The global medical device packaging market size is expected to reach USD 48.88 Billion in 2028 and register a revenue CAGR of 6.3% over the forecast period, according to a latest report by Reports and Data. Market revenue growth is primarily driven by rising demand for medical devices globally. Rising prevalence of chronic diseases across the globe and rise in the number of hospitals and diagnostic centers are other key factors boosting revenue growth of the global medical device packaging market. Moreover, major economic development in countries such as China and India is expected to open up major opportunities for manufacturers of medical devices going ahead. Medical device manufacturers are increasingly investing in development of more innovative devices and services, which is driving rising need for more specialized packaging materials and solutions. Moreover, rising popularity of healthcare insurance due to rise in income levels and spending capacity among individuals are boosting growth of the medical devices market due to increasing shift towards healthcare insurance.
Increasing government investment on public and private healthcare services and implementation of innovative strategies and structural reforms in order to enhance patient safety and strengthen healthcare infrastructure, treatment, and services are resulting in rising demand for more enhanced and effective packaging solutions for medical devices. Manufacturers of medical device packaging are investing on research and development activities for the launch of specialized packaging solutions for medical devices in order to comply with regulations and successfully complete packaging testing formalities.
Major players in the market include Amcor plc, Berry Global, Inc., DuPont de Nemours, Inc., WestRock Company, Mitsubishi Chemical Holdings, Placon Corporation, Sonoco Products Company, Technipaq Inc., Constantia Flexibles, and Plastic Ingenuity.
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Some Key Highlights from the Report:
For the purpose of this report, Reports and Data has segmented the global medical device packaging market based on product, material, application, and region:
Product Outlook (Revenue, USD Billion; 2018-2028)
Material Outlook (Revenue, USD Billion; 2018-2028)
Application Outlook (Revenue, USD Billion; 2018-2028)
Regional Outlook (Revenue, USD Billion; 2018-2028)
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Benefits of Purchasing Global Medical Device Packaging Market Report:
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Indicative Metrics
Chapter 4. Medical Device Packaging Market Segmentation & Impact Analysis
4.1. Medical Device Packaging Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
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Finally, all aspects of the Medical Device Packaging market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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