North America Medical Grade Paper Market Forecast 2023-2032

North America Medical Grade Paper Market Forecast 2023-2032

KEY FINDINGS

The North America medical grade paper market is projected to develop with a CAGR of 4.09% over the forecasted period of 2023-2032. The market growth of the region is attributable to notable investments in the research and development of medical devices as well as pharmaceutical products, the presence of leading manufacturing companies such as Johnson & Johnson, Medtronic PLC, Abbott Laboratories, etc., and the rising number of partnerships aimed at the development of innovative packaging technologies.

MARKET INSIGHTS

The North America medical grade paper market growth analysis comprises the study of Canada and the United States. Canada is witnessing an increase in the geriatric population, regarded as one of the major causes of illness development. Moreover, as per the statistics issued by the Public Health Agency of Canada, the incidence of most chronic illnesses, as well as ailments, increases with age.

On the other hand, in 2020, the five most common illnesses among the population aged 85 and above were hypertension, osteoarthritis, ischemic heart disease, osteoporosis, as well as chronic obstructive pulmonary disease (COPD). As a result, the surging prevalence of chronic illnesses, coupled with the aging population, is driving the increasing demand for medical supplies and medicines in Canada’s healthcare sector. Furthermore, Canada also has a sizable economy, with one of the world’s leading medical equipment marketplaces. Hence, these factors are set to augment the North America medical grade paper market growth during the forecasted period.

COMPETITIVE INSIGHTS

Some of the top players in the market include Cheever Specialty Paper & Film, Nelipak Corporation, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments