According to Stratistics MRC, the Global Medical Packaging Market is accounted for $45.92 billion in 2020 and is expected to reach $86.90 billion by 2028 growing at a CAGR of 8.3% during the forecast period. Increase in incidences of chronic conditions and expenditure of healthcare facilities, high growth in the implantable device market and increase in demand for counterfeit prevention mechanisms are driving the market growth. However, fluctuations in the raw material prices are hampering the growth of the market.
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Based on the application, the medical equipment segment is going to have lucrative growth during the forecast period due to wide usage in hospitals globally for a various applications such as dental, cardiovascular, orthodontics, wound care, and many more. By geography, North America is going to have high growth during the forecast period owing to massive development in the medical sector, increase in the pharmaceutical industries, and growing government support to research institutions in the region.
Some of the key players profiled in the Medical Packaging Market include 3M Company, Amcor Limited, Avery Dennison Corporation, Bemis Company, Berry Plastics Corporation, CCL Industries Inc., Constantia Flexibles Group GmbH, E.I. Du Pont De Nemours and Company, Sonoco Products Company, Steripack Contract Manufacturing, Technipaq Inc., Thomas Packaging LLC., Toppan Printing Co., Ltd., West Pharmaceutical Services, Inc. and Westrock Company.
Device Classes Covered:
• Class I
• Class II
• Class III
Packing Types Covered:
• Primary
• Secondary
• Tertiary
Packaging Types Covered:
• Bags & Pouches
• Blisters Packets
• Boxes
• Cartons
• Clamshell Packs
• Containers
• Flow Wraps
• Stick Packs
• Trays
• Vials
• Multi-Compartmental Trays
• Thermoform Trays
• Bottles
• Ampoules
Materials Covered:
• Polymer
• Aluminium
• Paper and Paperboard
• Nonwoven Material
• Sterilization
• Tyvek
• Foam
• Molded Fiber
• Fabrics
• Plastics
• Films
• Adhesives
• Glass
Sterilization Methods Covered:
• Chemical
• Radiation
Applications Covered:
• Diagnostics
• Implants
• In-Vitro Diagnostic (IVD) Products
• Medical Devices
• Medical Equipment & Tools
• Plastic Industries
• Chemicals & Research
End Users Covered:
• Clinics
• Forensic Departments
• Hospitals
• Medical & Research Centers
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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