Global IVD Packaging Market Size study & Forecast, by Product (Bottles, Vials, Tubes, Closures), by End User (Hospitals, Laboratories, Academic Institutes), and Regional Analysis, 2023-2030

Global IVD Packaging Market Size study & Forecast, by Product (Bottles, Vials, Tubes, Closures), by End User (Hospitals, Laboratories, Academic Institutes), and Regional Analysis, 2023-2030

Global IVD Packaging Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% during the forecast period 2023-2030. In-vitro diagnostic (IVD) packaging serves as the guardian of diagnostic excellence, meticulously crafted to safeguard every aspect of in-vitro diagnostic products. From test kits and reagents to instruments and consumables, this specialized packaging is the silent sentinel, dedicated to preserving the purity and efficacy of these essential tools. By shielding against contamination and damage, IVD packaging champions the reliability and accuracy of disease diagnosis, condition monitoring, and the invaluable clinical insights delivered to healthcare professionals. It stands as a testament to the commitment to excellence in healthcare, ensuring that every diagnostic journey begins with confidence and ends with precision. The market growth is driven by key factors such as the growing geriatric population, rising demand for personalized medicine and increasing prevalence of chronic diseases.

As chronic diseases such as diabetes, cardiovascular diseases, cancer, and respiratory disorders become more prevalent, the demand for diagnostic tests rises. This necessitates a greater volume of IVD products, consequently driving up the demand for specialized packaging solutions. As per Statista, in Canada, approximately 30% of the elderly population grapple with three or more chronic health conditions, while 15% are fortunate not to have any chronic health issues. Meanwhile, in Italy, the year 2021 witnessed about 23.7 million individuals contending with at least one chronic disease. Among these, hypertension emerged as the most prevalent ailment, affecting nearly 10.9 million Italians, whereas osteoarthritis or arthritis afflicted around 8.7 million individuals in the same period 2021. However, environmental Concerns Related to Raw Materials for Packaging stifled market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global IVD Packaging Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The Asia Pacific region emerges as the frontrunner and is poised to experience the most rapid growth in the coming forecast years. Significantly, the Chinese government has been augmenting healthcare expenditure, with a significant emphasis on bolstering public health initiatives. This commitment is reflected in the expansion of hospital infrastructure across China, substantiating the strategic investment in public health and propelling market growth within the region. Meanwhile, Japan grapples with longstanding challenges posed by a shrinking and ageing population.

Major market player included in this report are:
Bio-Rad Laboratories Inc.
Corning Inc.
Greiner Bio-one
Narang Medical Limited
Amcor Plc.
Duran Group
Wheaton Industries
MCC Label
Sarstedt Inc.
Aptar Group

Global IVD Packaging Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Product, End-user, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product:
Bottles
Vials
Tubes
Closures
By End-user:
Hospitals
Laboratories
Academic Institutes
By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.