The medical device packaging market is anticipated to register an impressive CAGR of 5.4% annually through 2027. The adoption of medical device packaging solutions has witnessed a substantial rise, due to the rise in demand for flexible packaging and microbial packaging worldwide.
Additionally, increasing efforts by governments in various countries, especially in developing regions such as South and East Asia, to provide basic healthcare facilities to the middle-class group is estimated to create substantial demand for the medical device packaging solutions. Moreover, the rising demand for monitoring & diagnostic equipment to treat severe chronic diseases globally is contributing to the market growth of medical device packaging.
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“Manufacturers of medical device packaging can achieve significant profits by targeting APEJ and Europe regions, attributable to the rising demand for flexible medical packaging solutions in diagnostic centers, hospitals, and research institutes in these regions,” says FMI analyst.
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Prominent medical device packaging manufacturers are recognising the necessity of sustainable and cost effective packaging solutions. Prominent manufacturers across the globe have already shifted their focus towards sustainable packaging, especially towards flexible packaging, to reduce the carbon footprints released by various medical device packaging solutions.
Along with that, the rising trend of “green design packaging”, especially in the healthcare and pharmaceuticals industry, is ultimately contributing to the growth of the medical device packaging market. Moreover, these leading medical device packaging manufacturers are enhancing its manufacturing capabilities by expanding production units.
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Future Market Insights, in its new offering, offers an unbiased analysis of the global medical device packaging market, analyzing historical demand from 2012-2018 and forecast statistics for 2019-2027. The study provides growth projections on the medical device packaging market on the basis of packaging type (bags & pouches, containers, trays, stick packs, clamshell blister packs, boxes and other (flow wraps etc.), raw material (PE (HDPE, LDPE & LLDPE), PET, PP, PS, PVC, aluminium, glass, paper laminates, fabric and others (PLA, PHA etc.), application (disposable consumables, monitoring & diagnostic equipment and therapeutic equipment), end user (medical manufacturing, contract packaging and others), across seven regions.
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