Medical Device Packaging Market Forecasts to 2028 – Global Analysis By Product (Clamshells, Pouches, Boxes, Trays, Blisters, Bags and Other Products), Material, Application and By Geography
According to Stratistics MRC, the Global Medical Device Packaging Market is accounted for $36.8 billion in 2022 and is expected to reach $60.1 billion by 2028 growing at a CAGR of 8.5% during the forecast period. The packaging of medical devices plays a crucial role in ensuring their safe and secure delivery to market. The packing of the medical device enables manufacturers to supply the complicated equipment more quickly and decreases the costs associated with device failure. The packaging of medical devices is done with well-known, tracable materials. It should be designed for medicinal uses, non-toxic, non-leaching, and odourless, without holes, cracks, tears, or localised wrinkles. Medical equipment packaging offers the item physical security and aseptic sterilisation presentation.
According to the U.S. Food and drug administration data published in 2022, about 35 % of medical devices are used in the U.S.
Market DynamicsDriverTechnological advancements
The demand in the global market for medical device packaging increased as a result of technological developments in both the healthcare and packaging sectors. Biometrics, barcodes, and Radio-Frequency Identification (RFID) technology are now included in medical device packaging, opening up further business opportunities. Additionally, the introduction of intelligent and smart packaging solutions increased efficiency and sparked growth in the market for medical device packaging.
RestraintStringent regulations
Regulations must be followed since even the smallest packaging flaw could contaminate the product and endanger a patient's life. Additionally, it will hurt the manufacturer's bottom line. The technological procedure needed for this type of packing is nonetheless difficult and time-consuming. Quality issues and operational problems can worsen a patient's condition and cause medicine shortages, which eventually impair public health. Market expansion is anticipated to be constrained by strict laws governing packaging requirements.
OpportunityHigh demand of pouches for packaging
Pouches are frequently used as storage bins for tiny to medium-sized soft and semi-soft medical supplies. It is not susceptible to harm from storage or transportation. Pouches are specifically used for wound dressing, sutures, dentistry supplies, small surgical equipment, diagnostic test packs, and dialysis disconnect caps. Additionally, it is anticipated that rising aluminium metal usage in medical device packaging will fuel market expansion.
ThreatMaintaining medical packaging integrity
To determine the sterility of the products and their shelf life, medical packaging is tested. The whole value chain of medical products requires a microbiological barrier. Manufacturers face a hurdle in preserving the medical package's integrity during handling, storage, and distribution. Manufacturers now face a difficulty in keeping sterile medical packaging intact in such circumstances while also remaining cost-effective.
Covid-19 ImpactThe global healthcare industry's workflows have been hampered by the COVID-19 outbreak. A growing number of industries have been compelled to temporarily close their doors due to the sickness. Several healthcare sub-disciplines are among the sectors that are severely impacted. Additionally, the market for medical device packaging has experienced a moderate impact, as has the segment for medical devices and supplies. Due to the epidemic, healthcare personnel, resources, and facilities have come together in one area so they may work together to manage the increase in people who are suffering from the pandemic.
The boxes segment is expected to be the largest during the forecast period
The boxes segment is estimated to have a lucrative growth, due to they are durable. Trays come in different formats such as plastic medical trays, medical shipping trays, and medical inspection trays. For the packaging and shipment of medical device machine parts and component parts, trays are more reliable. The majority of trays are constructed of various plastics, but due to their high rigidity, some applications demand that they be made of vinyl.
The plastic segment is expected to have the highest CAGR during the forecast period
The plastic segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its extensive use in this sector as a result of its high flexibility and lightweight. It is readily available and can be used to group a lot of portable, little items together for storage. In order to give a proper packaging choice for the medical device that helps to retain the product's physical and functional integrity, it also offers the producer a less expensive option.
Region with Largest share
Asia Pacific is projected to hold the largest market share during the forecast period owing to the economic development. The healthcare sector is anticipated to grow further. Additionally, a market driver will be the expanded supply and manufacturing of medical supplies, drugs, and therapies. The region's expanding geriatric population, which is seeking medical care, as well as other reasons have led to increased private and public spending on healthcare infrastructure.
Region with highest CAGREurope is projected to have the highest CAGR over the forecast period, owing to the presence of several well-established device manufacturing companies operating locally as well as in the international market. It is known as the key exporter of medical devices globally and is at the forefront of innovation and developments in medical technology. On account of these factors, the demand for medical packaging in the country is expected to grow over the projected period.
Key players in the marketSome of the key players profiled in the Medical Device Packaging Market include Constantia Flexibles Group GmbH, Sonoco Products Company, CCL industries INC., 3M Company, Mitsubishi Chemical Holdings Corporation, DuPont Company, Amcor Limited, Berry Global Inc., WestRock Company, Avery Dennison Corporation, Bemis Company, Inc, Glenroy Inc, SteriPack Group and Wipak Group.
Key DevelopmentsIn April 2021, Amcor presented its newest invention, the New AmSkyTM blister system. This innovation has the potential to revolutionize medical packaging sustainability.
In April 2020, Amcor ted introduced ultra packaging for products that underwent hydrogen sterilization. Another advantage offered by this style of packaging was steam preservation. After being approved by the regulatory bodies, the hydrogen sterilization packages were globally accepted. The SBS's established standards created them.
Products Covered
• Clamshells
• Pouches
• Boxes
• Trays
• Blisters
• Bags
• Other Products
Materials Covered
• Metal
• Paper & Paperboard
• Plastic
• Foils
• Glass
• Other Materials
Applications Covered
• Non-Sterile Packaging
• Sterile Packaging
• Other Applications
Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (
Drivers, Constraints, Opportunities,
Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements