Asia Pacific Medical Devices Packaging Market - Growth, Trends, COVID-19 Impact, and Forecast(2022 - 2027)
The Asia Pacific Medical Device Packaging Market is expected to grow by registering a CAGR of 7.4% during the forecast period (2021-2026). The growing demand for medical devices owing to increased healthcare expenditure both in the public and private sector along with the stricter regulations are driving the growth of the market studied.
Key HighlightsThe medical devices packaging market is highly fragmented, with a large number of players manufacturing varieties of packaging products for medical devices across regions. At the same time, the industry is witnessing mergers & acquisitions/consolidation of packaging players, owing to pressure on the companies to reduce prices. Some of the major players operating in the region include Amcor Plc, Bemis Manufacturing Company, Berry Global Inc, and Mitsubishi Chemical Holdings.
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