Medical Devices Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The medical devices packaging market was valued at USD 29.32 billion in 2020 and expected to reach USD 41.91 billion by 2026 and grow at a CAGR of 6.13% over the forecast period (2021-2026). The healthcare industry has evolved from its erstwhile traditional form of practices to the current position, where high-tech equipment and instruments are being deployed to improve efficiency. These developments have been providing scope for the expansion of medical appliances and other medical devices, driving the growth of the market studied.
Key HighlightsThe medical devices' packaging market is quite fragmented. The major players have used various strategies such as new product launches, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market, which increases the rivalry in the market. Key players are Amcor Limited, Bemis Company, Inc., Berry Plastics Pvt Ltd, etc.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook