segmented based on Packaging Type, Application, and Geography.
Key Players In Medical Device Packaging Market
The Global Medical Device Packaging Market study report will provide a valuable insight with an emphasis on the global market. The major players in the market are
- 3M Company
- E.I. Du Pont De Nemours and Company
- Westrock Company
- Amcor Limited
- Berry Plastics Corporation
- Avery Dennison Corporation
- CCL Industries Inc
- Constantia Flexibles Group GmbH
- Bemis Company
- Sonoco Products Company
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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 ...