The NA Medical Devices Packaging Market size is estimated at USD 15.5 billion in 2024, and is expected to reach USD 19.36 billion by 2029, growing at a CAGR of 4.54% during the forecast period (2024-2029). In terms of production volume, the market is expected to grow from 1.47 million tonnes in 2024 to 1.82 million tonnes by 2029, at a CAGR of 4.34% during the forecast period (2024-2029).
The medical technology sector stands out as a beacon of success in United States manufacturing, blending swift innovation with precise product development and global distribution. Offerings span cutting-edge tools like nanotechnology and advanced imaging to everyday essentials like bandages and thermometers.
The rising prevalence of eye conditions like cataracts, glaucoma, and age-related macular degeneration fuels the demand for ophthalmic products. Consequently, there is a growing need for specialized packaging to ensure the safety and efficacy of these products.
Additionally, the increase in cosmetic surgical procedures in the United States contributes to the rising demand for medical device packaging. As more individuals opt for cosmetic enhancements, the need for packaging solutions that cater to these specialized devices grows.
North America’s Medical Devices packaging market is Semiconsloidated; Established brands are typically associated with strong performance, giving them a competitive edge. Furthermore, significant investments raise the exit barriers for current players, driving the industry toward heightened competition. Vendors are also bolstering their technological capacities, further intensifying market rivalry. Some of the major players operating in the region include Sonoco TEQ (Sonoco Products Company), Berry Global Inc., Brentwood Industries Inc., Spectrum Plastics Group (a DuPont business), and 3M Company.
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