Global Medical Device Packaging Market – Industry Trends and Forecast to 2030

Global Medical Device Packaging Market, By Products (Pouches, Trays, Clamshell Packs, Wrap Films, Bags, Boxes, Cans, Others), Accessories (Labels, Lidding, Others), Material (Glass, Aluminium, Paper and Paperboard, Plastics, Teak, Others), Application (Sterile Packaging, Non-Sterile Packaging), Distribution Channel (Direct, Retail), End-User (Medical Manufacturing, Contract Packaging, Retail Packaging, Others) - Industry Trends and Forecast to 2030.

Medical Device Packaging Market Analysis and Size

The essential factors contributing to the growth of the global medical device packaging market in the forecast period of 2023 to 2030 include the surging demand for sustainable packaging solutions. Also, the increased usage of aluminium is significantly contributing to the market’s growth. It is majorly used as a foil in packaging of medical device. Due to these properties, the demand for aluminium is growing in medical devices that incorporate biologics and pharmaceuticals.

Data Bridge Market Research analyses that the global medical device packaging market which was USD 28.71 billion in 2022, is expected to reach USD 43.10 billion by 2030, growing at a CAGR of 5.21% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Medical Device Packaging Market Scope and Segmentation

Market Definition

Medical device packaging is a key factor in securing and safe the device in the market during their shelf life. Packaging performs communication and protection with the humans, environment, and vice versa. Medical device packaging should be made from traceable and known materials which has these properties such as Non-toxic Free of holes, cracks, tears, non-leaching and odourless. Creases and localized thinning. The medical device requires medical packaging to avoid, biological contamination, physical damage, and any other external disturbance.

Global Medical Device Packaging Market Dynamics

Drivers

• Increased Usage of Aluminium

Rising use of aluminium metal in the packaging of medical device because it is effective against oxygen, moisture and light. It is majorly used as a foil in packaging of medical device. Due to these properties, the demand for aluminium is growing in medical devices that incorporate biologics and pharmaceuticals. So the aluminium metal are expected to drive the growth of global medical device packaging market.

• Rising Demand for Sustainable Packaging

Life-cycle valuation is so innovative at this stage every company use it to support their sustainability claims even so, reuse, recycling and reduction are specifically restricted to sterile medical device packaging. Recycled materials can pose the concerns about heterogeneity of composition. Reuse is unreliable with the safety in disposable sterile medical devices. Reduction is not the dominant factor of the companies that double-package such as a primary package closed inside the secondary package so that the main package remains sterile on the exterior and interior.

• High Demand of Pouches for Packaging

Pouches are extensively used containers for small sized to medium-sized soft and semi-soft medical goods. It is not weak to damage during storage and shipment. The specific application of pouches include dialysis disconnect caps, wound dressings, intravenous (IV) catheters, IV administration sets, small surgical instruments, diagnostic test packs, sutures, and dental supplies.

Opportunity

• Technological Advancements in Medical Sector

The launch of numerous advanced medical devices that need specialized packaging, technological advancement in the medical device sector, and increase in demand for innovative packaging solutions will drive the growth of the global medical packaging market. Furthermore, increased supply and production of medical devices, medicines, and drugs across the world also will acts as market driver and further increase the advantageous opportunities for the market's growth rate.

Restraint/Challenge

• Stringent Rules and Regulations

Strict rules and regulations which has imposed by governments globally hinders the growth of the global medical device packaging market. Moreover, the use of plastic materials for packaging have negatively affected the environment. These are the major market restrains which will hinder the market's growth rate.

This global medical device packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global medical device packaging market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Medical Device Packaging Market Scope

The global medical device packaging market is segmented on the basis of products, accessories, material, application, distribution channel and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Products

• Pouches
• Trays
• Clamshell Packs
• Wrap Films
• Bags
• Boxes
• Cans
• Others

Accessories

• Labels
• Lidding
• Others

Materials

• Glass
• Aluminium
• Paper and Paperboard
• Plastics
• Teak
• Others

Application

• Sterile Packaging
• Non-Sterile Packaging

Distribution Channel

• Direct
• Retail

End-User

• Medical Manufacturing
• Contract Packaging
• Retail Packaging
• Others

Global Medical Device Packaging Market Regional Analysis/Insights

The global medical device packaging market is analysed and market size insights and trends are provided by products, accessories, material, application, distribution channel and end-user as referenced above.

The countries covered in the global medical device packaging market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa

North America region dominates the global medical device packaging market due to the presence of main medical devices market players which is coupled with high level of export of medical devices in this region.

Asia-Pacific is expected to grow at the fastest rate in the global medical device packaging market during the forecast period of 2023 to 2030 due to the increasing geriatric population which is demanding for medical treatment coupled with the augmented private and public spending on healthcare infrastructure in this region.

The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Medical Device Packaging Market Share Analysis

The global medical device packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global medical device packaging market.

Some of the major players operating in the global medical device packaging market are:

• Amcor plc (Switzerland)
• Bemis manufacturing company (U.S.)
• Chesapeake (U.S.)
• DuPont (U.S.)
• Klöckner Pentaplast (Germany)
• 3M (U.S.)
• WestRock Company (U.S.)
• Mitsubishi Chemical holdings Corporation (Japan)
• Oliver (U.S.)
• Sonoco Products Company (U.S.)
• Berry global Inc. (U.S.)
• Tekni-Plex.(U.S.)
• Aphena Pharma Solutions (U.S.)
• CAMAC HOLDING B.V. (Netherland)
• TOPPAN Inc, (Japan)
• Avery Dennison Corporation (U.S.)
• CCL Industries Inc. (Canada)
• Constantia Flexibles Group GmbH (Austria)
• Wipak Group (Finland)