Global Medical Device Packaging Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Medical Device Packaging Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Medical device packaging are the packing solutions integrated at the primary level, secondary level and transportation level of packaging. It provides a protective layer and further offers convenient handling options. Along with the protective layer, packaging keeps the medical devices sterile and free from any kind of contamination.

Market Overview:

The latest research study on the global Medical Device Packaging market finds that the global Medical Device Packaging market reached a value of USD 25733.0 million in 2022. It’s expected that the market will achieve USD 39712.31 million by 2028, exhibiting a CAGR of 7.5% during the forecast period.

High healthcare expenditure in medical technology

Factors such as rising public needs and expectations, personal income growth, and advances in medical technology have increased European healthcare expenditures. As healthcare expenditures increase, the global market is witnessing the introduction of technologically advanced medical equipment. As the availability, quantity and types of equipment on the market increase, the demand for medical device packaging will also increase during the forecast period.

Increasing adoption of IoT device manufacturing and packaging

The Internet of Things has become one of the most basic technologies in the Industry 4.0 era. This technology allows users to use data generated by machines and equipment to help manufacturers add value to their products. Because of this advantage, the Internet of Things is widely used in devices. However, in order to make the supply of medical devices faster and more seamless, the packaging of these devices has also become intelligent, ie. The Internet of Things has also penetrated into the packaging industry. In order to ensure that the packaging of equipment meets corporate standards, smart packaging solutions are widely used. This increase in adoption rate is the main factor driving the growth of the medical device packaging market.

Crude oil prices and trends in the petrochemical industry

Crude oil prices and other trends in the petrochemical industry directly affect market demand and supply. At present, price fluctuations and related geopolitical conflicts between countries are the main challenges for the growth of the industry. The availability of raw materials and transportation barriers have also stimulated the production of medical device packaging.

Region Overview:

In 2022, the share of the Medical Device Packaging market in North America stood at 33.46%.

Company Overview:

DowDuPont is one of the major players operating in the Medical Device Packaging market, holding a share of 6.06% in 2023.

DowDuPont

DowDuPont is a chemical holding company that specializes in agriculture, materials science, and specialty products. The Company serves agriculture, automotive, building and construction, electronics, energy, food and beverage, government, healthcare, marine, mining, packaging, plastics, and safety industries.

Berry Plastics

Berry Plastics Corporation is one of the leading U.S. manufacturers of injection-molded plastic packaging. The company has five core product lines, including aerosol over caps, open top containers, drink cups, custom molding, and housewares and lawn and garden products.

Segmentation Overview:

As for product types, the Pouches segment held the largest market share in 2022.

Trays

Medical device trays, with Tyvek or other substrate lidstock, is the premier packaging solution for sterile medical products. Thermoformed medical trays hold, protect, and keep safe devices; are easy to load, seal, and sterilize; and, are the preferred packaging style by healthcare practitioners for an intuitive opening and device removal experience.

Pouches

Pouches are mainly composed of Tyvek, foil and some transparent polymers. Pouches minimizes delivery time and reduces material and equipment costs. Pouches as a packaging solution for sterilization applications, ensure the protection of the medical device against contamination with bacteria and chemicals from the time of sterilization until use of the sterile medical device.

Clamshell

Clamshells lend themselves to packaging medical device products because of their security, rigidity, durability, and efficiency. Medical clamshells protect, orient, and organize devices from fulfillment through opening by the end user. They often contain peel able layers and push-through lidding, enabling end users to easily remove the products inside.

Application Overview:

The market's largest segment by application is the segment Sterile Packaging, with a market share of 86.49% in 2022.

Sterile Packaging

Medical device sterile packaging is a non-reusable packaging material that can be used as a barrier to prevent the spread of microorganisms. Most of these packages are designed to prevent medical device products from being affected by the external environment and accidentally spreading infections.

Non-sterile Packaging

Packaging systems for non-sterile medical devices must keep the product without deterioration at the level of cleanliness stipulated and, if the devices are to be sterilized prior to use, minimize the risk of microbial contamination; the packaging system must be suitable taking account of the method of sterilization indicated

Key Companies in the global Medical Device Packaging market covered in Chapter 3:

Rollprint
Glenroy Inc.
Plastic Ingenuity
DowDuPont
3M
Sonoco Products Company
Amcor
Klockner Pentaplast
Barger (Placon)
Berry Plastics
Beacon Converters
WestRock Company
Constantia Flexibles
Mondi

In Chapter 4 and Chapter 14.2, on the basis of types, the Medical Device Packaging market from 2018 to 2029 is primarily split into:

Trays
Pouches
Clamshell
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Medical Device Packaging market from 2018 to 2029 covers:

Sterile Packaging
Non-sterile Packaging

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)